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Market Wrap For November 20: Inflation Data Points To "No" Tapering, Fed Meeting Notes Points To "Yes" Tapering
Wednesday, November 20, 2013 - 6:02pm | 2026Read More...Investors and traders welcomed news of lower than expected inflation. The U.S. Labor Department monthly Consumer Price Index (CPI) data for October fell 0.10 percent, compared to an estimated flat reading. Year over year, the index is up 1.00 percent, in line with expectations. The Fed's target...
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Benzinga Market Wrap For August 21: FOMC Minutes Send Markets Spinning
Wednesday, August 21, 2013 - 4:24pm | 718Read More...Markets were incredibly volatile Wednesday, eventually closing significantly lower. Equities shot down after the Fed’s minutes were released, and quickly recovered before tanking to end the day. Major Averages The Dow Jones Industrial Average closed down 105.44 points, or 0.7 percent to 14,...
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World Markets are Panicking after Bernanke's Comments
Thursday, June 20, 2013 - 7:47am | 488Read More...Markets around the world are getting crushed. That includes equity, commodity and currency - but most notably, gold. First: equities. The U.K. FTSE 100 is currently at session lows-down two percent, the German DAX, also close to session lows, down 2.4 percent, and the French CAC down 2.2...
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Fed's Bernanke Dodges QE, Talks Shadow Banking
Tuesday, April 10, 2012 - 9:21am | 84Read More...Yesterday evening in a speech, the Federal Reserve's Chairman Ben Bernanke addressed financial regulation. Bernanke stated that the Fed was continuing to look at financial regulation, and the effects of implementing the Volcker rule. Bernanke also mentioned shadow banking, and the need to consider...
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Central Banks Have Reached Their End Game
Tuesday, August 9, 2011 - 12:53pm | 443Read More..."The markets have called Bernanke's bluff," says Graham Summers, chief market strategist at Phoenix Capital Research. The problem, according to Summers, is that Bernanke and company don't have any cards left. Benzinga Radio got his thoughts on yesterday's 6.66% market plunge and the response we'll...
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Bernanke: Most Hated Man in America?
Friday, June 24, 2011 - 11:35am | 568Read More...With the economy continuing to struggle, more and more Americans may be growing restless. Now, it appears as though the public may be beginning to blame Federal Reserve Chairman Ben Bernanke for the nation's ills. A recent Bloomberg poll found that 26% of Americans view the Chairman unfavorably,...
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Fed Chairman Bernanke Believes Consumer Spending To Improve In Forthcoming Quarters
Monday, August 2, 2010 - 4:18pm | 267Read More...According to an article on Bloomberg, Federal Reserve Chairman Ben S. Bernanke said that even though consumer confidence is being driven down by weak job gains, hike in wages is likely to drive household spending in the forthcoming quarters. While speaking in Charleston, South Carolina, Bernanke...
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The Euro is a Red Herring!!!
Friday, May 21, 2010 - 6:00am | 840Read More...“The Euro is falling!” they scream on CNBC. Who cares!? Not me. It’s supposed to be falling. They’ve got too much debt and slowing growth. EUR denominated rates should come down and there is growing risk the European Monetary Union will break up. By themselves, these facts (assertions?) do...
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Bernanke Edges Closer To Confirmation
Monday, January 25, 2010 - 9:01am | 176Read More...Federal Reserve Chairman Ben Bernanke appears closer to winning support for a second term CNBC reports. Uncertainty over Bernanke's confirmation rattled investors last week and helped contribute to the worst three-day slide for U.S. stocks since last March. A spokesman for Senate Majority Leader...
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Will 2010 be Jinxed for Fed Chairman Bernanke?
Thursday, December 17, 2009 - 3:53pm | 157Read More...At the FOMC meeting on December 15-16, the Fed reiterated its intention of keeping interest rates “at exceptionally low levels for an extended period.” Since the market expected the Fed’s statement, there was limited reaction in the bond, equity and foreign exchange markets. The Fed continued to...
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"Bubbles" Bernanke Shouldn't Be Reconfirmed
Wednesday, December 2, 2009 - 2:40pm | 255Read More...Up for re-confirmation as the Fed chief this Thursday, Goldman Sachs alumni, Ben Bernanke is a poor choice for the job. Along with current Treasury Secretary Tim Geithner, another former Goldman exec, Bernanke ran the largest economy in the world off the tracks by pursuing a free market ideology...
