Post Tagged with: "Fed"

Source: CNBC

OPEC+ just made the Fed’s job more complicated. Here’s what it did — and what could be next

CNBC


Several OPEC+ members are set to tighten global production by an additional 1.16 million barrels per day until the end of the year, further burdening central bank efforts to curtail global inflation — but critically protecting the alliance’s broader …

Source: Oil Price

Bank of America: Dovish Fed will send oil back to $100

Oil Price


The Bank of America has predicted that Brent could quickly go past $90 per barrel on the back of a dovish pivot in the U.S. Federal Reserve and a “successful” economic reopening by China, Reuters reports.

 

BofA …

Source: CNBC

Powell says the Fed is still a ways off from altering policy, expects inflation to moderate

CNBC


Federal Reserve Chairman Jerome Powell said Wednesday that the economy needs to improve more before the central bank will change its ultra-easy monetary policy.

In remarks prepared for the House Financial Services Committee, the central bank chief noted improvements

July 14, 2021 - 2:30 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: CNBC

Fed picks its side in inflation debate and sends market a message — no rate hikes for years

CNBC


The Fed does not expect to see inflation pick up for years, and it is willing to keep rates at zero even after it does.

Stocks initially surged after the Fed released its post-meeting statement and its latest economic …

September 17, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Oil Spills Into U.S.-China Trade War, Prices Slump

Oil Spills Into U.S.-China Trade War, Prices Slump

From Reuters


China on Friday said it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global …

Trump Calls on U.S. Firms to Exit China as Trade War Escalates

Trump Calls on U.S. Firms to Exit China as Trade War Escalates

From Reuters


President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession.

Trump, who has …

Oil Eases as Fed’s Jackson Hole Meeting Gets Underway

Oil Eases as Fed’s Jackson Hole Meeting Gets Underway

From Reuters


Oil prices weakened on Thursday on worries about the global economy and as equity markets were on edge over the uncertain outlook for U.S. interest rate cuts.

Traders are awaiting a speech from Federal Reserve Chair Jerome Powell …

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

From Reuters


Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.

The drop …

US Economy Slowed to 2.1% Growth Rate in Second Quarter

US Economy Slowed to 2.1% Growth Rate in Second Quarter

From AP News


The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending.

The gross domestic product, the economy’s total output of goods and services, grew at a 2.1% annual rate last quarter, down …

Higher Gasoline Costs Sent Consumer Price Index Soaring in April - 360

Higher Gasoline Costs Sent Consumer Price Index Soaring in April

Higher gasoline costs sent consumer price index soaring in April

May 10, 2019 - 10:53 am Closing Bell Story‎, Finance, Press Releases
Powell Opens Door to Possible Pullback in Fed Rate-Hike Outlook

Powell Opens Door to Possible Pullback in Fed Rate-Hike Outlook

From Bloomberg

 

  • Median could shift to two increases from three in 2019
  • Fed chief says rates ‘just below’ range of neutral estimates

 

Federal Reserve Chairman Jerome Powell opened the door for a potential pullback in projected interest-rate hikes …

Treasuries Sell-Off Pushes 10-Year Yield to Highest Since 2011

Treasuries Sell-Off Pushes 10-Year Yield to Highest Since 2011

Yield on 30-year bond also tops 2018 peak to four-year high

From Bloomberg

The yield on 10-year Treasuries rose to the highest level since 2011, eclipsing the previous 2018 peak set in May as economic data helped fuel optimism about …

October 3, 2018 - 12:44 pm Closing Bell Story‎, Energy News
Texas Economy Finally Heading Up-ish: Comerica Bank

Texas Economy Finally Heading Up-ish: Comerica Bank

Permian rig count growth a boon to Texas’s overall economy

Dallas-based Comerica Bank (ticker: CMA), released its Texas Economic Activity Index last week, saying its measure of the Texas economy advanced for a second consecutive month, gaining 0.4 percentage points …

U.S. Jobs Report: Smallest Gain since 2010

U.S. Jobs Report: Smallest Gain since 2010

The Bureau of Labor Statistics released the June report on unemployment today. Unemployment fell from 5.0% to 4.7% and the economy added only 38,000 jobs in May. The job gain was the lowest since 2010.

In the last few years, …

June 3, 2016 - 5:18 pm Closing Bell Story‎, Jobs, Oil and Gas 360 Articles
How do Yellen, the Fed, and the Dollar Affect Oil Prices?

How do Yellen, the Fed, and the Dollar Affect Oil Prices?

June Hike Likely – What is the Effect on Oil?

On Wednesday May 18, 2016, the Federal Reserve released the minutes from its April meeting, sending vibrations throughout the markets.

The message from the Fed to the market was simple:  …

Weak Jobs Data Could Push Fed Hike to 2016

Weak Jobs Data Could Push Fed Hike to 2016

U.S. economy adds 142,000 jobs, but mining continues to see losses

Jobs data from the Bureau of Labor Statistics came in weaker than expected for September today, sending the U.S. 10-year bond and oil prices down. The economy created an …

October 2, 2015 - 3:09 pm Finance, Oil and Gas 360 Articles
Oil will Settle at $60, Eventually

Oil will Settle at $60, Eventually

Economic indicators positive, sideways and negative

Yellen says she expects FED will raise rates in 2015 if employment grows

Bill Gross criticizes the FED’s zero policy


U.S. Bank Chief Investment Officer John De Clue, in a presentation to Denver area …

September 24, 2015 - 2:10 pm Commodity Pricing, Oil and Gas 360 Articles, Popular
Two Fed Rate Hikes Possible Before 2016

Two Fed Rate Hikes Possible Before 2016

Final Fed meeting will set stage for expected rate hike

Many have been waiting and guessing at when the U.S. Federal Reserve will finally raise rates after maintaining them at 0.00% to 0.25% since 2008. Most analysts expect the move …

July 28, 2015 - 6:35 pm Oil and Gas 360 Articles