#JEROMEPOWELL News

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Nvidia's monster rally drives US stocks to fresh records

aol.com None Stocks closed at record highs Thursday as Nvidia's stellar earnings lifted the broader market. • None Nvidia gained more than 16% in the session amid investors'…

Fed holds interest rates steady, says cuts not imminent

financialpost.com The United States Federal Reserve held interest rates steady for the fourth straight meeting and signalled its openness to cutting them, though not necessarily right away.…

The Fed engineered a miracle. Now comes the hard part

aol.com None The Fed so far has lowered inflation from historic levels without crushing growth. • None US GDP grew at 3.3% in the fourth quarter, the job market remains robust, and…

Top headlines: Manulife backs down on Loblaw specialty drugs deal after backlash

financialpost.com Manulife to cover specialty drugs at any pharmacy after backlash over Loblaw deal Manulife Financial Corp. says patients who require specialty drugs will be able to fill…

Bad News: Americans Are Now More Worried About High Costs of Living than Retirement Prep

aol.com A recent survey of employers from the Employee Benefit Research Institute (EBRI) uncovered a major shift taking place among American companies and their workers. Instead of…

‘Do we need another too-big-to-fail bank?’ Capital One

marketwatch.com Capital One Financial Corp. is aiming to become the largest credit-card issuer in the U.S. through a takeover of Discover Financial Services, in a combination that would…

Could the Federal Reserve rule out rate cuts in 2024?

aol.com A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the…

Bank of America CEO Brian Moynihan explains why you’d better ‘get used to mortgage rates of six, seven percent’

finance.yahoo.com American consumers are being pulled in opposite directions right now—by rising prices that threaten consumption on one side, and by low unemployment and rising wages that…

Daily Open: Wariness over rate cuts lingers

cnbc.com Traders react as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE) in New York City, March 22,…

Fed minutes show most officials flagged risks of cutting rates too quickly

financialpost.com Most Federal Reserve officials last month flagged concerns over moving too quickly to cut interest rates, indicating such risks outweighed keeping borrowing costs elevated…

Fed officials remained worried that inflation could stop cooling, minutes show

aol.com Federal Reserve officials continued to worry that inflation could stay stubbornly high during their policy meeting last month, minutes released Wednesday showed. That could…

Robots and AI are saving the American economy with a boom in productivity, the ‘magic beanstalk beans’ that allow higher wages without inflation

fortune.com Trying to keep up with customer demand, Batesville Tool & Die began seeking 70 people to hire last year. It wasn’t easy. Attracting factory workers to a community of 7,300…

Bank of America CEO Brian Moynihan explains why you better 'get used to mortgage rates of six, seven percent'

fortune.com American consumers are being pulled in two opposite directions right now: by rising prices that threaten consumption on one side, and by low unemployment and rising wages…

Fed officials worried about 'the risks of moving too quickly' on rate cuts: minutes

aol.com Most Federal Reserve officials cautioned against cutting rates too quickly at their last policy meeting as they continue to look for convincing evidence that inflation is…

Fed officials more worried about cutting rates too fast than moving too slow, minutes show

marketwatch.com More Federal Reserve officials are concerned about cutting interest rates too quickly than are worried about going too slowly, according to minutes of the Fed’s late January…

Fed concerned about cutting rates too soon, minutes of January meeting show

finance.yahoo.com The bulk of policymakers at the Federal Reserve's last meeting were concerned about the risks of cutting interest rates too soon, with broad uncertainty about how long…

Federal Reserve minutes: Officials worried that progress on inflation could stall in coming months

apnews.com Federal Reserve officials acknowledged at their most recent meeting in January that there had been “significant progress” in reducing U.S. inflation. But some of the…

Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show

cnbc.com WASHINGTON – Federal Reserve officials indicated at their last meeting that they were in no hurry to cut interest rates and expressed both optimism and caution on inflation,…

Majority of Fed policy-makers concerned about cutting rates too soon, meeting minutes show

theglobeandmail.com The bulk of policy-makers at the U.S. Federal Reserve’s last meeting were concerned about the risks of cutting interest rates too soon, with broad uncertainty about how long…

Canadian dollar ended 2023 on a hot streak but don't expect the momentum to last

financialpost.com The Canadian dollar ended 2023 on something of a hot streak, but will be hard pressed to keep up the momentum in the new year as headwinds gather and fundamentals favour the…

Why Canadians should pay attention to the United States presidential election

financialpost.com Canada should pay attention to the upcoming United States presidential election as it could rock relations with its biggest trading partner, according to one expert. We…

Dollar mixed, moves subdued before Fed meeting minutes

investing.com The dollar edged up against the yen and down against the euro on Wednesday but market moves were muted before the Federal Reserve is due to release minutes from its latest…

