Federal Reserve System
5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures are down to start the week People walk along Wall Street near the New York Stock Exchange on March 08, 2022 in New York City. Spencer Platt | Getty Images U.S. stock futures were slightly …
Follow the big policy update, Chair Jerome Powell briefing here
Stocks drop after Fed update The Dow dropped more than 300 points at one point after the Fed’s update. With the Fed raising its inflation expectations and now seeing two rate hikes in 2023, investors decided to take risk off. The Dow was last down about 240 points. One bright spot was bank stocks with …
5 things to know before the stock market opens Wednesday, May 19
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures sink as tech names slide, bitcoin plunges Traders work on the floor of the New York Stock Exchange. NYSE 2. Bitcoin falls below $40,000 for first time in 14 weeks; Tesla falls A visual representation …
10-year Treasury yields will break out of slump in weeks: Wells Fargo
The 10-year Treasury Note yield may be on the verge of breaking out of its slump. After stabilizing over the past several weeks, Wells Fargo Securities’ Michael Schumacher predicts the current risk backdrop will re-energize yields in the coming weeks. He lists the Federal Reserve’s high level of comfortableness surrounding rising inflation, the massive amount …
Trump says Fauci’s warnings about reopening are not ‘acceptable’
Top coronavirus health expert Dr. Anthony Fauci’s recent warning about the potentially dire consequences of reopening states and schools too soon was “not an acceptable answer,” President Donald Trump said Wednesday. Trump told reporters at the White House that he was “surprised” by Fauci’s answers during a hearing before the Senate Committee on Health, Education, Labor and Pensions. …
5 things to know before the stock market opens March 20, 2020
1. Dow set for gains Friday but steep weekly losses A trader works on the floor of the New York Stock Exchange in New York, the United States, March 18, 2020. Michael Nagle | Xinhua News Agency | Getty Images Dow futures were pointing to about a 400-point jump at Friday’s open on Wall Street. Nasdaq …
5 things to know before the stock market opens March 18, 2020
1. Dow set to plunge at open after Tuesday’s rebound U.S. stock futures hit their 5% “limit down” levels, meaning they can’t trade any lower in Wednesday’s premarket. However, the exchange-traded funds that track the Dow Jones Industrial Average, S&P 500 and Nasdaq, which have no such curbs, were more than 6% lower. Another volatile …
Powell says the Fed will start expanding its balance sheet ‘soon’
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the NABE annual meeting in Denver, Colorado, U.S., on Tuesday, Oct. 8, 2019. Daniel Brenner | Bloomberg | Getty Images The Federal Reserve will soon start growing its balance sheet again, a response in part to the jolt to overnight lending markets in September, Chairman …
Wall Street monitors speech from Fed chair Jerome Powell
U.S. stock index futures were higher Friday morning, as market participants awaited a key speech from the Federal Reserve’s top official. At around 03:00 a.m. ET, Dow futures rose 108 points, indicating a positive open of more than 92 points. Futures on the S&P and Nasdaq were both slightly higher. Market focus is largely attuned …
Trump announces deal to expand US beef exports in the EU
President Donald Trump announced an agreement Friday to boost beef exports to the European Union. Surrounded by trade officials and beef industry representatives at the White House, Trump said signed a deal to “lower trade barriers in Europe and expand market access for American farmers and ranchers.” Over the course of the deal, annual duty-free …
