Things are getting awkward for the Federal Reserve. With their eye on inflation, officials are inclined to hold rates steady when they meet in Washington on Tuesday and Wednesday. But fears of a slowdown are mounting, and President Donald Trump and some of his deputies keep hammering the central bank for an interest-rate cut. Caught…
US stock futures slipped as Wall Street geared up for a packed week of key earnings reports and economic data. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) ticked down 0.1%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) fell 0.2%. CBOT – Delayed Quote • USD As…
Stocks rebounded over the past week as comments from President Trump eased investor concerns about an escalating trade war with China and risks to the independence of the Federal Reserve. For the week, the S&P 500 (^GSPC) rose about 4.5% while the Dow Jones Industrial Average (^DJI) popped 2.5%. The Nasdaq Composite (^IXIC) led the…
Buyers flocked to a mega residential project from Sun Hung Kai Properties (SHKP) in Hong Kong’s New Territories on Saturday, as attractive pricing boosted purchasing sentiment from investors and agents forecast improved sales in the city despite economic jitters. All 318 of the new flats on sale at the Sierra Sea residential development found buyers…
(Bloomberg) — Bank of America Corp. strategists said investors should sell into rallies in US stocks and the dollar, cautioning that the conditions for sustained gains are missing. Most Read from Bloomberg The dollar is in the midst of a longer term depreciation while the shift away from US assets has further to go, according…
(TNND) — President Donald Trump indicated on Wednesday that he may reach out to Federal Reserve Chairman Jerome Powell regarding interest rates. Speaking to reporters in the Oval Office, Trump expressed his belief that it was a mistake not to cut the rates sooner. “I might call him. I haven’t called him, but I believe…
U.S. equities advanced Thursday, led by a rally in technology shares, while investors evaluated easing trade tensions with China and mixed economic signals ahead of a potential interest rate decision in June. The S&P 500 technology sector climbed over 2%, supported by a 1.7% rise in Alphabet (GOOGL, Financials) ahead of its earnings release. The…
After weeks of pain, the stock market is eyeing some relief from tariffs and fears about Donald Trump’s encroachment on the Federal Reserve. US stocks soared Wednesday after comments from Trump helped ease two major headwinds for the stock market: steep tariffs on China and the early termination of Federal Reserve Chairman Jerome Powell. Here’s…
Leavitt suggests Fed Reserve isn’t independent White House press secretary suggests Federal Reserve is not independent, gives trade war update 04:26 President Trump said Tuesday he has “no intention of firing” Federal Reserve chair Jerome Powell, one day after the president called Powell a “major loser” and publicly lobbied the central bank chief to lower interest…
A new battle between President Trump and Federal Reserve Chairman Jerome Powell has many similarities to their clash in 2019, but some sort of different ending is all but certain. Both episodes featured a standoff over lowering interest rates amid a climate of tariff uncertainty, both had plenty of charges of political interference in all…