Positive jobs reports can be bad news for the market. The latest strong jobs report, for example, revived Wall Street fears of continued inflation and a more aggressive Federal Reserve as markets were volatile on the news. Stocks opened lower following the jobs report from the U.S. Bureau of Labor Statistics, with a brief rally…
Strong Jobs Report Revives Fears of Inflation and More Aggressive Fed
February 3, 2023
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Business & MarketsCompanieseconomic policieseconomyFederal ReserveinflationJobs MarketMarketspersonal financePolicies & ImpactsUSUS Newswages
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Dove or Hawk? Fed Chair Jerome Powell Bracing America for ‘Ongoing’ Rate Hikes
February 1, 2023
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Business & Marketseconomic policieseconomyFederal Reserveinterest ratesjerome powellPolicies & ImpactsUS
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The Federal Reserve raised interest rates by 25 basis points, lifting the target rate to a more than 15-year-high of 4.50–4.75 percent. While investors had anticipated a quarter-point jump to the benchmark federal funds rate, financial markets had added to their losses when the Federal Open Market Committee (FOMC) statement revealed “ongoing” rate hikes and…
LIVE NOW: Federal Reserve Chairman Jerome Powell Speaks After Policy Meeting
U.S. Federal Reserve Chairman Jerome Powell holds a news conference at 2:30 p.m. ET on Feb. 1. He is expected to announce that the Federal Reserve will speed up the end of its pandemic-era bond purchases and signal a turn to interest rate increases next year as a guard against surging inflation. The Epoch Times…
Federal Reserve Chairman Jerome Powell Speaks After Policy Meeting
U.S. Federal Reserve Chairman Jerome Powell holds a news conference at 2:30 p.m. ET on Feb. 1. He is expected to announce that the Federal Reserve will speed up the end of its pandemic-era bond purchases and signal a turn to interest rate increases next year as a guard against surging inflation. The Epoch Times…
Federal Reserve Raises Interest Rates by Quarter-Point, Signals Further Rate Hikes
The Federal Reserve raised interest rates by 25 basis points, matching market expectations and lifting the benchmark federal funds rate to a target range of 4.50 to 4.75 percent. This was the smallest rate increase since the current quantitative tightening cycle began in March 2022. Central bank officials believe that further increases will be necessary…
Federal Reserve Raises Interest Rates by Quarter-Point, Expects Ongoing Rate Hikes
The Federal Reserve raised interest rates by 25 basis points, matching market expectations and lifting the benchmark federal funds rate to a target range of 4.50 percent and 4.75 percent. This was the lowest rate hike since the first increase of the current quantitative tightening cycle in March. Central bank officials believe that ongoing increases…
The Fed and the Great Pillaging
February 1, 2023
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Business & MarketsBusiness ColumnistsFederal ReserveinflationOpinionquantitative tighteningrecessionU.S. economyViewpoints
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Commentary There are many ways to measure the amount of dollars that exist today but let’s choose M2 because it seems most reliable for now. There are now 21.3 trillion dollars extant. That’s $6 trillion more than existed just three years ago. For perspective, the entire USD money stock just ten years ago was $6…
US Consumer Confidence Slips as Recession Fears Grow
January 31, 2023
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Business & Marketsconsumer confidence indexeconomic policieseconomyFederal ReserveinflationInvestmentMarketspersonal financePolicies & ImpactsrecessionUS
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American consumer confidence has begun to stumble at the start of the year, as recession fears grow. The Conference Board, a business research group, reported on Jan. 31 that its consumer confidence index slightly fell 107.1 in January, down from 109 in December, which was the highest reading since April. Households appear to be a bit…
NTD Business (Jan. 31): Pfizer Expects COVID Vaccine Sales Dip; Exxon Sets New Record for Western Oil Profit
Pfizer stock lost $43 billion in value this month, and it’s expecting a big drop in sales this year for its COVID-19 products. Oil giant Exxon, breaking the profit record for the Western oil industry. How did it make so much money? The Federal Reserve set to raise interest rates again this week. We talk to…
US Employment Costs Slow to Finish 2022, Inflation-Adjusted Wages Still Negative
Employment costs rose in the fourth quarter at a lower-than-expected pace, according to new data from the Bureau of Labor Statistics (BLS). In the three months ended in December, the Employment Cost Index (ECI) advanced 1 percent, slightly lower than economists’ expectations of 1.1 percent. This is down from the 1.2 percent increase in the…
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