Post Tagged with: "federal reserve"

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

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

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

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: 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: 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
Fed Chair Powell: Wearing masks will help bring U.S. economy back

Fed Chair Powell: Wearing masks will help bring U.S. economy back

CNBC


Federal Reserve Chairman Jerome Powell reiterated on Wednesday that the economic recovery is dependant on how the country handles the coronavirus pandemic.

“As we have emphasized throughout the pandemic, the outlook for the economy is extraordinarily uncertain, and will …

November 6, 2020 - 3:30 pm Closing Bell Story‎, Economy
Source: CNBC

Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’

CNBC


Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said still has “a long way to go.”

Noting progress made in job creation, goods consumption and business …

October 6, 2020 - 3:00 pm Closing Bell Story‎, Economy, Jobs
Source: Reuters

The Fed could could still move markets Wednesday even with rates on hold for the foreseeable

CNBC


While committed to keeping interest rates low for the next several years, the Federal Reserve still has plenty of work to do as it steers the U.S. economy through the pandemic.

As central bank officials gather Tuesday and Wednesday

September 15, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Powell announces new Fed approach to inflation that could keep rates lower for longer

CNBC


The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy.

In a move that Chairman Jerome Powell

August 27, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level

CNBC


The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on the coronavirus-plagued economy.

In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near …

July 29, 2020 - 2:30 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: CNBC

Federal Reserve releases minutes for June meeting

CNBC


The Federal Reserve on Wednesday released the minutes from its June 9-10 meeting, during which it held interest rates steady and had an in-depth discussion about capping bond yields and strengthening its guidance about where policy will be set …

July 1, 2020 - 2:00 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source Reuters

S&P 500, Dow retreat after rally; Nasdaq gains further

Reuters


Wall Street’s S&P 500 and Dow Jones indexes fell on Tuesday, while the tech-heavy Nasdaq hit a record high for the third straight session, as investors eyed this week’s Federal Reserve meeting for signs on how it views a …

Source: CNBC

This is the greatest 50-day rally in the history of the S&P 500

CNBC


The S&P 500 has returned 37.7% over the last 50 trading days, making it the benchmark index’s largest 50-day rally in history, according to LPL Financial.

And if history is any indication, there could be more gains ahead.

Looking …

June 3, 2020 - 2:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: CNBC

Powell says more policy help may be needed to pull the US out of economic downturn

CNBC


Federal Reserve Chairman Jerome Powell said Wednesday that policymakers may have to use additional weapons to pull the country out of an economic mire that has cost at least 20 million jobs and caused “a level of pain that …

May 13, 2020 - 3:00 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: CNBC

Fed pledges to keep rates near zero until full employment, inflation come back

CNBC


The Federal Reserve painted a dour picture of current conditions and pledged Wednesday to continue its historically aggressive policy stance until it is comfortable that the U.S. economy is back on its feet.

Following this week’s Federal Open Market …

April 29, 2020 - 3:00 pm Closing Bell Story‎, Economy, Finance, Jobs
Source: CNBC

Federal Reserve unveils details of $2.3 trillion in programs to help support the economy

CNBC


The Federal Reserve on Thursday announced a bevy of new moves aimed at getting another $2.3 trillion of financing into businesses and revenue-pinched governments.

Stock futures jumped after the announcement, which came moments after the government reported that 6.6 …

April 9, 2020 - 2:00 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 Gains About 3%; Records Loss for Week After Trump Tariff Threat

Oil Gains About 3%; Records Loss for Week After Trump Tariff Threat

From Reuters


Oil prices gained about 3% on Friday a day after recording their biggest daily drop in several years on U.S. President Donald Trump’s vow to impose more tariffs on Chinese imports.

For the week, crude oil benchmarks recorded …

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 …

Oil Rises as U.S. Crude Stocks Fall Again, Fed Cuts Interest Rates

Oil Rises as U.S. Crude Stocks Fall Again, Fed Cuts Interest Rates

From Reuters


Oil prices rose for a fifth day on Wednesday following a larger-than-expected drop in U.S. inventories and after the Federal Reserve cut U.S. interest rates for the first time in more than a decade.

The front-month Brent crude …

Wall Street Retreats as Rate Cut Expectations Ease

Wall Street Retreats as Rate Cut Expectations Ease

From Reuters


U.S. stocks declined on Friday, as the S&P 500 retreated after closing at a record for three straight sessions, following an unexpectedly strong U.S. payrolls report that caused investors to rethink how dovish a turn the Federal Reserve …

July 5, 2019 - 6:45 am Closing Bell Story‎, Economy, Energy News, Finance
Federal Reserve: Steady as She Goes, No Rate Cut

Federal Reserve: Steady as She Goes, No Rate Cut

From the Los Angeles Times

Despite pressure from President Trump to lower borrowing costs, Federal Reserve officials on Wednesday left their key interest rate unchanged and indicated that they were divided on whether there would be rate cuts in the …

June 19, 2019 - 7:26 am Closing Bell Story‎, Energy News, Finance
A Rough Day at the Park for Crude Oil

A Rough Day at the Park for Crude Oil

By Tyler Losier, Energy Reporter, Oil & Gas 360

Actually, it’s been a rough few weeks for crude oil.

West Texas Intermediate near-month futures are down just about 20% since WTI peaked at $66.60 in late April of this year,

Fed’s Bullard Says Rate Cut May Be Needed ‘Soon’

Fed’s Bullard Says Rate Cut May Be Needed ‘Soon’

From Bloomberg


St. Louis Fed chief says trade war poses risk to U.S. economy, Bullard says yield curve may signal Fed policy is too tight

The Federal Reserve may need to cut interest rates soon to prop up inflation and …

June 3, 2019 - 6:45 am Closing Bell Story‎, Energy News, Finance, Trade
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 …

The Response by U.S. Investment to Oil Price Shocks: Does the Shale Boom Matter?

The Response by U.S. Investment to Oil Price Shocks: Does the Shale Boom Matter?

Kansas City Federal Reserve Bank economist Nida Cakir Melek asks the thought provoking question in a report released by the bank today.

The bank posits that “the oil sector has become increasingly important to the U.S. economy over the past …

November 20, 2018 - 12:16 pm Closing Bell Story‎