Hints and tips:
...Bets of just one cut rose after Powell’s remarks....
...Despite two months of stubborn inflation data, Fed officials were “never going to come out and spook the market”, said Steven Blitz, chief US economist at TS Lombard....
...The number of problem banks in the US has jumped 18 per cent, regulators warned yesterday, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin...
...“Our 3 [per cent forecast] for the end of 2024 doesn’t look quite as silly today as it did four weeks ago — because four weeks ago I was getting some heat,” said Steven Major, global head of fixed income...
...Blitz writes that there’s no need to worry about Fed Chair Jay Powell turning into a “Grinch” come January....
...More banking news: New York Community Bank will raise more than $1bn in a deal led by the investment firm of former US Treasury secretary Steven Mnuchin. 2....
...Powell’s comments constitute “a rare admission that the Fed made a mistake” by slowing the pace at which it raised rates over the winter, said Steven Blitz, chief US economist at TS Lombard....
...For the economic team, the big questions are whether Trump might pick a Wall Street donor for the role of Treasury secretary, as he did with Steven Mnuchin in 2017 — and who he might tap to replace Jay Powell...
...Steven Simon’s Grand Delusion is a brilliantly written account of US policy in the region during the past 45 years....
...Monetary policy: Federal Reserve chair Jay Powell will participate in a panel discussion with former chair Ben Bernanke in Washington DC....
...At a central bankers’ conference on Wednesday, Jay Powell gave his answer: no, not really....
...For Steven Abrahams, head of strategy at Amherst Pierpont, the recent swings in market pricing amount to “déjà vu”. “The market has bet all year long against the Fed holding rates high through 2023....
...“I’m shocked by these numbers,” said Steven Blitz, chief US economist at TS Lombard....
...Images of Lake Mead and Lake Powell, critical reservoirs on the Colorado River feeding the Hoover Dam, provide “a stark illustration of climate change and a long-term drought that may be the worst in the...
...Investors were desperate for the slightest sliver of good news from Jay Powell, and it shows....
...Federal Reserve chair Jay Powell took a similar view at a press conference on Wednesday, saying, “I think it’s actually a good outcome for the banking system....
..., said Steven Blitz, chief US economist at TS Lombard. US stocks fell on Friday in response to news of the extra jobs....
...Steven Blitz, chief US economist at TS Lombard, said Tuesday’s data combined with rising wages and a tight labour market meant the Fed was “not going to produce the soft-landing fairy tale”....
...In his speech at the central bankers’ annual jamboree at Jackson Hole last month, Fed chair Jay Powell indicated that the Fed was belatedly on the case, saying that the employment costs of bringing down...
...Fed chair Jay Powell went so far last month as to warn that the once-booming housing market will probably “have to go through a correction”....
...Hope Powell, born in 1966, was the only girl in her school team, until the FA found out and stopped her playing with boys....
...“The marginal higher-risk company is having a more difficult time accessing capital than they would have a month ago,” said Steven Oh, the head of credit and fixed income at asset manager PineBridge....
...Steven Blitz, chief US economist at TS Lombard, said: “There is nothing in the data that says the Fed should continue to hold back....
...“The fact remains we have monetary policy settings at emergency levels,” said Steven Bell, chief economist at BMO Global Asset Management. “The fire is nearly out....
...Most recently, Senator Elizabeth Warren grilled Federal Reserve chair, Jay Powell, on the role that companies are playing when it comes to inflation....
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