Fed Officials Spar Over Whether Rate Cuts Risk Credibility on Inflation- WSJ
Federal Reserve officials reinforced Friday why this week’s rate cut was so contentious. In public comments, one argued that the central bank had room to...
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Fed Chair Jerome Powell Says U.S. May Be Drastically Overstating Jobs Numbers – WSJ
Fed Chair Jerome Powell pointed on Wednesday to a job-market risk that economists have been worried about for months: Official statistics could be drastically overstating...
We’re in a ‘windchill’ economy, where things feel worse than they are – CNN
Most Americans agree: This economy stinks.Practically every consumer sentiment survey and political poll points to that theme. People feel like their dollars aren’t stretching as...
Great Income Squeeze Begins as Fed Spells End to Easy Yields – Bloomberg
For income investors, the days of easy returns are vanishing. In recent years, investors were paid handsomely to play it safe. Short-term US Treasuries offered...
Why does the stock market care so much about a rate cut? – CNN
Just a few weeks ago, the stock market stumbled over fears that artificial intelligence stocks might be in a bubble. Now stocks are back within...
Top Australian Economists Split on Rates as RBA Turns Hawkish – Bloomberg
Two of Australia’s top economists find themselves in different camps over the Reserve Bank’s next interest-rate move as Governor Michele Bullock’s surprise hawkish shift prompted...
Biotech rally mints huge profits for hedge funds – The Financial Times
Hedge funds have made significant profits during the recent biotech rally, as the sector experienced a surge in stock prices. Investors are betting on the...
Bank of Canada Expected to Begin Long Rate Pause With Wednesday’s Decision – WSJ
The Bank of Canada is widely expected to leave its policy interest rate unchanged on Wednesday, and most economists believe this will mark the start...
US Consumer Inflation Expectations Hold Steady in New York Fed Survey – Bloomberg
US consumer inflation expectations were stable in November while perceptions about job prospects improved, according to a survey from the Federal Reserve Bank of New...
Bank of America expands crypto access for wealth management clients – Reuters
Bank of America (BAC.N), will begin allowing its wealth advisers to recommend allocations to crypto in client portfolios from next month, the U.S. lending giant...