U.S. economic activity expanded slightly from late February to early April and there were fears among businesses that progress in reducing inflation would stall, a Federal Reserve (Fed) survey showed Wednesday, continuing with recent trends that have prevented the central bank from cutting interest rates. The U.S. central bank released its latest view on the … Read more
The Road to Achieving Confidence Months of assurances from Federal Reserve Chair Jay Powell about rate cuts in 2024 were abruptly abandoned last week. Powell openly acknowledged that it is likely to take longer than expected for the Federal Reserve to achieve its desired level of confidence in the economy. This significant shift in stance … Read more
Washington. Employment in March showed signs of optimal health of the economy in the United States, with job creation much higher than expected by a market that fears that these data will prompt the Federal Reserve (Fed) to delay the expected rate cuts. interest. The largest economy in the world added 303 thousand jobs in … Read more
Washington. Federal Reserve Chairman Jerome Powell reiterated this Wednesday that the US central bank has time to deliberate on its first interest rate cut given the strength of the economy and recent inflation readings. “Recent data on job growth and inflation have been stronger than expected,” Powell said in remarks prepared for a meeting at … Read more
Walt Disney Co Shareholder Vote: Activist Investor Nelson Peltz Awaits Results Nelson Peltz, the activist investor involved in a long-standing battle with the Walt Disney Co, may finally face the judgment today. The highly anticipated results of the shareholder vote to select new board members are scheduled to be announced at the company’s annual stockholders … Read more
The price of Texas intermediate oil (WTI) It opened this Friday with a decrease of 0.54%, to $78.50 a barrel. At 9:04 local time (14:04 GMT), WTI futures contracts for delivery in April lost 43 cents compared to the close of the previous session. The markets are attentive to the next movements of the Federal … Read more
U.S. Federal Reserve Board Chairman Jerome Powell answers a question from the media during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve Board Building Federal Reserve William McChesney Martin Jr. in Washington, DC, US, March 22, 2023. Powell announced an interest rate increase of 0.25 percentage points. … Read more
US Federal Reserve Governor US Federal Reserve Governor Jerome Powell’s press conference included the following points: First: The US Federal Reserve Governor reads the interest statement: The US Federal Reserve is committed to returning inflation towards its specified target and optimal exploitation of the labor market. It is natural to look at what has been … Read more
Investors will be keeping an eye on Federal Reserve Chairman Jerome Powell’s statement today for signs of the Fed’s interest rate direction. Before the Fed begins its Blackout Period tomorrow. Mr. Powell is scheduled to speak at two rounds of talks today to be held in Atlanta, Georgia, with the first round starting at 11:00 … Read more
An attempt to pressure or change policy? As for Krishna Guha of Evercore, he considered that Powell’s “tougher tone” could be read as an attempt to pressure against further easing of financial conditions, and to limit expectations of lowering interest rates within the acceptable range, while preserving the possibility of increasing interest rates again. if … Read more