To Prevent More Bank Runs the Fed Should Pause Rate Hikes Robert Reich
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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 -
Companies are using inflation to price-gouge Americans – and making it worse | Robert Reich
Thanks to near-monopolies in many industries, corporations are seeing record profits as consumers struggle with high prices. We learned this week that the Consumer Price Index climbed 3.5% in March from a year earlier, up from 3.2% in February, ...The Guardian - World -
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 -
European Central Bank to stand pat but faster-than-the-Fed rate cuts may hit euro
The European Central Bank is expected on Thursday to leave interest rates at record highs but to imply that a cut in borrowing costs is likely by the summerMarketWatch - Business - Europe -
European Central Bank Signals Coming Rate Cut, Setting Up Split With Fed
The bank held rates for the fifth consecutive time, but said confidence was growing that inflation would return to its target and it could ease its stance soon.The New York Times - Business - Federal Reserve -
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 -
Kraft should be thanking Belichick, not sabotaging him
The former Patriots coach is not owed a new job, but the least he could ask for is loyalty from Kraft, a guy he helped make richer and more famous.Yahoo Sports - Sports -
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 -
RFK Jr. says he has ruled out Libertarian run for president
Independent presidential candidate Robert F. Kennedy Jr. has ruled out a run as a Libertarian candidate to assist in his efforts to get on the ballots in all 50 states.ABC News - Top stories -
Energy Inflation Is Back. How Much Should the Fed Care?
The Federal Reserve tries to look past volatile energy prices when analyzing inflation and setting interest rates. But the oil market these days is getting harder to ignore.The Wall Street Journal - World - Federal Reserve -
Should you get a home equity loan before the Fed's April meeting?
There are some major reasons why you may want to get a home equity loan before the Federal Reserve meets again.CBS News - Top stories -
The migrant highway that could sway the US election
The Darién Gap has become a key migration route for people heading towards the USFinancial Times - Business -
Top commodities traders dismiss IPO route after bumper profits
Executives at Vitol, Trafigura and Mercuria say banks and export credit agencies have never been so keen to lend to themFinancial Times - Business -
Franklin, Apple TV+ — story of a polymath patriot who secured the future of America
Part biography and part costume drama, Michael Douglas plays Benjamin Franklin with twinkling mischiefFinancial Times - World - Apple -
China's Central Bank Holds Key Policy Rates
The People’s Bank of China kept key policy rates steady and drained liquidity from the banking sector as economic data shows fresh signs of weakness.The Wall Street Journal - World - China -
Best hiking boots for any trail conditions in 2024: Hoka, Merrell, Timberland, and more
Shop the best hiking boots of 2024, from a comfy well-rounded Hoka to heavy-duty insulated winter boots.CBS Sports - Sports -
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 -
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 -
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 -
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 -
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 -
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'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 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 -
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 -
More than 30,000 running in Boston Marathon
Thousands of runners are hitting the streets for the annual Boston Marathon. CBS News Boston reporter Penny Kmitt has more on the race.CBS News - Top stories -
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