Stocks pushed into positive territory Wednesday afternoon after the Federal Reserve’s latest meeting minutes provided more clarity on the central bank’s thinking about addressing inflationary pressures. Investors also eyed a fresh print on the state of consumer spending in the Commerce Department’s latest retail sales report, which showed a larger-than-expected […]
Fed
Stocks plunge following red-hot inflation print, Fed policymaker’s remarks
U.S. stocks were deep in the red on Thursday as Wall Street weighed another decades-high inflation print and remarks by St. Louis Federal Reserve President James Bullard that signaled the central bank could intervene more aggressively than anticipated to tighten monetary conditions amid surging prices levels. [Click here to read […]
IMF warns crypto rout could lead to systemic risk, backs Fed digital coin
The International Monetary Fund says cryptocurrencies and stocks are likely to see more volatility, with the Federal Reserve set to raise interest rates, and as increasing correlations between the two asset classes . Digital coins have , with a deep sell-off . Since hitting a record high in November, the […]
Stocks whipsaw to extend streak of volatility amid Fed update
Wall Street’s major indexes closed in negative territory on Thursday after a sharp U-turn earlier in the session erased morning gains, continuing a streak of recent volatility as investors weighed upbeat economic data out of Washington alongside Wednesday’s Federal Reserve update. [Click here to read what’s moving markets heading into […]
Stocks rebound ahead of Fed decision
Stocks gained Wednesday morning to shake off some losses after a couple of volatile session on Wall Street. Investors looked to the Federal Reserve’s latest statement and press conference to remove some uncertainty on the outlook for monetary policy. The S&P 500 rose by more than 1% just after the […]
Interest rate surge reflects Fed policy that ‘overstayed its welcome’: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, January 19, 2021 The Fed is playing catch-up, and investors are spooked Soaring inflation — and by extension interest rates and expectations for […]
High-flying US tech stocks suffer abrupt reversal on Fed rate fears
Investors this week deserted a trade that has generated big returns since the financial crisis, ditching shares of fast-growing technology companies in favour of staid businesses that had largely been overlooked by Wall Street. The tech-focused Nasdaq Composite shed 4.5 per cent in the first five trading days of 2022, […]
Stock market news live updates: Tech stocks lead indexes higher following Fed decision: S&P 500 gains 1.6%
Stocks ended sharply higher Wednesday afternoon as investors mulled the Federal Reserve’s final monetary policy decision of 2021, which came against a backdrop of persistent inflationary pressures. The S&P 500 and Dow turned positive after spending much of the trading day earlier in the red. The Nasdaq outperformed to add […]
What the Fed has going for it as inflation surges, tightening looms: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, December 16, 2021 Bond vigilantes, all but retired Inflation hawks rejoice: the Federal Reserve has officially (and quite dramatically, it should be noted) […]
Fed warns ailing China real estate sector poses risks to US economy
The Federal Reserve warned on Monday that stresses in the Chinese real estate sector “posed some risk to the US financial system”, pointing to heavily indebted property companies such as Evergrande as a potential source of global contagion. “Given the size of China’s economy and financial system as well as […]