James Bullard Olivia Michael | CNBC The Chairman of the Federal Reserve St. Louis James Bullard said on Tuesday that he still thinks the economy can avoid a recession, although he expects the central bank will need to keep raising interest rates to keep inflation under control. “I think inflation has turned hotter than I … Read more
You know resistance will come. With the S&P index up 9.1% in July, Federal Reserve officials are pushing back against two key market sentiments: the Fed is “pivot” and “we’re in a recession.” Neil Kashkari, the president of the Federal Reserve Bank of Minneapolis, suggested on Friday in an interview with the New York Times … Read more
The numbers: A key measure of US inflation surged 1% in June, led by higher fuel prices, suggesting that price pressures in the economy remain acute and are unlikely to ease quickly. The rise in the so-called personal consumption expenditures price index has exceeded Wall Street forecasts. Economists had predicted a 0.9% increase. A narrower … Read more
Below is an excerpt from a recent issue of Bitcoin Pro Magazine, Bitcoin Magazine Premium market newsletter. To be among the first to get these insights and other online bitcoin market analysis straight to your inbox, follow now. On July 27, 2022, the Federal Reserve made another 75bp rate hike. This is widely expected to … Read more
Below is an excerpt from a recent issue of Bitcoin Pro Magazine, Bitcoin Magazine Premium market newsletter. To be among the first to get these insights and other online bitcoin market analysis straight to your inbox, follow now. On July 27, 2022, the Federal Reserve made another 75bp rate hike. This is widely expected to … Read more
Mortgage interest rates fell last week on fears that the US economy was entering a deepening recession. The 30-year fixed-rate mortgage was 5.30% for the week ended July 28, down from 5.54% the week before, Freddie Mac said. This is still significantly higher than this time last year when it was 2.80%. Rates rose sharply … Read more
Morgan Stanley is urging investors against pouring their money into stocks despite the market jump following the Fed’s decision. Mike Wilson, the company’s director of US equity strategy and chief investment officer, said he believes Wall Street’s excitement about the idea that rate hikes may slow down sooner than expected is too early and problematic. … Read more
Economist Nouriel Roubini, who accurately predicted the 2008 financial crisis, believes the US is headed for a deep recession and says those who think it will be mild are “delusional”. “There are many reasons why we will have to go through a severe recession, debt and severe financial crisis,” Roubini said. said on Bloomberg TV … Read more
Economist Nouriel Roubini, who accurately predicted the 2008 financial crisis, believes the US is headed for a deep recession and says those who think it will be mild are “delusional”. “There are many reasons why we will have to go through a severe recession, debt and severe financial crisis,” Roubini said. said on Bloomberg TV … Read more
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, July 13, 2022. Brendan McDermid | Reuters Here are the most important news items investors need to start their trading day. 1. Stocks headed to open higher Stock futures rise in pre-market trading as investors tap into the … Read more