Markets

Central banks need to brace themselves against investor optimism and hold firm on monetary policy, per the IMF. The fund said price stability needed to be prioritized over a potential contraction in the stock market. The IMF pointed out that services inflation was unlikely to fall as quickly as price rises for goods. Loading Something… Continue reading Central banks need to push back against investor optimism to ensure price stability, IMF says, even if that means declines in stocks

Predictions of a steep recession and runaway inflation are wrong, Paul Krugman said in an op-ed. The top economist said inflation is falling more rapidly than the Fed thinks. The Fed, however, still risks causing a recession if it tries to respond to “imaginary” stagflation.  Loading Something is loading. Thanks for signing up! Access your… Continue reading Nobel economist Paul Krugman says doomsday economic predictions were wrong, and the Fed risks a recession if it tries to respond to ‘imaginary’ stagflation

Phil Rosen Jerome Powell. Reuters/Joshua Roberts US stocks traded lower Tuesday, with Fed Chair Jerome Powell scheduled to speak at 12:40 p.m. ET in Washington, DC.  Markets rallied last week after the Fed’s 25-basis-point rate hike and Powell’s upbeat comments on the economy.  Minneapolis Fed President Neel Kashkari said Tuesday the tight labor market shows… Continue reading US stocks slip as investors brace for Fed Chair Jerome Powell’s speech

The rally in tech stocks this year could prove short-lived, Steve Eisman warned. The “Big Short” investor sees growth stocks underperforming if the Fed doesn’t cut interest rates. Eisman said higher unemployment could hit the housing market, and dismissed bitcoin as pointless. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading ‘Big Short’ investor Steve Eisman rings the alarm on the tech-stock rally and slams bitcoin as pointless in a new interview. Here are the 10 best quotes.

US stocks fell Monday as investors continue to assess January’s unexpectedly strong jobs report.  The strong labor market may keep the Fed from signaling its ready to pause raise hikes.  Bond yields are spiking higher after the jobs data.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading US stocks fall as investors assess Fed path after the strong January jobs report

Jennifer Sor Getty Images Stocks could rally 21%, as there are indicators flashing their strongest signal since 2020, according to Ned Davis Research. The firm pointed to the S&P 500, which recently formed a so-called golden cross. Such signals have been confirmed by other longer-term indicators of stock market breadth, the firm said. Loading Something… Continue reading The stock market could jump 21% as bullish indicators flash their strongest signal since 2020

OPEC+ may need to lift oil output as Chinese demand is shaping up for a strong comeback, the IEA’s chief said.  The Paris-based IEA expects half of this year’s global oil demand growth to come from China, he said. There are already signs Chinese oil demand is recovering as Beijing eases COVID-19 curbs, Birol said. … Continue reading OPEC+ may need to lift its oil output given signs China’s reopening could deliver a strong boost to demand, IEA chief says

The US is likely to narrowly avoid falling into a recession, IMF head Kristalina Georgieva told CBS. Investors are weighing the odds of a US “soft landing” after aggressive Federal Reserve interest-rate hikes. The Fed should stay the course until inflation cools and be careful not to ease up too soon, Georgieva said. Loading Something… Continue reading IMF boss Georgieva says the US will narrowly avoid recession and the Fed needs to stay the course on hiking interest rates