Hints and tips:
...Bets of just one cut rose after Powell’s remarks....
...I don’t want to suggest that Powell managed to jinx the market. Rather, his comments may have represented peak optimism....
...Spielberg – Raph is a fan of Pablo Larrain’s ‘Jackie,’ from 2016, and the Leonard Bernstein biopic ‘Maestro’, directed by Bradley Cooper and available on Netflix on December 20 – We interviewed Pablo...
...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...
...US Federal Reserve chair Jay Powell said it was likely to take “longer than expected” to bring inflation down to the central bank’s 2 per cent target, which does not bode well for Biden....
...“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...
...“Any swing state, any swing Senate race is going to have AI-generated phoney websites,” says Steven Brill, co-chief executive of NewsGuard. “The whole thing is going to be a shitshow.”...
...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....
...Additional reporting by John Paul Rathbone Cartography by Steven Bernard...
...In his early twenties, he became manager of a lounge bar in Newark owned by bandleader Teddy Powell....
...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...
...Additional reporting by Roman Olearchyk in Kyiv Cartography by Steven Bernard...
...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....
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