Morgan Stanley’s Mike Wilson issues correction warning
[ad_1] Morgan Stanley’s Mike Wilson is telling investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop — bringing it to 3,000. “Even…
Raphael Bostic says Fed needs to ‘stay the course’ despite lower wage gains
[ad_1] Atlanta Federal Reserve President Raphael Bostic said Friday that December’s jobs report, with its slowdown in wage increases and better-than-expected employment growth, doesn’t change his view on monetary policy.…
Fed’s Esther George sees rates staying high at least into 2024
[ad_1] As her 40-year central banking career comes to a close, Kansas City Federal Reserve President Esther George is advising her colleagues to stay tough in their efforts to stamp…
Fed minutes December 2022:
[ad_1] WASHINGTON – Federal Reserve officials are committed to fighting inflation and expect higher interest rates to remain in place until more progress is made, according to minutes released Wednesday…
Fed raises interest rates half a point
[ad_1] The Federal Reserve on Wednesday raised its benchmark interest rate to the highest level in 15 years, indicating the fight against inflation is not over despite some promising signs…
Double-digit percentage drop will hit stocks in 2023: Morgan Stanley
[ad_1] Investors may be on the doorstep of a deep pullback. Morgan Stanley’s Mike Wilson, who has an S&P 500 year-end target of 3,900 for next year, warns corporate America…
Fed’s Mester wants more progress on inflation before ending interest rate hikes
[ad_1] Cleveland Federal Reserve President Loretta Mester said Monday inflation will need to show more signs of progress before she’s ready to stop advocating for interest rate increases. While acknowledging…
Fed officials see smaller rate hikes coming ‘soon’
[ad_1] Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as they evaluate the impact policy is having on the economy, meeting minutes released…
Fed’s Collins expresses hope that inflation can be tamed without hitting jobs
[ad_1] Boston Federal Reserve President Susan Collins expressed confidence Friday that policymakers can tame inflation without doing too much damage to employment. “By raising rates, we are aiming to slow…
Fed officials Barkin and Collins see possibility for slower rate hikes ahead
[ad_1] Two Federal Reserve officials indicated Friday that they expect further interest rate increases but will be looking closely at whether those moves need to be as aggressive as they’ve…
Fed approves 0.75-point hike to take rates to highest since 2008 and hints at change in policy ahead
[ad_1] The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary policy to bring down…
Fed minutes October 2022:
[ad_1] Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect higher interest rates to remain in place until prices…
Fed Vice Chair Brainard warns against retreating from inflation fight prematurely
[ad_1] U.S. Federal Reserve board member Lael Brainard speaks after she was nominated by U.S. President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower…
Rates raised by three-quarters of a percentage point
[ad_1] The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level. In its…
Fed should hike interest rate rates 150 basis points: Wells Fargo
[ad_1] It’s a move that would likely cause panic on Wall Street. But Wells Fargo Securities’ Michael Schumacher suggests the Federal Reserve is raising rates too slowly, telling CNBC’s “Fast…
Next Fed rate hike to spark dangerous game in economy: Peter Boockvar
[ad_1] The market’s violent reaction to hotter-than-expected inflation may usher in more losses. Investor Peter Boockvar believes Wall Street is coming to grips with a painful reality: Inflation isn’t moderating,…
Inflation ‘collapse’ will spark big stock market gains: Credit Suisse
[ad_1] Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief U.S. equity strategist, it will…
Fed’s Waller sees ‘significant’ rate hike this month, backs data-dependent approach
[ad_1] Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13,…
Fed Chair Powell vows to raise rates to fight inflation ‘until the job is done’
[ad_1] Federal Reserve Chairman Jerome Powell in an appearance Thursday emphasized the importance of getting inflation down now before the public gets too used to higher prices and comes to…
Fed Vice Chair Brainard vows ‘we are in this for as long as it takes’ to stop inflation
[ad_1] Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she said is hurting lower-income Americans the most. That will mean more interest rate…
Market bracing for another three-quarter point hike from the Fed this month
[ad_1] Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July 27, 2022. Mandel Ngan | AFP | Getty Images Traders are now seeing…
Fed’s Mester sees benchmark rate above 4% and no cuts at least through 2023
[ad_1] Loretta Mester at Jackson Hole, Wyoming David A. Grogan | CNBC Cleveland Federal Reserve President Loretta Mester said Wednesday she sees interest rates rising considerably higher before the central…
U.S. needs miracle to avoid recession, economist Stephen Roach warns
[ad_1] Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chair of…
Fed rate hikes won’t curb inflation if spending stays high, paper says
[ad_1] John C. Williams, president and chief executive officer of the Federal Reserve Bank of New York, Lael Brainard, vice chair of the Board of Governors of the Federal Reserve,…
Here’s what’s next for stocks after Powell’s Jackson Hole speech
[ad_1] It’s easy to go back into a defensive crouch. “The market is about to enter the seasonally weak month of September with the Federal Reserve amping up inflation fighting…