US Stock Market Hits New Highs as Fed Maintains Interest Rate Outlook: March 20 Report
US Stock Journal｜ Three indexes hit new highs simultaneously, Fed not expected to cut interest rates (RELATED PRESS) Wall Street stocks rose, with the S&P 500 index exceeding 5,200 points and the Dow Jones Index rising over 400 points. Both of them, along with the Nasdaq Index, have reached record highs. The US Federal Reserve […]
Former Bank of Japan Board Member Highlights Conditions for Exiting Accommodative Monetary Policy
Former Bank of Japan advisory board member, Tsuyoshi Kataoka, suggested on Thursday that the central bank will only be able to exit its accommodative monetary policy if it consistently meets its 2% inflation target. Speaking at the Reuters Global Markets Forum, Kataoka emphasized the importance of successful wage negotiations in the spring of 2024 to […]
Cleveland Fed President: US Labor Market Remains Strong Amid Signs of Balancing
Strong US Labor Market Shows Signs of Balancing, Says Federal Reserve Official Washington, DC – In a recent speech, Cleveland Federal Reserve Bank President Loretta Mester emphasized that despite indications of balancing, the US labor market remains resilient. Mester also highlighted the importance of data-driven interest rate decisions. “Despite witnessing some improvements in the balance […]
Philadelphia Fed President Expects No Further Interest Rate Hikes This Year
Philadelphia Fed President Expects No Further Interest Rate Hikes in 2020 New York, August 24 (Reuters) – Speaking at the Kansas City Fed’s Jackson Hole symposium in Wyoming, Philadelphia Federal Reserve Bank President John Harker expressed his belief that the Federal Reserve will not raise interest rates any further this year. In an exclusive interview […]
Fed President Thomas Barkin Urges Caution as US Economic Growth Shows Signs of Re-Acceleration
Richmond Federal Reserve Bank President Thomas Barkin Discusses Potential Re-Acceleration of US Economic Growth by [Author Name] Washington, DC – In a statement released on Thursday, Thomas Barkin, the President of the Federal Reserve Bank of Richmond, emphasized the need for the Federal Reserve Board (Fed) to be aware of the possibility that the United […]
Resilience of US Economy in Question as S&P 500 Struggles to Follow Higher
S&P 500 Struggles as Investors Question US Economy’s Resilience Investors are increasingly skeptical about the long-term strength of the US economy, making it difficult for the S&P 500 to continue its upward trajectory, according to equity strategists at Morgan Stanley. The S&P 500 has recorded a modest 14% gain this year, prompting concerns among investors […]
Wells Fargo Investment Institute Raises US GDP Growth Forecast for 2023
Wells Fargo Investment Institute Raises US GDP Growth Forecast for 2023 In a significant update, the Wells Fargo Investment Institute (WFII) revised its projection for the US gross domestic product (GDP) growth in 2023. The previous forecast of 1.1% has now been lifted to an optimistic 2.2%. This adjustment reflects a positive outlook for the […]
US Federal Reserve Grapples with Unprecedented Monetary Policy Challenges Amidst Falling Inflation and Stable Unemployment
Fed Facing Uncertain Territory in Managing Monetary Policy Byline: Reuters The US Federal Reserve Board (FRB) finds itself in unfamiliar territory as it navigates its monetary policy management without a clear guide. The Federal Reserve Bank of Richmond highlighted this challenge in a research note analyzing the Fed’s interest rate cycle. It noted that despite […]
Weaker Non-Farm Payrolls Growth in July Decreases Probability of Rate Hike
US Non-Farm Payrolls Growth Below Expectations, Chance of Rate Hike Declines Washington, DC – According to the US Labor Department’s July jobs report, the nonfarm payrolls in July grew at a slower rate than anticipated, causing the Federal Funds futures market’s implied probability of another rate hike this year to fall below 30%. This news […]
US Interest Rate Futures Market Sees Slight Drop in July Rate Hike Probability Following Slower PCE Price Index
US Interest Rate Futures Market Slightly Less Confident in July Rate Hike The US interest rate futures market showed a slight decline in the probability of a rate hike at the upcoming July meeting of the Federal Open Market Committee (FOMC). Previously standing at around 90%, the probability has now shifted to approximately 85%. This […]
