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2 mins read
Stock market today: Indexes add to records as traders parse more economic data and Fed comments
Stock indexes continued to climb after a record close on Monday, as investors tuned in to new comme…
Filip De Mott
1 min read
The Fed is 'getting closer' to cutting interest rates, top official says
Several official from the Fed seem confident that, with more data on steadily decreasing inflation,…
Kelly Cloonan
1 min read
A key indicator says the Fed is still poised to cut interest rates in March
The Taylor Rule framework indicates that the fed funds rate should be at 4.5% by now, Apollo's chie…
Filip De Mott
2 mins read
A central banker on the bizarre economy sounds like Spider-Man in the multiverse, saying he needs a few months 'to see where reality is'
October's 30-year-high inflation has central bankers sounding like Marvel characters. Richmond Fed …
Ben Winck
2 mins read
Millions of sidelined workers won't come back 'unless the math makes better sense to them'
Six million people could return to the labor force if jobs offered better compensation, benefits, a…
Dominick Reuter
2 mins read
Inflation fears and the resulting bond-market plunge were short-sighted, Richmond Fed president says
Soaring Treasury yields are a "natural reaction" if investors expect continued vaccination and effe…
Ben Winck
2 mins read
Don't expect interest rate cuts from the Fed anytime soon as the market overrates a Goldilocks scenario
"The Fed has first to move to a neutral policy bias, then to an easing bias, before cutting the pol…
Matthew Fox
2 mins read
Investors think the Fed has won the war against inflation
Markets fear the Fed risks going too far just as it's about to pull off the balancing act of loweri…
Phil Rosen
1 min read
Here's how one top Fed official is thinking about the increasingly unaffordable US housing market
Fed President Tom Barkin breaks down how the pandemic sparked a "secular change" in how people see …
Phil Rosen
2 mins read
Relief measures should soon prioritize long-term employment, inflation goals over stabilization, Fed official says
Detailed forward guidance and new asset-purchase strategies could help protect against a second eco…
Ben Winck
2 mins read
The Fed could cut interest rates as early as the first quarter of 2024. Here are 7 quotes from central bankers that hint at what comes next.
Fed Chairman Jerome Powell and other central bankers have recently dampened hopes for rate cuts soo…
Phil Rosen
1 min read
ChatGPT can accurately parse Fed statements and anticipate stock moves from corporate news, studies say
GPT-4, released in mid-March, was more likely to agree with humans than GPT-3, according to researc…
Filip De Mott
2 mins read
Top Republican senator trolls Democrats on inflation by getting existential: 'Everything is transitory. Life is transitory.'
The Biden administration long described pandemic inflation as "transitory." Yet prices are still su…
Ben Winck
2 mins read
US stock futures and European stocks recover after hawkish Fed comments on inflation hit investor sentiment
Policymakers are intent on tackling inflation by any means necessary, prompting investors to punish…
Adam Morgan McCarthy
2 mins read
US stocks end mixed as Fed officials sound off on inflation fight and path of future rate hikes
Elsewhere, oil prices slid this week as the outlook for further monetary tightening stoked recessio…
Morgan Chittum
1 min read
Richmond Fed President Jeffrey Lacker is retiring
"I feel fortunate to have spent time throughout the Fifth District learning first-hand about people…
Bob Bryan
2 mins read
Richmond Fed names McKinsey's Thomas Barkin as its next president
"In choosing Thomas Barkin to lead the Richmond Federal Reserve, the Richmond Fed's board ignored t…
Pedro Nicolaci da Costa
2 mins read
US stocks fall to break 4-week win streak as Fed officials signal more hawkish rate hikes
The market ended with losing week with more than $2 trillion worth of options expiring. The Fed's T…
Carla Mozée
2 mins read
Drug dealers who said they worked for 'Gas Bagg LLC' scattered bags of weed around a town in Virginia and shared the location with their followers — including the feds — according to court documents
Customers were offered different quantities of weed on a Telegram thread and were invited to "Snatc…
Azmi Haroun
1 min read
HERE COMES RICHMOND FED...
The Richmond Federal Reserve releases its latest survey at 10 a.m.Consensus is for a reading of 7, …