Federal Reserve

Ahead of the market open on Tuesday, a Fed official warned that the war against inflation is far from over. What Happened: The strong January payrolls report showed that the central bank has more work to do in its fight against inflation, said Minneapolis Fed President Neel Kashkari in an...

Stocks look set for another nervous session on Tuesday as traders look ahead to comments from Fed Chair Jerome Powell and another batch of earnings reports. Cues From Monday’s Trading: The major U.S. averages ended Monday’s session lower, extending the losses from the previous session...

An extremely tight labor market, coupled with historically low unemployment and high demand for workers put upward pressure on wages and prices, with inflation reaching 6.2%. Despite those conditions, a recession was on the horizon as the Federal Reserve tightened monetary policy to curb inflation...

It was hardly a slow-news weekend as the U.S. took some coercive action on the Chinese spy balloon hovering in its airspace, and Turkey and Syria suffered a horrendous earthquake that claimed hundreds of lives. On the business side of things, Apple Inc. (NASDAQ: AAPL) looks like it's coming up...

Stock futures indicate major Wall Street indices are expected to open lower this week that will see a crucial speech by Federal Reserve Chair Jerome Powell at the Economic Club of Washington on Tuesday. The speech will be watched carefully by market participants as it comes after Friday’s...

Prominent market commentator Jim Cramer reportedly said the January jobs report shows the economy will remain resilient, despite the Federal Reserve’s interest rate hikes. What Happened: “If the Fed Chief wants to raise interest rates quarter after quarter, this economy can actually...

MIT Professor Olivier Blanchard has explained the dilemma faced by the Federal Reserve in the current economic environment as akin to avoiding ‘Charybdis and Scylla' — the proverbial notion of choosing the lesser of the two evils. According to the Labor Department’s...

Former U.S. Treasury Secretary Lawrence Summers believes Friday’s jobs report is a huge miss from the consensus and the labor market is running very different than lots of other indicators in the economy that are showing some signs of real slowing. What Happened: “One idea would be that...

Jerome Powell marked his five-year anniversary as the chairman of the Federal Reserve on Sunday. During his tenure, which began on Feb. 5, 2018, the S&P 500 has gained 56%, the Nasdaq Composite has risen 72%, and the Dow Industrial Average is up 39%. Powell is the Fed's 16th chairman...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday after the Labor Department reported blowout U.S. jobs market numbers from January. The U.S. added 517,000 jobs in January, beating average economist estimates of 187,000 jobs. The unemployment rate dropped to 3.4%, below economist...

Ray Dalio, founder, CIO Mentor and member of the Bridgewater Board believes cash is pretty attractive now, both in relation to stocks and bonds. What Happened: The billionaire’s statement is a reversal from his earlier stance when he believed cash was trash. “We are now in a...

The International Monetary Fund has said in a blog that central banks must be resolute in their fight against inflation and ensure policy remains appropriately tight long enough to durably bring inflation back to target. What Happened: Authors Tobias Adrian, Christopher Erceg and Fabio Natalucci...

Trading in the U.S. index futures suggests stocks may end a solidly positive week on a negative note. That said, the data-dependency of the Fed places the onus of providing trading cues to each incoming economic data. The U.S. non-farm payrolls data due ahead of the market open, if perceived as...

Tesla Inc. (NASDAQ: TSLA) and Meta Platforms Inc. (NASDAQ: META) shares have surged significantly since the beginning of 2023. While Tesla gained over 74% this year, Meta has surged over 51%. What Happened: As tech stocks continue to rally with the Federal Reserve dialing down its rate hike pace...

Cathie Wood of ARK Investment Management reportedly said she won’t be surprised if the Federal Reserve cuts rates this year and that she believes the bigger risk is deflation. What Happened: “I would not be surprised to see the Fed cut rates this year. One of the other reasons that we...