Wall Street closed sharply higher on Wednesday following Fed Chairman Jerome Powell’s confirmation that a shift from the central bank’s ultra-dovish monetary policy is not immediate. Moreover, problems related to the beleaguered Chinese...
Related topics: Banking
Wells Fargo & Company’s WFC looming $1.95-billion asset cap is likely to stay put “until the firm has comprehensively fixed its problems,” Federal Reserve Chair Jerome Powell said in the September FOMC press conference when...
Related topics: Wells Fargo, FOMC
In the FOMC meeting that concluded on Sep 22, the Federal Reserve Chair Jerome Powell kept the interest rates near zero at 0-0.25% but signaled bond-buying tapering ahead followed by interest rate hikes as early as next year.The central bank is...
Related topics: FOMC, Banking
US Congress Quietly Sneaks In Crypto-Bill Amendment Authorizing Central Bank Digital Currency
Authored by Wesley Thysse via DecentralizedLegalSystem.com,
The future of money is here; will the Federal Reserve Board be authorized to use...
The Covid crash recovery (March 23, 2020 to present) was starting to look like it was on shaky ground: High equity prices, an uptick in market volatility after a period of tranquility, concerns about the Federal Reserve ending QE + low...
Bond Bulls Are Puking...
As stocks soar on the day after The Fed, yesterday's bid for the long-end of the bond curve has been eviscerated...
Source: Bloomberg
With The Fed's hawkish comments sending real yields soaring...
Source:...
Related topics: Bloomberg
Household Net Worth Hits Record $142 Trillion, Up $31 Trillion Since COVID, But There Is A Catch...
Another quarter, another record high in (1%er) household net worth.
The Fed's latest Flow of Funds report released at noon today showed...
Jerome Powell.
Pool/ Getty Images
Fed Chair Jerome Powell said he wasn't aware of "specifics" behind stock trades made by two top policymakers while in office.
He avoided saying he has confidence in Dallas and Boston Fed presidents...
It took a Fed statement on Wednesday to snap the market out of its sour September mood and finally end a four-day losing streak. The major indices were each up approximately 1%.
Basically, the economy is improving enough that scaling back the...
Futures Rise On Taper, Evergrande Optimism
US index futures jumped overnight even as the Fed confirmed that a November tapering was now guaranteed and would be completed by mid-2022 with one rate hike now on deck, while maintaining the...
Peter Schiff Slams "The Fed That Cried Taper"
Via SchiffGold.com,
The Federal Reserve wrapped up its September FOMC meeting Wednesday and once again left its extraordinary loose “emergency” monetary policy in place. Quantitative...
Related topics: FOMC
Independent Advisor Alliance's CIO breaks down the Fed's tight rope walk to keep the bull market roaring.
Johannes Eisele/Getty Images
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September has been a rough month for many tech stocks. Concerns about frothy valuations, the Fed's tapering efforts, and a potential financial crisis in China torpedoed many high-flying tech stocks.However, many slower-growth, dividend-paying names...
Related topics: Dividend, China
BOE Votes 7-2 To Keep Bond Buying Unchanged, Says Developments "Strengthen Case For Modest Tightening"
One day after the Fed issued a hawkish statement effectively advising the market tapering will begin in November, and just hours...
* FDA authorizes Pfizer booster shots for older and higher-risk Americans
* Pace of new US Covid-19 cases expected to rise in weeks ahead, experts predict
* Federal Reserve expects ‘transitory’ inflation to persist
* Fed chief says taper...
Related topics: Pfizer, Inflation
MSNBC anchor Rachel Maddow was fed up with the unvaccinated overwhelming state hospital systems.
"We are following breaking news out of the great state of Alaska where Alaska's Republican governor, Mike Dunleavy has just announced that Alaska has...
Related topics: Anti Vaxxers, MSNBC
Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 320 thousand initial claims, down from 332 thousand last week.• Also at 8:30 AM, Chicago Fed National Activity Index for August....
Related topics: Unemployment
NEW YORK (Sputnik) - Stocks on Wall Street rose broadly on Wednesday after the Federal Reserve said it will extend its stimulus support for the US economy beyond the targeted mid-2022 finish if necessary, and take even more care in raising interest...
We have seen buyers entering into a market stretched to the downside after Monday’s big sell-off on China economy concerns (that have since cooled off) and ahead of the Fed report on monetary policy. Chips were being put on a positive message...
Related topics: China
Three Key Takeaways From The Fed Meeting
Confirming what we said in "It's Official: Tapering To Begin In November, End In July", the FOMC today paved the way for a taper start in two months when it said "the Committee judges that a...
Related topics: FOMC