Investors only have themselves to blame as Jay Powell steals Christmas

The Fed chair’s apparent cooling on further interest rate cuts has gone down badly with markets

Topics

‘Getting Your Pink Back:’ How Moms Felt Like Themselves Again After Having a Baby

Flamingos, which can lose their bright color when tending to their young but get it back over time, have been a helpful metaphor for some women in their postpartum experiences.
The New York Times - 1h
Investors are so confident in stocks, they have a record low allocation to the safety of cash

Bank of America's closely followed survey found fund managers set a record low share of assets in cash going back to at least 2001.
CNBC - 2d
On Trump’s Proposals, Wall Street Investors Have Selective Hearing

Investors and executives are often emphasizing what they like in the president-elect’s agenda, while dismissing what they don’t as mere posturing.
The New York Times - 2d
US investors have saved $250bn by investing in ETFs, says BofA

The savings compared with mutual funds was mainly due to tax advantages rather than exchange traded funds’ lower fees
Financial Times - Dec. 10
Trump Says He Won’t Try to Fire Jay Powell as Fed Chair

The president-elect said he would not try to replace the Federal Reserve chair, but would seek to cut immigration, impose tariffs and more.
The New York Times - Dec. 9
Trump says he will not remove Jay Powell from Fed before term ends

President-elect also does not rule out higher inflation as a result of his tariffs
Financial Times - Dec. 8
What Fed chief Powell said about crypto that may have aided bitcoin’s rally to $100,000

Bitcoin’s meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell.
NBC News - Dec. 5
What Fed chief Powell said about crypto that may have aided bitcoin's rally to $100,000

Powell said bitcoin is not a challenge for traditional currencies such as the U.S. dollar but rather for gold.
CNBC - Dec. 5
Christmas Tree Lego Set Restocked At Amazon For Only $31

Lego Christmas Tree 2-in-1 (784 Pieces) $31 (was ...
GameSpot - Dec. 4