Equity futures signal muted start to the week, investors face inflation risk
... head of active equity at Allspring Global Investments , said on Bloomberg Television that this is where it's going to peak. She said markets are still facing a wall of worry due to rising rates and the impact of China's Covid lockdowns. Fed Governor Lael Brainard said that the U.S. central bank will move quickly to raise interest rates to a level that neither stimulates nor slows the economy this year. She said that a decision on paring the Fed balance sheet could be made as soon as May, with reductions ...
Updated: 04/13/2022
Inflation hits 8.5% in March, Fed sees a silver lining
... to gasoline prices going up to a new record, but the data sported enough soft spots for Wall Street pundits to declare peak inflation was at hand. There are officials who are banking that a long-awaited crest may be here. In March, the Fed Governor Lael Brainard said she was confident that we are going to achieve the Fed 's 2% inflation goal, because of the fact that one main measure of month-to-month inflation slowed in March. A drop in used car prices helped bring the core CPI -- excluding food and ...
Updated: 04/12/2022
Wages fall 2.7% in March as inflation surges
... while Republicans blamed it on the president's spending agenda and his energy policies targeting the oil and gas industries. Federal Reserve policymakers warned that inflation disproportionately hurts low-income Americans, as noted by Fed governor Lael Brainard in a speech last week. She said that the burden is particularly great for households with limited resources, because all Americans are facing higher prices. That is why getting inflation down is the most important task while sustaining a recovery ...
Updated: 04/12/2022
Consumer price increases in March have continued to increase
... on to the consumer. With the possibility of a peak yet to be seen in inflation, members of the Federal Reserve Federal Reserve have escalated their rhetoric on using monetary policy tools to bring down fast-rising prices. Last week, Fed Governor Lael Brainard said that bringing down inflation was the most important task, while San Francisco Fed President Mary Daly said that high inflation was as harmful as not having a job. The March meeting minutes of the Federal Reserve Federal Reserve suggested ...
Updated: 04/12/2022
'It's probably closer to a coin toss,' according to leading economist
.... In February, the Personal Consumption Expenditures Index PCE increased by 6.4%, a gain of 6.1% from a 6.1% increase in January. It was the fastest inflation rate since 1982. More hawkish talk about interest rate increases from Fed members, such as Lael Brainard , has been prompted by hot reads on inflation in recent weeks. The talk on inflation fighting could continue this week as Brainard and other closely watched Fed members speak at various events. Many economists are warning of an imminent recession ...
Updated: 04/11/2022
Bloomberg 10-year Treasury yields climb to 2.75% as Fed hikes
... Not Even Know It Macron is not expected to face Le Pen in the runoff for French Presidency. Viruses Accusation as Covid Spreads The benchmark yield jumped by five basis points after surging 32 basis points last week, when Federal Reserve Governor Lael Brainard said the central bank will raise interest rates steadily while starting balance-sheet reduction as soon as May. The Fed will reduce its massive bond holdings at a maximum speed of $95 billion a month, according to minutes of the March meeting ...
Updated: 04/11/2022
Former Federal Reserve official says there's no way around slowing economy
... interest rates to try to cool things down, as prices have climbed throughout the economy. The pace of rate hikes may be faster than most market participants expect. Market participants have been forced to digest the hawkish comments from key Fed members Lael Brainard and Patrick Harker this week. That has put upward pressure on bond yields and downward pressure on stock prices. Deutsche Bank's Matthew Luzzetti became the first economist from a major Wall Street firm to predict a U.S. recession as a result ...
Updated: 04/08/2022
Stock futures eye second day of gains after Fed comments
... the S&P 500 SPX , increased 19 points, or 0.43%, to 4500, and the Nasdaq Composite COMP , gained 8 points, or 0.06%, to 13897, on Thursday. The advance for Thursday came after two consecutive declines, following a hawkish speech from the Fed Gov. Lael Brainard and the release of the last Federal Open Market Committee meeting set the stage for a $95 billion reduction in the central bank's balance sheet. The discussion on Fed policy will dominate market sentiment, as there is not much in the way of ...
Updated: 04/08/2022
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