Interest Rates

Fed Minutes Lean on Inflation, Jobs Data For Rate Hike Direction

The Federal Reserve is likely to use incoming data, as opposed to a preferred policy path, to determine the size of future rate hikes, minutes from the central bank’s July policy meeting indicated Wednesday, although inflation was described as ‘uncomfortably high’ by Chairman Jerome Powell and his colleagues. The minutes indicated that the pace of …

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Fed minutes July 2022:

Federal Reserve officials at their July meeting indicated they likely would not consider pulling back on interest rate hikes until inflation came down substantially, according to minutes from the session released Wednesday. During a meeting in which the central bank approved a 0.75 percentage point rate hike, policymakers expressed resolve to bring down inflation that …

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Recession is spreading, warns Peter Boockvar

There may be no escape from recession. The latest reports on housing and manufacturing, according to investor Peter Boockvar, suggest it’s rapidly spreading to other parts of the economy. “People are not being sensitive enough to this economic slowdown and what it’s going to be mean for corporate earnings and profit margins,” the Bleakley Advisory …

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Goldman sees a ‘feasible but difficult path’ for the Fed to defeat inflation without a recession

Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The Federal Reserve’s path to bringing down runaway inflation while keeping the economy from slipping into a major downturn is still open but is getting narrower, according …

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Stocks Rally Despite ‘Underwhelming’ Data From China Sparking Global Recession Fears

Topline the stock market moved slightly higher on Monday despite disappointing economic data out of China leading to rising concerns about a global recession and a drop in oil prices; meanwhile, investors are looking ahead to a big week of retail earnings. Here we go again: A flurry of disappointing economic data in the US …

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Fed’s Barkin says rate increases need to continue until inflation holds at 2%

Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin said Friday that more interest rate increases will be needed to tamp down price pressures. Releases this week showing that consumer and wholesale price increases softened in July were “very welcome,” Barkin told CNBC’s “Squawk on the Street” in a live interview. “So …

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Fed expected to stick with hawkish interest rate hikes, strategists say

The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the US could be easing, according to market strategists. On Thursday, the producer price index surprisingly fell 0.5% in July from the prior month, compared with an estimate of a 0.2% gain, according to …

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Manhattan rents hit record high for the sixth month in a row

CNN Business — Rents in Manhattan have hit a record high for the sixth month in a row. Median rent for an apartment in Manhattan climbed to $4,150 a month in July, surging 29% from a year ago, according to a monthly report from brokerage firm Douglas Elliman and Miller Samuel Real Estate Appraisers and …

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Look at these stocks to lead a comeback rally if inflation has peaked

Stocks soared Wednesday after a better-than-expected slowdown in the pace of rising consumer prices. The consumer price index, which measures the price of a basket of goods and services, rose 8.5% in July from a year ago, as compared with estimates of an 8.7% increase. Investors cheered the news , which led many to wonder …

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The easing of inflation pressures is giving the economy some breathing room, for now

A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, US, June 10, 2022. Andrew Kelly | Reuters If inflation has been the biggest threat to US economic growth, then July’s data should provide signs that there’s at least some relief in the pipeline. Prices were flat …

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