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Grant Cardone Says Jerome Powell Has Done 'More Damage' To American Middle Class Than 'Any Other Single Fed,' Blames Fed For 'Housing Crisis'
Monday, June 9, 2025 - 9:07am | 523Grant Cardone, the CEO of Cardone Capital, accused Federal Reserve Chairman Jerome Powell of causing the country’s “housing crisis.” Cardone argued that Powell’s policies have significantly impacted the housing market. What Happened: Cardone, in an...
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Why Wharton's Jeremy Siegel Thinks Jerome Powell Has 'Sort Of Made Up His Mind' On A Pause In June
Sunday, June 4, 2023 - 4:51pm | 523As economists drum up warnings of a recession, one has suggested a way out of the predicament and offered his take on the rate outlook. What Happened: The market has loved the talk around a pause or a skip and has rallied in response, said Wharton Professor Jeremy Siegel in an interview with CNBC...
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Nasdaq, S&P 500 Futures Flatline Ahead Of Housing, Consumer Data: Analyst Pins Hopes On Dollar, Fed Rates To Keep Flickering Rally Hopes Alive
Tuesday, February 28, 2023 - 7:45am | 1405Trading in the U.S. index futures suggests stocks may start Tuesday’s session slightly higher, although the mood could be cautious ahead of some key economic data on the housing market, business activity and consumer confidence. Cues From Monday’s Trading: U.S. stocks, which saw...
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Nasdaq, S&P 500 Futures Indicate Weak Opening For Wall Street: Benefit Of Lowering Recession Risk Comes With Sticky Inflation Threat, Says Economist
Friday, February 17, 2023 - 7:22am | 918Index futures indicate U.S. markets are on track for a weak opening in continuation of Thursday's decline after hawkish comments from Federal Reserve officials and a higher than expected producers' price index hurt investor sentiments. Investors and traders will be keenly watching out for Federal...
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US Stocks' Resilience Faces Test As Traders Await Flurry Of Economic Data: Fed May 'Surprise To The Upside' On Rates Again In 2023, Says Analyst
Thursday, February 16, 2023 - 7:30am | 1519The resilient market faces another test on Thursday, as traders get to digest another set of economic data and a few Fed speeches. The index futures pointed to a cautious start on Thursday. Cues From Wednesday’s Trading: U.S. stocks closed Wednesday’s session higher, encouraged by a...
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Nasdaq, S&P 500 Futures Narrowly Mixed Ahead Of Friday's Jobs Data: Analyst Sees Fed Retaining 'Rate-Raising Bias' If Number Remains Strong
Friday, January 6, 2023 - 7:03am | 1179U.S. stocks look set for another nervous start on Friday, as the index futures traded narrowly mixed. The mood reflects the apprehensions of traders as they look forward to each piece of incoming economic evidence to draw cues on the Fed rate outlook. What Happened: On Thursday, the major averages...
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What A Difference: Year's Last Fed Meeting Ends Today With Rates Not Seen Changing
Wednesday, December 11, 2019 - 10:49am | 2396It was almost a year ago when a Fed meeting helped send stock indices plunging into bear or near-bear territory. The Fed’s decision back then to raise rates for a fourth time in 2018 put new interest rate fear into an already shaky market. By Christmas Eve, the S&P 500 Index (SPX) was...
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Implications Of Fed Rate Cut For Carriers And Shippers
Thursday, August 1, 2019 - 2:48pm | 1302Yesterday, Federal Reserve officials decided to add some additional stimulus into the economy, settling on a 25 basis point reduction in the federal funds rate at the conclusion of the July 30-31 Federal Open Market Committee (FOMC) meeting. This marks the first reduction in interest rates since...
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Thursday's Market Minute: What To Watch For Today
Thursday, June 13, 2019 - 9:29am | 306In the background of the volatility the past 15 months, one great shift in the stock market has gone overlooked, or at least underappreciated. Since Jan. 26, 2018 – the highest-valuation high of the bull market thus far – high-beta companies have underperformed both the S&P 500 as...
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Bill Gross Says Friday's Jobs Report Isn't 'Hunky-Dory'
Friday, July 8, 2016 - 2:16pm | 248Bill Gross, the notable bond investor, thinks Friday's U.S. jobs report isn't as "hunky-dory" as it may seem. Speaking to Bloomberg Television on Friday, Gross noted that while Friday's job report showed that employers added 287,000 jobs, the jobless rate also rose one-fifth of a percentage point...
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Asian, European Stocks Mostly Lower Amid U.S. Interest Rate Concerns
Thursday, May 19, 2016 - 7:06am | 346Global equities were mostly lower on Thursday after the U.S. Federal Reserve's minutes from its April meeting point to a potential interest rate hike as soon as June. Higher interest rates in the U.S. could result in global investors pulling money out of riskier assets, particularly in...
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Deutsche Bank Defends Fed, Says Rate Hike Is Not A Mistake
Thursday, December 10, 2015 - 9:14am | 410According to a research report by analysts at Deutsche Bank, there is now a "broad-based consensus" that the Fed will "take the plunge" and raise rates in December. The analysts noted that the U.S. economy is strong enough to withstand higher rates. The analysts added the Fed will gradually...
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EXCLUSIVE: Mohamed El-Erian Says Fed Signals 'Greater Comfort' With Potential December Hike
Wednesday, November 18, 2015 - 4:20pm | 498Minutes from the Federal Reserve's October meeting suggested that "some participants" felt that the conditions for policy normalization process had already been met. The minutes added that "most participants" anticipated conditions could "well be met" by December to justify a rate hike. Speaking...
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JPMorgan Trimming Bank Exposure, Downgrades Comerica
Tuesday, October 6, 2015 - 1:46pm | 822Steven Alexopoulos of JPMorgan commented in a note that the Fed's recent meeting demonstrated a "very dovish tone." Alexopoulos suggested investors trim exposure to banking stocks, especially asset sensitive firms. Alexopoulos downgraded shares of Comerica Incorporated (NYSE: CMA) to Neutral from...
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Deutsche Bank: 3 Ways To Buy The Banking Dip
Tuesday, September 8, 2015 - 3:23pm | 478Matt O'Connor of Deutsche Bank offered investors three names within the U.S. banking space to invest in following the recent pullback in bank stocks. O'Connor noted that bank stocks are down 13 percent since their highs in late July and have underperformed the 9 percent decline in the S&P 500...