FOMC

Former Treasury Secretary Lawrence H. Summers is keeping his eyes peeled for the "most important number for the week" ahead of the Federal Reserve's inaugural Federal Open Market Committee meeting this year. What Happened: In a very full economic calendar this week,...

Allianz chief economic adviser and noted economist Mohamed El-Erian believes the retreating dollar indicates how the markets are reassessing the Federal Reserve’s policy vis-a-vis other advanced economies. What Happened: The dollar index fell significantly this week...

More U.S. consumers are reportedly depending on their credit cards each month while many are doing so without being aware of the interest rates they’re paying. According to data collected by Bankrate LLC in December, close to 46% of cardholders don’t pay off credit cards in full...

The S&P 500 traded higher in the opening week of 2023 on optimism the Federal Reserve is making progress on taming inflation. On Friday, the Labor Department reported the U.S. economy added 223,000 jobs in December, exceeding economist estimates of 200,000 new jobs. However, wage growth dropped...

St. Louis Federal Reserve President James Bullard has reportedly expressed optimism that 2023 could finally bring relief from inflation and that the risk of a U.S. recession has come down in recent weeks. The Federal Open Market Committee “has taken aggressive action during 2022, with ongoing...

Inflation remains the central bank's top priority, according to the November meeting minutes released Wednesday by the Federal Open Market Committee. What Investors Need To Know: The Fed's language on the economy was relatively bullish, given recently elevated fears of a U.S. recession. The...

A busy week ahead to say the least, let’s take a market minute to discuss what you should be dialed in on. After last week’s hotter-than-expected PPI figures suggesting inflation remains persistent, market participants are going to look to the consumer side of the equation this week. We...

A busy week ahead to say the least, let’s take a market minute to discuss what you should be dialed in on. After last week’s hotter-than-expected PPI figures suggesting inflation remains persistent, market participants are going to look to the consumer side of the equation this week. We...

According to the latest MLIV Pulse survey, professional investors and do-it-yourself traders are sharply divided over the best way to position ahead of the Federal Reserve’s rate decision on Wednesday, reported Bloomberg. The top responses showed that 37% of retail investors believed owning U...

Allianz chief economic adviser and noted economist Mohamed El-Erian said the stock market’s volatile movement on Wednesday reinforced the Federal Reserve’s reputation as the biggest central bank contributor to market volatility "during an FOMC day." “...

Former Treasury Secretary Lawrence H. Summers has praised Federal Reserve Chair Jerome Powell for his policy stance stating the apex bank head has framed the issues correctly. I am not sure of the FOMC statement, which the market read as backing off inflation fighting, but I thought @federalreserve...

The Chair of the Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has sent a letter to Federal Reserve Chair Jerome Powell, reminding him about the central bank’s dual mandate and asking him not to forget his responsibilities to ...

FOMC Minutes Don’t Offer Any Hope For Gold The recent FOMC minutes confirm the Fed’s commitment to curb inflation and, apparently, gold prices. For all those looking forward to the Fed’s pivot, I have bad news. The recently published FOMC minutes from the September meeting reveal...

The US headline CPI data released last week surprised the market with a smaller drop than expected. As such, a higher chance is being given to a 75-basis-points rate hike in the upcoming September FOMC meeting. The US stock market reacted with a major sell-off last week, signalling that...

The dollar index, a gauge that reflects the strength of the dollar against a basket of currencies, hit a two-decade high of 109.4 on Monday. The move comes after Federal Reserve Chair Jerome Powell indicated in his Jackson Hole speech on Friday that another unusually large hike could be appropriate...