JPMorgan’s top quantitative analyst sees aid from the Federal Reserve and summer sunlight bringing a market rebound sooner than initially expected. The S&P 500 will return to past highs in the first half of 2021, Marko Kolanovic wrote in a Tuesday note, compared to a previously forecast resurgence arriving in […]

Gold will rally 80% over the next 18 months as central bank stimulus and economic turmoil drives record interest, Bank of America forecast in a Monday note. Monetary authorities are spending trillions of dollars to keep economies above water. The widespread spending will place incredible pressure on currencies, the bank’s […]

G-7 central banks bought nearly $US1.4 trillion of financial assets in March, Bloomberg reported Tuesday, roughly five times the last monthly record notched in April 2009. The Federal Reserve led the group with $US1.1 trillion in purchases. Central banks of Canada, New Zealand, and Australia started their first quantitative easing […]

The Chicago Fed’s National Activity Index slid to -4.19 across all four segments in March, suggesting the US entered a recession soon after lockdown measures took effect. Of the 85 metrics used in the index, 65 read negative over the period, while 18 jumped and two were neutral. The index’s […]

Less than two weeks after launch, all of the $US349 billion allocated to small businesses in the CARES Act has been committed, meaning banks no longer have the backing of the US Treasury to provide forgiveable loans to small businesses to cover payroll costs. Until Congress approves another relief bill, […]

The nation’s largest lenders should learn from the 2008 recession and raise TARP-levels of cash to endure the coronavirus recession, Minneapolis Federal Reserve President Neel Kashkari wrote in a Financial Times op-ed Thursday. Shoring up $US200 billion through equity sales will form a healthy buffer should businesses default on loans […]

Bharat Ramamurti is the sole member so far of a five-person commission charged with policing the $US2.2 coronavirus relief package, Bloomberg reported. He has no office nor any support staff yet. Congressional leaders still haven’t appointed other members of the commission. Visit Business Insider’s homepage for more stories. Hundreds of […]

There’s “no reason [the economy] can’t come back in a ‘V’ shape,” St. Louis Federal Reserve President James Bullard said on Tuesday, according to Bloomberg. The historically dovish chief stressed the importance of nationwide coronavirus testing, noting that such tests can drive the consumer confidence needed for a sharp rebound. […]

US stocks climbed on Thursday, continuing gains from Wednesday, as t he Federal Reserve announced an additional $US2.3 trillion in aid to businesses and governments. The S&P 500’s four-day gain of 12% over the shortened week marked its best weekly performance since 1974. Data released on Thursday morning showed that […]

The Federal Reserve unleashed its latest policy arsenal on Thursday, offering up to $US2.3 trillion in economic aid to businesses and state and local governments. The central bank extended $US600 billion in loans through its Main Street Lending Program to small and medium-sized businesses pummelled by the coronavirus outbreak. Up […]

US stocks climbed on Thursday, continuing gains from Wednesday, as t he Federal Reserve announced an additional $US2.3 trillion in aid to businesses and governments. Data released Thursday morning showed we ekly unemployment claims soared for a third week in a row, hitting 6.6 million for the period ended April […]

The Federal Reserve’s directors envisioned two economic scenarios of differing intensity as the coronavirus began driving business shutdowns and layoffs, Federal Open Market Committee meeting minutes released Wednesday showed. A short-lived outbreak would bring an economic recovery in the second half of the year, the board said in the emergency […]

The Federal Reserve will “temporarily and narrowly” ease its balance sheet restriction against Wells Fargo to allow the bank to provide additional emergency lending to small businesses, according to a Wednesday statement. The change only bolsters the bank’s ability to lend through the Paycheck Protection Program and the Fed’s upcoming […]

The Federal Reserve announced Monday it will begin buying debt backed by the Small Business Administration’s Payroll Protection Program. The facility will create a new market for the SBA loans and allow lenders to shore up cash for additional aid. PPP loans are meant to cover roughly two months’ worth […]

Monetary authorities around the world sold more than $US100 billion in US Treasuries in the three weeks ended March 25, Bloomberg first reported Wednesday. The offloading arrived as liquidity in the Treasury market slipped to historic lows and demand for the dollar skyrocketed on heightened fears of a coronavirus-fuelled recession. […]

The quick, V-shaped economic recovery could be on the horizon judging by central bank moves and early data from China, JPMorgan said Wednesday. The Federal Reserve’s purchases of Treasuries, mortgage-backed securities, and municipal bonds have already helped the asset classes retrace half of their losses. A sharp rebound in China’s […]

Warren sent a letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell on Tuesday, pressing them to ensure stimulus money for corporations is responsibly used. “I will be watching carefully as you hand out these funds,” Warren wrote. A battle is brewing among top Democrats and the […]

Weeks of widespread selling and credit stress leave some assets primed for outsized gains, UBS said Monday. Stock sell-offs saw equities across all S&P quality rankings tumble about the same amount, creating “an enormous opportunity to own high-quality names” when the virus threat subsides, Solita Marcelli, deputy chief investment officer […]

The Federal Reserve announced Tuesday the opening of a new repurchase agreement, or repo, facility aimed at supplying foreign central banks with US dollars. The pool will allow monetary authorities abroad to swap US government bonds for dollars. Global demand for the US currency has soared as the coronavirus drives […]

Investors searching for a near-term play should take a page from the Federal Reserve’s playbook and look to corporate debt, Bank of America said. Investment-grade debt already enjoyed a bump from the Fed’s announcement of new corporate credit facilities, and the sector will rally further as the central bank begins […]

