Posts filtered by tags: Federal Reserve[x]


 

The Fed's money-pumping efforts are driving a new economic cycle that's reminiscent of 2009, Canaccord Genuity says

Kevin Lamarque/Reuters The Federal Reserve's liquidity-boosting measures place the economy on track for a 2009-style upswing, Canaccord Genuity analysts said in a Thursday note.Policymakers signaled on Wednesday the central bank will hold rates near zero through 2023, and maintained asset purchases of at least $120 billion in Treasurys and mortgage-backed securities per month.The purchases spiked excess cash in the financial system, but liquidity has since fallen from its peak. The excess-...
Tags: China, Trends, Recession, Markets, Economy, Canaccord, Economic recovery, Goldman Sachs, OECD, Federal Reserve, Canaccord Genuity, Jefferies, Central Bank, Fed, Reuters, US China


4 reasons why stocks can still climb 'a lot' more, according to renowned strategist Tom Lee

Tom Lee Bloomberg TV Tom Lee — managing partner and head of research at Fundstrat Global Advisors — broke down the four factors informing his belief that stocks can "still go up a lot."Among his reasons are the Fed and fiscal policy, a global labor shortage, and the growing population of millennials in the US."2020 is probably the start of a new bull market that might last 20 years," Lee said. Visit Business Insider's homepage for more stories.Stocks have demonstrated "extreme resilience" i...
Tags: US, Trends, Markets, Population, Stocks, Millenials, Federal Reserve, Stock Market, S&P 500, Fed, Market Outlook, The Fed, Lee, Tom Lee, Fundstrat Global Advisors, Lee He


It will be 'virtually impossible' for the Fed to hit its 2% inflation target without creating a stock bubble, Guggenheim's Minerd says

Lucy Nicholson/Reuters Scott Minerd, Guggenheim global CIO told Bloomberg on Wednesday it is "virtually impossible" for the Fed to achieve inflation above 2% without creating a bubble in asset prices. "The reality is that the inefficiencies that are building up in the system because of all the malinvestment are going to prove more and more of a challenge," he said. Minerd also said that while there may be a setback in stocks over the course of the next month, investors should risk assets t...
Tags: Trends, CIO, Markets, Bloomberg, Inflation, Stocks, Federal Reserve, Stock Market, Bubble, Guggenheim, Fed, The Fed, the Federal Reserve, Guggenheim Partners, Guggenheim Investments, Scott Minerd


Stocks fall as investors grapple with Fed's recovery timeline

Wall Street was struggling on Thursday, torn between improving economic data and a Federal Reserve that said the path to recovery would be very long.
Tags: Cnn, Federal Reserve, Fed


Dow tumbles 320 points as tech sell-off outweighs encouraging jobless-claims data

Getty Images / Xinhua News Agency US stocks fell on Thursday, even as weekly jobless-claims data came in better than expected.Weekly jobless claims fell by more than 30,000 from the previous week, to 860,000, though that was higher than the consensus estimate of 850,000.Tech stocks led the decline as investors continued to digest Federal Reserve Chairman Jerome Powell's comments on Wednesday expressing uncertainty about the economic recovery and saying the Fed didn't expect to raise intere...
Tags: Congress, Finance, US, Trends, Gold, Tech, Markets, Oil Prices, Virgin Galactic, Treasury, Richard Branson, Stocks, Oil Price, Wti, Gold prices, Federal Reserve


It will be 'virtually impossible' for Fed to achieve above 2% inflation without creating stock bubble, Guggenheim's Minerd says

Lucy Nicholson/Reuters Scott Minerd, Guggenheim global CIO told Bloomberg on Wednesday it is "virtually impossible" for the Fed to achieve inflation above 2% without creating a bubble in asset prices. "The reality is that the inefficiencies that are building up in the system because of all the malinvestment are going to prove more and more of a challenge," he said. Minerd also said that while there may be a setback in stocks over the course of the next month, investors should risk assets t...
Tags: Trends, CIO, Markets, Bloomberg, Inflation, Stocks, Federal Reserve, Stock Market, Bubble, Guggenheim, Fed, The Fed, the Federal Reserve, Guggenheim Partners, Guggenheim Investments, Scott Minerd


Stocks tumble after the Fed says the recovery will take time

The Dow and the broader US stock market took a dive on Thursday, opening sharply in the red after the Federal Reserve said the path to recovery would be very long.
Tags: US, Cnn, Federal Reserve, Fed


