Fed’s Waller Supports 0.75-Percentage-Point Rate Hike in July

Governor Christopher Waller says the Fed took a significant step toward achieving its inflation goal when it raised its key interest rate by 0.75 percentage point on Wednesday. Photo: Bess Adler/Bloomberg News Federal Reserve governor Christopher Waller said that if the economy performs in line with his expectations, he would support raising interest rates by … Read more

Fed mulls ‘game changer’ to jolt inflation: Decision day guide

Federal Reserve Chair Jerome Powell, who’s carefully telegraphed interest rate hikes over four years, looks likely to abandon gradualism and move more forcefully to stamp out inflation along with growing concerns that it will persist. The Federal Open Market Committee is expected to raise rates 75 basis points by Wall Street firms including Goldman Sachs … Read more

US stocks end mostly lower as markets await Fed rate hike

New York: Wall Street stocks mostly fell Tuesday as markets awaited a key Federal Reserve decision and digested another report showing elevated inflation. Major indices had opened with modest gains but weakened thereafter as investors pondered the likelihood that the Fed would announce a 0.75-percentage-point interest rate increase on Wednesday instead of the telegraphed 0.5-percentage-point … Read more

Derby’s Take: Some Banks See a Need for a 75 Basis Point Rate Increase

While many banks think the Federal Reserve will hold off from a truly supersize rate rise on Wednesday, fearful of what such an unexpected action could do to markets and the broader economy, some believe the central bank may need to surprise with an aggressive move in the wake of bad inflation news. Investment banks … Read more

Economy Week Ahead: Fed, Other Central Banks in Focus

The Federal Reserve’s policy meeting highlights this week’s slate of economic news. Wednesday China’s economic activity showed some signs of recovery in May, albeit at a slow pace, as Beijing, Shanghai and other big cities continued to endure pandemic restrictions. Economists surveyed by The Wall Street Journal estimate that retail sales, a key gauge of … Read more

Here’s what you need to know about America’s super-hot inflation

The government reported Friday that consumer prices climbed 8.6% over the year through May, the fastest rate of increase in four decades. Americans are confronting more expensive food, fuel and housing, and some are grasping for answers about what is causing the price burst, how long it might last and what can be done to … Read more

Inflation data, US Fed meeting among six key factors that may guide markets this week

Indian equity markets registered losses in the last five trading days, logging their first weekly losses in a month as elevated crude oil prices and mounting concerns over global monetary policy tightening eroded risk appetite. The week gone by was a volatile one for stock markets as the Reserve Bank of India announced a 50-basis-point … Read more

The stock market’s biggest fear these days: Strong economic data

All of a sudden, the market’s back in “good-news-is-bad-news” mode. Any positive readings on the economy, particularly those on employment and inflation, can be interpreted as signals that the Federal Reserve will have to stay aggressive with its rate hiking regime. Anthony Saglimbene, global market strategist at Ameriprise Financial, joins this week’s “What Goes Up” … Read more

Wall St Week Ahead-Dashed peak inflation hopes spell more pain for stocks and bonds

Blistering inflation is threatening to reignite twin declines in U.S. stocks and bonds, leaving investors with few places to hide from a Federal Reserve that appears headed for its most aggressive policy tightening in decades. Friday gave a hint of what investors may see in coming weeks. The benchmark S&P 500 index fell nearly 3% … Read more

Summers sees signs Fed tightening is having impact on US economy

Former Treasury Secretary Lawrence Summers said evidence is starting to emerge that Federal Reserve actions are having an impact on the US economy, with some indications of a turn in labor demand and increased stockpiles of unsold items. “We’re seeing a little bit of indications that some firms are no longer reporting the kind of … Read more