The Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an Alternative

finance.yahoo.com The Federal Reserve is stuck in a mode of forecasting and public communication that looks increasingly limited, especially as the economy keeps delivering surprises. • None…

5 signs of under-the-radar economic pain from the Fed’s favorite on-the-ground source

finance.yahoo.com Federal Reserve officials spend a lot of time poring over reams of economic data, but sometimes it pays to take a more hands-on approach, and the Beige Book is designed to…

5 signs of under-the-radar economic pain from the Fed's favorite on-the-ground source

fortune.com Federal Reserve officials spend a lot of time poring over reams of economic data, but sometimes it pays to take a more hands-on approach, and the Beige Book is designed to…

Why Haven’t We Whipped inflation Yet?

aier.org Despite extraordinary monetary tightening by the Federal Reserve, inflation remains elevated above its 2 percent target. Even more worrying, inflation accelerated during the…

Are Rates High Enough? Fed Resets Clock on Interest-Rate Cuts

finance.yahoo.com A string of disappointing inflation data has forced the Federal Reserve to reset the clock on its first interest-rate cut and re-evaluate the trajectory of price growth. •…

Trump's hush-money trial is set to heat up

businessinsider.com Chelsea Jia Feng/BI/Curtis Means-Pool/Getty Images This post originally appeared in the Insider Today newsletter. You can sign up for Business Insider's daily newsletter…

Stocks Decline on Mideast Tensions, Havens Rally: Markets Wrap

finance.yahoo.com European and US equity index futures declined as global markets were rocked by fresh conflict in the Middle East that sent stocks lower while oil and haven assets including…

Stock market today: Stocks slide for 5th session as Fed officials cast more doubt on rate cuts

aol.com None Stocks fell Thursday, with the S&P 500 hitting its worst losing streak since October. • None More comments from Fed speakers poured cold water on rate-cut hopes. • None…

NY Fed chief: No 'urgency' to cut interest rates

semafor.com The News The head of the Federal Reserve Bank of New York said he doesn’t “feel urgency” to cut U.S. interest rates soon, as inflation stubbornly remains above the Fed’s 2%…

Fed officials cast more doubt on the timing of rate cuts this year

aol.com None Fed officials had further commentary on the path of rate cuts in 2024 following Powell's remarks on Tuesday. • None The path to getting inflation back to target levels…

Stock market today: US indexes gain as traders try to break 4-day losing streak

aol.com None US stocks were mixed Thursday as trader struggled to recover from a streak of losses. • None Jobless claims held steady at 212,000, matching the revised level from the…

Stocks Bounce Back From Recent Declines

barrons.com The stock market was bouncing back in Thursday trading, though bond yields were rising, too. The Dow Jones Industrial Average was up 308 points, or 0.8%. The S&P 500 was up…

Stock Market Today: Stocks rise as bond rout eases; Nvidia leads chip gains

thestreet.com Check back for updates throughout the trading day U.S. equity futures nudged higher Thursday, while the dollar gave back recent gains against its global peers, as investors…

Futures rise as chip stocks bounce back after sell-off

finance.yahoo.com Futures for the S&P 500 and the Nasdaq gained on Thursday as some chip stocks recouped losses after a sell-off, while investors awaited Federal Reserve policymakers' stance…

Mortgage Rates over 7% and Heading Higher, Housing Market Still Frozen, Lots of Buyers on Strike as Prices Still Too High

nakedcapitalism.com Yves here. The sorry and at least until the Fed relents, worsening state the US housing market, undermines the Biden Administration cheerleading over the state of the…

The stock market is headed for a hard 'reset' that could take years to recover from, CIO says

finance.yahoo.com None Stocks are poised for a "reset," according to Technical Traders' Chris Vermeulen. • None Defensive areas of the market are rallying, which is typical in a late-stage…

Fed’s Beige Book Cites Weak Discretionary Spending

pymnts.com Eight times each year the Fed publishes what’s known as the Beige Book — a qualitative take from each of the 12 federal bank districts. The assessments cover everything from…

The lowest salary Americans will accept at a new job reached a record high

cnbc.com More people are looking for a new job, and they have high salary expectations. The lowest average pay people would be willing to accept a new job reached $81,822 as of…

Housing Starts Plunge 14.7 Percent, Multi-Family Very Weak For a Year

mishtalk.com Housing starts plunged in March, but for the past year, it’s really a tale of two markets, single-family vs multi-family. Housing starts from the Census Department, chart by…

Ex-New York Fed chief joins Binance.US board

cryptobriefing.com Binance.US has appointed former New York Federal Reserve Bank compliance chief Martin C. Grant to its board of directors. Binance.US said the appointment aims to boost…

Americans now expect a record $82K to change jobs

finance.yahoo.com It may be the era of the Big Stay or, depending on who you ask, the Great Talent Stagnation, in which workers just can’t come up with the skills employers are desperately…

