Federal Reserve

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Cramer's week ahead: 'The sell-off probably isn't done'

Upcoming public comments from the Fed's James Bullard and Jerome Powell are crucial market events, CNBC's Jim Cramer said Friday. Nike and FedEx also will offer key insight when they report earnings next week, the "Mad Money" host said. CNBC's Jim Cramer on Friday looked ahead to next week's key...
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CBS News

Stocks fall on prospect of Fed rate hikes in 2022

Stocks were broadly lower Friday after a Federal Reserve official said that the nation's central bank might need to raise interest rates as early as next year, sooner than the Fed's latest estimate of possible rate increases in 2023. The S&P 500 index fell 0.8% as of 1:12 p.m. EST....
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Stocksexplica.co

Sharp falls on Wall Street, with the Dow Jones signing its worst week since October

Wall street has registered strong falls this Friday (Dow Jones: -1.58%; S&P 500: -1.31%; Nasdaq: -0.92%), with the Dow Jones posting its worst week since October. It has posted 3.1% losses since Friday of last week. These results contrast with those achieved this Thursday by the Nasdaq 100, which groups the 100 largest companies in the technology index, which marked a new all-time high.
Businessfairviewlending.com

The Federal Reserve surprises the markets, reverses course, rates jump

With the craziness in the market, I at least wanted to ease everyone into it with a relaxing picture 🙂 I wrote last week about rate increases coming down the pipe, but like everyone else I was surprised by the last federal reserve meeting and how quickly they changed course. The Fed has been touting for the last year or so that inflation is “transitory”, but their latest meeting challenges this assumption. What did the Fed say/do that will impact real estate? How will mortgage rates and prices be impacted?
StocksCNBC

What's actually changed for stock investors following the Fed's shift

The markets last week surely behaved as if a consequential shift was afoot, with some of the trendiest trades falling quickly out of style, months' worth of bond-market bets unwound in days and the trusty rotational dance among styles of stocks not enough to rescue the tape from a 2% drop.
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The Hill

Inflation concerns spark new political fights

Biden administration officials are insisting that the recent inflation spike will be temporary, but political challenges are already emerging from the historically high price levels that have yet to show any signs of receding. Inflationary speed bumps are hitting the economy as it recovers from the coronavirus pandemic, causing anxiety...
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The Week

Case for inflation panic has 'died,' Paul Krugman argues

"The case for inflation panic" has "died," economist Paul Krugman argued in a Saturday morning Twitter thread. Krugman writes that the fears stemmed in part from a belief that the Federal Reserve's "intellectual framework," which includes making a distinction between "volatile commodity prices" and "inertial core inflation," was wrong and the central bank was failing to consider that soaring lumber prices, for example, were "harbingers" rather than "transitory shocks." But Krugman pointed to a swift decline in lumber prices since they peaked in May as evidence to dismiss that theory, and highlighted a recent analysis from the White House Council of Economic Advisers that makes a similar case.
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BusinessCNBC

Fed's Kashkari opposed to rate hikes at least through 2023

Minneapolis Federal Reserve President Neel Kashkari said on Friday he wants to keep the U.S. central bank's benchmark short-term interest rate near zero at least through the end of 2023 to allow the labor market to return to its pre-pandemic strength. Kashkari's remarks show he's in a decided minority in...
StocksForbes

Despite New Record, The Nasdaq’s Taking Body-Blows And Slowing Down

The common explanation for the Nasdaq resurgence this past month has been that inflation is indeed transitory, and thus Federal Reserve policy can remain accommodative and expensive stocks can continue to marinate at record valuations. On Wednesday the Fed said inflation actually may well NOT be transitory and moved up...
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MarketWatch

Gold prices settle at 7-week low, with biggest weekly loss since March 2020

Gold futures declined on Friday to mark their lowest settlement in seven weeks, with most-active contract prices marking their largest weekly percentage loss since March of last year. Prices spent part of the day trading higher, but St. Louis Federal Reserve President James Bullard said Friday he expects the central bank to raise its benchmark interest rate in 2022, sending gold prices back toward session lows, said Edward Moya, senior market analyst at Oanda. The Fed's "hawkish tilt made the bond market scramble this week and that chaos has been supportive for the dollar, which was terrible news for bullion," he said. August gold fell $5.80, or 0.3%, to settle at $1,769 an ounce, the lowest finish since April 30. Prices based on the most-active contract lost 5.9% for the week, the biggest decline since the week ended March 13, 2020, FactSet data show.
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Reuters

Wall Street ends sharply lower after hawkish Bullard spooks investors

June 18 (Reuters) - The three main Wall Street indexes all finished sharply lower on Friday, after investors were spooked by hawkish interest rate comments by Federal Reserve official James Bullard. The blue-chip Dow and the benchmark S&P 500, which started the week at record closing levels, slumped after Bullard,...
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The Hill

As market frets over inflation, small businesses are already adapting

Yes, there is inflation. Yes, it's going to last for a while. Federal Reserve and Treasury officials tell us that the rise in prices we’re seeing will be temporary. Most economists are predicting modest inflation from anywhere between 2 and 5 percent during the coming months. We've already seen spikes in both consumer and producer prices. But the markets don't seem to be panicking — yet. And no one in charge seems to be veering from their course, despite congressional pressures and media attention.
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Reuters

Hawkish Bullard comments roil Wall Street, indexes drop

June 18 (Reuters) - Wall Street stocks fell on Friday after comments by Federal Reserve official James Bullard that inflation was stronger than anticipated shook investors' confidence in their existing positions, sending all three major indexes sharply lower. The blue-chip Dow and the benchmark S&P 500 were set for their...