Category: Fed

  • Deutsche Bank expect 3 Fed rate cuts in 2024. BoA says just 1

    The Federal Open Market Committee (FOMC) meets on the 30th and 31st: Statement due at 1400 ET (1800 GMT) Fed Chair Powell’s press conference is in half an hour. Deutsche Bank expects nothing at this week’s meeting: First 25bp cut in September This was followed by a 25 basis point…

  • US stock futures rise with Fed, big tech earnings in focus By Investing.com

    U.S. stock index futures rose in overnight trading on Sunday as focus shifted to the Federal Reserve’s upcoming meeting for further signals on interest rate cuts. Also in focus was a string of second-quarter earnings from Wall Street heavyweights such as Apple Inc and Microsoft Corp, which are due in…

  • Spooked U.S. stock market faces tech earnings minefield, Fed meeting By Reuters

    By David Randall NEW YORK (Reuters) – Nervous investors are bracing for earnings from the market’s biggest technology companies, a Federal Reserve policy meeting and closely watched employment data in a week that could determine the immediate path for U.S. stocks after a bout of intense turmoil. A months-long rally…

  • Timiraos: Fed cut unlikely on Wednesday but officials wary of waiting too long

    The Wall Street Journal’s Fed watcher Nick Timeraos released his latest interest rate forecasts, and he didn’t include any sort of leak about a potential rate cut. Instead, Timeraos confirmed that the Fed will be preparing to cut rates in September without making a prior commitment. That’s a consensus view…

  • Fed rate hikes finally squeeze these parts of the economy

    In the year since the Federal Reserve raised interest rates to their highest levels in more than two decades, the central bank has succeeded in easing the pressure on the overheating U.S. economy. But the rise in borrowing costs has also had some unexpected effects. High-income households reap the benefits…

  • Fed Is About to Nod at a Rate Cut as Job Growth Moderates

    Breadcrumbs Path Links PMN Business Federal Reserve officials appear poised to cut borrowing costs within months, a move that Chair Jerome Powell may signal next week as risks to the strong but moderate labor market mount. Article author: Bloomberg News Red Pickert Published on July 27, 2024 • Read for…

  • Initial Atlanta Fed GDPNow growth tracker comes in at 2.8%

    The Atlanta Federal Reserve released its preliminary estimate of third-quarter GDP growth. It expects growth of 2.8% in the third quarter. In their own words: The GDPNow model’s preliminary estimate of real GDP growth (seasonally adjusted annual rate) in Q3 2024 is 2.8 percent On July 26. The preliminary estimate…

  • Atlanta Fed GDPNow growth estimate for 2Q comes in at 2.6% vs 2.7% previously

    Atlanta’s GDP growth estimate for the second quarter is now 2.6% versus 2.7% previously. This will be the last modeled report for the second quarter. At 8:30 a.m., advanced GDP will be released. Economists’ survey estimates a lower figure of 2.0%. In their own words: The GDPNow model estimate for…

  • US July Philly Fed +13.9 vs +2.9 expected

    Previous was +1.3 6-month index +38.7 vs. +13.8 previously Capital +7.4 vs. +12.1 previously Employment: +15.2 vs. -2.5 previously New Orders: +20.7 vs. -2.2 previously Prices paid: +19.8 vs. +22.5 previously Received prices: +24.2 vs. +13.7 previously Shipments: +27.8 vs. -7.2 previously Unfulfilled Orders: +9.1 vs. +8.9 previously Delivery times:…

  • UBS raises EUR/USD forecast amid US data and Fed rate cut prospects By Investing.com

    UBS revised its exchange rate forecasts, citing a lack of strength in the US dollar despite expectations that some political events would support it. Contrary to these expectations, gold and bitcoin prices rose, but not the US dollar. UBS’s adjustment reflects a complex interplay of factors, including recent weak U.S.…

  • UBS raises EUR/USD forecast amid US data and Fed rate cut prospects By Investing.com

    UBS revised its exchange rate forecasts, citing a lack of strength in the US dollar despite expectations that some political events would support it. Contrary to these expectations, gold and bitcoin prices rose, but not the US dollar. UBS’s adjustment reflects a complex interplay of factors, including recent weak U.S.…

  • UBS raises EUR/USD forecast amid US data and Fed rate cut prospects By Investing.com

    UBS revised its exchange rate forecasts, citing a lack of strength in the US dollar despite expectations that some political events would support it. Contrary to these expectations, gold and bitcoin prices rose, but not the US dollar. UBS’s adjustment reflects a complex interplay of factors, including recent weak U.S.…

  • Dow surges 742 points and small caps rally as investors bet big on Fed rate cuts

    The Dow Jones rose more than 700 points on Tuesday.Getty Images The Dow Jones rose more than 700 basis points on Tuesday. Small-cap stocks saw the biggest gain as bets on lower interest rates helped drive rotation to other parts of the market. Retail sales also encouraged investors, easing concerns…

  • Financial Times: Donald Trump warns US Fed chair not to cut rates before the election

    High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…

  • Dollar limping, but set to fightback as Fed rate cuts now priced in: Macquarie By Investing.com

    Investing.com – The U.S. dollar has found its footing after a few weeks of struggle, but as bears sharpen their claws for another strike, some are pointing to favorable fundamentals including pricing in interest rate cuts that will provide the greenback with plenty of resistance. The dollar has “clearly suffered…

  • Goldman Scahs makes the case for a July Fed cut. What’s priced in?

    The Fed’s blackout begins Friday at midnight and there’s little chance of a rate surprise unless officials announce it first. The main chance to do so today comes with Powell’s appearance at 12:30 p.m. ET at the Economic Club of Washington. Other than that, we’ll hear from a handful of…

  • Powell and the Empire Fed highlight the economic calendar

    Powell checks the calendar (AI image) I wish you a happy Monday and certainly a happier one than it could have been. The Fed chairman spoke twice last week, so it’s hard to imagine he’ll change his stance, but he had the CPI from the second day of his testimony,…

  • Cooler U.S. June CPI Boosted Odds Of Multiple Fed Rate Cuts In 2024

    U.S. consumer prices fell unexpectedly in June, The consumer price index fell 0.1% on a monthly basis. This represents the first decline since May 2020 and is in contrast to the expected 0.1% increase. It also represents a shift from the flat reading in May. When we remove volatile materials…

  • Stock Rotation Hits Megacaps on Bets Fed Will Cut: Markets Wrap

    (Bloomberg) — Wall Street traders betting the Federal Reserve will be able to cut rates soon sent bond yields tumbling — while driving a big rotation out of the tech megacaps that have powered the bull market in stocks. Most Read from Bloomberg Further signs that inflation is slowing down…

  • Fed Head Powell’s Testimony Kept September Cut on the Table As Labor Market Cools

    Federal Reserve Chairman Jerome Powell was the center of attention in his testimony before the Senate Banking Committee, where he suggested that waiting too long to cut interest rates could risk harming the U.S. labor market. Although he declined to offer any explicit guidance on easing, Powell acknowledged that business…