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Fed’s Powell to Double Down on ‘No Rush to Cut’ Message

Breadcrumb Trail LinksPMN BusinessFederal Reserve Chair Jerome Powell is expected to double down on his message that there’s no rush to cut interest rates, especially after fresh inflation data showed that price pressures persist.Author of…

EUR/USD Edges Up Even As Fed Speakers Echo Powell, German Inflation Eyed

EUR/USD Main Talking Points:EUR/USD’s Fed-inspired slide didn’t break its downtrend or trading rangeThe Single currency is creeping back up within that rangeThere are still plenty of European Central Bank speakers on tap this weekThe Euro…

Fed’s Powell rebuffs Corporate America’s RTO mandates

If Corporate America was hoping Fed chair Jay Powell would provide ammunition in the ongoing battle to end the scourge of remote work, instead it got friendly fire. Three years on from the rollout of life-saving COVID vaccines and the…

Jerome Powell Makes Crucial Comment for Cryptocurrency Market By U.Today

Jerome Powell Makes Crucial Comment for Cryptocurrency Market U.Today - Jerome Powell, Chairman of the Federal Reserve, recently made statements that carry substantial weight for the financial markets, including cryptocurrencies. His…

Fed Chair Powell speaking Sunday evening US time, Globex & Asia FX markets will be on edge

I posted this on Friday but ICYMI, Federal Reserve Chair Powell recorded an interview on Thursday with US TV show 60 minutes. He was questioned on inflation risks and the economy, the timeline for cutting rates, and more.The interview will…

Donald Trump Won't Reappoint Fed Chair Jerome Powell If Elected President

In a recent statement, former President Donald Trump made it clear that, if elected for a second term, he would not reappoint Jerome Powell as the Federal Reserve Chair. Trump has expressed his dissatisfaction with the current Fed Chair's…

BoA says Powell hoodwinked the markets – all fooled by ‘Maradona Theory of Interest Rates’

Here's an unusual, and entertaining, take on the Federal Open Market Committee (FOMC) on Wednesday from Bank of America.“The Maradona Theory of Interest Rates is alive and kicking”Bank of England Governor Mervin King first formulated the…

US dollar falls on dovish remarks by Fed’s Powell By Reuters

© Reuters. FILE PHOTO: A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar fell on Friday, after…

S&P 500 hits 2023 closing high as Powell strengthens peak rate bets By Reuters

© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. REUTERS/Brendan McDermid/File Photo By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied and the…