Fed gets newest policymaker, as inflation, recession fears mount

- Susan Collins started her job Friday as president of the Federal Reserve Bank of Boston, becoming the first Black woman to lead a regional branch of the U.S. central bank as it faces...

Gold Stocks Enter the Contrarian Dream Zone

The gold complex came under more pressure this week on the reiteration by the US, UK, and European central banks that they are willing to do whatever it takes to combat inflation. This was...

Powell Is The New Arthur Burns, Not The New Paul Volcker

Powell Is The New Arthur Burns, Not The New Paul Volcker Authored by Ryan McMaken via The Mises Institute, Last year, just as it was becoming increasingly clear that price inflation...

Manufacturing hits lowest level in two years

Economic activity in the U.S. manufacturing sector slowed more than expected in June to the lowest level in two years, as both demand and employment contracted according to the latest data. The...

LUDO: How the Metaverse Is Transforming the Job Market for Real Estate

Fed Chairman Jerome Powell recently said, “if you are a home buyer, or you are a young person looking to buy a home, you need a little bit of a reset.” In the last two years, the world has gone...

Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession

The Atlanta Fed's GDPNow gauge sees the second-quarter running at negative 1%. Coupled with the first-quarter's decline of 1.6%, that would fit the technical definition of recession. Most Wall...

Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession

The Atlanta Fed's GDPNow gauge sees the second-quarter running at negative 1%. Coupled with the first-quarter's decline of 1.6%, that would fit the technical definition of recession. Most Wall...

Gold Stocks Enter the Contrarian Dream Zone

The gold complex came under more pressure this week on the reiteration by the US, UK, and European central banks that they are willing to do whatever it takes to combat inflation. This was...

Global investors turn sellers in equity funds on recession fears

- Global equity funds faced outflows in the week to June 29, as recession fears crept higher, with major central banks looking keen to raise interest rates further to tame soaring...

Investors turn net sellers of U.S. equity funds on slowdown worries

U.S. investors turned net sellers of equity funds in the week ended June 29. According to Refinitiv Lipper data, investors jettisoned $3.78 billion in equity funds. Federal Reserve chair Jerome...

Investors turn net sellers of U.S. equity funds on slowdown worries

- U.S. investors turned net sellers of equity funds in the week ended June 29, as they fretted over the impact of hefty rate increases on the U.S. economy, with data showing a contraction in the...

Dollar Edges Higher, Lifted by Safe Haven Demand

By Peter Nurse Investing.com - The U.S. dollar edged higher in early European trade Friday, trading close to the highs of the year on safe-haven demand as central banks take on inflation at the...

No Soft Landing, No Return to Normal for US Economy, Says Fed

Jerome Powell, the Chairman of The Federal Reserve, has conceded that a so-called “soft landing” for the U.S. economy is something he cannot guarantee. The post No Soft Landing, No Return to...

Fed Chair Jerome Powell draws criticism for admitting ‘how little we understand about inflation’

U.S. Federal Reserve Chairman Jerome Powell said that the ongoing inflation crisis highlights "how little we understand about inflation" The comments were made during a European Central Bank forum...

Fed Chair Jerome Powell draws criticism for admitting ‘how little we understand about inflation’

U.S. Federal Reserve Chairman Jerome Powell said that the ongoing inflation crisis highlights "how little we understand about inflation" The comments were made during a European Central Bank forum...

US recession: Fed will whack economy and have to slash interest rates

Traders shifted their expectations Wednesday, and now expect the Fed to cut interest rates by 50 basis points in 2023. The move comes after Fed Chair Jerome Powell said rate hikes are "highly...

Gold Sees Worst Quarter in Five, Losing Shine to U.S. Rate Hikes

By Barani Krishnan Investing.com -- The Fed is costing the gold bug dearly. As trading wrapped for June, bullion’s value dropped more than 8% for the second quarter, posting its worst three-month...

The Latest Inflation Data Is (Mildly) Good News for the Fed

Federal Reserve Chairman Jerome Powell gave two clear reasons why the central bank raised interest rates by 0.75 percentage point at its June meeting. One was consumers’ inflation expectations,...

Key Fed tracker has bad news for the economy

The Federal Reserve's key real-time model for tracking U.S. economic activity has turned negative, signaling that the nation could already have entered a recession. The GDPNow gauge, a widely...

U.S. employers see signs of cooling job market

By Timothy Aeppel and Lisa Baertlein - People have been walking into Paul Centenari's cardboard box factory outside Baltimore asking for jobs, something he has not seen in over a year. "We didn't...

U.S. inflation data offer no quick relief to Fed, but hint at a peak

By Howard Schneider and Ann Saphir WASHINGTON - New U.S. data for May showed little immediate relief from the record pace of inflation pushing the Federal Reserve toward another oversized...

Powell Is the New Arthur Burns, Not the New Paul Volcker

Last year, just as it was becoming increasingly clear that price inflation was mounting, Jerome Powell repeatedly denied there was any reason for concern. He called inflation "transitory." A few...

Recession fear could become a self-fulfilling prophecy

Wall Street economists have been gradually hiking their recession forecasts. Their estimates now put the likelihood of a recession somewhere between 30% and 50% — or, as veteran market analyst...

Morning Bid: This is going to hurt

Investors on recession watch learnt little they didn't already know from the world's top central bankers. Fighting inflation is the top priority and avoiding a recession comes second. U.S. Fed...

Treasury yields nudge lower as market participants track economic data

Yield on the benchmark 10-year Treasury note moved 7 basis points lower to trade at 3.02%. Yields move inversely to prices. Core personal consumption expenditures price index, the Fed's preferred...

Stocks open lower, head for worst quarter since early 2020

NEW YORK (AP) — Stocks are opening broadly lower on Wall Street Thursday, continuing a dismal streak that brought on a bear market earlier this month and has the S&P 500 on track for its worst...

Key Fed Inflation Rate Eases In May, But Dow Jones Falls

In May, core inflation, excluding food and energy prices, eased. New claims for jobless benefits dipped by 2,000, consistent with a strong but gradually softening job market. The data came amid a...

U.S. Consumer Spending Softens; Prices Rise Less Than Forecast

US inflation-adjusted consumer spending fell in May for the first time this year. Purchases of goods and services, adjusted for changes in prices, decreased 0.4%. The personal consumption...

Fed Announces Inflation Warnings As Bitcoin Whales Remain In Wait Mode

Over the past few hours, the price of bitcoin has deviated from a key level of support and fallen below $19,000. The transaction history reveals that many addresses purchased Bitcoin for more than...

Stock Futures Drop Ahead of Fed's Favored Inflation Gauge

U.S. stock futures fell as investors rebalanced portfolios ahead of the end of a grueling first half. Futures tied to the S&P 500 dropped 1.5%, a day after indexes finished little changed. Dow...

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