interest rate

Two Federal Reserve presidents, traditionally opposed in their respective stances, seem to agree on at least one matter concerning the future direction of monetary policy. Austan Goolsbee, President of the Chicago Federal Reserve, leans toward the so-called “doves.” Neel Kashkari,...

Investors eagerly await the release of the Personal Consumption Expenditure (PCE) price index report this Friday at 8:30 a.m. EDT. Also known as the Fed’s favored inflation metric, the PCE price index data holds significant importance in assessing broader price pressures felt by U.S....

Real estate stocks slid at Wednesday’s market open, weighed down by the latest disappointing data on housing starts and a spike in mortgage rates, darkening the outlook for the sector. By 9:00 a.m. EST, the Real Estate Select Sector SPDR Fund (NYSE:XLRE) had dropped by 0.3%. This marked its...

Federal Reserve Chair Jerome Powell stated on Tuesday that a prolonged period of restrictive monetary policy may be necessary, refraining from offering explicit guidance on a rate-cutting strategy. Economists interpreted this as a clear indication that the central bank is...

Fed Chair Jerome Powell stated Tuesday that progress towards the 2% inflation target has recently stalled, prompting the Federal Reserve to prefer holding rates and delaying policy easing to a more appropriate time in the future. Powell acknowledged that the U.S. economy has been notably robust...

U.S. Treasury yields have reached their highest levels since mid-November 2023, driven by a mix of economic resilience, persistent fiscal spending and resuming inflationary pressures. These factors are steering the market’s expectations away from earlier predictions of imminent Federal...

U.S. retail sales surprisingly surged well above economic forecasts last month, spiking to a 4% annual growth and highlighting the resilience of American consumers despite increasing inflationary pressures. On monthly basis, retail sales grew 0.7%, softening from the 0.9% pace in February but well...

Volatility stormed back into the markets, shaking things up in a week where inflation defiantly outstripped estimates for the third straight month in March, leading investors to substantially slash their expectations for Federal Reserve interest rate cuts. Geopolitical tensions in the Middle East...

Five prominent U.S. financial institutions unveiled their first-quarter financial performance on Friday, surpassing consensus forecasts for both earnings and revenue, highlighting the favorable climate for banks amid heightened interest rates and a robust economy. Here’s a summary of the...

The March inflation report came in hotter than expected, stirring concerns among market participants and one section of the economists. Former Treasury Secretary Larry Summers, who is in “Team Persistent” when it comes to inflation, on Wednesday warned of the pitfalls of ignoring...

Minutes from the latest Federal Open Market Committee (FOMC) meeting in March underscore escalating uncertainties regarding the future of inflation among various Fed members, intensifying concerns about interest rates on a day marked by another unforeseen uptick in the consumer price index. March...

Investors’ eyes are eagerly fixed on the March inflation data set to be released by the Bureau of Labor Statistics on Wednesday. According to the consensus among economists, the annual Consumer Price Index (CPI) inflation rate for March is expected to rise to 3.4%, up from the previous 3.2%,...

Lindsey Bell, a prominent financial analyst, has cast doubt on Jamie Dimon‘s track record with interest rate forecasts, referencing past predictions. What Happened: CNBC’s “Last Call” on Monday, Bell questioned the accuracy of Dimon’s past interest rate predictions....

This week’s market spotlight is squarely fixed on the eagerly awaited Consumer Price Index (CPI) report for March, scheduled for release on Wednesday at 8:30 a.m. EST. Following two consecutive months of higher-than-expected inflation reports, which have tempered market expectations for...

As investors remain vigilant about the recent inflationary pressures and their implications for Federal Reserve policy, Goldman Sachs offered a soothing perspective on the future of the U.S. economy. Economist David Mericle, spearheading this optimistic forecast, predicts a robust economic upturn...