Fed’s James Bullard expresses confidence that financial system can obtain a ‘delicate touchdown’

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

Fed officers are pushing again on market rally and recession discuss

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

US inflation rebounds and stays at 40-year excessive, key value gauge reveals

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

Bitcoin Worth Strikes Increased As Fed Raises Charges – Bitcoin Journal

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

Bitcoin Value Strikes Larger As Fed Raises Charges – Bitcoin Journal

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 charges fall as issues about US economic system emerge

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

Market spike after Fed hike is ‘lure’, Morgan Stanley warns buyers

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 calls predictions of a shallow recession ‘phantasm’

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 calls predictions of a shallow recession ‘phantasm’

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

5 issues to know earlier than the inventory market opens on Friday, July 15

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