Economy

The table is set for rates to go lower: Fed's Schmid
August 09, 2024 08:24 PM AEST| By InvestingJeff Schmid, the President of the Kansas City Federal Reserve Bank and one of the more hawkish policymakers at the U.S. central bank, stated on Thursday that recent "encouraging" data has increased hi

US futures, Disney, Chinese inflation, EV sales - what's moving markets
August 09, 2024 06:28 PM AEST| By Investing
S&P 500 correction like not over: strategists
August 09, 2024 06:10 PM AEST| By InvestingInvesting.com -- Amid heightened market volatility, investor newsletter Stock Trader's Almanac is warning that the recent pullback in the S&P 500 may not be over. With comparisons being drawn to past

Fed has 'some time' to assess slowdown in economy, Fed's Barkin says
August 09, 2024 07:20 AM AEST| By InvestingInvesting.com -- Richmond Fed president Thomas Barkin on Thursday downplayed calls for urgent rate-cutting action, and said the Fed has time to wait to assess the pace of slowing in the economy.

Barkin says Fed 'some time' to assess slowdown in economy amid normalizing growth
August 09, 2024 06:12 AM AEST| By InvestingInvesting.com -- Richmond Fed president Thomas Barkin on Thursday downplayed calls for urgent rate-cutting action, and said the Fed has time to wait to assess the pace of slowing in the economy.

July inflation seen ticking higher but still good enough for Fed cuts: BofA
August 08, 2024 10:08 PM AEST| By InvestingThe consumer price index (CPI) data for June surprised to the downside but some of that surprise should reverse in July, Bank of America (NYSE:BAC) economists said in a Thursday note.

JPMorgan now sees a 35% chance of US recession this year
August 08, 2024 07:46 PM AEST| By InvestingJPMorgan (NYSE:JPM) has adjusted its probability of a U.S. recession this year to 35%, up from 25% in its midyear outlook, the Wall Street giant revealed in a Wednesday report.

US futures, jobless claims, Apple - what's moving markets
August 08, 2024 06:26 PM AEST| By Investing
RBI keeps interest rates unchanged at 6.5%, cuts Q1 GDP forecast
August 08, 2024 03:12 PM AEST| By InvestingInvesting.com-- The Reserve Bank of India kept interest rates unchanged as widely expected, and reiterated that it will continue to withdraw accommodative policy to ensure a decline in inflation.

Futures rebound, Walt Disney, BOJ - what's moving markets
August 07, 2024 06:20 PM AEST| By Investing
Goldman: Market stress elevated but not at level to force Fed to intervene
August 07, 2024 05:58 PM AEST| By InvestingHigher volatility has led to increased market stress this week, Goldman Sachs (NYSE:GS) economists highlighted in a Tuesday note.

Intermeeting cuts? History says not even close: BofA
August 07, 2024 01:08 AM AEST| By InvestingIn a note to clients Tuesday, Bank of America (NYSE:BAC) analysts argued that the likelihood of the Federal Reserve implementing intermeeting rate cuts is extremely low based on historical precedent.

Fed likely to recalibrate, not pivot: Barclays
August 06, 2024 10:28 PM AEST| By InvestingThe Federal Reserve will recalibrate its approach in response to recent economic data but stop short of an aggressive policy shift, Barclays (LON:BARC) strategists said in a Monday note.

US futures, Nikkei rebound, Google's case - what's moving markets
August 06, 2024 06:36 PM AEST| By Investing
RBA keeps interest rates on hold, flags restrictive policy on sticky inflation
August 06, 2024 02:46 PM AEST| By InvestingInvesting.com-- The Reserve Bank of Australia kept interest rates steady on Tuesday, as expected, and said that it will need to keep monetary conditions tight to combat persistent inflationary pressur

Fed higher for longer stance may force intermeeting cuts: Evercore ISI
August 06, 2024 07:30 AM AEST| By InvestingInvesting.com -- The longer the Fed clings onto its higher for longer policy stance, the greater the risk that it may fall behind the curve and be forced to cut in between Fed meetings.

Banks loosen lending standards in Q2, Fed survey shows
August 06, 2024 04:28 AM AEST| By InvestingInvesting.com -- Loan officers at major banks eased lending standards in the second quarter of the year, according to the Fed’s July Senior Loan Officer Opinion Survey, released on Monday.

What is the Sahm Rule and are investors right to be worried?
August 06, 2024 12:15 AM AEST| By InvestingGlobal stock markets faced an air pocket on Monday, leading investors to rely on the "Sahm rule," a highly accurate recession indicator, to assess whether the U.S. economy is in recession.

Chicago Fed President Austan Goolsbee to speak on CNBC
August 05, 2024 11:18 PM AEST| By InvestingChicago Federal Reserve President Austan Goolsbee stated on Monday that the central bank is prepared to respond to signs of economic weakness, hinting that current interest rates may be too prohibitiv

Markets are getting ahead of the Fed: BofA
August 05, 2024 07:58 PM AEST| By InvestingThe latest jobs data has heightened fears that the US economy is facing a downturn, leading to debates among investors that the Federal Reserve may need to accelerate its rate-cutting plans in order t

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