Jim Caron, head of macro strategies for global fixed income at Morgan Stanley Investment Management, warns of potential volatility in the market due to potential misinterpretations of Powell’s comments. Investors will be closely monitoring Powell’s outlook on the economy, with economists forecasting a potential recession and the Fed projecting slow growth and a rise in … Read more
Could Overly Easy Credit and a Soaring Stock Market Threaten the Fed’s Fight Against Inflation? As the Federal Reserve kicks off its two-day meeting, stocks continue to rally, with the S&P 500 ending January with a gain of 6.2%. The tech sector performed even better, with a 9.2% increase in the same period. Meanwhile, interest … Read more
U.S. stock futures were slightly higher on Thursday morning following a big decline in the major averages as traders weighed another large rate hike from the Federal Reserve. Dow Jones Industrial Average futures rose 110 points, or 0.36%. S&P 500 futures added 0.27% and Nasdaq 100 futures inched 0.1% higher. Stocks closed lower on Wednesday, … Read more
BitcoinBTCUSD +1.09% and other cryptocurrencies slipped Wednesday as risk sentiment faltered across markets in the lead-up to the latest monetary policy decision from the Federal Reserve. The price of Bitcoin has fallen 0.3% over the past 24 hours to $19,177. The largest crypto remains firmly outside the $20,000 to $25,000 range in which it largely has traded since mid-June, … Read more
With risk assets, including bitcoin, under pressure ahead of Wednesday’s pivotal Federal Reserve (Fed) meeting, pundits think markets have already incorporated a super-sized rate hike. So the focus will be on what the Fed says concerning the persistent core inflation, (core inflation strips out the energy and food components), and the labor market and demand conditions that … Read more
It’s not what the Federal Reserve does, but what it says it could do in the future that will be most crucial when the central bank ends its two-day meeting Wednesday. The Fed is expected to fire off another three-quarter point rate hike — its third in a row. It will also release quarterly forecasts … Read more
The view that bitcoin’s (BTC) fate is closely tied to what the Federal Reserve (Fed) does has been widely discussed. As a result, most traders looking to time the next parabolic bull run are waiting for the world’s most powerful central bank to declare victory over inflation and abandon liquidity tightening. While the Fed decisions … Read more
Bitcoin (BTC) dipped to its lowest price in over a month after U.S. Federal Reserve Chair Jerome Powell doubled down on restrictive monetary policy early Friday at the central bank’s Economic Symposium. The largest cryptocurrency by market capitalization hit a low of $20,549 but is now trading around $20,666, down 4.3% over the past 24 … Read more
Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he expects the central bank to continue raising interest rates in a way that will cause “some pain” to the U.S. economy. In his much-anticipated annual policy speech at Jackson Hole, Wyoming, Powell affirmed that the Fed will “use our … Read more
Investors are looking for new guidance in Federal Reserve Chairman Jerome Powell’s Jackson Hole, Wyoming, speech Friday, but he could instead deliver the same inflation-fighting message, just with a much tougher edge. Powell is expected to emphasize that the central bank will use all the firepower it needs in the form of interest rate hikes to snuff out … Read more
