Jim Cramer Says the Banking Crisis Is Fighting Inflation for Powell and the Fed
Sort by
Date
Items per page
-
Kevin Warsh, floated as Trump Fed chief, says Powell is ‘goosing’ the economy
While U.S. allies and adversaries may be impressed by the growth in the stock market and overall U.S. economic growth, “I wouldn’t say they are overly impressed by the U.S. economic engine,” he said.MarketWatch - Business - Donald Trump -
Jim Cramer says newly public Astera Labs is already too expensive
CNBC's Jim Cramer gave investors his take on the valuation of Astera Labs, which debuted on the market last week.CNBC - Business -
Buy energy stocks as Fed becomes less aggressive in fighting inflation, says Morgan Stanley
Morgan Stanley upgraded its view on energy stocks, arguing they have lagged the price of crude oil this year with compelling valuations.MarketWatch - Business - Federal Reserve -
Jim Cramer's week ahead: Nonfarm payroll data and Disney's proxy fight comes to a head
CNBC's Jim Cramer on Thursday guided investors through next week's Wall Street action.CNBC - Business -
Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation.CNBC - Business -
Jim Cramer's top 10 things to watch in the stock market Monday
Stock futures were slightly lower to kick off the last week of March and the first quarter.CNBC - Business -
Jim Cramer's top 10 things to watch in the stock market Tuesday
U.S. stock futures were higher Tuesday morning, as investors looked to resume the months-long rally after a down session.CNBC - Business -
Jim Cramer's top 10 things to watch in the stock market Thursday
Stock futures are flat Thursday as the S&P 500 looked to finish its best first-quarter performance since 2019.CNBC - Business -
Cramer says Washington's antitrust fights against Big Tech don't hold weight
CNBC's Jim Cramer on Monday told investors he disagrees with the government's antitrust lawsuits against mega cap tech companies.CNBC - Business -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve -
Inflation Requires Caution for Brazil's Central Bank
Brazil’s central bank may have room to keep easing monetary policy gradually, but “core-services inflation underlying dynamics merit attention,” Goldman Sachs’ Alberto Ramos says.The Wall Street Journal - World - Inflation -
Fed Rate Outlook Looks Just Right for Banks
Banks look forward to relief on deposit costs but have no desire to go back to zero rates.The Wall Street Journal - World - Federal Reserve -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Inflation risks appear to be tilting higher, threatening to throw Fed’s rate-cut hopes into disarray
The possibility that U.S. inflation won’t trend much lower is raising concerns that Federal Reserve policymakers are mistakenly clinging to prospects for three interest-rate cuts this year and may lose their credibility, which could trigger ...MarketWatch - Business -
Hygiene poverty is a sign of crisis, says charity
The Hygiene Bank says families feel shame and isolation when they cannot afford to buy toiletries.BBC News - Top stories -
Chargers' Jim Harbaugh says having No. 5 draft pick is like owning No. 1 when you have a great quarterback
Coincidentally, the Chargers have the No. 5 pick in the draftCBS Sports - Sports -
Inflation here to stay? U.S. could face unstable inflation in next decade, top investment pro says
The Federal Reserve might be able to wrestle inflation down to its 2% annual goal, but it’s going to have a hard time keeping it there.MarketWatch - Business - Inflation -
The Feds Want More Oversight of Scientific Research. Universities Are Fighting Back.
