Jerome Powell

Treasury yields rise as markets await Fed meeting minutes

US Treasury yields rose Wednesday on weaker demand for fixed income assets as investors await the release of the Federal Reserve’s minutes from its July meeting. The yield on the benchmark 10-year Treasury note rose just over 4 basis points to 2.869%, while the yield on the 30-year Treasury bond traded up 2 basis points …

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Bond yields are flat as traders look ahead to big data releases

Bond yields were flat Tuesday as markets looked ahead to new data on housing, manufacturing and retail sales. The yield on the benchmark 10-year Treasury note was up less than 1 basis point at 2.797%, and the yield on the 30-year Treasury bond fell marginally to 3.096%. The yield on the shorter-term 2-year Treasury note …

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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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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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Wage inflation, used car prices could jump higher: Jim Bianco

Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it. “I don’t see anything that will reduce the inflation rate. There are some things that might reduce prescription drug prices and maybe a couple of other …

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Fed officials signal more sharp rate hikes amid inflation

A pair of top Federal Reserve officials is indicating that additional sharp interest rate hikes are on the way as the central bank scrambles to bring down decades-high inflation. San Francisco Fed President Mary Daly said Sunday that the Fed is “far from done” in its effort to lower prices. Daly is a member of …

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Is the economy in a recession? Top economists weigh in

‘We should have an objective definition’ Officially, the NBER defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed a second consecutive contraction this …

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White House goes on offense to argue that the US is not in a recession

US President Joe Biden delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, US, July 28, 2022. Elizabeth Frantz | Reuters WASHINGTON — The White House responded to second-quarter negative GDP growth with a full slate of events and a well-coordinated message: Despite what everyone is saying, the US …

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Here’s what a possible recession could mean for American consumers

Americans want to know: Is this a recession or not? Officially, the National Bureau of Economic Research defines recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the …

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Bitcoin Price Moves Higher On Fed Rate Hike – Bitcoin Magazine

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium market newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. On July 27, 2022, the Federal Reserve went through with another 75-bp rate hike. This was …

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