-
U.S. Inflation Drop Paves Way For Federal Reserve Rate Cuts: Will Cannabis Stocks Benefit?
Friday, July 12, 2024 - 11:54am | 758The recent drop in U.S. inflation has sparked discussions about potential interest rate cuts by the U.S. Federal Reserve Bank. As inflation cools, investors are reconsidering their portfolios, with cannabis stocks emerging as a potential opportunity. Cooling Inflation Trends Inflation in the U...
-
Peter Schiff Blasts Jerome Powell For Not Seeing The 'Stag' In Stagflation: 'Same Type Of Blindness' That Lead To 'Inflation Is Transitory' Misstatements
Wednesday, May 1, 2024 - 9:48pm | 673Renowned economist Peter Schiff has expressed skepticism over Federal Reserve Chair Jerome Powell’s dismissal of stagflation concerns. What Happened: In a post on X, formerly Twitter, on Wednesday, Schiff criticized Powell’s inability to recognize the signs of stagflation. He compared...
-
Peter Schiff Slams Federal Reserve, Jerome Powell For Double Standards On Inflation
Wednesday, January 31, 2024 - 9:38pm | 678Economist Peter Schiff slammed Federal Reserve Chair Jerome Powell’s recent comments about the central bank’s inflation policy, pointing out a perceived inconsistency in the application. What Happened: Schiff took to X, formerly Twitter, to express his views on the Fed’s inflation...
-
Stark Differences In Rate Cut Predictions Between Morgan Stanley And Goldman Sachs: Report
Sunday, November 12, 2023 - 9:04pm | 607The predictions for Federal Reserve interest rate cuts are starkly different between Morgan Stanley and Goldman Sachs Group. While Morgan Stanley economists forecast deeper cuts due to slowing inflation, Goldman Sachs predictions are more in sync with the Federal Reserve’s own estimates. What...
-
Fed's Kashkari Warns Against Early Celebrations In Inflation War: 'Under-Tightening Will Not Get Us Back To 2% In Reasonable Time'
Monday, November 6, 2023 - 8:58pm | 639The President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, cautions that it is too soon to declare victory over inflation, despite encouraging signs of easing price pressures. What Happened: Kashkari emphasized the importance of additional data to confirm the successful management of...
-
New Data Shows Weed Legalization A Boon For Real Estate, New Jobs And Tax Revenue
Tuesday, October 11, 2022 - 1:27pm | 541A new report from the Federal Reserve Bank shed light on the economic impact marijuana legalization has had in recent years, reported Marijuana Moment. Policy changes on the state level have resulted in increased commercial real estate demand, as well as a surge in tax revenues while...
-
Former Treasury Secretary Larry Summers Vs. Janet Yellen: Is A Recession Inevitable?
Monday, July 25, 2022 - 4:12pm | 496Many economists, notable investors, CEOs, and media outlets have been trying to predict the course of the U.S. economy, however, former U.S. Secretary of the Treasury Larry Summers has been accurate when speaking on surging inflation and supply-chain issues. What Happened: According to a Sunday CNN...
-
EUR/USD Remains Depressed Near 1.1060, Powell Eyed
Friday, August 23, 2019 - 9:49am | 432EUR/USD navigates near weekly lows around the 1.1060 region. The Greenback stays bid and weighs on the pair. Fed’s Powell speaks at Jackson Hole later in the day. The sentiment around the European currency remains bearish although EUR/USD has so far managed well to hold on above the 1.1060...
-
Calm Before Storm? Powell Friday Speech Awaited After Brief Yield Curve Inversion
Thursday, August 22, 2019 - 10:00am | 2089Despite the Fed’s Jackson Hole summit starting today and a brief yield curve inversion late yesterday, things seem relatively quiet from a market perspective this morning That could change quickly, as we know, but for the moment, it might feel refreshing to have a pause from all the fireworks...
-
What To Watch In August: Retail Earnings, IPOs, Fed Moves
Wednesday, July 31, 2019 - 9:56am | 1406In many countries, August is a sleepy month where people leave town for vacation. Some U.S. investors might be traveling, too. But anyone who escapes to the mountains this August might miss the market’s reaction to events ranging from an anticipated Fed rate cut to Apple Inc (NASDAQ:...
-
June Trading Opens With Tariff Tensions, Expectations For Fed Speakers, Jobs Data
Monday, June 3, 2019 - 10:17am | 1265With a bevy of Fed speakers on tap and jobs data scheduled, this week could give market participants something to focus on other than tariffs, but for the moment trade concerns remain center stage as the first trading session of June gets under way. China fired the latest rhetoric volley, saying...
-
Three Fed Scenarios For The Crucial Dot-Plot
Thursday, March 14, 2019 - 10:01am | 985The Fed decision is centered on the dot-plot after the Fed pledged patience. Announcements about the balance sheet, a reaction to jobs, and inflation are also of interest. The US Dollar is set to move quite a bit, except against one currency. The Federal Reserve announces its decision on...
-
Prospects Look Promising, But One Thing Can Ruin The EUR/USD Rally
Wednesday, February 27, 2019 - 11:08am | 654EUR/USD consolidates the gains seen on Tuesday after Powell's testimony and a potential Brexit delay. Another appearance by the Fed Chair stands out, but geopolitics should also be eyed. The technical picture is bullish for the pair. EUR/USD is trading close to 1.1385, holding onto the double...
-
EUR/USD Forecast: 3 Reasons To Rise, But Still A Lot Of Gravity
Wednesday, February 13, 2019 - 11:46am | 779EUR/USD is consolidating its recovery above 1.1300 on an improving market mood. There are three reasons for the rise, but also things to watch out for. The four-hour chart is balanced after the pair emerged from oversold conditions. EUR/USD is trading above 1.1300, balanced after recovering from...
-
USD/CAD Forecast: Canadian Data Curbs CAD's Enthusiasm, GDP Eyed
Friday, January 25, 2019 - 11:15am | 898USD/CAD advanced on weak Canadian data, as oil failed to advance. Canadian GDP stands in a week dominated by the Fed. The technical picture is mixed for the pair. This Was The Week: Weak Data All Around The Canadian Dollar was on the back foot as data missed expected. Manufacturing Shipments fell...