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Fed Prices Eggs With Bitcoin To Show Instability Against US Dollar
Tuesday, June 7, 2022 - 7:48am | 745The U.S. Federal Reserve published a blog pricing eggs with Bitcoin (CRYPTO: BTC) to demonstrate the 14-month volatility of the leading digital asset against the U.S. dollar. However, the crypto community was quick to poke holes in the Fed’s assumptions and the manner in which it...
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Elon Musk's Sanders Dig And Dogecoin Support, Apple Patent, Fed Rate Hike Prediction, Bitcoin Taproot Upgrade: 5 Headlines You May Have Missed From The Weekend
Monday, November 15, 2021 - 7:42am | 692Heading into a new trading week, here is a quick roundup of the top five stories from the technology, corporate and cryptocurrency sectors that investors would not want to miss out on from the weekend. 1. Elon Musk’s Dig At Bernie Sanders: Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk has taken a...
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Why Fed's Barkin Is Bullish On 2021 US Recovery and Sees Inflation Worries As Manageable
Monday, March 22, 2021 - 4:28am | 436Federal Reserve Bank of Richmond’s President Thomas Barkin on Sunday said the U.S. economy is on course for a strong 2021 as the pandemic recedes and dismissed fears of unwanted inflation despite price pressures. What Happened: Speaking to Bloomberg on Sunday evening, Barkin said 2021 will be...
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REITs Rejoice On Fed Remarks: Were These Top Gainers Driven By News?
Thursday, March 19, 2015 - 3:07pm | 1210While a rising tide usually helps to raise all ships, conversely, sharp rises in short-term interest rates tend to sink shares in the REIT sector. However, after Mr. Market finished parsing the latest Fed pronouncement by Chairman Janet Yellen, REIT investors were thrilled to see that there...
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Barclays Capital's Barry Knapp Sees Tapering Happening Soon
Monday, September 9, 2013 - 12:40pm | 394Barry Knapp, managing director at Barclays (NYSE: BCS) Capital, believes that the Federal Reserve will be cutting back their accommodative bond-buying (tapering) even though August's jobs report was on the lower side. He talked about this view on CNBC's Squawk Box Monday morning. "I think the...
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Steve Bartlett: Dodd-Frank Act, More Laborious than the Panama Canal
Wednesday, March 14, 2012 - 7:41am | 312Steve Bartlett sees the Fed Stress test as an all-around success, showing that the nations biggest banks are far better capitalized, and with much less risk than three years ago. However, while the Dodd Frank Act has brought forth some needed reform, it also contains some excesses that will need...
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Lawrence Meyer: Today's Fed Meeting, Boring and Anticipated
Tuesday, March 13, 2012 - 8:28am | 178Former Federal Reserve governor Lawrence Meyer thinks today's Fed meeting will have nothing of value to offer where the market interest is the highest: policy. "The Fed will have to be cautious about upgrading. It will have to acklowledge that the labor markets have improved. It will have to...
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Will the Fed Keep Rates Low till 2014?
Wednesday, February 29, 2012 - 10:59am | 234Federal Reserve Chairman Ben Bernanke heads back to Capitol Hill this AM amid a bullish market that saw indices regain a lot of lost ground since the crisis began in 2008. The chairman is likely to face a wide array of questions, from concerns over the overly accommodating monetary policy to that...
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Will Friday's Jobs Beat Set Up Disappointment For Next Month?
Friday, February 3, 2012 - 4:03pm | 530Investors were energized this morning on a jobs report that blew consensus estimates out of the water. Markets had braced for potentially bad news on expectation of employment corrections on the heels of the holiday season - and the temporary jobs it was thought to have brought. Will the stronger...
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Consumer Confidence Sees Abrupt Decline in January
Tuesday, January 31, 2012 - 3:24pm | 475Hopes of a sustained growth to the US economy cooled somewhat as consumer confidence showed an abrupt decline this morning. Instead of a 68.0 reading predicted by FactSet-surveyed economicts, the Conference Board showed the Consumer Confidence Index standing at 61.1. The index is based on a base...
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$60 SLV and SIVR in 2012?
Friday, January 27, 2012 - 2:34pm | 1303If you own iShares Silver Trust (NYSE: SLV) or ETFS Silver Trust (NYSE: SIVR), or have thought about investing in SLV or SIVR, Federal Reserve chairman Ben Bernanke made two important announcements during a press conference Wednesday that should boost your confidence in the volatile ETFs. 1....
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How to Fix a Sucky Economy in Ten Minutes
Wednesday, August 17, 2011 - 11:46am | 1204By now, it should be clear to everyone that the economy needs another boost. Growth is flat, unemployment is high, and the economy overall just sucks. That's actually the technical term, believe it or not. "The Economy Sucks" is defined as "the period that sure feels like a recession, but isn't...
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Bernanke to Bring Greed Back To the Markets
Tuesday, August 9, 2011 - 8:35am | 500Forget greed. Fear and survival instincts control Wall Street and world markets at the moment. Markets have gone over a waterfall and have sent investors tumbling down, wiping out gains from the past year. Investors keep waiting for the splash but it hasn't come yet. And it won't come until greed...
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Bernanke to Bring Greed Back To the Markets
Tuesday, August 9, 2011 - 8:34am | 500Forget greed. Fear and survival instincts control Wall Street and world markets at the moment. Markets have gone over a waterfall and have sent investors tumbling down, wiping out gains from the past year. Investors keep waiting for the splash but it hasn't come yet. And it won't come until greed...
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How Bad is the Inflation Rate in America? [INFOGRAPHIC]
Thursday, June 23, 2011 - 5:14pm | 374Everyday, it seems as though people are worrying about the inflation rate. A recent rise in the rate of core inflation has left some in the U.S. fretting. Increases in the prices of gasoline and food may have hit the wallets of U.S. consumers hard. Yet, comparatively speaking, the current rate of...