Wall Street analysts: Warsh and FOMC likely hold or hike due to oil prices and Iran
President Trump’s campaign for lower interest rates in the U.S. faces another setback this week at the meeting…
US debt is the ‘elephant in the room’ amid bond rout as interest costs could drive larger deficits
Recent weeks have seen a major selloff in the bond market as high oil prices spike inflation, but…
Investors write off any move from the Fed this month after CPI, Iran talks
With President Trump’s focus squarely on Iran at present, Jerome Powell and the U.S. Federal Reserve are getting…
June Fed rate hike odds just surpassed rate cut odds as stagflation fears grow
The war in Iran has sent energy prices soaring, stoking inflation fears that could undercut President Donald Trump’s…
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Here we go again. It’s Federal Open Market Committee (FOMC) meeting week, and Chair Jerome Powell is likely…
Don’t fixate so much on Fed rates, but the loss of its independence will be punished, BofA CEO says
Bank of America CEO Brian Moynihan pointed out the U.S. economy is much bigger than the Federal Reserve,…
The Fed delivers a rare ‘hawkish cut’ as Powell tries to steady a softening job market
The Federal Reserve cut rates for a third straight meeting on Wednesday in what analysts call a “hawkish”…
Economist Mohamed El-Erian says next Fed chair should reform central bank
As the Federal Reserve eyes a period of transformation to a new chairman, famed economist Mohamed El-Erian is…
The Fed is so divided that the next vote on rates could result in an unprecedented tie, analysts say
The typically consensus-driven Federal Reserve is looking more and more divided lately, so much so that next month’s…
FOMC notes show Powell facing a divided Fed as odds of interest cut falls
It’s looking increasingly likely that Jerome Powell’s Christmas gift to markets will be an economic lump of coal,…
White House official says October jobs and inflation data are likely to never be released
The government is beginning to reopen after President Donald Trump signed a House-passed funding package on Wednesday night,…
Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad
The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, a…