Post Tagged with: "federal reserve"

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
Texas Oil and Gas Employment at Highest Level Since 2015

Texas Oil and Gas Employment at Highest Level Since 2015

The oil and gas sector in Texas remained strong through March according to the Dallas Fed’s new report. Prices for WTI crude oil rose slightly in March, staying close to $63 per barrel and oil production in the Permian Basin …

Texas Economic Activity, Oilfield Hiring Up: Dallas Federal Reserve

Texas Economic Activity, Oilfield Hiring Up: Dallas Federal Reserve

Activity in the Eleventh Federal Reserve District’s energy sector gained momentum in the fourth quarter of 2017, according to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of business conditions—climbed over 10 points to 38.1, with …

Divergent Needs Put Fed, Central Banks on Different Paths

Divergent Needs Put Fed, Central Banks on Different Paths

Fed is likely to raise its key rate two more times – Dallas Federal Reserve

The last time the world’s central banks diverged on policy came as the Fed increased its key rate in December 2015. It’s happening again.

The …

March 22, 2017 - 4:53 pm Closing Bell Story‎, Finance, Oil and Gas 360 Articles
Crude Oil Sees Inventory Draw, but in all the Wrong Places

Crude Oil Sees Inventory Draw, but in all the Wrong Places

Crude oil inventory draw beats expectations at 2.7 MMBO

Crude oil inventories shrank for the fourth week in a row, according to information released from the Energy Information Administration. The total amount of crude in storage declined 2.6 MMBO, 1.2 …

Oil Climbs on Weak Dollar Despite Inventory Build

Oil jumped almost 3% on Wednesday April 27 to close above $45.33 a barrel for the first time since November 4, 2015, reaching new highs for 2016 amid mixed signs from the U.S. oil market and U.S. Federal Reserve. The …

Will Weak Oil Prices Push Fed Back to Zero?

Will Weak Oil Prices Push Fed Back to Zero?

First Lift Off in the History of U.S. Monetary Policy

(Editor’s Note: Art Hogan, Wunderlich Securities, Inc. Director of Research & Chief Market Strategist, offered the following commentary about the Fed’s move this week to raise interest rates.)

Seven …

December 18, 2015 - 6:44 pm Analytics, Closing Bell Story‎, Oil and Gas 360 Articles
Fed Maintains Rates in a 9-1 Vote

Fed Maintains Rates in a 9-1 Vote

The Federal Reserve decided to stand pat following its two-day October meeting

The U.S. Federal Reserve today decided to maintain rates near zero, leaving them unchanged since 2008. The Fed did announce that it is open to raising rates at …

October 28, 2015 - 5:15 pm Commodity Pricing, Oil and Gas 360 Articles
The Ruble in Flux

The Ruble in Flux

Russia at risk of a Fed rate-raise – Moody’s

A report from Moody’s Investors Service named Russia among four emerging markets most at risk from a potential increase in the U.S. interest rate, news that sent the ruble falling in …

September 18, 2015 - 12:40 pm Finance, International, Oil and Gas 360 Articles
Fed Maintains Rates

Fed Maintains Rates

International concerns and low inflation leave Fed stance unchanged

Speculation continues to grow on when the Federal Reserve will raise its key interest rates as a release from today’s Federal Open Market Committee (FOMC) meeting indicated that rates would remain …

September 17, 2015 - 6:37 pm Oil and Gas 360 Articles
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
When Will the Fed Raise Rates?

When Will the Fed Raise Rates?

September More Likely than June: Economists

The most recent meeting of the Federal Open Market Committee (FOMC) indicates that the Federal Reserve will likely continue with its policy of

maintaining rates near 0%. Many of those present at the meeting …

May 21, 2015 - 5:24 pm Finance, Oil and Gas 360 Articles
Brookings Study Finds Multiple Benefits from Immediately Lifting U.S. Crude Export Ban

Brookings Study Finds Multiple Benefits from Immediately Lifting U.S. Crude Export Ban

The Brookings Institute released a study last week comparing the effects of immediate lifting of the U.S. crude oil export ban vs. delaying till 2020.

The study data showed a positive uptick for the GDP in all cases, a 0.14 …

September 15, 2014 - 6:56 pm Oil and Gas 360 Articles, Oilfield Services, OPEC