Tag Archives: Fed

(Bloomberg) — Analysts increasingly see a recession looming in the US following the Federal Reserve’s biggest increase in interest rates since 1994 and signs of weaker consumer spending. Most Read from Bloomberg The Fed hiked its policy rate by 75 basis points Wednesday to a range of 1.5% to 1.75%, as officials intensified their battle against inflation that’s remained stubbornly high. Wells Fargo & Co. now forecasts a “mild recession” starting in mid-2023, as inflation becomes more… Source link

LIVE: Fed Chair Jerome Powell delivers remarks following FOMC meeting – Yahoo Finance Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, June 15, 2022 Today’s newsletter is by Brian Cheung, an anchor and reporter covering the Fed, economics, and banking for Yahoo Finance. You can follow him on Twitter @bcheungz. Up until last Friday, the Federal Reserve’s game plan for tackling rapid inflation was clear: raise interest rates by half a percent on June 15. In the last few… Source link

* FedEx jumps after lifting quarterly dividend by more than 50% * Oracle rises as sales, profit top estimates on cloud boom * Continental Resources jumps on buyout proposal from founder (Updates to mid-afternoon, changes byline) By Chuck Mikolajczak NEW YORK, June 14 (Reuters) – The S&P 500 ended lower on Tuesday as the index was unable to bounce from a sharp sell-off in the prior session with a key policy statement from the Federal Reserve on deck that will reveal how aggressive the central… Source link

(Bloomberg) — US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. Most Read from Bloomberg The consumer price index increased 8.6% from a year earlier in a broad-based advance, Labor Department data showed Friday. The widely followed inflation gauge rose 1% from… Source link

(Bloomberg) — Stanley Druckenmiller has a warning for Wall Street: The sharp decline in the stock market isn’t over just yet. Most Read from Bloomberg Story continues “My best guess is that we’re six months into a bear market,” Druckenmiller, who runs Duquesne Family Office, said Thursday at the 2022 Sohn Investment Conference. “For those tactically trading, it’s possible the first leg of that has ended. But I think it’s highly, highly probable that the bear market has a ways to… Source link

If the Federal Reserve stays on its current course of major interest rate hikes, stocks may drop another 25%, according to a top executive at Ray Dalio’s Bridgewater Associates hedge fund. Bridgewater Associates co–chief investment officer Greg Jensen said inflation is not going away, which could force the Fed to continue hiking interest rates, likely more than Wall Street currently anticipates. Story continues “We’re in a radically different world,” Jensen said in an interview with… Source link

‘The tide has changed’: This investing veteran says hot inflation and a tight Fed call for a shift in strategy. He likes 3 specific areas for protection 2022 continues to give growth stocks — particularly those in the tech sector — a blunt reality check. The tech-centric Nasdaq index is down 24% year to date, more than double the 10% decline of the Dow over the same period. Story continues MoneyWise recently interviewed investing veteran Claudio Chisani — investment advisor and portfolio… Source link

(Bloomberg) — Federal Reserve officials agreed at their gathering this month that they need to raise interest rates in half-point steps at their next two meetings, continuing an aggressive set of moves that would leave them with flexibility to shift gears later if needed. Most Read from Bloomberg While highlighting the “strong commitment and determination” of all policy makers to restore price stability, the minutes of the May 3-4 meeting, released Wednesday, showed officials attentive to… Source link

U.S. stock futures traded lower Wednesday morning, as investors looked to shake off the latest wave of selling sparked amid growing concerns about the impact of inflation on company profits and the broader economy. Traders also awaited the Federal Reserve’s meeting minutes later in the day, which may help further clarify the path of monetary policy in the near-term. Contracts on the S&P 500 edged lower, steadying after Tuesday’s renewed rout. Dow and Nasdaq futures were each also off slightly… Source link