Morgan Stanley’s Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner. “It started out with a low-quality rally, which is what we expect – meaning a short squeeze,” the firm’s chief investment officer told CNBC’s “Fast Money” on Monday. “Then, what we noticed is the…
Britons are bracing for a burst of higher inflation for much of this year as many household bills jump next month, a revival of the cost-of-living pressures that have squeezed household budgets in recent years. Next month, the average annual energy bill is set to rise 6.4 percent as the price cap resets. Water bills,…
“DO THE RIGHT THING” Trump late Wednesday called on decision-makers to cut rates now, urging on his Truth Social platform to “do the right thing”. Kerry Craig, global market strategist at JP Morgan Asset Management, said: “The Fed doesn’t have all the answers but faces plenty of questions about how it is interpreting the shift…
For President Trump, the barrage of tariffs the U.S. is ready to unleash on the country’s largest trading partners on April 2 amounts to “Liberation Day,” as he described the trade measures Thursday on social media. To the Federal Reserve, as Chair Jerome Powell relayed on Wednesday, tariffs are a broadside on economic growth. Where…
US stock futures rose as investors digested reassuring signals from Federal Reserve Chair Jerome Powell after the central bank held interest rates steady on Wednesday. On Thursday, futures attached to the Dow Jones Industrial Average (YM=F) edged up 0.08%. Futures linked to the benchmark S&P 500 (ES=F) rose 0.12%, while Nasdaq futures (NQ=F) gained 0.14%….
WASHINGTON – The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year. Faced with pressing concerns over the impact tariffs will have on a slowing economy, the rate-setting Federal Open Market Committee kept its key borrowing rate targeted…
For weeks the US economic picture has been darkening. If Wednesday was an opportunity for Federal Reserve Chair Jerome Powell to raise the alarm, he took a hard pass. Speaking to reporters following a two-day meeting of policymakers, Powell downplayed mounting growth concerns and the price hits that could be on the way from President…
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. That means consumers looking to borrow are likely to have to wait a bit longer for better deals on many loans, but savers will benefit from steadier…
The Federal Reserve famously hates to surprise financial markets. That’s why Wall Street forecasters overwhelmingly expect the U.S. central bank to leave its benchmark interest rate unchanged when the Fed announces its latest policy statement today at 2 p.m. EST. Fed Chair Jerome Powell has repeatedly signaled of late that policymakers are in no hurry…
The Federal Reserve isn’t expected to announce any changes to its key interest rate Wednesday, a sign of caution amid significant economic uncertainty.These borrowing costs have wide ripple effects across the economy, influencing mortgages, car loans and credit cards. The Fed previously raised its benchmark rate in a rapid series of hikes to fight pandemic-era…