Jerome Powell, chairman of the US Federal Reserve, spoke at the Brookings Institute regarding … [+] inflation and the broader economy on November 30. Photographer: Al Drago/Bloomberg © 2022 Bloomberg Finance LP Fed Chair Jerome Powell made clear in a recent speech that services inflation is what concerns him most. He is cautiously optimistic that…
Topline Stocks jumped Wednesday afternoon after Federal Reserve chair Jerome Powell indicated a reprieve from the Fed’s most aggressive interest rate hikes in four decades is on the horizon as soon as next month, as investors pounce for any signs of progress from Powell in his war on inflation. U.S. Federal Reserve chair Jerome Powell…
Jerome Powell speaks this afternoon and markets will be listening for any hints on interest rates. … [+] (Photo by Alex Wong/Getty Images) Getty Images Key Takeaways Holiday Spending Uninspiring So Far Housing Prices Fall Jerome Powell Speaks It’s been a relatively quiet start to the week for equities, but that could change. Economic data…
Inflation, growth of food sales, growth of market basket or consumer price index concept. getty The U.S. Bureau of Labor Statistics released October’s CPI calculation on Thursday, November 10, before the markets opened. While expectations were for an annual rate of 8.0%, it came in at 7.7%. Stock markets exploded to the upside with the…
Bond prices have sunk as the 10-year Treasury yield rose from 1.5% to 4.2% this year. getty After a brutal year for bonds, with prices sinking after the 10-year U.S. Treasury yield rose from 1.5% to 4.2%, have interest rates reached their apex? The 10-year yield has retreated to 3.7%, likely helped by talk of…
Bank Building getty That more investors are convinced the Fed will pivot next year to lower interest rates may be the reason for the buying coming into bank stocks. The expectation that such a favorable factor is likely in the offing might be enough for institutions and hedge funds to return to these big banks.…
Fed minutes from the November 1-2 2022 meeting, made clear the Fed’s continued focus on the risks of … [+] entrenched inflation. Photographer: Al Drago/Bloomberg © 2022 Bloomberg Finance LP The U.S. Federal Reserve (Fed) released the minutes of its November 1-2 meeting on November 23. The minutes showed the Fed’s continuing concern over the…
Consumer Sentiment Universal Value Advisors It’s Black Friday/Cyber Monday weekend. Consumers are looking for bargains. Despite what may be a better-than-expected start to the holiday season, for reasons discussed below, the indicators that measure the state of the U.S. consumer are mainly downbeat, and we think that overall, holiday sales will disappoint. Share prices of…
Nov. 17. (AP Photo/Nam Y. Huh) Copyright 2022 The Associated Press. All rights reserved. Key Takeaways Mortgage refinance applications are down 88% since this time last year, with new mortgage applications also down 46% over the same period. It comes off the back of rapidly rising rates, which have made mortgages hundreds of dollars more…
Topline The Federal Reserve indicated Wednesday it may soon ease up on its aggressive policy as higher interest rates start slowing the economy—signaling the worst of the central bank’s rate hikes could be over even as experts debate how successful they’ve been in taming the worst spike in prices since the 1980s. The Fed has…