Posts in tag

Federal Reserve System


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. …

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 …

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 …

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 …

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 …

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 …

Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters Chairman Jerome Powell’s comments after the Fed’s expected rate cut are seen as confusing, and market pros say monetary policy has become muddled. The bottom line is the …

The underlying message by the Federal Reserve — after it cut interest rates on Wednesday — may not be as hawkish as many investors had interpreted it to be, according to the chief economist of Institute of International Finance. Stocks in the U.S. fell after Fed Chairman Jerome Powell suggested policymakers were not embarking on …

John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York, March 6, 2019. Lucas Jackson | Reuters When New York Federal Reserve President John Williams said central bankers need to “act quickly” as economic growth slows, a spokesperson said he was drawing from …

Business investments across the U.S. have slowed recently as uncertainties over the economic outlook linger, Federal Reserve Chair Jerome Powell said Wednesday in prepared testimony to the House House Financial Services Committee. “Inflation has been running below the Federal Open Market Committee’s (FOMC) symmetric 2 percent objective, and crosscurrents, such as trade tensions and concerns about …