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…

Former New York Fed officer joins Binance.US board

theblock.co Martin Grant, former chief compliance and ethics officer at the New York Fed, has over three decades of regulatory, legal and compliance experience and will help oversee the…

Binance.US Taps Former New York Fed Compliance Chief for Board Role

coindesk.com Grant, the current global head of regulatory affairs at JST Digital, takes on the role months after Changpeng Zhao, the founder and former CEO of the global Binance…

American workers want record wages to change jobs, NY Fed finds

aol.com A new report from the found that the lowest wage that American workers said they're willing to accept to take a new job reached a record high last month. The so-called…

The latest tech sell-off is a buying opportunity as earnings could power stocks 15% higher, Wedbush says

finance.yahoo.com None The latest sell-off in tech stocks is a fresh buying opportunity for investors, Wedbush said. • None Tech earnings this season are expected to be strong as the AI…

Americans want a record $82K to change jobs

fortune.com It may be the era of the Big Stay or, depending on who you ask, the Great Talent Stagnation, in which workers just can’t come up with the skills employers are desperately…

Treasury Yields Jump to New 2024 Highs After Hot US Retail Sales

finance.yahoo.com Most US Treasury yields climbed to new year-to-date highs, with the two-year note’s approaching 5%, after strong retail sales data further eroded investor confidence that…

'Hope' Hammered As Empire Fed Plunged In April

zerohedge.com 'Hope' Hammered As Empire Fed Plunged In April - Below All Estimates New York state factory activity contracted in April for a fifth straight month, printing at -14.3…

Stocks Pare Gains As Yields Soar; Tesla Skids On Big News

investors.com The Dow Jones rose early Monday, along with the S&P 500 and Nasdaq, as fears ebbed after Iran's Saturday attack on Israel. But they pared gains as Treasury yields soared.…

It's Not Just The Middle East: Here Are The Main Events This Busy Week

zerohedge.com It's Not Just The Middle East: Here Are The Main Events This Busy Week While back on Friday the market's attention was mostly on the start of earnings season, this weekend's…

Biden’s war on ‘junk fees’ misses the real problem

aol.com From claiming inflation was "transitory" to blaming it on Vladimir Putin, President Biden has seemed all too willing to ignore the enormous impact of inflation on everyday…

Futures Rise As Fears Ease, Retail Sales Jump; Tesla Slashes Jobs

investors.com Dow Jones futures rose solidly early Monday, along with those of the S&P 500 and Nasdaq, as fears ebbed after Iran's Saturday attack on Israel. Tesla (TSLA) fell on the…

New York Industry Continues to Slide Amid Sluggish Demand

barrons.com Factory activity in New York State recovered a little this month but remained weak as firms set out a gloomier view for the coming months, according to a New York Federal…

How Biden's Inflation Reduction Act Failed To Reduced Electricity Costs In Pictures

zerohedge.com How Biden's Inflation Reduction Act Failed To Reduced Electricity Costs In Pictures Authored by Mike Shedlock via MishTalk.com, Let’s check in on the not exactly impressive…

Surging inflation fears sent markets tumbling and Fed officials scrambling

cnbc.com The early data is in for the path of inflation during the first three months of 2024, and the news so far is, well, not good. Pick your poison. Whether it's prices at the…

The wallet-busting era of car ownership

axios.com This week's Consumer Price Index showed insurance prices up 22% over the last year, the largest annual jump seen in data that goes back 40 years. It's the latest sign the…

The stunning strength of the US economy means the soft landing may already be here, Evercore founder says

aol.com None The US economy may have already stuck the soft landing, according to Evercore founder Roger Altman. • None The investing veteran pointed to resilient growth, which has…

Best Crypto to Buy Now April 11

cryptonews.com Following a slow day of news that saw Bitcoin (BTC) trade in rangebound fashion in the $70,000-71,000 area, traders are turning to the altcoins markets as they hunt for the…

Tech leads rebound as traders move on from CPI and brace for earnings

aol.com None US stocks rose on Thursday as traders moved on from the hot CPI report and turned to earnings season. • None JPMorgan, Wells Fargo, and Citigroup will be turning in…

Credit Card Delinquencies in the US Reach Record High

tftc.io A new report from the Federal Reserve Bank of Philadelphia has revealed a concerning trend among American consumers: credit card delinquencies have surged to a record high.…

US Dollar retreats after PPI triggers knee jerk reaction for the Greenback

fxstreet.com The US Dollar touch softer after choppy trading during ECB rate decision and PPI release. • Traders jump into equities and send US equity in the green on the back of easing…

Futures slip as rate-cut hopes ebb

finance.yahoo.com The Nasdaq Market site is seen in New York (Reuters) - U.S. stock index futures dipped on Thursday as Treasury yields remained elevated a day after a hot inflation reading…

Share of Credit Card Accounts Past Due Hits 12-Year High

pymnts.com A growing share of credit card accounts are past due on their payments. The Federal Reserve Bank of Philadelphia said in a Wednesday (April 10) press release that the share…