Fed’s fight against inflation could cost US 1.2 million jobs

Minneapolis CNN Business — In its efforts to reduce historic inflation and cool the economy, the Federal Reserve has used multiple euphemisms to describe the potential impact on Americans’ jobs, from economic “pain” to “unfortunate costs” and a job market”. However, data does not mince words. The Fed’s latest economic forecast, released Wednesday alongside a … Read more

From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in … Read more

US Federal Reserve Decision Could Cause a Recession: Motley Fool, Stephen Jones

Australians are being told they are “preparing” for further financial pain, including a potential recession, after the US Federal Reserve raised interest rates to the highest levels since the global financial crisis. The central bank raised the country’s cash interest rate by three-quarters of a percentage point to 3.25 percent, and said further rate hikes … Read more

Fed must raise interest rates by 150 basis points: Wells Fargo

It’s a move that would likely cause panic on Wall Street. But Michael Schumacher of Wells Fargo Securities suggests the Federal Reserve is raising interest rates too slowly, telling CNBC’s “Fast Money” that he would seriously consider a 150 basis point hike this week if he were chairman Jerome Powell. “The Fed knows the destination. … Read more

Steep rate hike Fed seen as certainty after ugly inflation figures

Federal Reserve chairman Jerome Powell said policymakers must continue to act vigorously to address the raging price pressures that are weighing on American families. — AFP file photo Sunday 18 Sep 2022 13:45 MJT WASHINGTON, Sept. 18 — The Federal Reserve is poised to unleash another massive rate hike this week after the latest data … Read more

Inflation ‘collapse’ will lead to big stock market gains: Credit Suisse

Credit Suisse expects the Federal Reserve to halt rate hikes earlier than widely expected due to falling inflation. According to the company’s chief US equity strategist, it will launch a powerful market breakout. “This is basically what’s broadly priced in the market,” Jonathan Golub told CNBC’s “Fast Money” on Monday. “Every one of us sees … Read more

Treasury yields lower than expected US consumer report

Bond yields fell slightly on Monday as markets waited for data on consumer inflation expectations. The return on the benchmark 10-year Treasury Note was down 1 basis point, trading at 3.3098% around 4.15pm ET. The yield on the 30-year government bond fell below a basis point to 3.4527%. The yield on the 2-year Treasury was … Read more

European stocks close higher after record ECB interest rate hike

European markets closed higher on Friday as investors reacted to a record rate hike by the European Central Bank and further comments from Federal Reserve Chairman Jerome Powell. The pan-European Stoxx 600 ended up 1.6% for the time being, with all sectors and major exchanges positive. Mining stocks were up 3.2% to gain, while technology … Read more

Watch Fed Chair Jerome Powell live during Q&A at the Cato Institute

[The stream is slated to start at 9:10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks in a question-and-answer session Thursday morning at the Cato Institute, a Washington, DC-based think tank. His comments come along with markets widely expecting the … Read more

Fed Vice President Brainard pledges ‘we’ll be in this as long as it takes’ to stop inflation

Federal Reserve Vice-Chairman Lael Brainard vowed Wednesday to fight inflation, which she says is hurting lower-income Americans the most. That means more rate hikes and higher interest rates for longer, she said in comments prepared for a speech in New York. “We’ll be in this for as long as it takes to curb inflation,” the … Read more