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After stock market selloff, bitcoin dips again
... triggered new restrictions around the world. Scientists are trying to determine how effective current vaccines will be against Omicron. There was heightened worry about the Federal Reserve 's inflation due to fears of another economic slowdown. Chairman Jerome Powell said the central bank was ready to pull back its easy-money policies quicker than previously expected, opening the door to raising interest rates in the first half of next year. Higher rates make holding speculative assets less attractive. When ...
Updated: 12/05/2021
5 views on how dangerous the Fed is on
A small shift in language of Jerome Powell had major consequences for markets last week and has left investors wondering how concerned they should be about the future. A small shift in language of Jerome Powell had major consequences for markets last week and has left investors wondering ...
Updated: 12/04/2021
After stock market selloff, criptocurrency dips sharply
... Travel was starting to bounce back after the Omicron variant triggered new restrictions around the world. Fears of another economic slowdown and the worry of the Federal Reserve over inflation are mixed with fears of another economic slowdown. Chairman Jerome Powell said this week that the central bank was ready to pull back its easy-money policies quicker than previously expected, opening the door to raising interest rates in the first half of next year. The higher rates make it less attractive to hold speculative ...
Updated: 12/04/2021
The U.K. yield curve flat as traders weigh inflation
... in all these factors. If the Bank of England has to act on higher inflation while the economy is not great, that is going to slow things down the line. You can see why the yield curve should be very flat. The U.S. yield curve fell after Fed Chair Jerome Powell opened the door to a faster pace of tapering this week, which caught analysts who expected a dovish tone after the arrival of the new variant unawares. Risk assets collapsed and credit markets posted their worst November in ten years as reports ...
Updated: 12/04/2021
Us economy: services industry activity hits new record high
... positive contribution to the ISM non-manufacturing index. In this instance, slower supplier deliveries indicate continued pandemic-related shortages. In October, the survey's price of services industries fell to 82.3 from 82.9. Federal Reserve Chair Jerome Powell told lawmakers on Tuesday that the risk of higher inflation has gone up. A measure of new orders received by services businesses held at a record 69.7 last month.
Updated: 12/03/2021
Stocks are getting better after disappointing payrolls report
... the main issues. The question is how much corporate America can keep up with demand. Supply chain issues, surging commodity prices and emerging Coronaviruses variants have pushed inflation to the highest in over a decade. It was prompted by Fed Chair Jerome Powell to retire the word transitory from the lexicon, an acknowledgment that rising prices appear to be persistent and need to be addressed. The Fed chair also put a faster pace of tapering the central bank's bond purchases on the table. The November ...
Updated: 12/03/2021
Wall Street set to open higher after weak U.S. jobs growth e-minis
... increase by 550,000 jobs. Thomas Hayes, managing member at Great Hill Capital Llc in New York, said that the payrolls numbers are a big disappointment and the market is up because the market is anticipating the Fed can't be so quick. The Fed Chair Jerome Powell said earlier this week that the U.S. central bank will consider a faster wind-down to its bond-buying program, a move that has been seen as opening the door to earlier interest rate hikes. Equity markets flitted between gains and losses as investors ...
Updated: 12/03/2021
European stocks rise as traders await US jobs report
... other variants and that existing vaccines would provide protection. After months of saying the inflationary spike was temporary, the Federal Reserve has now turned its focus on keeping surging prices out of control by tightening interest rates. Boss Jerome Powell suggested this week that the bank would speed up the phasing out of its bond-buying programme and then focus on lifting borrowing costs. A strong jobs report will be great for the economy but it will cause further pressure on the Fed to tighten ...
Updated: 12/03/2021
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