Fed Raises Rates A Quarter Point Expects Ongoing Increases
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Stocks, bonds slump as traders shift Fed rate-cut expectations to September
Markets were rattled Wednesday by a stronger-than-expected inflation report, with stocks and bonds selling off as investors questioned whether the latest data will keep the Federal Reserve from cutting interest rates at all this year.MarketWatch - Business - Federal Reserve -
The WSJ Dollar Index Rises 0.2% to 100.44
The WSJ Dollar Index was up 0.2% to 100.44 — higher for four consecutive trading days.The Wall Street Journal - World -
Dollar Slightly Higher After Powell Comments
The dollar was slightly higher after Fed Chair Jerome Powell kept a hawkish tone.The Wall Street Journal - World -
Fed Chair Jerome Powell Dials Back Expectations on Interest-Rate Cuts
Federal Reserve Chair Jerome Powell said firm inflation had introduced new uncertainty over whether the central bank would be able to lower rates this year.The Wall Street Journal - World - Federal Reserve -
This is why investors shrugged off Powell’s ‘reset’ of Fed rate-cut expectations
Investors largely took Federal Reserve Chair Jerome Powell’s comments on the outlook for interest rates in stride on Tuesday — a development that might have come as a surprise to some market watchers.MarketWatch - Business - Federal Reserve -
Comex Gold Settles Lower, Silver Rises
Gold settled 0.8% lower, snapping a four-session winning streak, and silver rose 0.1%, up 14 of the past 15 sessions.The Wall Street Journal - World -
Small-cap stocks ‘challenged’ as inflation pushes out Fed rate-cut expectations, warns BofA
U.S. small-cap stocks are “challenged” as Wall Street pushes out expectations for when the Federal Reserve may begin lowering interest rates due to concerns over persistent inflation, according to BofA Global Research.MarketWatch - Business - Federal Reserve -
Firm inflation during the first quarter has called into question whether the Fed will be able to lower interest rates this year without signs of an unexpected economic slowdown, Powell said.
Firm inflation during the first quarter has called into question whether the Fed will be able to lower interest rates this year without signs of an unexpected economic slowdown, Powell said.The Wall Street Journal - World - Federal Reserve -
The biggest U.S. banks reported stronger-than-expected first-quarter earnings, but results were tempered by rising pressure from interest rates, which squeezed profit margins.
The biggest U.S. banks reported stronger-than-expected first-quarter earnings, but results were tempered by rising pressure from interest rates, which squeezed profit margins.The Wall Street Journal - World -
Stubborn inflation pressures persisted in March, derailing the case for the Fed to begin reducing interest rates in June and raising questions over whether it can deliver cuts this year without signs of an economic slowdown.
Stubborn inflation pressures persisted in March, derailing the case for the Fed to begin reducing interest rates in June and raising questions over whether it can deliver cuts this year without signs of an economic slowdown.The Wall Street Journal - World -
Could the ECB cut rates before the Fed?
Consumer prices edge tantalisingly close to target in eurozone but exceed forecasts in USFinancial Times - Business -
The ECB Could Beat the Fed to Rate Cuts
Doubts about how soon the Federal Reserve may cut interest rates have investors considering an unusual scenario: The European Central Bank may beat Washington to the policy-easing punch.The Wall Street Journal - World - Federal Reserve -
Fed Rate Cuts Are Now a Matter of If, Not Just When
U.S. central bank officials started the year with the wind seemingly at their backs. No more.The Wall Street Journal - World - Federal Reserve -
Are the odds of Fed interest rate cuts headed for zero?
Investors should consider whether the clock is running out for the Fed to ease policy this year.The Hill - Politics - Federal Reserve -
The Odds for a Summertime Fed Rate Cut Are Dwindling
Hotter-than-expected inflation has upended bets on when the Fed will start lowering interest rates, and could complicate President Biden’s re-election bid.The New York Times - Business - Federal Reserve -
China's Factories Drive Uneven Economic Recovery
The world’s second-largest economy grew 5.3% to start the year, but there were familiar signs of weakness in consumption and real estate.The Wall Street Journal - World - China -
Chinese economy beats growth expectations in first quarter
Yahoo News - World - China -
CSX says Baltimore port closures will cost it up to $30 million in monthly sales following bridge collapse
CSX shares were up in extended trading Wednesday after the railroad operator reported better-than-expected first-quarter profits.MarketWatch - Business -
Florida Democratic Party raises $1.3M in first quarter
Florida’s Democratic Party said Tuesday that it raised $1.3 million in the first quarter of 2024, according to a release first seen by The Hill. The state party said it received 5,271 contributions in the first quarter, prior to the Florida ...The Hill - Politics - Florida -
What to Know About the Rate Increases for Drilling on Public Lands
The fossil fuel industry says higher rates will harm the economy. The administration says they will pay for the environmental costs of drilling and mining.The New York Times - Top stories -
JPMorgan Chase, Wells Fargo and Citigroup all reported better-than-expected first quarter profits and revenues but warned that their core lending incomes would be muted this year as higher interest rates force them to pay up for deposits.
