Can Powell Tame Inflation and Keep the Market Happy?

The Federal Reserve is losing control over the inflation narrative

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

Will Easy Credit and Rising Stocks Hinder the Fed’s Inflation Fight?

inflation on the rise

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

Federal Reserve Expected to Raise Interest Rates and Signal Continued Vigilance against Inflation

Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July 27, 2022

The Federal Reserve is predicted to increase interest rates by a quarter of a percentage point and also likely indicate that it will continue to remain cautious in its efforts to combat inflation, even as it decreases the magnitude of its hikes. On Wednesday at 2 PM ET, the Fed will announce its latest rate … Read more

Barclays Upgrades Global Growth Forecast to 2.2% in 2023: Positive Data Surprises and China’s Reopening Drive Optimism

European Central Bank Eurosystem

The global economy is showing signs of improvement, with economists upgrading their previously gloomy outlooks. Last week, data releases revealed a slowdown in inflation and less severe downturns in activity. This prompted Barclays to raise its global growth forecast to 2.2% in 2023, an increase of 0.5 percentage points from its last estimate. China’s reopening … Read more

Wholesale prices rose 0.2% in October, less than expected, as inflation eases

Wholesale prices rose 0.2% in October, less than expected, as inflation eases

Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported Tuesday. The produce price index, a measure of the prices that companies get for finished goods in the marketplace, rose 0.2% for the month, against the Dow Jones estimates for a 0.4% … Read more

Inflation data raises doubts about whether Fed will ‘stay the course’: Morning Brief

The Federal Reserve is losing control over the inflation narrative

Stocks and bonds had an especially bullish reaction to new data out Thursday showing that inflation continues to moderate after reaching a 40-year high over the summer. The Dow (^DJI), Nasdaq (^IXIC), S&P 500 (^GSPC) and Russell 2000 (^RUT) each had their best day since the 2020 pandemic lows. The 5- and 10-year Treasury Notes (^FVX, ^TNX) saw … Read more

Wall Street Analyst ‘Pulling the Plug’ on Bitcoin Miners Owing to Bear Market Woes

Wall Street Analyst ‘Pulling the Plug’ on Bitcoin Miners Owing to Bear Market Woes

Bitcoin miner Core Scientific (CORZ) and Argo Blockchain (ARBK) were downgraded from buy to neutral by Wall Street investment bank DA Davison as crypto winter continues to weigh heavily on the profitability of the miners, analyst Chris Brendler wrote in a note Friday. “Persistent inflation and rising pessimism around interest rates have pushed back the … Read more

Wholesale prices rose 0.4% in September, more than expected as inflation persists

Wholesale prices rose 0.4% in September, more than expected as inflation persists

Wholesale prices rose more than expected in September despite Federal Reserve efforts to control inflation, according to a report Wednesday from the Bureau of Labor Statistics. The producer price index, a measure of prices that U.S. businesses get for the goods and services they produce, increased 0.4% for the month, compared with the Dow Jones … Read more

Cryptocurrencies XRP, MKR Shine as BTC, ETH Hold Steady Ahead of US Inflation Figure

Cryptocurrencies XRP, MKR Shine as BTC, ETH Hold Steady Ahead of US Inflation Figure

Payments-focused cryptocurrency XRP and MKR, the governance token of the peer-to-peer lending platform Maker, are rallying in an otherwise moribund crypto market awaiting the release of the Federal Reserve’s preferred measure of U.S. inflation: core personal consumption expenditure (PCE). XRP traded recently at $0.492, representing an 11% gain over 24 hours and MKR changed hands … Read more

Binance’s CZ: Here’s how to weather the crypto winter

Binance's CZ: Here's how to weather the crypto winter

Crypto companies looking to weather the bear market should apply general business principles to power this new-age financial services technology. Inflation, a bear market, recession – the number one question I field is when will the crypto winter be over. We’ve watched the total market cap of crypto assets decline from more than $2 trillion … Read more