Fed Chair Jerome Powell is facing intensifying pressure as hotter-than-expected inflation complicates his coming interest rate decisions. The fact that both Joe Biden and Donald Trump weighed in this past week isn’t making it any easier. The situation has a historical parallel: the acute persuasion and coercion that Powell’s predecessors faced during twin bouts of
On Wall Street in the week ahead, investors’ major focus would be on inflation data for March and the minutes of the Federal Reserve’s March monetary policy meeting. Following last week’s strong jobs report that dented interest rate cut odds, investors will closely watch the consumer prices data and the Fed minutes for clues about
A bumpy week for the S&P 500 Index prompted long-complacent traders to look at the hedges they’ve ignored for months. The demand for broad market insurance plunged to multi-year lows in the first quarter as US stocks posted a series of fresh highs despite growing geopolitical tensions and uncertainty over interest rates. This week, that
The US economy added more jobs than expected in March while the unemployment rate ticked lower, furthering signs the labor market remains on stronger footing than many predicted.. Data from the Bureau of Labor Statistics released Friday showed the labor market added 303,000 nonfarm payroll jobs in March, significantly more additions than the 214,000 expected
(Bloomberg) — US stocks were poised to open lower after last week’s strong rally as investors assessed the outlook for corporate earnings ahead of key data from the US that may give further clues on the Federal Reserve’s policy path. Most Read from Bloomberg Futures on the S&P 500 slipped after Wall Street’s best weekly
The Federal Reserve on Wednesday held interest rates steady and made no changes to its forecast that it will be necessary to cut rates three times in 2024. The central bank’s benchmark interest rate remained in a range of 5.25%-5.50% at the conclusion of its latest policy meeting on Wednesday, the highest since 2001. While
(Bloomberg) — Bond investors who were once convinced that the Federal Reserve would start cutting interest rates this week are painfully surrendering to a higher-for-longer reality and a murky path forward for the market. Most Read from Bloomberg Treasury yields spiked in recent days and are on the cusp of setting new highs for the
Stock market investors on Wall Street in the week ahead will keenly watch for inflation data among the other economic reports. The upcoming economic reports can provide investors clues on the US Federal Reserve’s rate cut plans later in the year. Last week, investors’ hopes were bolstered about interest rates cut after Federal Reserve chair
Stock market investors on Wall Street in the week ahead will be watching key economic data including consumer price index, producer price index and industrial production report. Apart from the US economic data, some key earnings including Coca-Cola, Shopify, Cisco, and Sony will also be the focus of the investors. Economic events On February 13,
U.S. Treasury yields were mixed on Thursday as investors digested the latest interest rate decision from the Federal Reserve and clues about the path ahead for rate cuts. At 4:29 a.m. ET, the yield on the 10-year Treasury was down by over one basis points to 3.9462%, remaining below the 4% mark it had fallen