Economy

Source: CNBC

The Federal Reserve’s so-called taper talk could keep markets on edge through the summer

CNBC


The Federal Reserve is facing a big summer ahead as markets look for clues about when the ultra-easy policy measures put in place during the pandemic might finally start to unwind.

Investors got their first indication this week when …

May 24, 2021 - 2:30 pm Closing Bell Story‎, Crude Oil News, Economy, Finance
Source: CNBC

Yellen pushes higher taxes, stronger unions, more global competition to U.S. Chamber

CNBC


Treasury Secretary Janet Yellen called on Tuesday for business leaders to pay higher taxes to support government stimulus spending, and backed stronger labor unions and lowering barriers to foreign competition.

In a speech to the U.S. Chamber of Commerce, …

Source: Fox Business

Yellen says interest rates may need to rise to stop economy from overheating

Fox Business


Treasury Secretary Janet Yellen said Tuesday that higher interest rates may be needed in order to stave off runaway economic growth in the U.S. brought on in part by trillions in government stimulus measures.

“It may be that …

May 4, 2021 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: Fox Business

Fed’s Powell says US economic outlook has ‘clearly brightened,’ but recovery is uneven

Fox Business


Federal Reserve Chairman Jerome Powell said Monday the U.S. economy‘s prospects have “clearly brightened” amid increased vaccination rates and a burst of fiscal stimulus, but stressed the recovery from the coronavirus pandemic has been uneven for lower-income …

May 3, 2021 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Fed holds interest rates near zero, sees faster growth and higher inflation

CNBC


The Federal Reserve on Wednesday declined to let up on its easy-money policy despite an economy that it acknowledged is accelerating.

As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys …

April 28, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Economy, Energy News
Source: CNBC

The economy is running on a stimulus-fueled caffeine high. What will happen when it wears off?

CNBC


The setting for 2021 seems clear: A powerful growth trajectory fueled by an influx of government spending as the U.S. recovers from the Covid-19 crisis and heads into the fastest economic acceleration in nearly 40 years.

But after that,

April 16, 2021 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economy

CNBC


Despite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell has reaffirmed the central bank’s commitment to keep loose monetary policy in place.

That includes a statement of near-certainty that interest rates won’t be going

April 12, 2021 - 3:00 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

U.S. and China’s next economic battle will be over climate change, experts say

CNBC


Having long been at loggerheads over tradetechnology and capital markets, the world’s foremost economic superpowers are turning their attention to climate change as the next path to commercial supremacy.

China outspent the U.S. by nearly 2-to-1 …

April 1, 2021 - 3:30 pm China, Closing Bell Story‎, Economy
Source: Reuters

Fed’s Kaplan said he expects an interest rate hike in 2022

CNBC


Dallas Federal Reserve President Robert Kaplan told CNBC on Tuesday he likely will favor an interest rate increase before the end of 2022.

Though he doesn’t see inflation becoming a problem anytime soon, the central bank official said he …

March 23, 2021 - 3:30 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: CNBC

Powell says the Fed is committed to using all its tools to promote recovery

CNBC


Federal Reserve Chairman Jerome Powell reiterated his commitment to an “all-in” approach to the recovery, pledging in a commentary piece for The Wall Street Journal to keep policy loose.

Noting the “much improved” economy, the central bank chief said …

March 19, 2021 - 2:30 pm Closing Bell Story‎, Economy, Finance
Source: Reuters

GOP senators warn Federal Reserve on climate change actions

Fox Business


Republican members of the Senate Banking Committee sent a letter to Federal Reserve Chairman Jerome Powell warning him against using the central bank’s regulatory authority to implement climate change regulations, which is beyond the scope of its mission.…

Source: Fox Business

Yellen says Biden still open to wealth tax, other increases for top earners

Fox Business


Treasury Secretary Janet Yellen indicated that President Biden is open to pursuing a wealth tax as a means of paying for his multitrillion-dollar agenda and addressing the nation’s swelling federal budget deficit.

Sen. Elizabeth Warren and other progressives

March 16, 2021 - 3:00 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Five charts that show how Covid-19 stopped the U.S. economy in its tracks

CNBC


The first thing to go was transportation.

As the United States began to shut down last March to stop the spread of Covid-19, before Zoom calls or restaurant shutdowns or endless Netflix binges, people simply stopped going anywhere.

March 12, 2021 - 3:30 pm Closing Bell Story‎, Economy, Energy News
Source: CNBC

Fed’s Williams say high market prices justified by economic growth and low rates

CNBC


New York Federal Reserve President John Williams said Friday that high prices for stocks and other assets are justified in light of a growing economy and low interest rate landscape.

With stocks pushing to new heights on valuations not …

February 19, 2021 - 3:38 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Yellen says U.S. could return to full employment next year if Congress passes $1.9 trillion stimulus

CNBC


The U.S. could return to full employment in 2022 if President Joe Biden’s $1.9 trillion coronavirus rescue package is passed, Treasury Secretary Janet Yellen said on Sunday.

“There’s absolutely no reason why we should suffer through a long …

February 8, 2021 - 1:00 pm Closing Bell Story‎, Economy, Finance, Politics, Uncategorized
Source: CNBC

Dallas Fed President Kaplan stresses need for more spending to keep economic recovery going

CNBC


Dallas Federal Reserve President Robert Kaplan in a CNBC interview Tuesday backed more spending across a variety of fronts as the economy tries to shake off the Covid-19 pandemic effects.

