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 … 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 … 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 … Read more
Stock futures were little changed Friday absorbed new inflation data ahead of Federal Reserve Chair Jerome Powell’s speech in Jackson Hole, Wyoming. Futures tied to the Dow Jones Industrial Average lost 11 points, or 0.03%. … Read more
The Federal Reserve is widely expected to raise interest rates by another three-quarters of a point Wednesday, and it could surprise markets by sounding even more unrelenting about tightening policy. That means the Fed would … Read more
U.S. stocks declined Wednesday, giving up some of the previous session’s sharp gains. The Dow Jones Industrial Average dropped 265 points, or 0.9%, while the S&P 500 fell 0.8%. The Nasdaq Composite slipped 0.7%. Those … Read more
Key Points: Fed Chairman Jerome Powell said Wednesday that the central bank is “strongly committed” to bringing down inflation and can do so with its monetary policy tools. That means higher interest rates until “compelling … Read more
Again, the Fed managed to force stocks to new all-time highs during an economic shutdown. You can focus on value investing, momentum investing, day-trading… but whatever you do, DO NOT fight the Fed. And right now … Read more