Robots are replacing workers US companies can't find in the labor market

apnews.com Trying to keep up with customer demand, Batesville Tool & Die began seeking 70 people to hire last year. It wasn’t easy. Attracting factory workers to a community of 7,300…

The Fed's Big Problem, There Are Two Economies But Only One Interest Rate

zerohedge.com The Fed's Big Problem, There Are Two Economies But Only One Interest Rate Authored by Mike Shedlock via MishTalk.com, On average, the economy looks OK. But averages are…

Nvidia to report, Fed minutes in focus

investing.com Investing.com -- U.S. stock futures tick marginally lower ahead of a busy day that will feature much-anticipated results from AI-darling Nvidia (NASDAQ: ) and minutes from…

Daily Open: Is the battle against inflation getting tougher?

cnbc.com A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York…

January housing prices hit new all-time high in Massachusetts, relief for homebuyers in coming months ‘unlikely’

bostonherald.com Massachusetts home prices continued to climb in the first month of 2024, hitting a new all-time high for the month of January, according to a report from the Warren Group…

Traders are ‘flirting’ with the idea of another Fed rate hike

marketwatch.com It’s taken months to sink in, but traders are finally coming around to the once-unthinkable scenario of possibly no rate cuts in 2024 and even considering the idea of…

Stop Fretting About the Federal Reserve's 'Soft Landing'

wsj.com Jerome Powell has already reached the runway. GDP and job growth are solid, and inflation is down.

Markets start to speculate if the next Fed move is up, not down

finance.yahoo.com Investors are beginning to war-game how the Federal Reserve can manage a US economy that just won’t land, with some even debating whether interest-rate hikes will be needed…

The odds of no interest-rate cuts in 2024 are growing

aol.com None This post originally appeared in the Insider Today newsletter. • None You can sign up for Insider's daily newsletter here. Welcome back! Mark Zuckerberg got plenty of…

Finance Docket: Bitcoin's Surge, Plentiful Deals, The Bear Case For Cats

dealbreaker.com Ed. note: This article first appeared in the Finance Docket newsletter. Subscribe here to view the full newsletter along with prior editions. Break out the champagne: The…

Fed to cut US rates in June, risks skewed towards later move: Reuters poll

finance.yahoo.com The U.S. Federal Reserve will cut the federal funds rate in June, according to a slim majority of economists polled , who also said the greater risk was the first rate cut…

The People Could Lose Big If Powell Lowers Rates

nypost.com Federal Reserve chairman Jerome Powell is not known for his resolve. It’s the main reason why the new and emerging consensus among Wall Street Fed watchers is that he will…

Investors are expecting rate cuts. But what happens to markets if they don't come this year?

finance.yahoo.com None Rate-cute outlooks have been clouded by hot economic data so far this year. • None Some market pros have been eyeing the possibility rates stay high in 2024. • None In…

Housing needs time to recover. Interest rates won't help

thestreet.com The housing market matters, if for no other reason than it's the primary source of U.S. household wealth, regardless of income or status. The rate of Americans participating…

‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Bullish on Bitcoin, Puts Price at $100K by June

coinspeaker.com Coinspeaker ‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Bullish on Bitcoin, Puts Price at $100K by June Popular entrepreneur and author Robert Kiyosaki has offered a very…

Earnings, Fed minutes this week; Chinese stocks reopen

investing.com Investing.com -- U.S. stock markets are set to be shuttered on Monday in observance of the Presidents' Day holiday. Traders are looking ahead to the release of more…

January economic data challenges soft landing narrative

finance.yahoo.com The growing economic consensus has hit a bump in the road. Over the past several months a string of stronger-than-expected data had many investors embracing a possible soft…

Top 5 things to watch in markets in the week ahead

investing.com Investing.com -- In the holiday shortened week ahead investors will be looking to the latest Federal Reserve minutes for any new insights on the direction of monetary…

Has America really escaped inflation?

economist.com At some point American economic growth will disappoint expectations. For now, though, it appears to have ended 2023 much as it passed the previous few years, with yet…

America’s economy is on fire

dlnews.com Bitcoin is poised to move higher in the coming weeks as the sell-off peters out, Coinbase analysts said in a report on Friday. Outflows from Grayscale’s Bitcoin ETF are…

Donald Trump Won't Reappoint Fed Chair Jerome Powell If Elected President

bitcoinmagazine.com In a recent statement, former President Donald Trump made it clear that, if elected for a second term, he would not reappoint Jerome Powell as the Federal Reserve Chair.…

The Fed has a very strong case to keep rates higher for longer

finance.yahoo.com None Markets expect multiple rate cuts from the Fed in 2024, but there's still a case for them to remain high. • None The economy is growing above trend, unemployment is…

Mortgage rates could drop if Fed cuts interest rates, housing prices remain high

businessinsider.com Federal Reserve rate cuts could make mortgages more accessible in 2024. • But, despite lowered rates, steep home prices and cost of living may still hinder homeownership. •…

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