Stay Informed: Jerome Powell’s Policy Report & Important Economic Data
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Stay Informed: Jerome Powell’s Policy Report & Important Economic Data
Stay Informed: Jerome Powell’s Policy Report & Important Economic Data
Jerome Powell will deliver his semi-annual policy report to Congress. The monthly jobs report is out Friday, along with some major earnings.
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Stay Informed: Jerome Powell’s Policy Report & Important Economic Data
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Jerome Powell will deliver his semi-annual policy report to Congress. The monthly jobs report is out Friday, along with some major earnings.
Yahoo FinanceFed stresses ongoing interest rate hikes needed in monetary report to Congress
The Federal Reserve underscored Friday in a semiannual Monetary Policy Report to Congress that inflation remains too high and that ongoing increases in interest rates are needed to bring inflation back down to the Fed’s 2% target.
1d ago
Watch: Germany’s Scholz Meets With Biden to Discuss Ukraine
German Chancellor Olaf Scholz met with President Biden on Friday to discuss the war in Ukraine, among other issues. Scholz told Biden this is an extremely important year due to the “very dangerous threat to peace that comes from Russia invading Ukraine.” Photo: Susan Walsh/Associated Press
19h ago
BloombergColombian Oil Field Kidnapping Ends as Dozens of Hostages Freed
(Bloomberg) -- Dozens of police and oil workers taken hostage after protesters stormed a field operated by China’s Sinochem Group have been released, Colombian President Gustavo Petro said. Most Read from BloombergSingapore PM Lee’s Estranged Brother Weighs Presidential RunAmericans Need to Be Richer Than Ever to Buy Their First HomeAmazon Pauses Construction on Second Headquarters in Virginia as It Cuts JobsAmazon Is Closing Its Cashierless Stores in NYC, San Francisco and SeattleRussia Is Gett
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9h ago
FX EmpireAUDUSD Forecast – Australian Dollar Continues to Build a Base
The Australian dollar has rallied a bit during the trading session on Friday, as we continue to see a lot of noise just above the 0.67 level.
1d ago
ReutersFed's Barkin calls for deliberate rate hikes to fight 'exhausting' inflation
The U.S. central bank will need further, deliberate interest rate hikes to bring inflation back down to its 2% goal, Richmond Federal Reserve Bank President Thomas Barkin said on Friday, noting that while inflation has likely peaked, it may not recede quickly. "I think it will take time to return to target, and, as a consequence, believe we still have work to do," Barkin said in remarks prepared for delivery to the Stanford Institute for Economic Policy Research's annual economic summit. Inflation by the Fed's preferred year-over-year gauge was 5.4% in January, an increase from the 5.3% pace in December.
20h ago
The TelegraphGlobal recession has been postponed, not cancelled
Two sets of figures are telling starkly different stories about the state of the world economy. The classical signals used by economists over the ages are telling us that Europe and the US are sailing straight into a recessionary iceberg at full throttle.
1d ago
The TelegraphWe'll all pay for the Bank of England's blindspot for the bleeding obvious
Interest rate expectations are becoming like the Grand Old Duke of York, marched up to the top of the hill one month, only to be marched back down again the next.
5h ago
The TelegraphGermany and Italy block Brussels from banning petrol and diesel cars
Germany and Italy have thrown a planned European Union ban on new petrol and diesel cars into disarray as they seek exemptions to protect their powerful car industries.
