High stakes at Jackson Hole symposium as Powell surveys US’s rocky prospects Presidential candidates, bankers and economists will all be keen to hear what the Fed chair foresees for interest rates The Guardian - UK · Aug 18, 2024
US inflation dipped in July as Federal Reserve expected to cut interest rates Prices rose at an annual rate of 2.9% in July, as inflation dipped below 3% for the first time since 2021 The Guardian - US · Aug 14, 2024
Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates If the Federal Reserve needs any further evidence that the worst price spike in four decades is steadily easing, it’s likely to come Wednesday, when the government is expected to report that inflation cooled further last month The Independent UK · Aug 14, 2024
JD Vance backs Trump's call for more political influence over the Fed Ohioan senator JD Vance, argues monetary policy—which includes interest rates—should "fundamentally be a political decision." Fortune · Aug 12, 2024
Bank Of America CEO Warns Of Consumer Discontent If Fed Delays Rate Cuts Moynihan said a reduction could be necessary as early as September if inflation continues to ease. International Business Times · Aug 12, 2024
Donald Trump thinks he should influence Fed rates—here's what history and the law say “It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, managing partner at Harris Financial Group. Fortune · Aug 11, 2024
Trump Says US President Should Have Say Over Monetary Policy Donald Trump on Thursday voiced frustration at the independence of the Federal Reserve and suggested that the US president should have "at least a say" over the course of monetary policy. International Business Times · Aug 8, 2024
Jerome Powell said his 2% inflation target was nonnegotiable. Jamie Dimon is skeptical it's even possible "Does inflation really get back to 2%?" the Wall Street veteran asked. Fortune · Aug 8, 2024
JPMorgan CEO Jamie Dimon is done psychoanalyzing Jerome Powell and the Fed "Every day 325 million Americans go to work, go to their jobs, take care of their families, take care of their kids, build out their house, change a job. And it could be affected by the Fed changing rates by 50 base points? I don't think so." Fortune · Aug 8, 2024
Top economist: More people are looking for a job, but not because they were laid off The unemployment rate reflects the fact that the number of workers is growing, not that more people are losing their jobs. Fortune · Aug 7, 2024
Biden Administration Maintains Confidence In Healthy Economy Amid Market Volatility Biden administration remains positive on economy despite market volatility. Powell's speech at Jackson Hole awaited for potential interest rate cuts. Top News · Aug 6, 2024
It's not the Fed's job to make the market 'comfortable' says Fed president Analysts holding out for the Fed to rescue the stock market might be waiting in vain Fortune · Aug 6, 2024
The United States is not facing an imminent recession. This is nonsense The American economy is still growing. There is no reason to panic, despite Trump’s ‘world war three’ comments The Guardian - US · Aug 6, 2024
Stocks Rebound From Rout As Fed Faces Calls To Cut Rates Early Tokyo, which suffered a record loss Monday, led the gains, soaring more than 10 percent as traders bought beaten-down stocks caught up in a catastrophic day for markets. Latin Times · Aug 6, 2024
International Business Times · Aug 6, 2024 Asian Stocks Rebound From Rout As Fed Faces Calls To Cut Rates Early Asian equities rallied Tuesday after the previous day's global rout fuelled by US recession fears that have led to calls for the Federal Reserve to cut interest rates before its next meeting.
International Business Times · Aug 5, 2024 Fed Under Pressure To Cut Rates As Market Turmoil Continues The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates swiftly and decisively, with some analysts now calling for it to make an emergency cut before its September rate decision.
Kiplinger · Aug 5, 2024 Here's Why Stocks Are Selling Off And What Investors Can Do Several factors are amplifying a global stock market rout. Here we look at why it's happening and what investors can do to protect their portfolios.
Reason · Aug 5, 2024 Recession Is Not Inevitable, Despite Stock Market Slump A few reasons to remain calm about the economy
Reason · Aug 5, 2024 Markets in Panic Plus: Emhoff scandal, Iran and Hezbollah possibly striking Israel, Nirvana facts, and more...
Top News · Aug 5, 2024 Global Central Banks Begin To Trim Interest Rates Global inflation rates are falling, prompting central banks to consider interest rate cuts. Federal Reserve in the US yet to act amidst market speculation.
Fortune · Aug 5, 2024 Powell faces a market mutiny if he doesn't make a September rate cut—Wall Street has 'locked in' timings after unemployment concerns "The bottom line is that the weaker-than-expected July employment report led us to change our baseline expectation for the first Fed to September."
Fortune · Aug 3, 2024 Weak jobs report shows 'there’s a strong case' for Fed rate cuts before next meeting, economist says "From a risk management perspective we think there’s a strong case to act before September 18th."
The Independent UK · Aug 2, 2024 Unemployment rise spurs fears of slowdown, yet recession signals have been wrong — so far A surprising rise in the unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession — but it could also prove to be a false alarm
Fortune · Aug 2, 2024 This accurate recession indicator is flashing red, but the ‘Sahm rule’ creator says ‘this time really could be different’ “I am not concerned that, at this moment, we are in a recession,” Claudia Sahm told Fortune, adding that “no one should be in panic mode today, though it appears some might be.”
Top News · Aug 2, 2024 Senator Warren Criticizes Fed For Delayed Interest Rate Cuts Senator Elizabeth Warren criticizes the Federal Reserve's delay in interest rate cuts, highlighting potential harm to the economy and job growth.