Tag Archives: Jerome Powell

Fed Chair Jerome Powell remarked in a speech on Monday that he doesn’t see an elevated likelihood of a recession in the next year, reported Reuters. Additional Remarks: “It’s hard to say what the economy will look like in wake of recent events, but no one is sitting around waiting …

Federal Reserve Chair Jerome H. Powell said on Monday that there is an obvious need to move expeditiously to a more neutral level and even more restrictive levels if needed to restore price stability.The risk is rising that there could be an extended period of high inflation that could push …

The American dollar ended the day lower after the US Federal Reserve monetary policy decision. The US central bank hiked rates by 25 bps, as expected, with Bullard being the only dissenter voting for a 50 bps hike. Economic Data Canadian inflation hit 5.7% YoY in February, according to Statistics …

US stocks rebound in the Fed aftermath, S&P500 is 1.5% in the green territory. Ukraine/Russia peace talk hopes gain traction in global financial markets. The S&P 500 is in the green by 1.6% and after the volatility surrounding the Federal Reserve that on Wednesday raised its benchmark lending rate for …

The Gold Index is eroding support at $1,900 on a 9% reversal from $2,065 highs. Gold’s spikes down to $1,894 lows after Fed’s rate hike. Muted reaction after the Federal Reserve confirms market expectations. Gold futures have spiked down to fresh two-week lows at $1,894 per troy ounce on Wednesday …

The FOMC has an unenviable task of trying to guide monetary policy through a period of turbulence. The March 15-16 meeting will be essential to communicate its present action and set the monetary policy path and tone for the future.Leaning the stance of individual policymakers will matter more than usual …

Soaring energy prices raised recession alarm bells around the world. But another economic indicator is starting to look threatening: The yield curve is flattening. Wall Street closely watches the difference, or spread, between short-term government bond yields, most notably the 2-year Treasury, and longer-term bond rates like the 10-year Treasury.As …

Gold is lower despite risk-off themes at the start of the week. Russia was on Ukraine is driving the sentiment and the US dollar higher. As US yields rally to their highest levels since July 2019, the gold price is weakening in early afternoon US trade and is losing some …

Risk aversion has been leading most assets amid the war fogs and indecisive peace talks in Eastern Europe. Economic DataEarlier on Thursday, the headline ISM Services PMI reading slid to 56.5 in February from 59.9 in January, below the expected rise to 61.0, according to the latest release by the …

US equities maintained mixed performance on Thursday and defined more by rotation from growth into value than risk-on or risk-off. The S&P 500 recovered most of an intra-day drop of nearly 1.0%, but remains capped under 4400. US equity market trade has been more defined by rotation from high multiple …