Fed’s Barkin expects inflation to come down a bit in coming months
[ad_1] All signs point to lower U.S. inflation in coming months, Richmond Fed President Thomas Barkin said Friday. “Inflation should come down a bit. I don’t expect it to be…
Fed must try to avoid a ‘harsh recession,’ Daly says
[ad_1] The Federal Reserve does not need to induce a deep recession in order to bring down high inflation, San Francisco Fed President Mary Daly said Thursday. “Inducing a deep…
Financial contagion from U.K.’s woes? Biden economic adviser says U.S. ‘in a strong place to deal with a full set of headwinds’ including from abroad
[ad_1] “‘The U.S. economy remains in a strong place to deal with a full set of headwinds, including those coming from abroad.’” — Jared Bernstein, member of President Joe Biden’s…
Bond-market volatility touches one of highest levels since 2007-2009 financial crisis and recession
[ad_1] Volatility in the ordinarily sedate world of bonds climbed this week to one of the highest levels since the 2007-2009 financial crisis and recession. The ICE BofA MOVE Index,…
IMF scolds U.K. on fiscal plan that has upset financial markets
[ad_1] The International Monetary Fund on Tuesday afternoon weighed in on the massive tax-cut package and other measures at the heart of a U.K. government fiscal plan that sank the…
Global bonds are in first bear market in 76 years based on two centuries of data, says Deutsche Bank
[ad_1] It’s been a terrible year for financial markets and perhaps even more so when you weigh 2022 against more than two centuries of data. Global bonds are now in…
‘The housing market may have to go through a correction’: Mortgage rates hit 6.29%, Freddie Mac says
[ad_1] The numbers: U.S. mortgage rates continue to climb, adding hundreds of dollars in costs to potential homeowners. The increase in mortgage rates followed the Federal Reserve hiking interest rates…
Why the ‘sell Rosh Hashanah, buy Yom Kippur’ trade is a tough call as stock-market selloff deepens
[ad_1] It might seem arbitrary to take investing advice from old market adages, but there is one market strategy commonly mentioned ahead of the Jewish holidays – “Sell Rosh Hashanah,…
Yellen: Inflation will come down next year
[ad_1] Treasury Secretary Janet Yellen on Thursday said she believed high U.S. inflation would fall next year, but cautioned there are risks to this outlook. “I believe it’s going to…
‘Prices ran wild the past two years’: Home builders say ‘housing recession shows no signs of abating’
[ad_1] The numbers: The National Association of Home Builders’ (NAHB) monthly confidence index fell 3 points to 46 in September, the trade group said on Monday. It’s the ninth month…
Jobless claims edge up to 213,000 but still show strong labor market and few layoffs
[ad_1] The numbers: The number of people who applied for unemployment benefits last week rose by 5,000 to 213,000, but new jobless claims are still quite low and reflect strong…
2-year Treasury yield marches toward 4%, 10-year yield highest since 2011
[ad_1] Treasury yields were higher Monday, led by the 2-year rate, and adding to last week’s big surge ahead of Wednesday’s Federal Reserve interest-rate decision. The policy-sensitive 2-year yield moved…
Fed to put a ‘firm foot on the brake pedal’ this week
[ad_1] The Federal Reserve is widely expected this week to raise its benchmark interest rate by 0.75 percentage points in an effort to slow the economy as a way to…
2-year Treasury yield’s rise keeps curve deeply inverted as investor unease deepens
[ad_1] The yield on the 2-year U.S. Treasury note climbed for a seventh straight trading session on Friday and inched further above its highest levels in almost 15 years, as…
Investors face ‘poor macro backdrop, limited choices.’ Here’s what Barclays says they should do now.
[ad_1] Investors struggling to figure out where to put their hard-earned cash these days have got pretty good company — Wall Street. In their investment outlook released to clients on…
Any doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data
[ad_1] Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75 percentage point next week is gone, economists said, following the hot U.S. consumer price…
Let us trade Treasury bonds without the banks, says bond giant Pimco
[ad_1] We believe policymakers should enact changes that lessen reliance on primary dealers to make markets in Treasuries, including by broadening access to the Fed-sponsored standing repo facility and bond-buying…