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...Last week John Williams, president of the New York Fed, said the current state of the US economy means he does not “feel urgency to cut interest rates”....
...Financial markets are falling into line with the Federal Reserve’s outlook for US interest rates, as stubborn inflation data forces investors to relinquish their bets on extensive cuts this year....
...Investors have fallen into line with the Federal Reserve’s expectation that it will cut interest rates just three times this year, ending a months-long stand-off between markets and the central bank....
...That compares with the six or more cuts expected back in January and the three that the more conservative Federal Reserve had projected....
...The US Federal Reserve’s preferred measure of inflation is expected to show no progress was made in reducing price growth in February, underscoring how much work the central bank still has to reach its 2...
...When he got to the section about the run on SVB, it was clear from the title where he laid blame: Yet, he appeared to have a rock-solid citation: the Federal Reserve’s postmortem on SVB....
...(A note on 15 per cent odds — that’s the same chance an NFL kicker has of missing a 37-yard field goal, but also the odds that The New York Times put on Donald Trump winning the 2016 election.)...
...Additional reporting by Kate Duguid in New York...
...Monetary policy: Federal Reserve Bank of Atlanta president Raphael Bostic, Federal Reserve Bank of Kansas City president Jeffrey Schmid and Federal Reserve Bank of San Francisco president Mary Daly speak...
...Fedspeak: Federal Reserve board governor Christopher Wallace is set to give a speech on the economic outlook at an event hosted by the Brookings Institution....
...Strong gains for the largest companies have more than offset the concerns of investors about how quickly the Federal Reserve plans to reduce US interest rates this year....
...The Federal Reserve’s preferred measure of inflation is expected to show that price pressures eased slightly in January, but progress is likely to be limited given what is already known about inflation last...
...Interest in the Federal Reserve’s latest policy meeting next week will focus on the so-called “dot plot”, which will show whether officials still expect to cut interest rates three times this year....
...Federal Reserve....
...In its report on the final quarter of 2023, the New York Fed said credit card debt hit a record $1.13tn, growing at one of the fastest rates for more than 20 years, though in real terms it remains below...
...Wizman also noted the bond rally may be related to expectations of a response from the Federal Reserve. “The Fed, when confronted with bank balance sheet problems, tends to create liquidity programmes....
...Most Federal Reserve officials wanted to keep borrowing costs high “for some time”, according to minutes of their meeting in December, adding to doubts that the US central bank is poised to begin cutting...
...According to the 2023 Direct to Consumer Wine Survey by the Silicon Valley Bank, the average cost of a “reserve tasting” in Napa Valley was $128....
...The former is a near-term likelihood in China, however, and not implausible in the US as the Federal Reserve winds down quantitative tightening....
...That would mark a slowdown from the 0.6 per cent month-on-month increase in February. The Federal Reserve will be watching closely....
...The yen fell 0.7 per cent beyond ¥154 per dollar for the first time since 1990, as traders slightly scaled back their bets on rapid rate cuts from the Federal Reserve, strengthening the dollar....
...Eid al-Fitr: Markets are closed in several countries across the Middle East, Africa and Asia for the Islamic festival, which marks the end of Ramadan....
...If you owned rate-sensitive, high-risk stocks yesterday you have Unhedged’s permission to sell and take the rest of the year off (Carvana, Zillow, SoFi, et al rose 10 per cent or more)....
...Expectations that the US Federal Reserve will soon start cutting interest rates from two-decade highs have raised hopes among dealmakers for an M&A recovery....
...A sharp drop in money market funds’ use of a facility to buy and sell Treasuries from the central bank could mark the beginning of the end of a period of abundant liquidity, they said....
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