Markets Waver after Fed Chair Powell Concludes His Testimony
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Watch Fed Chair Powell speak live during a policy forum in Washington
Fed Chair Jerome Powell speaks to the Wilson Center's Washington Forum on the Canadian Economy.CNBC - Business - Federal Reserve -
Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
Powell said that while inflation continues to make its way lower, the current state of policy should remain intact.CNBC - Business - Federal Reserve -
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 -
S&P and Nasdaq Extend Losing Streaks
U.S. stocks ended mixed as the Dow Industrials posted small gains, while the S&P 500 and Nasdaq declined for a fifth straight session.The Wall Street Journal - World -
Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon.NBC News - Top stories - Federal Reserve -
Fed chair Jerome Powell: high inflation likely to delay rate cuts this year
US central banker says ‘recent data have clearly not given us greater confidence’ that inflation coming fully under control. The Federal Reserve chair, Jerome Powell, cautioned on Tuesday that persistently elevated inflation will probably delay ...The Guardian - World - Federal Reserve -
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 -
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 -
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 -
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 -
Mizuhara surrenders to feds, free on $25K bond
After surrendering to federal law enforcement Friday, Ippei Mizuhara's bond was set at $25,000. The former interpreter for Shohei Ohtani is accused of stealing over $16 million from the Dodgers star.ESPN - Sports -
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 -
U.S. Stocks Slide On Tech Weakness
U.S. stocks fell again as investors don’t expect a rate cut from the Fed anytime soon.The Wall Street Journal - World -
Surging inflation fears sent markets tumbling and Fed officials scrambling
The early data is in for the path of inflation during the first three months of 2024, and the news so far is not good.CNBC - Business - Federal Reserve -
Ex-Fed chair Ben Bernanke finds 'significant shortcomings' in Bank of England's economic forecasting
A review of the Bank of England’s economic forecasting undertaken by the former chair of the U.S. Federal Reserve has found “significant shortcomings” that should be addressed to better inform future interest rate decisionsABC News - World -
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 -
Fresh uncertainty around Fed rate cuts exposes the stock market’s winners and losers
Higher U.S. inflation is dashing investors’ hopes for multiple Federal Reserve rate cuts this year, while opening the door to 5% Treasury yields across the board and cleaving the stock market into distinct categories of winners and losers.MarketWatch - Business - Federal Reserve -
Why the bond market still holds the cards as Fed walks back its pivot talk
Fed Chairman Jerome Powell is indicating inflation appears to be stuck, a threat to expected rate cutsMarketWatch - Business -
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 -
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 -
Morgan Wallen arrested after allegedly throwing chair from rooftop
The country music star allegedly threw a chair from the top floor of a bar and it landed on a street near two officers, according to police.CBS News - Entertainment -
Markets Slide After Unexpectedly Strong Inflation Report
Stocks fell and bond yields jumped as investors reassessed when the Federal Reserve may begin cutting interest rates.The New York Times - Business -
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 -
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 -
10-, 30-year Treasury yields slip from five-month highs despite Powell’s hawkish turn
Long-term Treasury yields dropped from their highest levels since early November on Wednesday amid a round of dip-buying in 2- through 30-year government debt.MarketWatch - Business -
Iran's U.N. Mission Says Military Action Concluded
Iran’s mission to the United Nations said that Tehran now considered that its retaliation for an attack on its diplomatic compound in Damascus to be ended.The Wall Street Journal - World - Iran -
Iran declares its attack on Israel "concluded," for now
Israel's military says that on Saturday Iran launched more than 200 drones, cruise and ballistic missiles towards Israeli territory, the vast majority of which were intercepted. The assault – a retaliation for an Israeli airstrike on Iran's ...CBS News - World - Iran -
Day 1 of Trump's "hush money" trial concludes
The process of seating a 12-person jury in former President Donald Trump's "hush money" case began in Manhattan on Monday. It is the first criminal trial of a former president in U.S. history. CBS News chief election and campaign correspondent ...CBS News - Top stories - Donald Trump -
Mark Cuban shares his No. 1 favorite way to inspire young kids—it's as easy as pointing to a lightbulb or chair
Inspiring young kids to dream big can be as easy as telling them to ask themselves, "Why not me?" says billionaire entrepreneur and investor Mark Cuban.CNBC - Business -
Markets slash bets on rate cuts after US inflation rises to 3.5%
Figures for consumer prices and core inflation exceed expectationsFinancial Times - Business -
Oil prices a ‘chief concern’ for markets after Iran attack on Israel
U.S. stocks look to rebound on Monday, after fears over the conflict in the Middle East sparked a flight to safety Friday in U.S. markets.MarketWatch - Business - Iran -
Citizens Financial is latest lender to tap the bond market a day after earnings
Regional bank’s most active bond is currently yielding 6.64%MarketWatch - Business -
Police took possession of E. Jean Carroll's unregistered gun after her testimony in Trump defamation trial
Carroll revealed on the witness stand this year that she had a handgun at home but didn't have a license for it.NBC News - Politics - Donald Trump -
Higher for Longer After All? Investors See Fed Rates Falling More Slowly.
Investors went into 2024 expecting the Federal Reserve to cut rates sharply. Stubborn inflation and quick growth call that into question.The New York Times - Business - Federal Reserve -
Bank of England to scrap outdated inflation forecasting model in major overhaul after Fed boss’ review
The Bank of England announced an overhaul of its inflation forecasting models after a long-awaited review by former Fed Chair Ben Bernanke.CNBC - Business -
What will happen to mortgage rates after the Fed's April meeting? Expert predictions vary
Any number of mortgage rate changes could occur after the Fed's upcoming meeting, experts say.CBS News - Top stories - Mortgage -
2-year Treasury yield ends at almost 5% after Fed’s Williams answers question on possible rate hike
A selloff in U.S. government debt pushed the policy-sensitive 2-year rate to a five-month high on Thursday after a key Federal Reserve official did not rule out the possibility of a rate hike.MarketWatch - Business -
Gallery employee fired after sneaking in his own art
Police told a German newspaper that the 51-year-old employee hoped sneaking in his painting would be his breakthrough.CBS News - World -
Harry Kane says his children are 'fine' after crash
A spokesperson for the Bayern Munich star says his three eldest children are fine after the collision.BBC News - Top stories -
California pilot and his dog survive plane crash after swimming to shore
The Piper PA-32, a single engine plane, crashed off the coast across from Trump’s LA golf club in Ranchos Palos Verdes. A pilot and his dog survived a plane crash off the California coast, swimming to shore where they were met by authorities ...The Guardian - World - California