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Federal Reserve

Obama v. Trump v. stocks: Lies, damned lies and politicians

WASHINGTON, June 2, 2016 – June is bustin’ out all over on Wall Street. The problem is, stock and bond traders and investors don’t seem to know which way it’s bustin’. The usual suspects—Saudi oil extortionists, an intrusive federal government, and big-mouth CEOs guarding their turf—are making investors nervous with their latest round of blustering ...

Tuesday stocks turn tail and run. Higher U.S. interest rates loom

WASHINGTON, May 31, 2016 – The merry, merry month of May is limping to a month-end close in Tuesday Wall Street trading action. As of 2:30 p.m. EDT, all three widely followed stock averages—the Dow Jones Industrials, the S&P 500 and the NASDAQ—are off sharply, with the Dow taking the worst hit, currently sitting at ...

Yellen: Interest rate hike ‘probably in the coming months’

WASHINGTON, May 27, 2016 – In very thin holiday-driven trading Friday, stocks opened with a decided upside bias. But mid-afternoon brought word that the Federal Reserve once again seems to be inching toward another ratchet up in interest rates, with the next incremental hike likely coming in early to mid-summer. At least that’s the way ...