Fed

After a week packed with economic updates, the most eagerly awaited report is slated for release this Friday at 8:30 a.m. ET. We’re talking about the Bureau of Labor Statistics’ August jobs report, which measures monthly changes in employment growth, unemployment rate, and pay dynamics...

Midday trading on Tuesday saw a rally in stocks as investors bet the Federal Reserve would hold off on raising interest rates amid the latest weaker-than-expected economic data.  The JOLTs report showed that in July there were 8.8 million job openings, down 338,000 from June and far lower than the...

Matrixport, a crypto service provider overseeing over $3 billion in assets, is out with its latest call on Bitcoin (CRYPTO: BTC) following its decline in August. The company sees potential in purchasing during this downturn but emphasizes the importance of a strict stop loss. On Aug. 15,...

If investors hoped that the recent Jackson Hole symposium would clarify the Fed’s direction on interest rates, it appears to have only added more ambiguity to the market. Fed Chair Jerome Powell‘s speech carried both hawkish and dovish undertones. He asserted the Fed’s...

In a day marked by a chorus of voices from the Federal Reserve at the prestigious Jackson Hole Symposium, a wide range of opinions echoed through the financial corridors. As Fed Chair Jerome Powell struck a more hawkish tone, indicating the readiness to further hike rates if circumstances dictate,...

FOMC member and Cleveland Fed President Loretta Mester echoed comments from Fed Chairman Jerome Powell that there is a long ways to go to improve inflation. Here’s a look at what Mester had to say about the current state of the economy and what’s ahead. What Happened: Mester, the...

Following Federal Reserve Chair Jerome Powell’s opening remarks at the Jackson Hole Symposium, Patrick Harker, president of the Federal Reserve Bank of Philadelphia, offered his perspective. Harker’s message took a more dovish turn compared to the board chairman’s stance, which...

Susan M. Collins, the President and CEO of the Federal Reserve Bank of Boston, acknowledged a “promising sign on inflation.” In an interview with Yahoo Finance, Collins shared her insights on the current state of inflation, the path forward for interest rates, and the challenges in the...

In an exclusive interview with the Wall Street Journal ahead of the Fed’s Jackson Hole annual economic symposium, former St. Louis Fed chief James Bullard spoke about the U.S. economy’s unexpected resilience and the potential for higher interest rates. Bullard, who recently assumed the...

Renowned economist Claudia Sahm recently shared her insights on the upcoming Jackson Hole symposium, emphasizing the significance of the neutral rate of interest and its implications for the Federal Reserve’s monetary policy. What Happened: Sahm, in a series of tweets, delved into the...

Economists and central bankers are preparing to gather at the Federal Reserve‘s scenic retreat in Jackson Hole, Wyoming. The symposium, which takes place from Aug. 24-26, will emphasize diversity in terms of region, background, and industry. This year’s theme, “Structural Shifts...

Investors are eagerly anticipating Wednesday’s 2:00 p.m. ET release of the minutes from the latest Federal Open Market Committee (FOMC) meeting held on July 25-26. At the July FOMC meeting, policymakers opted for a 0.25% rate hike, pushing rates to 5.25-5.5%, following a brief pause in June,...

The bond market’s anticipation of long-term U.S. inflation is nearing its highest level in over a year, suggesting that the Federal Reserve might grapple with high inflation rates for an extended period. As the market awaits the upcoming consumer price index figures, a pivotal long-term...

The Federal Reserve Board unveiled further details on Tuesday regarding its program to supervise novel activities in the banks it oversees. These encompass intricate, technology-driven collaborations with non-banking entities to offer banking services, as well as activities involving...

The July labor market report takes center stage this week. Investors and markets brace for significant economic releases that will influence future Federal Reserve rate decisions. Tuesday provided a glimpse at a decrease in the number of job vacancies throughout June. Wednesday’s ADP...