Asian equities dipped on Thursday after Federal Reserve Chair Jerome Powell said he expected inflation to pickup meaningfully in the coming months. MSCI’s regional gauge of shares was down 0.3%, as markets in Japan and Australia opened lower. US equity futures fell about 0.3% after the S&P 500 Index closed steady in the previous session. … Read more
New York: A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair of the Federal Reserve: Treasury Secretary Scott Bessent. President Donald Trump said Friday he would name a successor “very soon” to replace Jerome Powell, whose term as Fed chair ends in May … Read more
With Jerome Powell ruling out a rescue mission this week and incurring the wrath of Donald Trump, Wall Street is desperate for a lifeline as tariff-lashed markets slide anew. How desperate? Just look at the all-out plunge this year in returns that has taken hold across investment strategies that ride everything from US stocks big … Read more
U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, U.S. Federal Reserve Chair Jerome Powell said on Wednesday. “Despite heightened uncertainty and downside risks, the U.S. economy is still in a solid position,” … Read more
President Donald Trump may have found a way to force the Federal Reserve to lower interest rates after all.It’s no secret that Trump wants lower rates. He also wants more say in monetary policy, even though he already has the power to name the Fed chair and two vice chairs, subject to Senate confirmation. It … Read more
Bond yields in Asia climbed after Federal Reserve Chair Jerome Powell signaled patience before cutting interest rates further and as investors look ahead to the upcoming CPI data. Treasuries fell across the curve on Tuesday, with money markets still fully pricing in one rate cut by the Fed this year. Australia’s 10-year yield rose six … Read more
U.S. central bankers lopped half of a percentage point from their interest rate target in September. Federal Reserve Chair Jerome Powell said the bigger-than-expected reduction was a sign of confidence that inflation is headed back to the 2% target and should not be seen as any indication of the pace of cuts going forward. Here … Read more
Federal Reserve Board Chairman Jerome Powell. File | Photo Credit: AP Federal Reserve Chair Jerome Powell signalled Monday that more interest rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy. Wall Street investors and economists are weighing whether the Fed will follow its larger-than-usual half-point … Read more
Washington, Jul 10, 2024 -The US central bank will not want to wait for inflation to cool to its two percent target before considering a rate cut, Federal Reserve Chair Jerome Powell told lawmakers Wednesday. “We’ve said that you don’t want to wait until inflation gets all the way down to two percent, because inflation … Read more
Inflation “remains above” the U.S. Federal Reserve’s 2% target, but has been improving in recent months and “more good data would strengthen” the case for central bank interest rate cuts, Fed Chair Jerome Powell said on Tuesday in congressional testimony. In comments that appeared to show increasing faith that inflation will return to the Fed’s … Read more