US President Donald Trump has again rattled global investment markets, this time with his threats to interfere with the independence of America’s central bank. The president has ramped up his war with the US Federal Reserve, calling chair Jerome Powell a “major loser” and demanding interest rates be cut immediately, in a re-run of his…
Bond yields spiked after the January jobs report. While hiring in January was weaker than expected, other data indicates a strong labor market. Markets increased bets that the Fed will keep rates steady Bond yields shot up on Friday as markets took in the January jobs report. While the nonfarm payroll report showed employers added…
The stock and bond markets pulled a sharp 180 this week. After prolonged sell-offs, both rallied on a renewed outlook for Fed rate cuts. A trifecta of events suggests the Fed can be more aggressive than previously thought. Stocks and bonds staged a major turnaround this week thanks to a perfect storm of factors that…
Crude oil prices began trade with a gain today as traders turned their attention to U.S. monetary policy and China’s latest move to accelerate growth through stimulus measures. At the time of writing Brent crude was trading at $72.57 per barrel, with West Texas Intermediate changing hands for $68.98 per barrel. The climb followed an…
US stocks ended Friday mixed, with the S&P 500 rising to an all-time-high. Investor optimism rose after jobs data fueled optimism about the economy and future rate cuts. Traders see higher odds of another rate cut in December, the CME FedWatch Tool shows. US stocks ended mixed on Friday, though the S&P 500 rose to…