Jp Morgan Chase Ceo Says Fed Rate Hikes Might Need to Exceed Expectations
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‘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 -
Housing market ‘stagnant but determined’ as mortgage rates surge past 7%, Rocket CEO says
The U.S. economy is still hot, which means that the real-estate industry will face headwinds in the coming months due to higher mortgage rates.MarketWatch - Business - Mortgage -
This JPMorgan pro says the Fed has it backward — rates need to be cut to lower inflation
The Fed and investors won’t see inflation easing until the central bank starts cutting rate says this JPMorgan strategist.MarketWatch - Business - Federal Reserve -
June Fed rate-hike risk looms as U.S. labor market stays strong
The once-unthinkable scenario of no interest-rate cuts by the Federal Reserve in 2024 is now giving way to another possibility: a slight chance of a quarter-point rate hike by June.MarketWatch - Business - Federal Reserve -
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 -
Morgan Stanley chief says ‘existential’ need for M&A will revive investment banking
Quarterly profits rise 14% after better than expected quarter for traders, investment banking and wealth management armFinancial Times - Business -
Artificial Intelligence's 'Insatiable' Energy Needs Not Sustainable, Arm CEO Says
Arm Chief Executive Rene Haas said a push for energy efficiency is needed in artificial-intelligence applications.The Wall Street Journal - Tech -
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 -
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 -
Fed’s Williams says he doesn’t feel ‘urgency’ to cut rates
The Federal Reserve’s benchmark interest rate is in a “good place,” moving inflation down, and there is no need to rush to push it lower, New York Fed President John Williams said Thursday.MarketWatch - Business -
Bank of England to cut rates in May, Morgan Stanley says, retaining contrarian call
Morgan Stanley says that the Bank of England will cut interest rates as soon as May, in a notable sign of optimism amid waning market sentiment.CNBC - Business -
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 -
How far will savings rates fall if the Fed cuts rates? Here's what experts say
Savings account interest rates could start to fall this year. Here's where experts think they may land.CBS News - Top stories - Federal Reserve -
How far will CD rates fall if the Fed cuts rates? Here's what experts say
CD rates could be on the precipice of a downturn — especially if the Fed drops rates soon.CBS News - Top stories - Federal Reserve -
Biden says inflation report ‘may delay’ expected interest rate cut
President Biden on Wednesday said that the March report on inflation, which ticked higher, may delay an expected interest rate cut from the Federal Reserve. Biden last month predicted the Federal Reserve will cut interest rates, a move that could ...The Hill - Politics - Joe Biden -
Powell says conditions needed to cut rates likely to take longer to appear
Recent inflation data has not given greater confidence about declining inflation, Fed chair says.MarketWatch - Business -
Baidu says its ChatGPT-like Ernie bot exceeds 200 million users
Baidu CEO Robin Li was speaking at the company's annual "Create" conference for artificial intelligence developers. Li is also co-founder and chairman of Baidu.CNBC - Business -
The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past
The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past.CNBC - Business -
Fed likely to cut rates before ECB blinks, former BOE member says
The Federal Reserve is likely to cut rates before the European Central Bank does, a former member of the Bank of England said.CNBC - Business - Federal Reserve -
Fed can start cutting interest rates by end of 2024, IMF managing director says
Kristalina Georgieva said the central bank should continue following economic data to determine when it's right to begin lowering.CNBC - Business - Federal Reserve -
Fed Vice Chair Jefferson says interest rates could stay higher for longer if inflation persists
Federal Reserve efforts to reduce inflation hit snagMarketWatch - Business - Federal Reserve -
Fed shouldn’t cut interest rates to boost U.S. financial stability, IMF says
The Federal Reserve should not cut interest rates with an eye on financial stability concerns, the International Monetary Fund said Tuesday, in its latest update on financial market risks.MarketWatch - Business - Federal Reserve -
Gold may benefit from ‘powerful tailwind’ when Fed pivots to rate cuts, says Wells Fargo
Gold has room to rise after reaching record highs this year, as a “shifting interest-rate landscape could be a particularly powerful tailwind,” according to Wells Fargo Investment Institute.MarketWatch - Business - Federal Reserve -
The best hiking essentials for beginners: Everything you need to head out on the trail
From Hoka hiking boots to a durable water bottle, head out on your next hike with the best gear from top brands.CBS Sports - Sports -
Morgan Stanley stock falls as feds reportedly scrutinize its wealth unit
The WSJ reported that regulators are studying whether Morgan Stanley has been adequately investigating prospective client identities and the sources of their wealth.MarketWatch - Business -
Powell says rate cuts will take 'longer than expected' after 'lack of progress' on inflation
Federal Reserve Chair Jerome Powell said Tuesday that it will likely “take longer than expected” for the central bank to gain the confidence that inflation is sustainably falling to 2 percent and begin cutting interest rates. “More recent data ...The Hill - Politics -
Series I bonds are ‘still a good deal’ despite an expected falling rate in May, experts say
The annual rate for Series I bonds could fall below 5% in May based on inflation and other factors, financial experts say. Here's what to know.CNBC - Business -
Morgan Stanley tops expectations on wealth management, trading and investment banking results
How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?CNBC - Business -
IRS expects ‘a million returns' every hour on Tax Day, commissioner says. What last-minute filers need to know
April 15 is Tax Day for most filers and the last chance to avoid federal late-filing and payment penalties for 2023 taxes.CNBC - Business -
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 -
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