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Bank Of America Sees 20% Upside In Caterpillar
Monday, December 3, 2018 - 3:25pmRead More...The economic boom cycle remains in the late stages, but recent macro events now supports a bullish stance on Caterpillar Inc. (NYSE: CAT), according to Bank of America. The Analyst Bank of America's Ross Gilardi upgraded Caterpillar from Neutral to Buy with a price target lifted from $140 to $...
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Powell Pushes Gold ETFs Higher... Sort Of
Thursday, November 29, 2018 - 9:32amRead More...The SPDR Gold Shares (NYSE: GLD) and rival gold-backed exchange traded funds traded modestly higher Wednesday after Federal Reserve Jerome Powell said interest rates are close to “neutral.” Three interest rate hikes this year and the subsequently stronger dollar are among the most...
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Powell Vs. Trump: Fed Chair Hits Dovish Tone As President Ramps Up Criticism
Wednesday, November 28, 2018 - 1:20pmRead More...Investors got what they were hoping for from the Federal Reserve Wednesday when Chairman Jerome Powell said interest rates are currently “just below” neutral. Powell’s statement comes after he was harshly criticized by President Donald Trump this week, who appointed Powell as...
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Despite Fed Seeing Slower Business Investment, Rates Seen Rising Next Month
Thursday, November 8, 2018 - 4:49pmRead More...The table appears set for one more Fed rate hike this year after the central bank elected Thursday to keep interest rates unchanged for now. The economy continues to fire on most cylinders, according to the Federal Open Market Committee (FOMC), though the FOMC’s statement did note that...
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What Is The 'Fed Put' — And Is It Still In Place?
Saturday, October 6, 2018 - 3:46pmRead More...The Federal Reserve has faced some harsh criticism for its interest rate hikes in recent quarters. In the past, stock market investors have taken comfort in the idea of a “Fed put” that supports stock prices, or at least does them no harm. Here’s a closer look at what exactly the...
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Did Hurricane Blow Down Jobs Growth? Weak Headline Number But Wage Growth Muted
Friday, October 5, 2018 - 9:09amRead More...The old adage about not judging a book by its cover probably applies to Friday’s September payrolls report. Though the headline jobs growth number slid dramatically, there may be enough creamy filling inside to paint a relatively positive picture about the economy. Most importantly, the...
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Lunch With Powell: Fed Chair To Speak Later, But Focus Now On Weak Europe, Trade Relations
Tuesday, October 2, 2018 - 9:38amRead More...After a new North American trade agreement gave investors a break Monday from last week’s intense interest rate focus, attention could zero back in on the central bank today as Fed Chairman Jerome Powell delivers a lunchtime speech. Meanwhile, stocks appear to face some pressure after Europe...
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Opinion: Will Powell Blink On Reducing The Fed Portfolio?
Monday, August 27, 2018 - 11:26amRead More...Last week, Federal Reserve Board Chairman Jerome Powell confirmed that the Federal Open Market Committee intends to keep raising short-term interest rates based upon the strength of the U.S. economy. Powell gave no indication that he is concerned about the rapidly approaching inversion of the...
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Trump Weighs In On The Federal Reserve: 'I'm Not Thrilled'
Thursday, July 19, 2018 - 1:49pmRead More...Presidents rarely criticize the Federal Reserve while they are in office, but Donald Trump has never been one to follow Washington conventions. On Thursday, Trump addressed the Fed interest rate hikes in 2018 in an interview with CNBC, and the market reaction shows investors were listening. What...
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Fed Chair Powell Paints Rosy Picture Of US Economy
Tuesday, July 17, 2018 - 12:17pmRead More...Federal Reserve Chairman Jerome Powell on Tuesday delivered his semiannual testimony to the Senate Committee on Banking, Housing and Urban Affairs, and he had positive things to say about the health of the U.S. economy. Powell said he doesn’t see any reason why the Fed should stop raising...
