U.S. Bond Market is Sending Recession Warning, and Friday’s Jobs Report Could Hold the Next Clue
Falling U.S. bond prices are sending a signal that a recession could finally be around the corner as they push Treasury yields to their highest levels in 16 years, said DoubleLine Capital founder Jeff Gundlach.
U.S. Government Shutdown Would Halt IPOs and Market Surveillance, SEC’s Gensler Warns
The U.S. government will shut down this weekend absent a last-minute funding deal from Congress, and that could lead to significant disruptions for stock and bond markets, according to the nation’s top securities regulator.
What a Fed Rate-Hike Pause Would Mean for Bank Accounts and Loans
The Federal Reserve decided to keep interest rates the same for just the second time since beginning its current hiking cycle aimed at curbing inflation last year
‘Treacherous’ Descent: Fed Debates How Far to Push Rate Hikes
Even though the outlook is brighter than expected, Fed officials meeting at the annual Jackson Hole conference aren’t ready to conclude that prices will continue to cool.
Private Sector Added 324,000 Jobs in July, Well Above Expectations, ADP Says
Private sector companies added far more jobs than expected in July, pushed higher by a boom in leisure and hospitality jobs, payroll processing firm ADP reported on Wednesday, August 2.
Morgan Stanley Raises Economic Growth Forecast, Citing Biden Infrastructure ‘Boom’
Morgan Stanley raised its economic growth forecast up this week, citing a "boom in large-scale infrastructure" driven by President Biden’s Infrastructure bill, according to reports.
Will Cooling Inflation Help Sell Bidenomics?
U.S. annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday by the Bureau of Labor Statistics.
U.S. Inflation Unlikely to Fall to the Fed's 2% Target until at Least 2025, According to Jerome Powell
The Fed chairman's remarks on Friday suggested the central bank's fight against inflation is far from over – raising the possibility that policymakers will keep raising interest rates until price pressures cool further.
Federal Reserve Holds Interest Rates Steady, Forecasts Two More Rate Hikes This Year
The Federal Reserve held interest rates steady on Wednesday, June 14, but FOMC officials signaled they are prepared to raise rates again this year in due course to keep the fight against stubborn inflation.
U.S. Jobless Claims Tick Up, Still Show Strong Labor Demand, but Mostly for Low Skill Labor
Applications for U.S. unemployment benefits rose slightly last week to a level that’s still consistent with resilient demand for labor.
Fed Minutes Show Powell Wants To Keep Rate Hike Options Open, But Path Remains Uncertain
Federal Reserve officials stressed the need to keep their options open on future rate hikes, minutes from the central bank's May policy meeting indicated Wednesday, but hinted that if the economy performs as expected, further increases might not be necessary.
Marketmind: Get Ready for the Debt Ceiling Rally
U.S. President Biden delivers remarks on debt ceiling talks and “preventing a first-ever government default” at the White House in Washington.
Former U.S. Secretary of Labor Robert Reich Urges Bypassing Congress to Raise Debt Ceiling
Robert Reich, former secretary of labor in the U.S., has called for the government to bypass Congress in order to raise the debt ceiling unilaterally.
Federal Reserve Raises Fed Funds Rate by 25 Basis Points, Signals Possible Pause
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) continued its year-plus slew of rate hikes on Wednesday, May 3, lifting the fed funds rate by 25 basis points to a targeted range of 5%-5.25%.