City Powell, county Jerome Financial News
17.08 / 18:51
markets
Ripple
XRP
Federal Reserve
Interest rates
Bitcoin
Drop
Bears
Bitcoin price breaks from range with drop below $28K, and options tilt toward BTC bears
On August 16, Bitcoin (BTC) closed below $29,000 for the first time in 56 days. Analysts quickly pointed to this week’s FOMC minutes, which expressed concerns about inflation and the need to increase interest rates, as the likely cause.
17.08 / 10:27
17.08 / 03:05
Lowe's
Target
Nov
MSCI
show
performer
Asian stocks
Asian stocks hit 9-month lows on worries over China economy, US rates
MSCI's broadest index of Asia-Pacific shares outside Japan slid to 495.03, its lowest since Nov. 29. It was last down 1.14% at 497.11, with the index down 8% for August and set for its worst monthly performance since September.
17.08 / 00:57
COST
Target
Merit
Remark
Patrick
show
Fed saw 'significant' inflation risk that may merit more hikes
Federal Reserve officials at their last meeting largely remained concerned that inflation would fail to recede and suggested they may continue raising interest rates. «Most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy,» according to minutes of the US central bank's July 25-26 policy meeting published Wednesday in Washington.
16.08 / 21:43
COST
UPS
Provident
Target
Progressive
track
rate hikes
Threat
Reserve
Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes
Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting
16.08 / 14:37
Citi
Williams
Patrick
show
rate hikes
end
Fed meeting minutes could hint at end of rate hikes
By Howard Schneider
16.08 / 11:19
COST
Citi
Remark
show
Fed minutes to reveal preference for tightening
A record of the Federal Reserve’s July policy meeting due Wednesday is set to show only a minority of officials favored holding interest rates steady over the remainder of the year, according to Bloomberg Economics.
14.08 / 01:09
UPS
Provident
Target
‘US economy will escape recession, but uncertainty persists until 2024’, says Economists
Federal Reserve’s own staff — are predicting the US will escape a recession, though it’ll be well into 2024 before anyone can be sure of it. Fed Chair Jerome Powell says he expects the central bank to navigate a path where the US economy expands with inflation rates falling back to the 2% target, though the task will be challenging.
09.08 / 08:23
Lowe's
show
track
Dollar edges lower as risk sentiment improves
Investing.com — The U.S. dollar edged lower in early European trade Wednesday, as improved risk sentiment weighed on the safe haven despite fresh signs of Chinese economic weakness.
07.08 / 11:19
05.08 / 17:39
Progressive
Remark
show
rate hikes
Fed's Bowman says more US rate hikes likely will be needed
(Reuters) — The U.S. Federal Reserve will likely need to raise interest rates further to bring down inflation, Governor Michelle Bowman said on Saturday.
05.08 / 02:47
COST
Manufacturing
CME
Fitch
social
rate hikes
Economy adds 187,000 jobs in July, a sign the Fed's rate hikes are working
Fisher Investments founder Ken Fisher discusses whether the U.S. credit downgrade is a big deal for Wall Street as markets sell off on 'Varney & Co.'
04.08 / 14:47
COST
Lowe's
Target
Progressive
Gap
Align
Explainer
Explainer-Charting the Fed's policy path
(Reuters) — Investors are increasingly of a mind that the U.S. Federal Reserve has delivered the final installment of what has been most aggressive policy-tightening cycle in four decades, but central bank officials caution it is still too soon to make that call.
03.08 / 04:09
COST
UPS
Fitch
show
country
Fitch move spotlights US debt risk as recession fear fades
Fitch Ratings to downgrade US government credit has put a renewed focus on the nation’s debt trajectory, just when the world’s largest economy is shaking off forecasts for a looming recession. In the past week, Chairman Jerome Powell said the Federal Reserve is no longer expecting a US downturn, even after the most aggressive interest rate hikes in decades, and economists at Bank of America Corp. also scrapped their recession forecast.
02.08 / 22:24
Lowe's
Matthews
Fitch
show
country
BofA cancels call for recession in U.S. — the first big Wall Street bank to do so
Economists at Bank of America Corp. revoked their forecast for a recession in the United States, becoming the first large Wall Street bank to officially reverse its call amid growing optimism about the economic outlook.
31.07 / 17:19
UPS
Waves
Target
Strategy
Pride
show
The global bond market can’t count on a robust rally just yet
Bets on a bond-market rally aren’t in the clear just yet. On 26 July, Federal Reserve Chairperson Jerome Powell appeared to give traders the positive signal they’ve been waiting for—that the US central bank may finally be wrapping up it’s steepest interest-rate hikes since the early 1980s. Then the next day, European Central Bank President Christine Lagarde said she had an “open mind" on whether to tighten policy further, underscoring the shifting sentiment underway at the world’s central banks.
31.07 / 13:45
31.07 / 11:19
COST
UPS
track
exclusive
Morgan Stanley’s Wilson says stock rally is similar to 2019
US equities are tracking the same path they did in 2019, which was one of the best years for the S&P 500 over the past decade as it handed investors a 29% return, according to Morgan Stanley’s staunch bear, Michael Wilson.
30.07 / 12:03
Lowe's
Target
Manufacturing
Apple
Boeing
show
week
Top 5 things to watch in markets in the week ahead
Investing.com — More big tech earnings and the U.S. jobs report for July will be the main highlights in the week ahead. Investors will also be focusing on the Bank of England's latest rate decision and economic data out of the Eurozone and China. Here’s what you need to know to start your week.
30.07 / 11:25
COST
UPS
Lowe's
Target
Manufacturing
week
Gold might trade with a bearish bias next week as short-term macro headwinds persist
COMEX Gold prices started the week on a negative note as mixed data from the US coupled with weak economic data from the European peers bolstered the greenback. US Services activity slowed more than forecast in July, however, manufacturing activity rebounded to a three-month high. At the same time, European and UK Services activity eased to a six-month low, leading to weakness in the Euro and Pound.
29.07 / 20:27
Dogecoin
Ethereum
XRP
Cardano
litecoin
Polygon
Bitcoin
Price analysis 7/29: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT
The 25 basis point rate hike by the Federal Reserve on July 26 and the subsequent commentary by Fed Chair Jerome Powell failed to catapult Bitcoin (BTC) out of its range. This suggests that the event did not have any surprises and the outcome was already priced in by the markets.
what's happening in city Powell, county Jerome
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