u.s. stocks closed higher on friday, marking the end of a tumultuous week as federal reserve officials calmed investor fears over a potential liquidity crisis in the banking sector. while all three major u.s. stock indexes started the session sharply lower on the heels o...
The Federal Reserve Chair Jerome Powell confirmed slower rate cuts on the horizon. The Fed has been or closer to the timing of slower cuts, Powell told reporters at a news conference after the meeting.“Today was a closer call, but we decided it was the right call,” Powell said. He la...
The 50-basis point rate cut from the Federal Reserve was a risky move in case it caused alarm amongst investors. However, far from causing alarm, stocks and commodities rallied and the US yield curve steepened. The US yield curve is now at its highest level since ...
As for the Federal Reserve's rate strategy, what policymakers are likely to do is not what they should be doing, he said. The terrible jobs report—released when the stock market was closed for the Good Friday holiday—will likely mean a rate hike in September, not June, predicted El-Eri...
The Federal Reserve said Wednesday that the biggest banks operating in the U.S. would be able to withstand a severe recession scenario. Each of the 31 banks in this year's regulatory exercise cleared the hurdle of being able to absorb losses while maintaining more than the minimum required ca...
loser of tech giants, was among hard-hit stocks as the U.S. stock market suffered a bloodbath after the Federal Reserve raised concerns about higher-than-expected interest rate for the coming year 2025. The benchmark S&P 500 index closed nearly 3% lower, recording its biggest daily loss on...
NASHVILLE, Tennessee (Reuters) -Federal Reserve Chair Jerome Powell indicated on Monday the U.S. central bank would likely stick with quarter-percentage-point interest rate cuts moving forward and was not "in a hurry" after new data boosted confidence in ongoing eco...
The Fed and Treasury released a joint statement yesterday afternoon that was lost amid the official release of the Geithner Plan (hat tip Accross the Curve). Clearly, it revelas the concerns of the Federal Reserve that its expansive role in the crisis wi
On July 31st, Eastern Time, the Federal Reserve concluded its two-day monetary policy meeting and announced that it would maintain interest rates at the 5.25% to 5.5% level. The market widely predicts that the Federal Reserve will start cutting rates in September. In June, the U.S. inflatio...
“Now, if the Federal Reserve stays here (with interest rates) for a long time, then at some point, all bets will be down, and we may see a more marked deterioration.”“But now I think banks are generally describing the situation as normalizing.” Editor/jayden...