Fed

The U.S. stock market began on Tuesday (June 20) to show the first signs of a reversal from the impressive surge that began in early May as investors worry about the future path of monetary policy ahead of impending Federal Reserve Chair Jerome Powell’s testimony before the U.S. Congress. A...

A positive week is coming to a close for the stock market ahead of Monday’s the Juneteenth holiday, with the S&P 500 Index up about 3% on the week, marking its fifth consecutive week in the green and its best weekly performance since the end of March. The week was defined by the Federal...

Two major investment banks on Wall Street stated that they anticipate the Federal Reserve will resume hiking interest rates as soon as July, departing from initial market reactions to the Fed Chair Jerome Powell’s press conference. Following the Fed’s decision to pause at its June...

The implied odds of a Federal Reserve rate increase in June have increased according to Fed futures pricing, as a preliminary debt ceiling deal struck over the weekend added gasoline to the fire of higher-than-expected PCE inflation and Fed hawkish statements of last week.   CME...

A sizable proportion of U.S. banks revealed they had tightened lending standards for commercial and industrial loans to businesses of all sizes in the previous quarter, according to a Fed survey of bank lending practices released on Monday.  Bank Lending Adjusting to A New Post-Pandemic...

Speaking to the Economic Club of Minneapolis on Friday, St. Louis Fed President James Bullard noted that the present level of interest rates is in the "sufficiently restrictive" territory according to the committee. He added that the chance of a soft landing exists by labeling ...

The Federal Reserve hiked interest rates by 25 basis points to a range of 5%-5.25%, as widely anticipated by the market, pushing borrowing costs to the highest level since September 2007. The U.S. central bank also hinted it might be done with the tightening cycle by eliminating a...

On Wednesday, the Federal Open Market Committee (FOMC) will almost definitely raise the Fed funds rate by 25 basis points to 4.75-5%, which might cause some market volatility, particularly for interest-rate sensitive equities. The volatility of U.S. stocks during and in the aftermath of a Fed...

Goldman Sachs U.S. Economist David Mericle expects the Federal Reserve will raise rates by 25 basis points for one last time in May and keep them sticky high for a long time. In a note published last Friday, Goldman Sachs anticipated interest rates would remain unchanged in June...

The Personal consumption expenditure (PCE) price index grew 0.1% in April from the previous month and 4.2% annually, according to the Bureau of Economic Analysis. That's down from 5% in February and falling short of economist expectations of a 4.6% increase. The price index for...

Market participants are eagerly awaiting for the March personal consumption expenditure (PCE) price index report from the Bureau of Economic Analysis on Friday (April 28), before the market opens.  With the next FOMC meeting in less than a week, what is regarded as the Fed's preferred...

The market got another hint of labor market weakness in the United States on Wednesday, as Automatic Data Processing, Inc. (ADP) reported 145,000 jobs added by private companies in March 2023, down from 261,000 in February and significantly below forecasts of 200,000. According to ADP Chief...

One of the most well-known voices in the financial industry is speaking out against some of the top decision-makers after recent events. What Happened: Author Robert Kiyosaki may be best known for writing “Rich Dad, Poor Dad,” but in recent years has often been a voice supporting...

The Federal Reserve announced it was raising interest rates for the first time since 2018 in early 2022. Here’s a look back at what happened and how the market has performed since. What Happened: On March 16, 2022, the Federal Reserve announced it was raising the targeted fed funds rate by 0....

By Lance Roberts Economically speaking, bullish bets are mounting on a “no landing” scenario, which suggests the economy will avoid a recession entirely. As noted by Yahoo Finance last Friday: “The newly-coined ‘no landing’ outcome considers a scenario in...