#CLEVELANDFED News
Fed's Mester Calls Slow Progress on Inflation 'Concerning'
barrons.com Cleveland Fed President Loretta Mester said Friday that the central bank has more work to do in fighting inflation. Pointing to…
Fed Officials Reportedly More Divided Than Ever on Rate Hikes
pymnts.com Federal Reserve officials reportedly seem more divided than ever on whether more interest rate hikes are needed. Officials’ comments signaling different opinions on the…
Nasdaq Hits Highs As McCarthy Sees Path Ahead; Tech Leads The Charge
investors.com The Dow Jones Industrial Average fell 0.4% in early afternoon trading, underperforming resilient Big Tech stocks. The index continued to build support at the 50-day moving…
Dallas Fed president says data does not justify June rate-hike pause yet
foxbusiness.com Dallas Federal Reserve President Lorie Logan said Thursday that inflation remains "much too high" and is not cooling quickly enough to justify pausing interest rate…
Talk Is Cheap; What Will The Fed Actually Do?
zerohedge.com Talk Is Cheap; What Will The Fed Actually Do? Authored by Michael Maharrey via SchiffGold.com, Gold had dropped by over $100 in the last two weeks. Meanwhile, the dollar…
Gold slumps as Fed confirms its resolute stance on lowering inflation
kitco.com In the span of just under two weeks, from Thursday, May 4 to Wednesday, May 17 we have seen gold drop substantially and concurrently the dollar gained substantially. Gold…
Morning bid: Fed rates to stay higher for longer, debt drama goes on
reuters.com A look at the day ahead in U.S. and global markets from Samuel Indyk. The Federal Reserve is saying something and markets might finally be starting to listen. Tuesday's…
Retail sales rose 0.4% in April, less than expected as consumers struggle with inflation
cnbc.com A shopper browses shirts at a clothing store in Atlanta, Georgia, US, on Tuesday, Feb. 14, 2023. Consumers barely kept up with inflation in April, as retail sales increased…
Marketmind: Fed rates to stay higher for longer, debt drama goes on
yahoo.com FILE PHOTO: An eagle tops the U.S. Federal Reserve building's facade in Washington (Reuters) - A look at the day ahead in U.S. and global markets from Samuel Indyk. The…
Safe-haven dollar rises with U.S. debt default risk in focus
investing.com SINGAPORE/LONDON (Reuters) - The dollar rose on Wednesday, benefiting from its status as a safe-haven amid the risk of a U.S. debt default and as traders trimmed bets on…
Dollar higher; hawkish Fed officials, debt ceiling uncertainty helps
investing.com Investing.com - The U.S. dollar traded higher in early European hours Wednesday following hawkish comments from a number of Fed officials and with the debt ceiling standoff…
Stocks Dip, Nasdaq Bull Run Continues With Big Tech Speculation: Investors Eye Biden-McCarthy Debt Ceiling Talk
benzinga.com The markets were overall weaker on Tuesday, with a significant exception stemming from big gains reported by tech giants following 13F disclosures by hedge funds, which…
Dow, S&P 500 fall as Home Depot, retail sales data weigh
reuters.com The Dow and the S&P 500 fell on Tuesday after a dour forecast from Home Depot and April retail sales data pointed to consumers feeling the pinch from rising prices and…
S&P 500 Futures Slip After Home Depot's Q1 Print: Analyst Says Retest Of October Lows Likely
benzinga.com The see-sawing mood and tight trading ranges that have been characteristic of recent sessions will likely hold in the near term. The major stock futures point to a mostly…
Treasury yields dip as China data disappoints; debt-ceiling meeting looms
marketwatch.com Bond yields fell on Tuesday after data showed China’s economic recovery was not as strong as expected and traders waited for talks on the U.S. government debt ceiling later…
U.S. stock futures stalled as debt-ceiling discussions loom
marketwatch.com U.S. stock futures were mildly mixed on Tuesday ahead of debt-ceiling discussions and retail sales data. On Monday, the Dow Jones Industrial Average DJIA, rose 48 points, or…
It Is Merger Monday Again, Plus a Baker’s Dozen +1 Fed Speeches This Week
247wallst.com Premarket action on Monday had the three major U.S. indexes trading higher. The Dow Jones industrials were up 0.37%, the S&P 500 up 0.36% and the Nasdaq 0.26% higher. It has…
Dow futures rise 120pts; debt ceiling optimism boosts market
investing.com Investing.com -- U.S. stocks are seen opening higher Monday on optimism of progress in lifting the country’s debt ceiling, but gains are limited given ongoing concerns about…
U.S. debt ceiling talks, Turkish election, Fed speakers
investing.com Investing.com -- Hopes of an end to the political impasse over lifting the U.S. debt ceiling are rising, which should lead to a positive start on Wall Street. Turkey faces…
Top 5 things to watch in markets in the week ahead
investing.com Investing.com -- Investors will be holding out for an update on plans to raise the U.S. debt ceiling this week, while remarks by Federal Reserve policymakers will be parsed…