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Trump Eyes Jamie Dimon For Treasury Secretary, Rules Out Ousting Fed Chair Jerome Powell
Tuesday, July 16, 2024 - 9:04pm | 547In a recent development, former President Donald Trump has expressed his consideration of JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon for the Treasury Secretary position if he emerges victorious in the forthcoming November 5 election. Furthermore, Trump has assured that he will not seek to...
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Market's Higher Neutral Rate Expectations May Challenge Bond ETFs
Monday, June 24, 2024 - 12:16pm | 542Markets are expecting the neutral rate — a theoretical rate that remains stable due to full employment and stable inflation — to stay higher than policymakers are forecasting. What does this mean for bond exchange-traded funds? A higher neutral rate may limit the Federal Reserve’s...
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Disinflation Hopes Reshape Treasury Yields' Major Trend: 5 Bond ETFs Poised To Rally On Fed Rate Cuts
Thursday, May 16, 2024 - 1:55pm | 972A major trend shift is unfolding in the bond market, as key Treasury yields are currently testing the support of the crucial 200-day moving average, following the release of benign economic data that has cemented investor bets on Federal Reserve rate cuts. Last month, the inflation rate calculated...
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Everything From Biden's Capital Gains Tax Proposal, Fed's Inflation Indicator To US Economy Growth And Goldman Sachs' Inflation Decline Prediction: Top Economic Updates This Week
Sunday, April 28, 2024 - 8:27am | 740As the weekend comes to a close, let’s take a look at the top stories that shaped the week. From a former senator’s skepticism about President Joe Biden’s tax proposal to the Fed’s inflation indicator, here’s a quick recap of the key events that unfolded. Former...
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Yellen Warns China: Hands Off Russia's War Efforts In Ukraine Or Face 'Significant Consequences'
Saturday, April 6, 2024 - 2:14pm | 529The U.S. has warned of “significant consequences” if Chinese firms aid Moscow’s war on Ukraine, marking one of its sternest messages to Beijing. Following discussions in Guangzhou on Friday and Saturday, the U.S. Treasury Secretary, Janet Yellen, “emphasized that companies,...
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'This Won't End Well:' Elon Musk Reacts After Chamath Palihapitiya Calls Out Treasury, Fed For 'Huge Fiscal And Monetary Failure Of Action'
Wednesday, November 1, 2023 - 4:22am | 635The U.S. Treasury revealed on Monday its plan to borrow $1.592 trillion from the private debt market through the end of the March quarter, following a $1.01 trillion borrowing in the September quarter. On Tuesday, prominent “SPAC king” Chamath Palihapitiya criticized...
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Treasury Bills At 5% Yield: Retail Investors Jump On The Risk-Free Bandwagon
Tuesday, September 12, 2023 - 9:12am | 630Treasury bills, those often-overlooked short-term securities, are back with a bang. Treasury yields are surpassing the 5% mark for maturities spanning from one month to two years. This resurgence is enticing investors to shift their funds from stagnant bank accounts and into the world of cash-like...
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US Treasury Yields Hit Highest In Over 10 Years: Ackman Scores Early Win Over Buffett
Thursday, August 17, 2023 - 12:06pm | 782U.S. long-term Treasury yields have soared to their highest levels in more than 10 years, unsettling investors as these traditionally “risk-free” rates continue to climb. The 10-year Treasury note’s yield reached 4.30% during the Aug. 17 session, nearing the October 2022 highs of...
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Federal Deficit Widens 170% From 2022, Setting The Stage For Political Rumble
Thursday, July 13, 2023 - 4:13pm | 508The cost of managing U.S. government debt has seen a significant rise of 25% in the first nine months of the fiscal year, hitting $652 billion and consequently exacerbating the federal deficit. The federal deficit reached a staggering $1.39 trillion for the nine months through June, according to...
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Treasury Targets Al Qai'da In Iraq
Friday, March 26, 2010 - 10:40am | 538Treasury Targets Al Qai'da In Iraq WASHINGTON – The U.S. Department of the Treasury today targeted the support network of al-Qai'da in Iraq (AQI) by designating Muthanna Harith al-Dari for providing financial, material, or technological support and financial or other services to or in support of...