Federal Reserve

The slew of weak data has increased the odds of a deeper cut by the Federal Reserve at the September meeting, weighing down on the dollar. Against the backdrop, economist Peter Schiff flagged the eerie possibility of the return of the yen-carry unwinding. What Happened: The U.S. dollar fell below...

Bank of America Corp (NYSE:BAC) CEO Brian Moynihan praised Warren Buffett on Tuesday as an investor in the company, but said he has not asked the legendary investor why he has lowered his position in Bank of America. “He has been a great investor for our company, stabilized our company...

The market is not fretting over the possibility of a recession, according to an analyst, despite concerns over the economy softening. There is one metric that proves that the U.S. is not headed there, said Nick Colas, co-founder of Datatrek. “U.S. corporate bond spreads are off their 2024...

The market sentiment seems to fluctuate as the index futures dipped slightly, indicating a lower opening on Tuesday. The CBOE Volatility, aka VIX, rose slightly but held around the 20 level. Oracle Corp.’s (NYSE:ORCL) earnings and the management’s comments regarding huge data center...

Renowned economist Peter Schiff has issued a stark warning about the U.S. economy, suggesting that Federal Reserve rate cuts will not stave off a recession. What Happened: Peter Schiff, a well-known gold advocate and critic of Bitcoin (CRYPTO: BTC), has issued a warning about the U.S. economy....

Exchange-traded funds (ETFs) investing in long-term U.S. Treasury bonds surged to their highest levels of the year as investors gear up for another benign inflation report due Wednesday. The popular iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) ended Monday's session at $99.99 per share, its...

U.S. stocks started the new week with strong gains, as all major indices and sectors in the S&P 500 were in the green by midday in New York. This comes after Wall Street experienced its worst week of the year. Investors kicked off Monday with renewed optimism, anticipating a boost from Apple...

Historically, September has been a sluggish month for the stock market, a trend that continued this year, with the S&P 500 Index declining 4.4% in the first week. With the Federal Reserve's first interest rate cut since March 2020 in focus, investors are on the edge. This was further...

It is usually considered good news when businesses are hiring instead of firing, but they aren’t doing either, according to an analyst. “We’re stuck in the ‘great wait’ economy,” Callie Cox, chief marketing strategist with Ritholtz Wealth Management, wrote on X...

In the context of inflation, was the Federal Reserve late to tighten monetary policy and hike interest rates? Most would agree the answer is yes. But the Fed doesn’t have just one mandate of promoting price stability. It has a dual mandate of promoting both price stability...

U.S. stocks appear on track to start the new week on a positive note, following their steep sell-off in the week ended Sept. 6 on macro concerns. Bargain hunting in beaten-down tech stocks could give the market a lift even as traders remain wary about the week’s twin inflation reports that...

The S&P 500 index endured its sharpest weekly decline in over a year and a half — a drop that hasn't been seen since the banking crisis in March 2023. A cooler labor market report prompted investors to reduce their risk exposure after three consecutive weeks of gains. On Friday, Wall Street...

September’s notorious volatility has once again gripped the markets as cooling jobs data spurred Wall Street into its worst week of the year. In August, the U.S. economy added 142,000 jobs — a rebound from July's disappointing 89,000 figure but below expectations of 160,000 and significantly...

The U.S. Treasury market rallied sharply on Friday after August labor data showed weaker-than-expected job growth, bolstering bets on Federal Reserve interest rate cuts. The U.S. economy added 142,000 nonfarm payrolls last month, an increase from 89,000 in July but missing the expected increase to...

Friday’s lower unemployment figure is a strong indication that the Federal Reserve may cut rates by 0.25% instead of 0.50% when it meets in less than two weeks, economists say. “This is the moment we've all been waiting for and, based on the data, it looks like the Fed won't need to...