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2 mins read

The Fed is embarrassed about its inflation mistake and will likely go too far in raising interest rates, former Fed president says

The Fed blew it on inflation, and the last thing it wants to do is to stop hiking rates too soon, a…

Jennifer Sor   


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5 mins read

The one good thing in 2020 was suddenly cheap rent in Manhattan and San Francisco — but the bill could be up for cities soon

Record numbers are fleeing New York and San Francisco, accelerating a years-old trend. But what's r…

Taylor Borden   


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1 min read

US stocks slip ahead of Fed chief Powell's testimony on Capitol Hill

The Federal Reserve chairman will appear before the Senate Banking Committee on Tuesday to talk abo…

Jason Ma   


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3 mins read

These 5 charts capture a rollercoaster 15 months for stocks, bonds, and crypto as the Fed pauses its tightening campaign

The Federal Reserve paused its interest-rate hiking cycle – for now – on Wednesday. The…

George Glover   


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The Fed spotted red flags at Silicon Valley Bank years before it collapsed, report says

Fed officials saw issues in SVB dating back to 2021, when the now-failed bank was found to have "ma…

Jennifer Sor   


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1 min read

Bill Ackman urges the Fed to pause interest-rate increases because the banking crisis is not yet over

The billionaire investor called for a temporary pause in interest-rate increases given the threat t…

Zahra Tayeb   


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US stocks trade mixed as investors digest latest Fed comments on rate outlook

Atlanta Fed President Raphael Bostic and San Francisco Fed President Mary Daly see rates topping 5%…

Jennifer Sor   


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3 mins read

Americans are still getting larger-than-usual raises, but the wage rallies are starting to slow in some cities

In San Francisco, New York, and Chicago, above-average raises seem to be sticking around. Yet Phila…

Ben Winck   


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2 mins read

The stock market's fear gauge soars 17% as aggressive Fed forces investors to 'wake up to screeching hawks'

Lael Brainard and Mary Daly, considered dovish voices at the Fed, have indicated at least one rate …

Carla Mozée   


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3 mins read

Jamie Dimon says the Fed will raise rates much more than markets currently expect, if there's a strong recovery

"A Fed that reacts strongly to data and events in real time will ultimately create more confidence,…

Hamza Fareed Malik   


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Watch the bond market and not the Fed for a steer on interest rates, billionaire investor Jeff Gundlach says

Investors should eye Treasury yields, rather than Federal Reserve comments, to gauge end-of-year in…

George Glover   


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It's 'foolhardy' to think the Fed will cut interest rates at all in 2023, BlackRock's bond chief says

Stocks could deliver 9% returns this year but are likely to remain highly volatile, according to th…

George Glover   


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1 min read

US stocks trade mixed as Wall Street eyes Fed officials hints' on higher-for-longer rates

Fed Chairman Jerome Powell said at conference in Stockholm that restoring price stability requires …

Brian Evans   


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2 mins read

Jennifer Sor,Ben Winck   


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US stocks falls as Fed reinforces resolve in hiking rates to cool inflation

The S&P 500 and the Nasdaq Composite were at risk of snapping four weeks of wins as Fed officials s…

Carla Mozée   


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Elon Musk sees 'serious risk' of another Great Depression if the Fed doesn't stem the collapse of regional banks after SVB failure

Musk again sounded a warning about the impact of the banking sector's troubles on the world's large…

Carla Mozée   


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High rents could be making the labor shortage worse, the Philadelphia Fed President says: 'Many workers can't afford to live where jobs are'

States like California, Illinois, and New York are home to expensive cities, and also have more job…

Dominick Reuter   


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3 mins read

San Francisco is fed up with Big Tech, and residents are begging the next mayor to do something about it

Richie Greenberg, a small business adviser and the only Republican in the race, and San Francisco B…

Melia Robinson   


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Paul Krugman says the Fed's pessimistic view of inflation feels a bit desperate, now that price pressures are cooling rapidly

The central bank has signaled it'll raise interest rates past 5% and keep them there through 2023 &…

George Glover   


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1 min read

US stocks rise as investors assess Fed's inflation fight and await more earnings

The S&P 500 was on course to break two straight sessions of losses after July's monster 9.1% surge.

Carla Mozée