Hints and tips:
...Fedspeak: Lorie Logan, president of the US Federal Reserve’s Dallas branch, will participate in a keynote conversation at a summit on Texas transportation....
...Equity markets in Asia and Europe have followed Wall Street lower today. Here is the latest news from our markets reporter Stephanie Stacey. 3....
...For Lorie Mertes, executive director of Locust Projects, “It is difficult to see how our city becomes less affordable to sustain the cultural and economic diversity that makes us so exciting.”...
...Lorie Logan, president of the Dallas Fed, called on Thursday for an immediate resumption of rate rises....
...Some on Wall Street warn that the Fed is approaching a level where funding market dysfunction is possible. It’s not a baseless fear....
...Morgan Stanley yesterday was the last of the Wall Street banks to report and chief executive James Gorman was in a downbeat mood....
...Wall Street’s blue-chip S&P 500 gained 1.2 per cent, with all sectors except energy closing in positive territory....
...However, traders on Wall Street disagree, pricing in a peak policy rate of less than 5 per cent, with roughly half a percentage point of cuts by December....
...Markets: Wall Street is expected to open higher today, with the S&P 500 and Nasdaq 100 stock futures both up 1 per cent....
...Equities on Wall Street yesterday had their strongest day in more than two and a half years as the rapid rise in inflation slowed, leading investors to bet that the Federal Reserve’s aggressive tightening...
...Goldman promotes 80 new partners in most diverse class ever The Wall Street bank has named record numbers of female and black partners in the class of 2022 in an effort to boost its diversity and broaden...
...The conference, organised by The Fed Board and New York Fed, will also feature commentary from Lorie Logan, the newly appointed president of the Dallas Fed....
...Sometime before the end of this year, at the intersection of Wall Street and the Washington swamp, a deal is going to have to be done about how the US government funds itself....
...“Lorie and her team came up with an analysis and strategy quickly,” said Mr Williams. “We did things quickly, decisively and it worked . . . This was a significant disruption....
...“The [one-day] liquidity requirement is massive,” said a managing director at a bank on Wall Street. “There is no way banks can hold anything but cash for that.”...
...That perhaps explains the rebound for Wall Street from its mid-afternoon low. During his press conference, Mr Powell said more extensive cuts may be needed in the event that macro activity slides....
.../ From Mr Henri Lorie...
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