interest rate

The non-farm payrolls report released last week revealed a robust addition of 303,000 jobs to the U.S. economy in March. However, Ark Investment Management founder Cathie Wood expressed concerns regarding two labor market trends highlighted by economists. Low-Quality...

Remarks from Federal Reserve officials alongside new economic data significantly shaped investor sentiment over the last week. The U.S. economy continues to demonstrate resilience, with the manufacturing sector returning to expansion after 16 months of contraction and the labor market adding 303,...

Editor’s note: This story has been corrected to fix a quote from Minneapolis Fed President Neel Kashkari that was misattributed to Chicago Fed President Austan Goolsbee. The Federal Reserve appears to be more concerned about inflation than previously anticipated, according to statements made...

Federal Reserve Chair Jerome Powell sounded hawkish on Wednesday, stating it wouldn’t be appropriate for the central bank to lower the policy rate until it has more confidence in inflation moving sustainably toward the 2% target. Despite Powell’s stance, Tom Lee, a bullish analyst at...

The first quarter of 2024 has turned out to be a blockbuster for most asset classes, and the strong performances have left investors worried about the sustainability of the uptrend. How long will the party last? What are the risks involved in investing in an overbought market? Benzinga collated...

Gold prices surged past $2,220 an ounce during Thursday’s New York trading session, achieving a new all-time high amid growing anticipation of coordinated interest rate reductions by major central banks. With an 8.5% increase in March 2024, this marks gold’s best monthly performance...

Federal Reserve Bank of Atlanta President Raphael Bostic has reportedly revised his forecast, anticipating only one interest-rate cut this year, likely occurring later than initially anticipated. The Atlanta Fed chief previously advocated for two rate cuts in 2024, suggesting the first cut might...

The February consumer price inflation report came in hotter than expected, but traders shrugged off the number and indulged in buying, anticipating that the central bank would lower the Fed funds rate this year. However, comments from economist and gold bull Peter Schiff on Tuesday tell...

Global stock markets, which have been on a record-breaking spree, may be on the verge of a correction, according to a leading research firm. What Happened: Ned Davis Research (NDR) has cautioned that the current market conditions could lead to a correction, reported Business Insider. While the firm...

Federal Reserve Chair Jerome Powell was cheered by the market on Wednesday for acknowledging the possibility of a Fed funds rate cut this year. Economist Mohamed El-Erian shared his views on the near-term direction of interest rates. What Happened: El-Erian stated in...

Bank of America has downgraded six players in the Commercial Real Estate (CRE) mortgage REIT sector, citing interest rate headwinds and weakening fundamentals that spell a “rocky road ahead” for the industry. Eric Dray, CFA, a research analyst at Bank of America, conveyed in a note to...

Wall Street exhaled a sigh of relief as the Federal Reserve’s favored gauge of inflation cooled as anticipated in January, quelling fears that an unexpected rise in the Consumer Price Index (CPI) might spill over into the Personal Consumption Expenditure (PCE) price index. At noon in New York...

Consumer and producer price inflation numbers for January came in hotter than expected, denting investor expectations for a Fed rate cut in the near term. Former Treasury Secretary Larry Summers on Friday weighed on the numbers and their implications for interest rates. Inflation Unlikely To Budge...

The January inflation report delivered an unsettling surprise to investors Tuesday, indicating that price pressures remain more tenacious than anticipated. Despite a slight decrease from December’s 3.4% figure to 3.1% year-on-year, inflation exceeded forecasts, challenging the Federal Reserve...

While the Biden administration celebrates victory over inflation and the Federal Reserve has begun to acknowledge inflation is downward trending, an economist on Thursday dismissed the notion more a wish than a reality. What Happened: Economist and gold bull Peter Schiff said the U.S. is heading...