Why are stocks dropping? Hint: It involves Jerome Powell

The Federal Reserve has pledged to keep interest rates near rock bottom for a long time to come. But a hazy outlook for an economy deeply scarred by the pandemic is still worrying investors, pushing US stock futures down sharply on Thursday.
Tags: US, Cnn, Federal Reserve, Jerome Powell


Global stocks drop after Fed's upbeat economic outlook dents chances of more stimulus

Reuters Equities and gold slide, dollar gains after Federal Reserve ups economic forecasts, suggesting less chance of stimulus. "The recovery is here, it's well along," Fed Chairman Jerome Powell said at a press conference on Wednesday. S&P 500 futures fall 1.2%, pointing to a second day of losses, dollar index rises 0.1%. "Markets always want more," Robert Carnell, regional head of Asia-Pacific research at ING, said. "But, should you keep feeding them?" Visit Business Insider's homepage ...
Tags: Nikkei, Global, US, Trends, Asia Pacific, Deutsche Bank, Federal Reserve, Fed, Shanghai Composite, Us Federal Reserve, Powell, Reid, KOSPI, Jerome Powell, Reuters Equities, ING


US stocks drop as traders mull the Fed's uncertain economic outlook

Andrew Kelly/Reuters US stocks closed lower on Thursday as investors continued to digest the Fed's uncertain economic outlook and weekly jobless claims that still exceed the highs of the Great Recession.Federal Reserve Chair Jerome Powell's comments on Wednesday expressed uncertainty in the economic recovery and mentioned that the Fed didn't expect to raise interest rates until at least 2023.Additionally, weekly jobless claims fell by more than 30,000 from the previous week, to 860,000, th...
Tags: US, Trends, Opec, Treasury, Richard Branson, Federal Reserve, Donald Trump, Yelp, Dow Jones, Branson, Chamath Palihapitiya, Fed, SPAC, Saudia Arabia, Jerome Powell, Matthew Fox




US stocks close mixed as tech slump overshadows Fed's plans for long-term support

Brendan McDermid/Reuters US stocks closed mixed on Wednesday as sliding tech giants overshadowed the Federal Reserve's pledge to keep monetary support intact for the foreseeable future.Central bank policymakers signaled near-zero interest rates would last through 2023 to buttress the US economic recovery.The tech sector dragged major indexes into intraday losses, with mega-caps including Apple and Facebook leading the slump.Retail sales grew by just 0.6% in August, missing the average econ...
Tags: Apple, Energy, Facebook, Microsoft, US, Kodak, Trends, Tech, Markets, Bloomberg, Treasury, Oil Price, New York Giants, Federal Reserve, Nasdaq, Retail Sales


Fed promises to keep interest rates low for the next 2 years, calls on Congress to pass stimulus funding

The Federal Reserve made a long-term commitment to keep interest rates low on Wednesday.In a press conference, Federal Reserve Chair Jerome Powell announced the Fed likely wouldn't raise interest rates from their current rock-bottom state until at least 2023. They'll remain close to zero "until the economy is far along in its recovery," Powell said — though he added that Congress should take some action to make sure that happens."Overall activity remains well below its level before the p...
Tags: News, Congress, America, New York Times, Federal Reserve, Fed, Powell, Federal Reserve Board, Trump Russia, Federal Reserve Chair Jerome Powell


The Public-Private Role of Federal Reserve Banks

Bozeman Financial LLC v. Federal Reserve Bank of Atlanta, et al. (Supreme Court 2020) The question in this case is whether the Federal Reserve Banks are people.  The Patent Act allows any “person” to file a petition for covered-business-method review (or IPR/PGR). Return Mail, Inc. v. United States Postal Serv., 139 S. Ct. 1853 (2019) held (1) the U.S. Gov’t is not a person under the statute and (2) consequently the USPS (a branch of the US gov’t) is not permitted to petition the USPTO for revie...
Tags: Supreme Court, Law, Senate, Court, US, United States, Usps, Uspto, Federal Reserve, AIA, Patent, Board, Freddie Mac, Alexander Hamilton, Bozeman, PTO


Federal Reserve plans to keep interest rates near zero at least through 2023

Fed Chairman Jerome Powell said the economic outlook still remains highly uncertain and depends heavily on the ability of the U.S. to get control of the pandemic. “A full economic recovery is unlikely until people are confident that it is safe to re-engage in a wide variety of activities,” Powell said.
Tags: Federal Reserve, Fed, Powell, Jerome Powell


Can’t stop won’t stop: Social Capital Hedosophia just filed for its fourth SPAC, says new report

