County Jerome Financial News

Former Kansas City Federal Reserve Bank President Thomas Hoenig reacts to Jerome Powell saying the Fed is not ready to start cutting rates on 'Cavuto: Coast to Coast.'

Whether it’s another move up or a dive down, traders are bracing for added volatility wrought by Wednesday’s dual macroeconomic catalysts: a report on consumer prices in the morning and the Federal Reserve’s rate decision in the afternoon.

ALSO READ: Buy or sell: Sumeet Bagadia recommends these three stocks for Monday - June 10After the Fed statement, investors will closely watch chairman Jerome Powell’s press conference for insights.On June 12 (Wednesday) , Federal Open Market Committee’s (FOMC) interest rate decision will be announced, Fed chair Jerome Powell will hold a press conference, and consumer price index (CPI) data for May will be released.June 13 (Thursday) will see the release of producer price index (PPI) data for May.On June 14 (Friday), import price index data for May and consumer sentiment (preliminary) report for June will be released.Apple will hold its annual developers conference WWDC in the week ahead. Artificial intelligence (AI) could be the focus of the WWDC event, starting on Monday.ALSO READ: Indian stock market: Investors’ focus on inflation data, Modi 3.0, US Fed meetFollowing companies are due to report quarterly earnings in the week ahead— Yext, Calavo Growers, FuelCell Energy, Oracle, Casey's General Stores, ZEEKR, Rubrik, Broadcom, Dave & Buster's Entertainment, Oxford Industries, Signet Jewelers, Adobe, and RH.US stocks closed slightly lower on Friday after stronger-than-expected jobs data.The Dow Jones Industrial Average fell 87.18 points, or 0.22 per cent, to 38,798.99, the S&P 500 lost 5.97 points, or 0.11 per cent, to 5,346.99 and the Nasdaq Composite lost 39.99 points, or 0.23 per cent, to 17,133.13.The yield on the 10-year Treasury rose to 4.43 per cent from 4.29 per cent just before the release of the jobs data.

The European Central Bank on Thursday became the most important developed-country monetary authority to start cutting interest rates in this cycle. President Christine Lagarde believes she’s addressing the risk of recession in the eurozone, but this decision creates others. The ECB cut its main policy rate by 0.25 percentage points, to 3.75%.

The Federal Open Market Committee meets next week, when it will issue a new edition of its popular (if rarely entirely accurate) Summary of Economic Projections. This columnist and other, wiser souls already have proposed ways the Federal Reserve could improve this quarterly dot-apalooza, but let me suggest one more: It would be great if the Fed would mention the exchange rate once in a while. Managing the dollar is the most important job no one in Washington is doing these days.

Brussels, Belgium – 3 June 2024 – EthCC (Ethereum Community Conference), the largest annual European Ethereum conference created for the community, by the community, will return for EthCC[7] from 8-11 July 2024 in Brussels, Belgium, and bring together the top minds in Ethereum to share their vision for the future of the ecosystem.

Bolvin Wealth Management Group President Gina Bolvin discusses the move in commodities, expected inflation data, the housing industry and her outlook for consumers.

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year

The Cleveland branch of the Federal Reserve says that Beth Hammack, an executive at investment bank Goldman Sachs, would be its next president effective Aug. 21

Stocks fell and bonds retreated, tracking a drop in US Treasuries overnight after weak debt auctions and hawkish remarks from a Federal Reserve speaker. 

maintained its key overnight interest rate at the 23-year high mark since July 2023 and has now indicated holding rates high until inflation cools and moves consistently to the target range. The FOMC minutes showed that most members remained concerned about the lack of progress on inflation. The FOMC minutes showed that the bar for easing remains fairly high as the need to maintain a restrictive regime was emphasized.

Federal Reserve's first-line inflation gauge is about to show some modest relief from stubborn price pressures, corroborating central bankers' prudence about the timing of interest-rate cuts. Economists expect the personal consumption expenditures price index minus food and energy — due on Friday — to rise 0.2% in April. That would mark the smallest advance so far this year for the measure, which provides a better snapshot of underlying inflation.

Asian shares are trading mixed, as investor sentiment in Tokyo was boosted by news in the U.S. about soaring Nvidia earnings

Federal Open Market Committee gathering ending May 1 showed that, while participants assessed that policy was “well positioned," various officials mentioned a willingness to tighten policy further if warranted. “Participants noted disappointing readings on inflation over the first quarter," according to the minutes released Wednesday in Washington.

Federal Reserve officials earlier this month coalesced around a desire to hold interest rates higher for longer and «many» questioned whether policy was restrictive enough to bring inflation down to their target. Minutes from the two-day Federal Open Market Committee gathering ending May 1 showed that, while participants assessed that policy was «well positioned,» various officials mentioned a willingness to tighten policy further if warranted.

Bolvin Wealth Management Group President Gina Bolvin discusses the move in commodities, expected inflation data, the housing industry and her outlook for consumers.

After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now...

The American Bankers Association (ABA) on Monday urged House leaders to back a bill that would stop the Federal Reserve from creating a CBDC for individuals and using it for monetary policy tools.

O'Leary Ventures Chair Kevin O'Leary discusses the outlook for the U.S. economy and stock market on «Kudlow.»

Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing symptoms

Wells Fargo CIO for Wealth & Investment Management Darrell Cronk says the April labor data was exactly what the Fed wanted to see on 'Making Money.'