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Tag: Powell

Differing Powell and Yellen Messages Were a Lot for the Stock Market to Digest

Differing Powell and Yellen Messages Were a Lot for the Stock Market to Digest

(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 …
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Stocks edge higher ahead of more Powell testimony

Stocks edge higher ahead of more Powell testimony

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 …
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Futures inch higher ahead of Powell testimony

Futures inch higher ahead of Powell testimony

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 …
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US Jobs Report and Powell Testimony Take Center Stage

US Jobs Report and Powell Testimony Take Center Stage

(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 …
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Another jumbo Fed rate hike is expected this week — and then life gets difficult for Powell

Another jumbo Fed rate hike is expected this week — and then life gets difficult for Powell

First the easy part. Economists widely expect Federal Reserve monetary-policy makers to approve a fourth straight jumbo interest-rate rise at its meeting this week. A hike of three-quarters of a percentage point would bring the central bank’s benchmark rate to a level of 3.75%- 4%. “The …
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Fed chief Powell ‘did what he needed to do’ in Jackson Hole, Larry Summers says

Fed chief Powell ‘did what he needed to do’ in Jackson Hole, Larry Summers says

“ ‘The Fed is positioned as well as it can be — given the credibility losses and mistakes that there have been — with these remarks to manage things going forward.’ ” — Larry Summers Former U.S. Treasury Secretary Lawrence Summers handed out some rare praise …
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Stocks Tumble as Powell Throws Cold Water on Pivot: Markets Wrap

Stocks Tumble as Powell Throws Cold Water on Pivot: Markets Wrap

(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, …
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Powell Seen Slowing Fed’s Hikes After 75 Basis Points Next Week

Powell Seen Slowing Fed’s Hikes After 75 Basis Points Next Week

(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 …
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Powell says U.S. economy can handle the additional rate hikes that are coming

Powell says U.S. economy can handle the additional rate hikes that are coming

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,” …
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Fed Hikes 75 Basis Points, Powell Says 75 or 50 Likely in July

Fed Hikes 75 Basis Points, Powell Says 75 or 50 Likely in July

(Bloomberg) — The Federal Reserve raised interest rates by 75 basis points — the biggest increase since 1994 — and Chair Jerome Powell said officials could move by that much again next month or make a smaller half-point increase to get inflation under control. Most Read …
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