According to a new report in Bloomberg, Social Capital Hedosophia has filed plans confidentially with the SEC to raise $500 million for its newest blank-check company. It will be the fourth special purpose acquisition company, or SPAC, to be raised by the outfit, which is headed up by Chamath Palihapitiya and his longtime investment partner, Ian Osborne. Astonishingly, dozens more may be in the works. On the “All-In Podcast,” co-hosted by Palihapitiya, he revealed recently that has reserved t...
Tags: TC, California, Ipo, Tech, United States, Virgin Galactic, SEC, Ian Osborne, New York Stock Exchange, Federal Reserve, Sequoia Capital, Sequoia, Roelof Botha, Chamath Palihapitiya, SPAC, Opendoor


Federal Reserve sees rates near zero at least through 2023

By Christopher Rugaber | The Associated Press The Federal Reserve expects to keep its benchmark interest rate pegged near zero at least through 2023 as it strives to accelerate economic growth and drive down the unemployment rate. The central bank also said Wednesday that it will seek to push inflation above 2% annually. The Fed left its benchmark short-term rate unchanged at nearly zero, where it has been since the pandemic intensified in March. The Fed’s benchmark interest rate influences borr...
Tags: Congress, Sport, Soccer, United States, Treasury, OECD, Federal Reserve, Fed, The Fed, Powell, Jerome Powell, Christopher Rugaber, Associated Press The Federal Reserve, Since March the Fed, On Wednesday the Commerce Department, Organization for Economic Development


Fed pledges to keep interest rates near zero for years

The Federal Reserve committed Wednesday to do more to help the US economic recovery, promising more asset purchases and lower interest rates for even longer than it previously expected.
Tags: US, Cnn, Federal Reserve, Fed


Fed signals near-zero rates will last through 2023 to lift economy from coronavirus recession

Getty Images / Tasos Katopodis A majority of Federal Reserve officials see interest rates staying near zero through 2023 as part of a long-term accommodative policy strategy.New economic projections published Wednesday show 16 out of 17 Fed policymakers seeing rates staying at historic lows through 2022. Thirteen officials expect rates to sit near zero through 2023.The central bank voted on Wednesday to hold interest rates at their current lows and continue asset purchases at least at the ...
Tags: US, Trends, Markets, Economy, SEC, Federal Reserve, Goldman, FOMC, Monetary Policy, Interest Rate, Central Bank, Fed, Dallas Fed, BofA, Federal Reserve Bank, Jerome Powell


Blackstone says stock investors may face a 'lost decade' in equity appreciation

Slaven Vlasic / Getty Images Stock-market investors could face “lost decade” of equity appreciation, Blackstone’s Tony James told CNBC. High returns, and “fear of missing out” buying has created a stock market that “feels fully valued”. Near zero interest rates driving investors into a stock market hungry for yield. Over the longer term, rising rates could undermine company earnings. Visit Business Insider's homepage for more stories. Investors may not see the kind of returns the stock ma...
Tags: Asia, Congress, US, Trends, Federal Reserve, Morgan Stanley, Blackstone, Cnbc, James, The Fed, Tony James, Slaven Vlasic Getty Images Stock, Kari McMahon


Take it from the Fed: Low interest rates aren't going anywhere

The Federal Reserve has committed to keeping interest rates lower for longer. But will that be enough to support an economy grappling with a historic shock, especially with Congress at an impasse on additional government spending?
Tags: Congress, Cnn, Federal Reserve, Fed


US dollar falls ahead of the Federal Reserve's rate decision while gold prices rise

Federal Reserve Board Chairman Jerome Powell testifies during a hearing on "The Semiannual Monetary Policy Report to the Congress," in front of the Senate Banking, Housing and Urban Affairs Committee in the Dirksen Senate Office Building on February 12, 2020 in Washington, DC. Sarah Silbiger/Getty Images The dollar index fell 0.2% on Wednesday, ahead of the outcome of a Federal Reserve policy meeting. Analyst Jeffrey Halley said the weakness in the dollar reflected the expectation that the ...
Tags: Congress, Washington, US, Trends, Treasury, Federal Reserve, Morgan Stanley, FOMC, Fed, Federal Reserve Board, Jerome Powell, Federal Open Market Committee, Dirksen Senate Office Building, OANDA, Senate Banking Housing and Urban Affairs Committee, Naeem Aslam


