Hints and tips:
Related Special Reports
...The bond market had already freaked out last week, after March’s third-in-a-row hot consumer price inflation report, though long yields did close at 2024 highs on Tuesday....
...Federal Reserve Chair Jay Powell assured Congress this week there will be “broad and material changes” in proposed bank capital rules — known by the cheesy name “Basel III Endgame” — by the end of this year...
...Higher-than-expected figures last week for US consumer price index inflation in March led markets to row back expectations that the Fed would cut rates as soon as June....
...times a week for several years,” he explains....
...Stocks and bonds were both higher on Thursday, with the S&P 500 up 1.2 per cent while yields on rate-sensitive two-year Treasuries hovered around three-week lows at 4.52 per cent....
...Hudson Lockett What will Fed speakers this week tell us about rate cuts and regional bank jitters?...
...“Everyone is talking about the election,” said Monica Defend, head of European fund giant Amundi’s Investment Institute after visiting US clients last week....
...But Powell’s insistence last week that such an early move was unlikely, and a subsequent strong January jobs report, quashed hopes of a move that early in the spring....
...Powell sought earlier in the week to cool speculation about a March rate cut, warning that it was not the central bank’s “base case”. “Powell killed a March cut....
...The Fed was not the only game in town this week, however....
...Wednesday’s FOMC decision to hold rates steady was expected by traders, who have been more focused in recent weeks on when the Fed would begin making the 75 basis points worth of cuts its officials had predicted...
...The challenge for Powell this week is financial markets are not buying his warnings that additional monetary tightening is still on the table....
...Last week, Federal Reserve chair Jay Powell gave a talk at Spelman College in which he declared that “for me, a big, big party, and I mean this is as fun as it gets, [is] a really good inflation report”....
...For weeks ahead of their final meeting of 2023, Federal Reserve officials appeared to have one goal in mind: keep as much flexibility over monetary policy as possible to finish off what has become an arduous...
...“A few weeks ago, Powell said policy is restrictive but (on Friday he added that) he believes policy is ‘well into restrictive territory’....
.... ★★★★★ barbican.org.uk A week after the debacle of its production of Puccini’s Manon Lescaut, English Touring Opera is soldiering on....
...The market is not ready for this: futures imply a 4.7 per cent expectation in December 2024; a week ago, the expectation was 4.4 per cent....
...His labour minister Olivier Dussopt is also on trial this week on charges of favouritism in awarding a contract when he was mayor of a small town in south-east France in 2009. He denies wrongdoing....
...Central bankers were in reflective mood at last week’s annual Jackson Hole confab....
...During my first week, I felt overwhelmed. Where to turn? To my right lay Bosch and van der Weyden....
...While the Taliban crackdown succeeded in reducing domestic attacks, it has left Isis-K more dependent on international networks and supporters “to orchestrate its actions”, said Jerome Drevon, an analyst...
...Ethan here; Rob returns next week....
...Yesterday, Fed chair Jerome Powell hedged on exactly when they’d start to cut rates. Voice clip of Jerome Powell We believe that our policy rate is likely at its peak for this tightening cycle....
...Federal Reserve officials will hold their annual Jackson Hole symposium next week, when the US central bank’s chair Jay Powell is expected to offer some clues as to how the central bank will approach monetary...
...Markets are looking for signals from Federal Reserve chair Jerome Powell during this week’s Jackson Hole symposium, global stock markets have lost about $3tn in value this month and there has been a mixed...
International Edition