Powell

Florida Governor and GOP presidential candidate Ron DeSantis unveiled a 10-point plan that he claims will reshape the American economy. What Happened: DeSantis’ strategy focuses on wresting economic control from China by ending its preferential trade status, banning imports of goods made...

At the upcoming Federal Open Market Committee (FOMC) meeting on Wednesday, the Federal Reserve is poised to increase the fed funds rate by 25 basis points, pushing borrowing costs to 5.25-5.5%, the highest since February 2001. While the market shows strong conviction in this rate hike, economists...

Investors are on standby for the Federal Open Market Committee (FOMC) meeting’s interest rate decision, due to be announced on Wednesday, July 26, at 2:00 p.m. ET. While the market has already fully priced in a 25-basis-point rate hike to a target range of 5.25%-5.5%, the Fed’s...

Investors are eagerly anticipating the release of the Federal Open Market Committee (FOMC) meeting minutes for June, scheduled for Wednesday, July 5, following the Independence Day holiday. This important report is seen as a key source of information on the Federal Reserve officials’...

In a stunning day for the U.S. stock market characterized by Apple Inc‘s (NASDAQ:AAPL) surge back to a $3 trillion market cap, the Nasdaq 100 Index marks a triumphant journey, putting it on track to finish the quarter with a remarkable 39% gain. This half-year performance is the second-best...

New economic data, released on Thursday, point to continued labor strength and stronger-than-expected economic growth last quarter.Weekly unemployment benefits fell more than expected, from 265,000 to 239,000, well below the consensus figure of 265,000 and indicating a persistent trend of...

The four major global central bankers — Fed Chair Jerome Powell, European Central Bank Governor Christine Lagarde, Bank of England Governor Andrew Bailey, and Bank of Japan Governor Kazuo Ueda – convened in Sintra, Portugal, for the ECB Forum on Wednesday. While the BoJ’s Ueda stuck to his...

The U.S. stock market began on Tuesday (June 20) to show the first signs of a reversal from the impressive surge that began in early May as investors worry about the future path of monetary policy ahead of impending Federal Reserve Chair Jerome Powell’s testimony before the U.S. Congress. A...

The majority of economists polled by Bloomberg predict the Federal Reserve will end its 15-month streak of interest rate increases in June and leave rates unchanged at 5%-5.25% until December 2023. This prediction is consistent with current market sentiment, as investors are pricing in an 80%...

Nobel Prize-winning economist Paul Krugman claimed that issuing premium bonds or minting a $1 trillion platinum coin will break the impasse in raising the U.S. Treasury's debt ceiling.  Krugman stated in a tweet that there are four different ways that the debt...

The Federal Reserve hiked interest rates by 25 basis points to a range of 5%-5.25%, as widely anticipated by the market, pushing borrowing costs to the highest level since September 2007. The U.S. central bank also hinted it might be done with the tightening cycle by eliminating a...

Uh. Can I say 'Uh' on something? Today's Wednesday, right? Last Monday ahead of Tuesday Powell was at a 25bp hike. But at Congress, Tuesday he was hinting to 50bp. This Monday he was back at 0bp and Tuesday back at 25bp and today, Wednesday again, back at 0bp. I'm sorry but are you...