23h ago
BloombergTokyo Inflation Slows Sharply as Subsidies Mask Ongoing Strength
(Bloomberg) -- Inflation in Tokyo decelerated for the first time in more than a year, as ramped-up government subsidies masked a strengthening price trend that will keep scrutiny on the Bank of Japan’s policy path under the likely leadership of Kazuo Ueda.Most Read from BloombergFed Event Scrapped After Participant Shows Porn in Zoom RoomIsrael’s Window to Strike Iran Narrows as Putin Enters EquationSingapore PM Lee’s Estranged Brother Weighs Presidential RuniPhone Maker Plans $700 Million India
2d ago
TheStreet.comFresh Services PMI Reports Suggest Inflation Isn't Cooling
The February data suggest the Fed still has its work cut out for it when it comes to reining in labor costs
22h ago
USA TODAYWhich college majors earn most (and least) money after graduation? What federal data shows
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22h ago
ReutersWall Street stocks power higher as Treasury yields and dollar ease
Wall Street stocks posted strong gains while Treasury yields and the dollar pulled back on Friday as data pointing to U.S. economic growth boosted risk appetite, even as expectations for rate hikes kept bond yields near multi-year highs. The U.S. services sector grew at a steady clip in February, with new orders and employment rising to more than one-year highs, suggesting the economy continued to expand in the first quarter. U.S. shares jumped, with the Dow Jones Industrial Average up 1.17%, the S&P 500 1.61% higher, and the Nasdaq Composite adding nearly 2%.
2d ago
MarketWatchAsian stocks following U.S. markets higher as interest-rate fear turns to hope
ASSOCIATED PRESS BEIJING (AP) — Asian stock markets followed Wall Street higher early Friday after a Federal Reserve official raised hopes the U.S. central bank might not step up its anti-inflation fight as much as feared.
2d ago
ReutersGLOBAL MARKETS-Wall Street stocks power higher as Treasury yields and dollar ease
Wall Street stocks posted strong gains while Treasury yields and the dollar pulled back on Friday as data pointing to U.S. economic growth boosted risk appetite, even as expectations for rate hikes kept bond yields near multi-year highs. "Following weeks of relentless upward pressure on interest rates, the S&P 500 got a bit of a reprieve today," said Bill Sterling, global strategist at GW&K Investment Management in Boston. He added that the small differential between shorter-term bonds indicated a lower risk of recession: "Market participants seem to be saying that the economy – and corporate profits - can withstand a higher-for-longer interest rate path."
21h ago
The Wall Street JournalThe World Economy Is Doing Well—This Is Bad News for Central Bankers
The global economy is showing vigor, with business surveys this week pointing to a widespread revival in growth, a sign that central banks may need longer than anticipated to bring inflation under control.
1d ago
The TelegraphMarkets approach mini-Budget madness levels ahead of Hunt's Spring Statement
There's an air of déjà vu in the bond market. The atmosphere is febrile, borrowing costs are up and speculation is rife about what will be in the upcoming Spring Budget.
7h ago
MarketWatchWith the 10-year Treasury topping 4%, ‘it’s time to start dipping your toes in,’ says Wamco
With or without a recession, yields on long-term U.S. government debt look attractive, says Molly Schwartz, portfolio manager at Western Asset Management.
2d ago
BloombergAmazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs
(Bloomberg) -- Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides with the company’s deepest ever job cuts and a reassessment of office needs to account for remote work.Most Read from BloombergSingapore PM Lee’s Estranged Brother Weighs Presidential RunAmericans Need to Be Richer Than Ever to Buy Their First HomeAmazon Pauses Construction on Second Headquarters in Virginia as It Cuts JobsAmazon Is Closing Its Cashierless Stores
21h ago
ReutersCanadian $ forecasts stay upbeat as analysts eye global recovery: Reuters poll
Analysts are sticking to their forecasts for a stronger Canadian dollar over the coming year, expecting an improved global economy and less central bank uncertainty that would boost the commodity-linked currency, a Reuters poll showed on Friday. The loonie has weakened about 8% since March 2022 as aggressive interest rate hikes by the Federal Reserve and other major central banks to tackle inflation cooled prospects for the global economy this year. According to the median forecast of more than 30 currency analysts in the March poll, the Canadian dollar will strengthen 1.5% to 1.34 per U.S. dollar, or 72.63 U.S. cents, in three months' time, matching last month's forecast.
1d ago
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