County Jerome Financial News

Federal Reserve Chair Jerome Powell suggested the US central bank is inclined to hold interest rates steady again at its next meeting while leaving open the possibility of a future hike if policymakers see further signs of resilient economic growth. The comments effectively affirm market expectations for the Fed to skip a rate increase for a second straight meeting when officials gather on Oct. 31 and Nov. 1. The Fed chief also said a recent run-up in long-term Treasury yields, if they persist, could lessen the need for further hikes “at the margin,” echoing his colleagues and underscoring the importance of tightening financial conditions to the rate outlook over the coming months. Given the uncertainties and risks, and how far we have come, the committee is proceeding carefully,” Powell said Thursday at the Economic Club of New York. “We will make decisions about the extent of additional policy firming and how long policy will remain restrictive based on the totality of the incoming data, the evolving outlook, and the balance of risks.” Yields on two-year Treasuries declined after Powell spoke, while 10-year yields pared an increase that pushed them near the 5% mark. The dollar fell against a basket of major currencies, and the S&P 500 index of stocks, after multiple twists and turns, fell. “For November, he has clearly sent a signal of pause,” said Laura Rosner, partner at Macropolicy Perspectives LLC. “He expects the economy to cool down in the fourth quarter, and yields are doing some of the work for them.”

By Rae Wee

LONDON (Reuters) — The U.S. 10-year Treasury yield briefly reached 5% for the first time since 2007, marking a fresh milestone in a relentless push higher for government borrowing costs.

Investing.com — Gold kept its upward charge for a third day in a row Thursday as the dollar tumbled on the lack of any immediate support from Federal Reserve Chair Jerome Powell for a rate in November, despite the continued threat of inflation.

Investing.com — The Dow closed lower Thursday as investors weighed a surge in the 10-year Treasury yield, mixed quarterly results and remarks from Federal Reserve Chairman Jerome Powell.

Climate protesters delay the start of Federal Reserve Chairman Jerome Powell's speech at the Economic Club of New York.

Panelists Ben Levisohn, Al Root and Andrew Bary provide insight on the Federal Reserve's moves on 'Barron's Roundtable.'

Today, Federal Reserve Chair Jerome Powell addressed critical economic issues facing the United States in a talk at the Economic Club of New York. 

Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the central bank would be «resolute» in its commitment to its 2% mandate.

Investing.com – Federal Reserve Chairman Jerome Powell on Thursday said the Fed is «proceeding carefully» on monetary policy decisions following a spike in Treasury yields that have helped tighten financial conditions «significantly,» though acknowledged that signs of ongoing economy growth could warrant further monetary policy tightening.  

NEW YORK (Reuters) — The U.S. economy's strength and continued tight labor markets could warrant further Federal Reserve interest rate increases, Fed Chair Jerome Powell said on Thursday in remarks that appeared to push back against market expectations that the U.S. central bank's rate hikes had reached an end.

Bitcoin (BTC) kept pressure on $28,500 after the Oct. 19 Wall Street open ahead of a key speech on United States economic policy.

₹11,195.58 crore and bought stocks for ₹10,102.11crore, resulting in an outflow of ₹1,093.47 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹7,249.75 crore and offloaded shares worth ₹6,513.60 crore, resulting in an inflow of ₹736.15 crore, the exchange data showed. The BSE Sensex lost 0.38% to end at 65,629.24.

Investing.com — U.S. futures steadied Thursday after the previous session’s losses, as investors awaited a key speech from Fed chair Jerome Powell for clues towards future monetary policy.

Nifty 50 today: Domestic market benchmarks the Sensex and the Nifty 50 closed in the negative territory for the second consecutive session on Thursday, October 19 amid weak global cues. Top Asian peers, including Japan's Nikkei, China's Shanghai Composite Index and Hong Kong's Hang Seng fell about two per cent each while in Europe, the UK's FTSE, Germany's DAX and France's CAC fell up to a per cent during the trade as investors remained worried over the prospects of an escalation of the Israel-Hamas war into a bigger regional crisis.

Wells Fargo Advisors SVP Mark Smith reveals which stock market sectors are poised to break out on 'Making Money.'

Potomac Wealth Advisors President Mark Avallone discusses whether the stock market rally will last after CPI data showed inflation slowed again in June on «Varney & Co.»

(Reuters) — U.S. stock index futures fell on Thursday as Treasury yields climbed to fresh 16-year highs, taking the sheen off stocks in premarket trading, while Tesla (NASDAQ:TSLA) dropped and Netflix (NASDAQ:NFLX) surged after their quarterly earnings.

Investing.com — Fed chair Jerome Powell is set to speak later in the session, while Wall Street indices are set to open lower after bond yields rose to record levels.The earnings season continues in full flow, with Netflix and Tesla in the spotlight after releasing results after Wednesday's close.

(Reuters) — Federal Reserve Chair Jerome Powell will take the podium in New York on Thursday with his colleagues at the U.S. central bank in apparent agreement to hold interest rates unchanged at their next meeting in two weeks but with still-great uncertainty about what happens after that.

Investing.com-- Most Asian stocks tumbled on Thursday, with technology-heavy indexes bearing heavy losses tracking a spike in bond yields, while anticipation of a speech from Federal Reserve Chair Jerome Powell also kept investors on edge.