Bond prices sink, banks catch a bid as potential for more hawkish Fed interest rate stance is seen to increase. Energy prices stable to down. Warsh in the lead.
Allegedly dovish Yellen comments now interpreted as hawkish, Financial sector stocks get a boost Wednesday, anticipating higher interest rates.
The U.S. Fed launches its long awaited and long feared epic bond sale, beginning the QE wind down. But mum’s the word on any more 2017 interest rate hikes.
Replace Yellen with a new Fed chair who will make economic growth the central bank's top priority so that the American economy can really start to grow again.
Fed Chair hints interest rate hikes may moderate. Most stocks rally, oil gets a boost, financials lag and bond prices weaken.
We stumble into a surprise midweek, midsummer rally, toy with silver and gold positions, and get ready to attend an actual Millennial wedding. Change.
Uncertainty over Obamacare “repeal and replace” status also sobers trading mood on Wall Street, though tech manages a NASDAQ rally.
Nation’s money gurus remain in a state of confusion, as deep-staters would love nothing better than to kill the Trump rally. Whose side are these people on?
Traders and investors get the averages back into the green as they try to puzzle out whether President-elect Trump and Fed Chair Yellen can get along.
Saudis, OPEC supposedly agree to November oil production cut. Iran, as always, will be the wild card. Janet Yellen tries—feebly—to counter criticism from Donald Trump.
Janet Yellen’s case for a September Federal Reserve interest rate hike weakens on Thursday data dump. Thinly traded markets react in confusion as oil tanks.
One thing is becoming increasingly clear. Like the rest of official Washington, the Federal Reserve has no clue about the current economy or the misery of the masses.
Pharmas, biotechs selectively hammered, oil attempts to stabilize, but most traders await the Oracle of Jackson Hole, Wyoming.
Deadly slow trading, crude oil rally reversal, waiting for the Fed chair’s likely non-message transforms stock market into a red-ink meat grinder Wednesday as stocks fall, gold takes a hit.
But where’s the beef? U.S. companies brag about increasing minimum wage salaries. But what about the dying middle class?
WASHINGTON, June 15, 2016 – The Federal Open Market Committee (FOMC) made its widely-expected non-proclamation Wednesday afternoon, announcing no interest rate increase for the month of June. On the other hand, this afternoon’s statement still strongly suggests that at least a pair of interest rate increases remain on the table for 2016. Maybe. Or maybe ...
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 ...
Meanwhile the Federal Reserve and Chair Janet Yellen punt on interest hikes once again as stocks try to hold onto a tepid Wednesday rally.
WASHINGTON, March 30, 2016 – After a negative open on Tuesday, markets got back on the upswing with remarks from Fed Chair Janet Yellen that were clearly designed to reverse the bad cheer spread last week by inflation hawk James Bullard, President of the St. Louis Fed. The fun continues in Wednesday morning trading action, ...
WASHINGTON, March 29, 2016 – Tuesday trading action got off to a bad start this morning due to negative vibes from the usual suspects: oil, which continued to decline sharply from last week’s $40 plus per barrel peak; and rising interest rate fears, kicked off by hawkish comments from St. Louis Fed Prez James Bullard. ...