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Economy
Fed's Powell says higher rates need to persist to affect Fed policy choices
By Michael S.
April 26, 2024
Today: September 20, 2024
Today: September 20, 2024
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By Michael S.
April 26, 2024
The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs in a policy statement that acknowledged the U.S.
April 26, 2024
Federal Reserve Chair Jerome Powell said Wednesday that the U.S. central bank is not thinking about lowering rates right now.
April 26, 2024
Federal Reserve Chair Jerome Powell said on Wednesday that he sees no reason to change the current drawdown of the central bank's still-massive balance sheet.
April 26, 2024
DoubleLine Capital CEO Jeffrey Gundlach expects interest rates are about to trend lower as the U.S. economy deteriorates further and tips into a recession in early 2024, he said in an
April 26, 2024
Oil prices gained more than $2 a barrel on Thursday, breaking a three-day declining streak as risk appetite returned to financial markets a day after the U.S.
April 26, 2024
Wall Street's bond investors received a much-needed shot in the arm on Wednesday, thanks to smaller-than-expected government borrowing from
April 26, 2024
The number of Americans applying for jobless benefits inched up last week but remains low by historical standards, even with the Federal Reserve’s aggressive interest rate hikes meant to cool the economy and taper lingering inflation
November 02, 2023
U.S. worker productivity grew at its quickest pace in three years in the third quarter, depressing labor costs.
April 26, 2024
The dollar fell to a six-week low on Friday after data showed the world's largest economy created fewer jobs than expected last month, reinforcing
November 03, 2023
Global stock indexes rose sharply, the U.S. dollar dropped to a six-week low and benchmark 10-year U.S.
April 26, 2024
Wall Street steamrolled even higher to add more gains to its best week in nearly a year
November 03, 2023
Next week will have plenty to keep financial market traders and investors busy, including whether the Federal Reserve really has hit peak rates, another possible rate rise in
April 26, 2024
The nation’s employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient despite high interest rates that have made borrowing much costlier for companies and consumers
November 02, 2023
Wall Street's main stock indexes rallied on Friday as bond yields fell sharply after data showed signs of slowing U.S. jobs growth and an uptick in
April 26, 2024
A recent surge in U.S. productivity has underscored Federal Reserve Chair Jerome Powell's emerging narrative for how inflation may continue to decline even
April 26, 2024
U.S. job growth slowed more than expected in October in part as strikes by the United Auto Workers (UAW) union against Detroit's "Big Three" car makers depressed manufacturing
April 26, 2024
Slowing U.S. job growth and cooling wage pressures may give Federal Reserve policymakers renewed confidence the U.S. economy is adjusting from the shock
April 26, 2024
Global hedge funds using algorithms to trade stocks endured one of their worst days of the year on Thursday, a Goldman Sachs note on Friday showed, a sign that a
April 26, 2024
The October jobs report likely was a relief to Federal Reserve officials who hope the U.S. economy can edge down softly from a period of high inflation and
April 26, 2024
Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said there is a lot of uncertainty over what is driving longer-term bond yields, whose rise in September and October helped convince
April 26, 2024
Hopes that a rout in Treasuries has run its course are tempting some investors back into the U.S. stock market after a months-long selloff.
April 26, 2024
Barclays said it now expects the U.S. Federal Reserve to deliver a 25 basis point interest rate increase in January instead of an earlier expectation for a December hike.
July 02, 2024
U.S. stocks closed slightly higher on Monday as investors awaited guidance from a host of Federal Reserve policymakers later in the week on the central bank's policy
April 26, 2024
The recent rise in long-term U.S. bond yields does not seem to have been driven by investor expectations of further interest rate increases, Federal Reserve
April 26, 2024