JPMorgan Chase, Wells Fargo and Citigroup all reported better-than-expected first quarter profits and revenues but warned that their core lending incomes would be muted this year as higher interest rates force them to pay up for deposits.The Wall Street Journal - World -
As Jared Kushner’s Investment Firm Steps Out, the Potential Conflicts Are Growing
Jared Kushner’s Affinity Partners has invested more than $1.2 billion, much of it in firms abroad, drawing new scrutiny as his father-in-law, Donald Trump, again seeks the presidency.The New York Times - Business -
Inflation Was Hotter Than Expected in March, Unwelcome News for the Fed
The surprisingly stubborn reading raised doubts about when — and even whether — the Federal Reserve will be able to start cutting interest rates this year.The New York Times - Business - Federal Reserve -
WSJ Dollar Index Posts Largest Weekly Point and Percentage Gain Since Feb. 23'
The WSJ Dollar Index posted its largest one-week point and percentage gain since Feb. 2023, snapping a two-week losing streak.The Wall Street Journal - World -
Fed Governor Goolsbee Urges Rethink of Stationary Interest Rates
The head of the Chicago Fed wonders how long the central bank can leave interest rates alone before hurting the economy.Inc. - Business - Federal Reserve -
Bridgewater’s Bob Prince says Fed rate-cutting hopes are ‘off track’
Influential investor says US inflation and growth are not at levels where interest rates can fallFinancial Times - Business - Federal Reserve -
Hot Inflation Report Derails Case for June Rate Cut
Consumer prices rose 3.5% in March from a year earlier, and underlying price pressures remained strong.The Wall Street Journal - World -
Inflation Data Wobbles, Clouding Fed Rate Cut Outlook
Lower interest rates are still a possibility, but Fed governors are divided as economic data muddles a clear path to cuts.Inc. - Business - Federal Reserve -
‘Serious possibility’ that Fed’s next rate move is a hike, warns Larry Summers
“You have to take seriously the possibility that the next rate move will be upwards rather than downwards.”MarketWatch - Business -
Nasdaq, S&P 500 Climb After PPI Data Lands
U.S. stocks climbed after wholesale price data came in slightly lower than expected.The Wall Street Journal - World -
ECB Signals It's Moving Closer to a Rate Cut
Officials held rates steady as they weigh the prospect of cutting before the Fed.The Wall Street Journal - World -
ECB signals it’s ready to cut rates before the Fed if inflation data cooperates
The European Central Bank is seen ready to cut rates as early as June if inflation data continues to cooperate.MarketWatch - Business - Federal Reserve -
Fed Official Sees 2 Rate Cuts This Year Despite Persistent Inflation
Boston Fed president Susan Collins says the central bank won't rush its plans to lower interest rates.Inc. - Business - Federal Reserve -
Fed’s Schmid calls for patience before making any change in interest rates
Hot inflation, strong growth and elevated asset market prices all suggest that the current stance of the U.S. central bank’s interest-rate policy is appropriate, Kansas City Fed President Jeffrey Schmid said on Friday.MarketWatch - Business -
3 ways to get a lower mortgage rate before the Fed's April meeting
It can be advantageous for homebuyers to pursue these strategies now before the Fed meets again on April 30.CBS News - Top stories - Mortgage -
Fed's Powell: Elevated inflation will likely delay rate cuts this year
Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer ratesABC News - Top stories - Federal Reserve -
Fed's Powell Says Inflation All but Dooms Rate Cuts This Year
Robust job growth,higher stock prices, and home values all point to a solid economy despite high interest rates that everyone hates.Inc. - Business - Federal Reserve -
China's economy grew 5.3% in first quarter, beating expectations, though weak spots remain
China’s economy grew faster than expected in the first quarter of the year with help from policies and stronger demand, though signs of weakness persistedABC News - World - China -
China's economy grew 5.3% in first quarter, beating expectations
Yahoo News - World - China -
Boeing defends 787 Dreamliner safety after whistleblower alleged structural flaws
A whistleblower alleged that Boeing's 787 and 777 models have structural flawsCNBC - Business