The August slowdown in job growth won’t throw off the Federal Reserve’s plans to reduce its asset purchases this year, four Federal Reserve officials said on Wednesday, though some cautioned a final decision requires more data. In comments published overnight in the Wall Street Journal, Atlanta Fed president Raphael Bostic, a voting member on policy…
Investors Betting on ‘Stable’ Choice of Powell Renomination at Fed
September 9, 2021
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NEW YORK—A potential renomination of Jerome Powell at the helm of the U.S. Federal Reserve would provide a needed sense of stability as the central bank prepares to pull back its emergency-level support, investors say, even while some chide the Fed chief for policies they say have pumped excessive liquidity into markets. Wall Street is…
Fed Likely to Announce Taper in November, Former Fed Official Says
The U.S. Federal Reserve is likely to announce the tapering of its asset purchases in November and begin the process a month later, former Federal Reserve official Dennis Lockhart said on Thursday. Waiting until November will give policymakers more data on the labor market’s recovery and economic growth, Lockhart told the Reuters Global Markets Forum…
Stocks Return to Records on Wall Street Following Fed Speech
August 27, 2021
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NEW YORK—Stocks are returning to records on Wall Street Friday after the head of the Federal Reserve said it’s still likely a ways away from raising interest rates, even if it does begin dialing back its support for the economy later this year. The S&P 500 was 0.7 percent higher at 4,502 in midday trading…
Stocks Fall After Kabul Bombing; Traders Also Wait for Fed
Technology and communication companies led a broad sell-off on Wall Street Thursday following deadly suicide attacks at the Kabul airport in Afghanistan. The S&P 500 fell 0.6 percent a day after capping a five-day winning streak with an all-time high. The Dow Jones Industrial Average fell 0.5 percent, while the Nasdaq composite lost 0.6 percent….
Washington’s Insouciance on the Inflation Question Is Dangerous
Commentary One of the most common complaints about Washington’s elite is its easy presumption of superior knowledge and insight. Few would suggest that elected and appointed officials lack knowledge or insight. What galls the public is how this elite so easily dismisses the perspectives of everyone but its own members (and perhaps the faculties of…
NTD Business Full Broadcast (June 16)
The Federal Reserve says it’s not worried about inflation and will keep policies unchanged. We have the details. Rent prices for single-family homes skyrocket. They’re seeing the largest gains in nearly 15 years. Which cities got hit the hardest? And Amazon worrying it’ll run out of people to hire. Many of its warehouse staff only stay for weeks or…
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