Top Fed Official Sees No Compelling Reason to Wait for Fresh Rate Rise
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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 -
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 -
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 -
BlackRock's Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal
The head of the world's largest money manager said it's unlikely the central bank will hit its 2% goal anytime soon.CNBC - Business - Federal Reserve -
5 reasons to invest in gold amid rising inflation
Gold can be a smart investment to consider when inflation is higher than normal. Here's why.CBS News - Top stories -
Rising petrol prices create fresh headache for Biden
The move towards the critical $4 per gallon threshold comes at a delicate moment for the US presidentFinancial Times - World - Joe Biden -
3 Reasons This Country Is a Top ISIS Recruiting Ground
Hundreds of Tajik men have joined an Islamic State affiliate, analysts say.The New York Times - Top stories -
Dealmaking Is Looking Up as Companies Stop Waiting Out the Fed
Borrowers are getting on with things as rates are set to remain high for longer.The Wall Street Journal - World - Federal Reserve -
Givaudan Sales Rise, Sees Strong Momentum
Givaudan reported a 13% rise in like-for-like first-quarter sales, ahead of analysts’ expectations, with its fragrance and beauty unit outperforming.The Wall Street Journal - World -
U.K. sees biggest jobless rise since the pandemic
The U.K. saw the biggest jump in unemployment since the pandemic, according to data released Tuesday that reinforces the likelihood the Bank of England will soon lower interest rates.MarketWatch - Business - United Kingdom -
IMF Sees Steady Growth but Warns of Rising Protectionism
The International Monetary Fund offered an upbeat economic outlook but said that new trade barriers and escalating wars could worsen inflation.The New York Times - Business -
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 -
18 acts we can't wait to see at Coachella 2024
With more than 100 artists on Coachella's lineup, here's who to catch at the festival this year, from Sacramento metal band Deftones to Argentine DJ-producer Bizarrap.Los Angeles Times - Entertainment -
Lyse Doucet: World waits to see impact of unprecedented attack
This is uncharted territory fraught with risk, writes our chief international correspondent.BBC News - Top stories -
White House will ‘wait and see’ on Iran response after attempted Israel strike
President Joe Biden convened a meeting of G-7 leaders to coordinate a diplomatic response to Iran’s attack.CNBC - Business - Iran -
Biden sees highest approval rating since November
President Biden saw his highest approval rating since November on Monday, ticking up to 43 percent. A new poll from the Financial Times and the University of Michigan’s Ross School of Business that found Biden’s approval rating at 43 percent marks ...The Hill - Politics - Joe Biden -
Fed’s Williams sees inflation falling ‘closer to’ 2% target by next year, despite recent ‘bumps’
“I expect inflation to continue its gradual return to 2%, although there will likely be bumps along the way, as we’ve seen in some recent inflation readings,” Williams said Thursday.MarketWatch - Business -
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 -
Movie Review: ‘Food, Inc. 2’ revisits food system, sees reason for frustration and (a little) hope
The makers of the Oscar-nominated 2008 documentary “Food, Inc.” never planned to make a sequelABC News - Entertainment - Entertainment -
High mortgage rates lead to rise in lending scams
More prospective homebuyers are falling victim to offers of financing that are too good to be trueFinancial Times - Business - Mortgage -
Cambodia sees rise in YouTuber abuse of monkeys at world heritage site
YouTubers can earn a living from videos interacting with monkeys at the Angkor world heritage site, but some videos show horrific abuse.CBS News - World -
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 -
‘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 -
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’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