-
Fed Prepares For First Rate Cut, But Is It Too Late? Ed Yardeni Calms Recession Fears Amid Recent Strong Data
2024 Sep 18, 8:58am | 488Even as the Federal Reserve prepares to announce its first rate cut in the current monetary policy cycle, some have expressed fears that the move could be a little too late to keep the economy from slipping into a recession. Market strategist and President of Yardeni Research Ed Yardeni, however,...
-
Is The Fed Playing With Fire? 'We See Greater Risk Of An Overheating Economy' As They Cut Rates, Veteran Investor Warns
2024 Sep 18, 8:44am | 734Three things in life seem certain as of Wednesday, Sept. 18: death, taxes, and the Federal Reserve’s announcing a cut to the fed funds rate at its imminent Federal Open Market Committee (FOMC) meeting. What remains uncertain is the size of the cut and its potential effects on the U.S. economy...
-
Wall Street On Edge As Traders Look Forward To Fed's First Rate Cut In 4.5 Years: Strategist Says This Will Dictate How Stocks Perform Longer Term
2024 Sep 18, 6:41am | 1168The index futures are slightly higher early Wednesday as traders turn defensive ahead of the all-important Federal Reserve meeting of the year. As is characteristic of a Fed decision day, stocks could mostly move sidewards in a narrow range until the rate decision is announced. The trading...
-
Kamala Harris Moves From 13-Point Deficit To 7-Point Lead Over Trump In Survey Of Fund Managers, Strategists And Economists: Here's Why Most Favor A Divided Government
2024 Sep 18, 4:05am | 661Vice President Kamala Harris, who replaced President Joe Biden on the Democratic ticket, has evinced confidence as the potential 2024 election winner, not only with the voters but also with the elite group which is well-versed with the pulse of the markets and economy. Likely Winner: Harris edged...
-
Mohamed El-Erian Warns Markets Have Gone Too Far In Pricing Fed As 'Single Mandate' Central Bank, Highlights Potential Disappointment Awaiting Investors Looking Forward To Rate Cut
2024 Sep 17, 11:14pm | 644Ahead of the Federal Reserve’s upcoming rate decision, Mohamed El-Erian has highlighted concerns about the potential for disappointing interest rate cuts due to the Fed’s focus on employment. What Happened: El-Erian, chief economic adviser at Allianz, highlighted concerns over the...
-
Bitcoin And Cryptocurrency Market Set For 'Biggest Bull Run Ever,' Says Trader, As Federal Reserve Interest Rate Decision Takes Center Stage
2024 Sep 17, 9:40pm | 742Ahead of the Federal Reserve’s upcoming rate announcement, prominent crypto trader Michaël van de Poppe has forecasted a significant bull run in the cryptocurrency market. What Happened: Van de Poppe stated on X, “Tomorrow is the big FED day and I think that we’re facing the...
-
Homebuilder Stocks Outperform Ahead Of Potential Rate Cuts — But What's Next?
2024 Sep 17, 4:22pm | 627Homebuilder and building product stocks could see an upward trend if the Federal Reserve cuts the key interest rate on Wednesday, based on historical performance, according to a major U.S. bank. The Fed is expected to lower rates by either 25 or 50 basis points, marking the first change since July...
-
10 ETFs Investors Secretly Bought Before The Fed's Make-Or-Break Interest Rate Call
2024 Sep 17, 3:39pm | 929The Federal Reserve is widely anticipated to cut interest rates at its upcoming Federal Open Market Committee meeting, with the decision set for release on Wednesday at 2 p.m. ET. The central bank has maintained the federal funds rate at 5.25%-5.5% since September 2023 and this week’s rate...
-
Small Caps, Bitcoin Rally As Traders Await Fed Rate Cut; Treasury Yields, US Dollar Tick Up On Strong Retail Sales: What's Driving Markets Tuesday?
2024 Sep 17, 1:37pm | 788Wall Street experienced a slightly positive session Tuesday, supported by investor optimism as the Federal Open Market Committee (FOMC) kicked off its two-day meeting, expected to deliver the first interest rate cut in over four years on Wednesday. The session’s notable performers were small...
-
Retail Sales Rise 0.1% In August, More Than Expected, Trimming Odds Of Larger Fed Rate Cut (CORRECTED)
2024 Sep 17, 12:09pm | 576Editor’s note: This story has been updated to correct the headline and to reflect that odds of a larger Federal Reserve interest rate cut fell after Tuesday’s economic data. The story has been updated with additional information on Federal Reserve rate cut probabilities. U.S. retail...
-
Retail Spending 'Remains On Solid Footing,' But Fed Must Weigh Rate Cuts' Impact On Workers, Says Economist
2024 Sep 17, 11:15am | 640Tuesday’s retail sales report for August indicates that the U.S. economy is doing pretty well, but the Federal Reserve is still expected to cut rates on Wednesday to avoid making the same mistakes as one of its predecessors, an economist says. “If the Fed doesn’t initiate its...
-
Wall Street Could Head Higher As Traders Look Forward To Retail Sales Data Ahead Of Fed Decision, Tech Stocks On The Mend: Strategist Flags This As Best-Case Scenario For Market This Week
2024 Sep 17, 7:02am | 1295U.S. stocks are priming for a positive start on Tuesday ahead of the release of the key August retail sales report. Traders could throng the tech space as they seek to take advantage of the recent pullback. The market and experts are divided over the magnitude of a rate cut, but a 25 basis-point...
-
Ahead Of FOMC Meeting Paul Krugman Says Fed Rates Will Be Elevated Even With 50 Bps Cut: 'Argument For Incrementalism Is Very Weak'
2024 Sep 17, 2:35am | 685The Federal Reserve’s rate-setting committee -the Federal Open Market Committee, kickstarts a two-day meeting on Tuesday and the futures market currently bakes in a 67% probability of a 50-basis-point rate cut. Ahead of the all-important meeting, Nobel laureate Paul Krugman said on Monday the...
-
Peter Schiff Says Unlikely That Fed Rate Cuts Will Lower Borrowing Costs, Predicts Rising Mortgage Rates And Dollar Collapse — Suggests 100 Basis Points Rate Hike As Cure
2024 Sep 16, 11:50pm | 670Economist Peter Schiff has cautioned that the upcoming rate cuts by the Federal Reserve may not lower borrowing costs, according to a post on X on Monday. What Happened: Schiff, known for his skepticism towards Bitcoin (CRYPTO: BTC), stated that mortgage rates have likely already hit their lowest...
-
Long-Dated Treasury Bond ETF Hits 14-Month Highs Ahead Of Imminent Fed Rate Cut
2024 Sep 16, 4:46pm | 601The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) surged 0.8% on Monday, climbing above $101 per share to its highest level since July 2023 as investors anticipate an imminent interest rate cut by the Federal Reserve. On the same day, Yields on the 30-year U.S. Treasury bond dropped to 3.93%,...