(Bloomberg) — Traders are accustomed to a bumpy ride whenever Jerome Powell speaks. But when Powell speaks at the same time Janet Yellen is talking to Congress about the health of the banking sector, the turbulence can get overwhelming. Most Read from Bloomberg That’s what happened …
U.S. stocks wavered on Wednesday, following two job prints that showed the labor market remains tight amid sticky inflation. Wall Street also heard from Federal Reserve Chair Jerome Powell before the House Financial Services Committee Wednesday morning. Powell continued to stress that “no decision” has been …
Stock futures inched higher early Tuesday as investors awaited Federal Reserve Chair Jerome Powell’s latest appearance before lawmakers on Capitol Hill. Near 8:15 a.m. ET, futures on the S&P 500, Dow, and Nasdaq were higher, but little-changed, with Nasdaq futures up 0.2%, S&P 500 futures up …
(Bloomberg) — US job growth probably moderated last month after a blistering January pace, while the unemployment rate likely held at a 53-year low, illustrating a labor market that’s proved mostly impervious to the Federal Reserve’s massive interest-rate hikes. Most Read from Bloomberg The report will …
(Bloomberg) — Stocks slumped after Jerome Powell gave a short and clear signal that rates will stay high for some time, pushing back against the idea of a Federal Reserve pivot that could complicate its war against inflation. Most Read from Bloomberg In a volatile day, …
(Bloomberg) — Federal Reserve Chair Jerome Powell is likely to slow the pace of interest-rate increases after front-loading policy with a second straight 75 basis-point hike next week, economists surveyed by Bloomberg said. Most Read from Bloomberg They expect the Federal Open Market Committee to lift …
Federal Reserve Chairman Jerome Powell on Wednesday pushed back against economists who argue that aggressive Fed interest-rate hikes have increased the odds of a recession or hard landing for the U.S. economy. “The American economy is very strong and well positioned to handle tighter monetary policy,” …