US stocks climb as investors await policy guidance from the Fed

Reuters US stocks climbed on Wednesday as investors prepared for updated outlooks and policy commentary from the Federal Reserve.Fed Chair Jerome Powell is set to speak following the conclusion of the Federal Open Market Committee's two-day meeting. The meeting is the first to take place since the central bank updated its monetary policy framework in August.Strong earnings from FedEx and Adobe lifted indexes in early trading.Retail sales for August grew just 0.6%, missing the average econo...
Tags: US, Kodak, Trends, Markets, Bloomberg, Consumer Spending, Treasury, Earnings, Oil Price, New York Giants, Federal Reserve, Nasdaq, Retail Sales, Dow Jones, Gold Price, FOMC


How to Build a CD Ladder (And Why You Should Consider It)

How to Build a CD Ladder (And Why You Should Consider It) is a post originally published on: Everything Finance - Everything Finance - Its all about Money!There are so many different ways to save and grow your money. One strategy to build a CD ladder. A CD is just one option that’s pretty popular. A CD or Certificate of Deposit is a type of savings product that usually has a higher interest rate than a traditional savings account.When you deposit your money into a CD, it’s ‘locked’ in that accou...
Tags: Google, Marketing, Investing, Federal Reserve, FDIC, Everything Finance Everything Finance, Check Interest Rates CD




Trump's Fed pick doesn't have the votes

President Donald Trump's controversial pick for the Federal Reserve has hit a roadblock: Judy Shelton -- who is in the midst of a troubled nomination to become a member of the central bank -- still doesn't have the votes for confirmation, Sen. John Thune, the Republican Whip, told reporters Tuesday.
Tags: Cnn, Federal Reserve, Donald Trump, Whip, John Thune, Trump s Fed, Judy Shelton


Fed’s Main Street loan program flops with 99.8% of cash untapped

By Lisa Lee, Catarina Saraiva and Michelle F. Davis | Bloomberg It was billed as a lifeline for America’s middle-market companies seeking cash to get through the pandemic. Yet more than two months since its launch, the Federal Reserve’s Main Street Lending Program isn’t living up to expectations as few banks are willing to provide the loans. Some of the nation’s biggest lenders have demanded such crushing terms that discussions have stalled from the get-go, while other banks have decided not to ...
Tags: Business, California, America, West Virginia, Georgia, Bloomberg, Sport, Soccer, Treasury, Louisiana, Federal Reserve, PPP, Trump, Fed, Jpmorgan, The Fed


Debt is the real pandemic: Ron Paul

According to the Congressional Budget Office’s (CBO) latest “Update on the Budget Outlook,” this year’s $3.3 trillion federal deficit is not just three times larger than last year: it is the largest federal deficit in history. The CBO update also predicts that the federal debt will equal 104 percent of the gross domestic product (GDP) next year and will reach 108 percent of GDP by 2030. The CBO update also shows that the Social Security, Medicare, and highway trust funds will all be bankrupt by ...
Tags: Obamacare, Obama, Congress, California, Opinion, Senate, Sport, Joe Biden, Soccer, House Of Representatives, Ron Paul, Federal Reserve, Biden, Split, Trump, Oval Office


The world's largest wealth manager says central banks still have plenty of ammo that can keep stocks rallying

Kevin Lamarque/Reuters Investors who think central banks are out of policy ammunition are mistaken and could lose out on additional policy-driven gains, says Mark Haefele, chief investment officer at UBS Wealth Management.The Federal Reserve has slowed its roll after rapidly deploying unprecedented relief measures, and is expected to stay its course during this week's Federal Open Market Committee meeting.Still, the central bank can push more accommodative conditions through its new inflat...
Tags: Congress, Indonesia, Trends, Markets, Economic recovery, Ubs, SEC, Stocks, WTO, Federal Reserve, Stock Market, Morgan Stanley, FOMC, Monetary Policy, Central Bank, Fed


US stock futures rise on China data ahead of upcoming Federal Reserve policy meeting

Federal Reserve Chairman Jerome Powell testifies on Capitol Hill Reuters Most stock indices were up on Tuesday following upbeat Chinese retail sales data. Retail sales in China rose for the first time in 2020 by 0.5%. Traders also prepared for the Federal Reserve policy meeting that starts on Tuesday. Gold rose to a 2-week high as confidence in markets drove investors to sell US dollars. Visit Business Insider's homepage for more stories.US stock index futures rose on Tuesday, pointing to a...
Tags: Hong Kong, Japan, UK, London, China, Germany, US, Trends, Britain, Shanghai, Treasury, Astrazeneca, West Texas Intermediate, Pfizer, Federal Reserve, Paul Lambert