Research institutions are pushing back against proposed changes to misconduct and plagiarism investigations.The Wall Street Journal - World -
Rationed food kept Cubans fed during the Cold War. Today an economic crisis has them hungry
María de los Ángeles Pozo used to get a little notebook laying out her family’s rations in Cuba’s subsidized neighborhood storesABC News - World - Federal Reserve -
AI-powered fraudsters are overwhelming bank defenses, Treasury report says
U.S. banks are struggling to keep up with evolving artificial-intelligence technology that has enabled fraudsters to easily impersonate customers and spread malware using AI-generated text, according to a report published Wednesday by the Treasury ...MarketWatch - Business -
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.The Wall Street Journal - World -
Cook says Fed has to move carefully before cutting interest rates
Federal Reserve Gov. Lisa Cook on Monday said the central bank needs to take a “careful approach” in deciding when to cut interest rates, but she gave few clues on the timing or size of any reductions.MarketWatch - Business - Federal Reserve -
UK stocks are not all that cheap
A bargain in the aggregate, not the particularFinancial Times - Business - United Kingdom -
Boeing chief’s exit is not enough to lift aerospace group’s shares
It could take years for the company to find its way back to its engineering rootsFinancial Times - Business -
Biden says feds will help rebuild Baltimore's collapsed bridge: Live updates
Six people are missing and a search-and-rescue operation is underway nearly 12 hours after a cargo ship crashed into Baltimore's Francis Scott Key Bridge. The cargo ship Dali, which was headed to Sri Lanka, hit a bridge support after losing power ...The Hill - Politics - Joe Biden -
Biden says feds should pay for Baltimore bridge collapse rebuild
President Biden addressed the Francis Scott Key Bridge collapse Tuesday suggesting the federal government should fully fund the bridge's reconstruction efforts. CBS News' Nicole Sganga reports from Baltimore, and Robert Sumwalt, a CBS News ...CBS News - Top stories - Joe Biden -
Francis Scott Key Bridge reconstruction should be paid for by feds, Biden says
The FBI earlier said there was no "there is no specific or credible information to suggest there are ties to terrorism."CBS News - Politics - Joe Biden -
Fed’s Waller says there’s ‘no rush’ to cut U.S. interest rates
Federal Reserve Gov. Chris Waller said high inflation readings and strong job gains in early 2024 reinforce his view that “there is no rush” to cut U.S. interest rates.MarketWatch - Business -
Top Fed official says ‘no rush’ on rates after ‘disappointing’ data
Progress on taming price rises ‘has slowed and may have stalled’, according to Christopher WallerFinancial Times - Business - Federal Reserve -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Medical crisis in Gaza hospitals at ‘unimaginable’ level, aid agencies say
Visiting medical team reported untreated open wounds, shortage of supplies to pin fractures and lack of food jeopardising treatment. The obstacles to Gaza aid deliveries – visual guideThe medical situation in Gaza’s hospitals has reached an ...The Guardian - World -
Larry Fink Says World Leaders Must Address Growing Retirement Crisis
The BlackRock CEO’s annual letter says demographics will strain retirement systems.The Wall Street Journal - World -
Canada's Poor Productivity Has Reached Emergency Status, Senior Central Bank Official Says
Bank of Canada’s senior deputy governor, Carolyn Rogers, warns that a turnaround is urgently needed to protect the economy from future bouts of inflation.The Wall Street Journal - World -
Ethiopia's biggest bank says it has recouped most of the cash lost during a system glitch
Ethiopia’s biggest bank says it has recouped nearly 80% of the cash it lost during a system glitch that allowed customers to take out more money than they had in their accountsABC News - World -
Middle East crisis live: Israel intensifies strikes on southern Gaza as eight killed in fighting on Lebanese border
Attacks around Rafah come despite growing pressure for ceasefire. See all our Middle East coverageThe UK is facing legal action over its pause in funding for Unrwa, after Israel’s allegations that 12 staff at the United Nations agency for ...The Guardian - World - Israel -
Inflation has hit these 3 U.S. cities the hardest. That has ‘substantial political implications,’ analyst says.
Cities experiencing more significant inflation typically have undergone rapid population growth, leading to an increased demand for goods and services, an analyst said.MarketWatch - Business -
CPI inflation will almost surely be above 3% well into midyear, Garda’s Magnusson says
The first two months of 2024, which brought more signs of surprisingly persistent U.S. inflation, have paved the way for the annual headline rate of consumer-price gains to remain above 3% well into June or July.MarketWatch - Business -
'The Fed has made two major mistakes in its history,' expert says. Here's how those affect policy today
As the Federal Reserve prepares to lower interest rates, the central bank is being particularly careful about not repeating past mistakes, experts say.CNBC - Business -
Feds search Sean 'Diddy' Combs’ properties as part of sex trafficking probe, AP sources say
Two law enforcement officials have told The Associated Press that two properties belonging to music mogul Sean “Diddy” Combs in Los Angeles and Miami were searched by federal Homeland Security Investigations agents and other law enforcement as ...ABC News - Entertainment -
Sean 'Diddy' Combs' L.A., Miami homes raided in sex-trafficking inquiry, sources say
Agents search Sean Combs' Holmby Hills and Miami mansions as part of a federal inquiry into sex trafficking allegations, law enforcement sources said.Los Angeles Times - Entertainment