President Joe Biden has proposed spending $1.9 trillion to …

February 2, 2021 - 2:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Federal Reserve leaves interest rates and asset purchases unchanged

CNBC


The Federal Reserve kept its foot to the floor Wednesday in terms of the help it is providing for an economy that central bank officials say has slowed down.

Consistent with market expectations, the policymaking Federal Open Market Committee …

January 27, 2021 - 3:00 pm Closing Bell Story‎, Economy, Finance
Source: Fox Business

Bond market watching for ongoing Fed reassurance on purchases

Fox Business


The U.S. bond market will be watching for ongoing reassurance from the U.S. Federal Reserve that it will maintain its bond purchases for the foreseeable future – or risk a disorderly rise in yields.

Yields spiked to 10-month …

January 27, 2021 - 2:20 pm Capital Markets, Closing Bell Story‎, Economy, Finance
Source: CNBC

Risk of a major correction is ‘really low,’ economic forecaster Lakshman Achuthan says

CNBC


The stock market may avoid a major near-term correction, according to economic forecaster Lakshman Achuthan.

Achuthan, co-founder of the Economic Cycle Research Institute, told CNBC’s “Trading Nation” on Thursday that the risk a pullback of at least …

January 22, 2021 - 2:00 pm Closing Bell Story‎, Economy, Finance
Source: Reuters

Oil falls as China lockdown, U.S. unemployment data temper gains

Reuters


LONDON – Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and U.S. plans for a large stimulus …

Source: Reuters

U.S. December deficit hits $144 billion, record for the month

Reuters


WASHINGTON – The U.S. government posted a December budget deficit of $144 billion – a record for the month – due to far higher outlays with coronavirus relief spending and unemployment benefits, while revenues ticked slightly higher, the Treasury …

January 13, 2021 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: Fox Business

10-year Treasury yield jumps above 1%, here’s why it may not spike further

Fox Business


Investors are piling into the safety of U.S. government debt, pushing the yield on the 10-year Treasury note above 1% for the first time since March of 2020.

10-YEAR YIELD HITS 1.047%

With the Democrats moving to …

January 6, 2021 - 2:30 pm Closing Bell Story‎, Economy, Finance
Source: Reuters

In pandemic, Fed showed its muscle in markets still matters

Reuters


The U.S. Federal Reserve’s response to the coronavirus pandemic began on Feb. 28 with a 44-word statement of faith in the economy from Chair Jerome Powell, an old-school measure aimed at calming nosediving financial markets.

Within weeks, though, its …

December 29, 2020 - 2:00 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: CNBC

Fed raises its economic outlook slightly, sees 4.2% growth next year and 5% unemployment rate

CNBC


The Federal Reserve dialed up its economic expectations slightly for the end of this year as well as for 2021, according to the central bank’s Summary of Economic Projections released on Wednesday.

The central bank now expects real gross

December 16, 2020 - 3:00 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

U.S. import prices inch up in November

CNBC


U.S. import prices rebounded less than expected in November as an increase in the cost of petroleum products was offset by cheaper food and motor vehicles, supporting views that inflation could remain moderate amid a resurgence in new Covid-19 …

December 15, 2020 - 3:30 pm Closing Bell Story‎, Economy
Source: Reuters

U.S. producer prices rise moderately; COVID-19 seen taming inflation

Reuters


WASHINGTON  – U.S. producer prices barely rose in November, supporting views that inflation would remain benign in the near term as a flare-up in new COVID-19 infections restrains the labor market and demand for services.

While other data on …

December 11, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Energy News Beat: #169 – 11/30/2020 – Hosted by Michael Tanner

Energy News Beat: #169 – 11/30/2020 – Hosted by Michael Tanner

Investors sell off and take profits from a historically strong November.  Major indices down overalls with tech stocks turning green rolling into the end of the session.

  • S&P 500: -0.63%
  • Nasdaq:  0.01%
  • Dow Jones: -1.30%

Market sentiment took a hit

Energy News Beat: #168 – 11/27/2020 – Hosted by Michael Tanner

Energy News Beat: #168 – 11/27/2020 – Hosted by Michael Tanner

Half day for traders leads to small rally in the equities markets, with each major indice up over 0.25%. On Thanksgiving Day, online sales rose to a record $5.1 billion, according to Adobe Analytics.

  • S&P 500: 0.25%
  • Nasdaq:  0..83%
Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

Energy News Beat #167: 11/25/2020

 

Slow day in the markets (50% drop in volume) leads to a slumping of major indices as traders (who are still trading…) react to not ideal unemployment data.  The 30-stock Dow slid 136 points,

Energy News Beat: #166 – 11/24/2020 – Hosted by Michael Tanner

Energy News Beat: #166 – 11/24/2020 – Hosted by Michael Tanner

30,000 DOW JONES!!!!!!!! Pour the champagne, crack that beer its all time highs amid surging cases in COVID-19, but markets enjoy positive bullish vaccine and easing of worries of a transfer of power issues

  • S&P 500: 1.63%
  • Nasdaq:  1.44%
  • Dow