The odds that fed funds futures will face a 1 percent interest hike, according to the CME Fed Watch Tool, surged to nearly 80 percent on July 14, a massive jump over earlier expectations. Inflation rates hit their fastest pace since 1981 in June, surging 9.1 percent higher from a year earlier and 0.5 percent more…
Odds Rise for Massive Fed Rate Hike as June Inflation Jumps Over 9 Percent
July 15, 2022
admin
Business & Marketseconomic policieseconomyFederal Reserveinflationpersonal financeU.S. interest rate hikesUS
0 Comment
US Retailers Facing a Potential Wave of Bankruptcies
June 24, 2022
admin
bankruptcyBusiness & MarketseconomyFederal stimulus packageinflationretail industryU.S. interest rate hikesUS
0 Comment
The U.S. retail industry might be at the precipice of a massive wave of bankruptcies, according to multiple experts, as customers struggle with shrinking purchasing power amid rising inflation. “We have potentially a perfect storm brewing,” Sally Henry, a professor of law at Texas Tech Law School and former partner at Skadden, Arps, Slate, Meagher…
Wall Street Futures Drop in Early Trading on June 22, Investors Fear Looming Recession
June 22, 2022
admin
Business & MarketsDow Jones futureseconomyFederal Open Market Committee (FOMC)MarketsrecessionS&P 500 benchmarkU.S. interest rate hikesUSWall Street futuresWorld
0 Comment
The Dow Jones Industrial Average and S&P 500 futures were in the red during early trading on June 22 ahead of Federal Reserve Chairman Jerome Powell’s congressional testimony. Dow Jones Industrial Average futures were trading at 30,167 as of 8:06 a.m. Eastern time on June 22, down over 300 points after opening at 30,495. Meanwhile,…
Fed Promises ‘Unconditional’ Commitment to Fighting Inflation
June 19, 2022
admin
Business & Marketseconomic recessioneconomyFederal Open Market Committee (FOMC)high inflationinflationU.S. interest rate hikesUS
0 Comment
The Federal Reserve has promised to fight inflation unconditionally while also warning about a rise in inflation expectations in its latest Monetary Policy Report. The Federal Open Market Committee (FOMC) has been “adjusting” its policies and communications since last fall in response to inflationary pressures, it said in a June 17 report. “The Committee is…
Corporate Junk Bond Spreads Exceed 500 Basis Points For First Time in Over 18 Months
June 19, 2022
admin
Business & Marketseconomyfloating-rate leveraged loanshigh inflationinflationjunk bondsMarketsU.S. interest rate hikesUS
0 Comment
Spreads on U.S. junk-rated corporate bonds have surpassed 500 basis points for the first time since November 2020. Junk bond is another name for a high-yield bond. On Thursday, the spread rose by 31 basis points to 508 points according to data from the Bloomberg U.S. Corporate High Yield index. In the past two weeks,…
US Manufacturing Slows Down, Leading Economic Index Falls for Third Straight Month
June 18, 2022
admin
American manufacturingBusiness & MarketseconomyinflationLeading Economic Indexmanufacturing outputU.S. interest rate hikesUS
0 Comment
Manufacturing output in the United States declined in May after three months of averaging almost 1 percent growth, according to the latest data by the U.S. Federal Reserve. “Manufacturing output slipped 0.1 percent in May; even so, the index has advanced 4.8 percent over the past 12 months. In May, the index for nondurable manufacturing…
Biggest Interest Rate Hike Since 1994; Are Home Prices Coming Down? | NTD Business
The Federal Reserve is delivering the biggest rate hike since 1994. It’s trying to cool down the economy and tame inflation. As interest rates move higher, what does that mean for home prices? Are they coming down? We ask people in the industry what they’re seeing. Caterpillar is ditching Illinois and moving its headquarters to Texas….
Fed to Raise Interest Rates Without ‘Hesitation’ Till Inflation Eases, Says Powell
May 18, 2022
admin
Business & Economyeconomic policieseconomyFed Meetshigh inflationinflationjerome powellU.S. interest rate hikesUSUS News
0 Comment
Federal Reserve Chairman Jerome Powell said that the central bank is committed to combating elevated inflation by raising interest rates till it comes down, according to an interview he gave to The Wall Street Journal’s Future of Everything Festival. “We will go until we feel like we are at a place where we can say,…
Fed to Raise Interest Rates Without ‘Hesitation’ Until Inflation Eases, Says Powell
May 18, 2022
admin
Business & Economyeconomic policieseconomyFed Meetshigh inflationinflationjerome powellU.S. interest rate hikesUSUS News
0 Comment
Federal Reserve Chairman Jerome Powell said that the central bank is committed to combating elevated inflation by raising interest rates until it comes down, according to an interview he gave to The Wall Street Journal’s Future of Everything Festival. “We will go until we feel like we are at a place where we can say,…
Analysts Expect Dollar to Remain Strong Over Next 6 Months, Fed Raises Interest Rates
The U.S. dollar is expected to retain much of its recent gains for at least the next six months according to a recent Reuters poll of foreign exchange strategists, which also predicted the currency weakening in a year. The dollar index has risen by more than 14 percent since the beginning of 2021, with about…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`