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...Last week, Fed chair Jay Powell played down the recent uptick as the US central bank stuck to its forecast of 0.75 percentage points of interest rate cuts this year....
...The stock lost further ground on Monday, closing down more than 10 per cent, following comments over the weekend from Federal Reserve chair Jay Powell saying that some smaller and regional banks have “concentrated...
...The Nasdaq Composite rose 1.5 per cent but just missed setting a new peak close. Among tech stocks, Meta, Coinbase, and Nvidia finished at record highs....
...Although the tech-heavy index missed out on setting a new peak close by just 1.6 index points, it managed to notch a record intraday high....
...The only thing Jay Powell could have done to deliver a stronger impression of a festive giveaway to global markets this week would have been to conduct his press conference decked in an oversized red suit...
...In fact, our analysis suggests that equity returns have typically struggled following peaks in concentration, with non-megacap equities and core fixed income typically outperforming....
...US presidential election primary season reaches a peak this week, as delegates in 15 states vote for Republican and Democrat candidates on Super Tuesday....
...The FTSE 100 had already climbed 1.9 per cent on Thursday after the BoE left interest rates on hold and is closing in on its February 2023 peak of 8047.06....
Cryptocurrency down 16% from its peak as net fund flows turn negative
...Gold reached an all-time high, rising as much as 1.9 per cent to a peak of $2,075.09 a troy ounce, surpassing the previous intraday peak it had set in August 2020....
...The deal values Stripe at $65bn, which is higher than its $50bn valuation a year ago — but far below its peak value of $95bn in 2021....
...Peltz’s fund, Trian Partners, has nominated two board directors for Disney’s board at the company’s annual meeting on April 3: Peltz himself and Jay Rasulo who was previously Disney’s chief financial officer...
...Jay Powell sought to push back on speculation that the Federal Reserve had won its fight against inflation, indicating it was too soon to both rule out further tightening as well as start discussing rate...
...Earlier it reached 4,599.39, passing its previous July closing peak for the year....
...On Wednesday, chair Jay Powell changed the tune....
...But what if the coming years turn out less like the pattern of peaks followed by sharp reversals that has been the norm in the recent past, and more like the mid-1990s?...
...A distinct characteristic of PMI peaks in the US is the tendency for markets to continue rising, albeit at a slower pace following the peak....
...Next, suppose that by 2025 Truth Social manages to charge advertisers 50 per cent higher CPMs than Meta did at its recent peak....
...But Federal chair Jay Powell said on Wednesday that the road to 2 per cent inflation was “bumpy”....
...Peak performance in 2023 was logged in July-September when NIM was booked at 2.19 per cent....
...Early in the presser, Fed Chair Jay Powell seemed less eager to walk back the market’s dovish views. “We are likely at or near the peak rate for this cycle,” he said. And when it comes to rate cuts?...
...That anxious psychological regime seems to have disappeared — all at once — during Federal Reserve chair Jay Powell’s press conference on Wednesday. The changes have been dramatic....
...The benchmark 10-year Treasury note trades at roughly half a percentage point lower than its October peak....
...US President Joe Biden said on Tuesday: “At a time when growth and employment remain strong, inflation declined by two-thirds from its peak but we know there’s still work to do to lower costs.”...
...Inflation in the eurozone has dropped rapidly from its peak above 10 per cent to 2.6 per cent in February....
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