Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings” and is more confident that annual price increases are falling toward its 2 per cent …
Here are the most important news items that investors need to start their trading day: 1. Market moves Stocks fell Wednesday after the Federal Reserve indicated another rate hike could be on the horizon. Markets had already priced in the expected Fed decision on Wednesday, but investors were less sure about future rate hikes. The S&P …
For the first time since the Federal Reserve started raising interest rates almost 18 months ago, the labor market is showing enough cracks to embolden some of the world’s largest bond investors to bet that the tightening cycle is finally ending. A spate of slowing employment metrics this week, crowned by Friday’s August payrolls report, …
Any thoughts that the 2% inflation goal long sought by the U.S. Federal Reserve and the European Central Bank might possibly be in for a tweaking were dashed on Friday by the chiefs of the two institutions. Gathering in Jackson Hole, Wyoming for the annual Federal Reserve Bank of Kansas City economic symposium, both Fed …