Jason Ma Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on December 14, 2022 in Washington, DC. Alex Wong/Getty Images US stocks tumbled on Tuesday after Fed chief Jerome Powell opened the door to bigger rate hikes. Markets now see a 50-basis-point increase as likely… Continue reading Dow drops 574 points as Fed chief Powell opens the door to steeper rate hikes
Russia’s Nord Stream gas pipelines may have been sabotaged by pro-Ukraine group, report says
The Nord Stream pipeline explosions last year may have been the work of a pro-Ukraine group. A report in the New York Times on Tuesday cited new intelligence seen by US officials. Ukraine denied any knowledge or involvement as Western countries continue their investigations. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Russia’s Nord Stream gas pipelines may have been sabotaged by pro-Ukraine group, report says
Oil prices drop alongside other commodities as Fed Chair Powell opens the door to even higher US interest rates
Commodity prices slumped Tuesday as Fed Chair Powell indicated further rate hikes are coming. The US Dollar index hit a two-month high, pressuring dollar-denominated commodity prices. Oil lost more than 3%, silver slid nearly 5% and gold gave up ground. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Oil prices drop alongside other commodities as Fed Chair Powell opens the door to even higher US interest rates
A recession indicator just flashed its loudest warning ever as Fed chief Powell sees higher rates
A key recession indicator flashed its loudest warning ever on Tuesday. The inversion between the 2-year and 10-year Treasury yields hit a record 103.5 basis points. That came after Fed Chairman Jerome Powell said rates will likely go higher than anticipated. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading A recession indicator just flashed its loudest warning ever as Fed chief Powell sees higher rates
Markets are pricing in higher odds of a bigger Fed rate hike this month as Powell delivers hawkish testimony and key bond yields top highest level since 2007
Bets that the Fed will reaccelerate the pace of rate hikes in March flew higher Tuesday. Fed funds futures pricing suggests 61.6% odds of a half-point increase, up from 31.4% on Monday. Getting inflation back to 2% is “likely to be bumpy,” Fed Chair Jerome Powell told senators. Loading Something is loading. Thanks for signing… Continue reading Markets are pricing in higher odds of a bigger Fed rate hike this month as Powell delivers hawkish testimony and key bond yields top highest level since 2007
Tesla no longer Morgan Stanley’s top U.S. automaker pick
Morgan Stanley analyst now prefers Italian luxury-car maker Ferrari NV Author of the article: Bloomberg News Chiara Remondini Published Mar 06, 2023 • 2 minute read Join the conversation The Ferrari logo on the hood of a 488 GTB sports vehicle parked outside of the New York Stock Exchange. Photo by John Taggart/Bloomberg files Tesla… Continue reading Tesla no longer Morgan Stanley’s top U.S. automaker pick
3 factors affecting our currency that will hurt Canadians for years to come
Canadians will have to get used to a weaker, range-bound loonie for some time Published Mar 06, 2023 • Last updated 17 hours ago • 3 minute read 7 Comments Higher interest rates will have a bigger impact on the Canadian economy and inflation than in the U.S., writes Martin Pelletier. Photo by Mark Blinch/Reuters/File Photo… Continue reading 3 factors affecting our currency that will hurt Canadians for years to come
Stock market’s fate will be determined in the next 13 trading sessions
Four coming events that will make or break this year’s rally Author of the article: Bloomberg News Jessica Menton and Elena Popina Published Mar 05, 2023 • Last updated 11 hours ago • 4 minute read Join the conversation Traders will be monitoring four major events in the next 13 trading sessions. Photo by REUTERS/Brendan… Continue reading Stock market’s fate will be determined in the next 13 trading sessions
Recent Post
