Prepare for a recession next year. That’s the word of warning from S&P Global Ratings economist Beth Ann Bovino in a report released the weekend after Thanksgiving Monday. “ “GDP will decline by 0.8%, a mild recession in line with the 1969/1970 recession.” ” — S&P Global Ratings As with many prognosticators inside and outside …
Senior Federal Reserve officials expect smaller interest rate hikes to “be appropriate soon” as the threat of a recession grows. Although the Fed still expects rates to rise more than expected, senior officials are unsure how far they will go. Slower rate hikes, they say, would give them more time to assess the “delayed” effects …
Fed eyes slower rate hikes as threat of recession grows Read More »
A bullish day is looming for equities after more upbeat inflation news as producer prices fell more than expected. That’s when the clock ticks down to Wednesday’s retail sales report. But while some investors cling to hope that last week’s stock run started with last week’s weaker CPI inflation report, Wall Street remains wary, with …
Fed Chairman Jerome Powell is learning on the job. He did not repeat the mistake he made at his July press conference, when he said some things that the markets interpreted as signs that the Fed was wavering in its commitment to fight the crisis. inflation. The SPX Fellowship, -2.50% took the same interpretation of …
Opinion: How Powell strayed from the Fed’s dovish message and sent markets tumbling Read More »
Whatever Federal Reserve Chairman Jerome Powell says when he takes the podium on Wednesday will likely have ramifications for financial markets. But what do equity investors need to hear from the Fed Chairman for the rally to continue? Market strategists who spoke with MarketWatch have a few thoughts. More importantly, anything Powell says to harden …
What Fed Chairman Powell can say to keep the stock market rally—or kill it Read More »
Last week offered a story of two markets, with gains for the Dow Jones Industrial Average putting the premier gauge on track for its best October on record while Big Tech heavyweights suffered a bombardment that reminded market veterans of the dot-com bust in the early 2000s. “You have a tussle,” Dan Suzuki, deputy chief …
The Dow soars, Big Tech falls: What’s next for stocks as investors await Fed guidance Read More »
The deepest and most liquid fixed income market in the world is in deep trouble. For months, traders, academics and other analysts have worried that the $23.7 trillion Treasuries market could be the source of the next financial crisis. Then last week, US Treasury Secretary Janet Yellen acknowledged concerns about a potential breakdown in government …
“If you think about where we are right now, the Federal Reserve Board is fighting something it hasn’t really seen in nearly four decades, and that is inflation. Inflation is a bit like toothpaste: once you take it out of the tube, it’s hard to put it back in, isn’t it?” —Paul Tudor Jones Billionaire …
