No matter what Federal Reserve Chairman Jerome Powell says to market participants these days, it seems they only hear the good stuff. Two recent examples: first in July, when Powell hinted that smaller interest rate hikes might be on the way. The second was last week, when the central bank leader appeared to confirm that …
Fed Chairman Powell has a problem communicating with the market Read More »
A ‘Help Wanted’ sign is displayed in a store window in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty Images As for the jobs reports, the November ones weren’t exactly what the Federal Reserve was looking for. A higher-than-expected payrolls number and a hot payroll reading that was double what …
The Fed’s path to a “Goldilocks” economy just got a little complicated Read More »
Japanese yen strengthens after Powell’s comment on small bulls Temasek’s $245m FTX loss ‘damaged reputation’ of Singapore, Deputy PM says Singapore’s Deputy Prime Minister Lawrence Wong says the state’s sovereign wealth fund’s loss of $275 million investment in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” of the city-state. But the loss …
Asia-Pacific Markets Rise, Japanese Yen Strengthens as Fed Signals Lower Rises Read More »
Chinese factory activity beats expectations and contracts for second straight month China’s official manufacturing purchasing managers’ index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s below analysts’ expectations polled by Reuters, who had forecast a reading of 49. October’s PMI was 49.2. PMI readings are sequential and …
Chinese factory activity data falls short of expectations; Asia-Pacific markets mixed Read More »
Stocks making the biggest first moves: Hibbett, Silvergate Capital and more Here are the stocks that make the biggest moves in premarket trading: hibett: The sporting goods retailer’s stock fell 5.7% pre-market after missing revenue and earnings estimates for its latest quarter. The company said it was hit by higher expenses that squeezed profit margins, …
S&P 500 futures rise as China Covid worries ease Read More »
The November jobs report is the big event for markets in the coming week, and it could provide important information on the trajectory of Federal Reserve interest rate hikes. Stocks were higher in the shortened holiday week, with the S&P 500 rising as Treasury yields slipped and the dollar weakened. The post-Thanksgiving week will be …
November jobs report and the Fed matter most to markets in the week ahead Read More »
Federal Reserve officials agreed earlier this month that smaller interest rate increases should take place as they assess the policy’s impact on the economy, meeting minutes said. the meeting published on Wednesday. Reflecting statements that several officials have made over the past few weeks, the summary of the meeting pointed to small rate hikes ahead. …
Fed officials see smaller rate hikes coming ‘soon’, minutes say Read More »
As Americans struggle to pay their bills amid soaring inflation, the institutions we rely on to bring the economy back to stability are engaged in a covert power struggle that only worsens the impending crisis. Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen are locked in a tug of war over interest rates, …
The US economy is at the mercy of Jerome Powell and Janet Yellen Read More »