BlackRock will waive asset management fees on ETFs purchased on behalf of the Federal Reserve Bank of New York according to documents published Friday. The world’s largest asset manager has been engaged by the Fed on three separate programs designed to bolster the US economy amid the coronavirus pandemic. BlackRock […]

The Federal Reserve’s balance sheet surpassed $US5 trillion for the first time as the coronavirus threat drove major liquidity operations. The central bank added $US586 billion worth of assets in the week ended March 25, according to a Thursday release, bringing its total holdings to $US5.3 trillion. Treasury and mortgage-backed […]

Federal Reserve Chairman Jerome Powell gave a rare exclusive interview with the “TODAY” show Thursday. He discussed the unprecedented impact of the coronavirus pandemic on the US economy. “We may well be in a recession,” Powell said. “But I would point to the difference between this and a normal recession,” […]

The Senate passed the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, on Wednesday, sending it to the House of Representatives and setting up President Donald Trump to usher in roughly $US2 trillion in economic stimulus with the coronavirus threatening near-term recession. The stimulus measure passed 96 to […]

The Federal Reserve tapped BlackRockTuesday afternoon to cooperate with billions in bond purchases for the central bank’s coronavirus relief efforts, The Wall Street Journal reported. The world’s largest money manager will buy agency commercial mortgage-backed securities approved by the Fed and on behalf of the central bank’s New York branch. […]

The White House spoke with Wall Street giants including Stephen Schwarzman and Paul Tudor Jones on Tuesday about how they view the coronavirus-battered economy and struggling financial markets, CNBC reported. President Trump and Vice President Pence avoided talking about potential relief measures and instead asked the investors how they see […]

The world’s biggest credit ETF took in $US1.06 billion on Monday as traders rotated back into corporate bond bets,Bloomberg reported. The iShares iBoxx $ Investment Grade Corporate Bond ETF ended the day up 7.4% after the Federal Reserve announced it will begin buying corporate bonds and credit ETFs amid the […]

Stocks, oil, and bitcoin rallied on Tuesday as investors cheered the Federal Reserve’s sweeping stimulus measures. The central bank pledged to buy Treasuries and other assets “in the amount needed,” and roll out credit facilities for consumers, businesses, and towns and cities. “The risk is that these policy measures are […]

Major US stock indexes slid on Monday, even after the Federal Reserve announced plans to further support economic activity amid the growing coronavirus threat. The central bank’s new programs include unlimited bond purchases and facilities to keep consumers and small businesses afloat as the coronavirus pandemic drastically slows spending activity. […]

Goldman Sachs lowered its annual S&P 500 earnings-per-share guidance to $US110 on Friday, forecasting a major slip for stocks’ biggest price driver. The note implies profits will contract 33% from their 2019 levels as the coronavirus’ economic threat intensifies. The stock market’s EPS recovery can look V- or U-shaped depending […]

Major US stock indexes slid on Monday, even after the Federal Reserve announced plans to further support economic activity amid the growing coronavirus threat. The central bank’s new programs include unlimited bond purchases and facilities to keep consumers and small businesses afloat as the coronavirus drastically slows spending activity. Traders […]

Unemployment in the US could rocket to 30% next quarter as coronavirus rages, and gross domestic product could plunge 50%, a senior Fed official told Bloomberg on Sunday. “It is a huge shock and we are trying to cope with it and keep it under control,” said James Bullard, president […]

US stocks fell on Friday, failing to extend gains from the prior session. Both the S&P 500 and Dow Jones industrial average suffered their biggest weekly declines since 2008. Investor confidence continued to waver, even amid efforts from governments and central banks to prop up major economies, shield jobs, and […]

Central banks and governments around the world are turning to a slew of economic relief tools to curb the coronavirus’s fallout. Several trillion dollars worth of stimulus are set to pad G-20 economies in the coming weeks as the outbreak stifles consumer activity and threatens a deep global recession. Here […]

US stocks climbed on Friday, extending gains from the prior session. Investor confidence has been boosted by efforts from governments and central banks to prop up major economies, shield jobs, and provide liquidity to markets amid the coronavirus pandemic. Oil continued to gain after its record-breaking rebound Thursday. Read more […]

Warren Buffett can’t say what negative interest rates would do to US financial markets. “I would say that’s the most important question in the world,” the billionaire investor told Yahoo Finance last week. “And I don’t know the answer.” “It’s really crazy,” the Berkshire Hathaway CEO said about Treasury yields […]

Stocks dropped and the US dollar soared on Thursday as coronavirus fears overpowered stimulus efforts. The European Central Bank unveiled a bond-buying program worth 750 billion euros, or $US814 billion, on Wednesday. President Donald Trump signed a coronavirus relief bill into law, expanding unemployment insurance and granting sick leave to […]

The European Central Bank (ECB) has unveiled a new €750 billion ($US820 billion) response to the coronavirus in a bid to calm financial markets. The so-called Pandemic Emergency Purchase Programme (PEPP) comes less than a week after the central bank announced policies which did little to provide comfort to traders. […]

Former US Federal Reserve chairs Janet Yellen and Ben Bernanke have called for the Fed to widen its arsenal of responses to the coronavirus pandemic. The two former central bankers indicated that the US economy could suffer long term consequences and recession if steps are not taken to improve conditions. […]

US stock futures fell by the maximum allowed and oil slumped to a 17-year low on Wednesday as government measures failed to dispel coronavirus fears. The sell-off comes after Treasury Secretary Steven Mnuchin warned US unemployment could surge to 20% if the Federal Reserve and Congress don’t take sufficient action. […]

The Federal Reserve will use emergency powers to establish a Commercial Paper Funding Facility for the first time since the financial crisis. The program, made in partnership with the Treasury, will let the central bank buy up commercial paper, a short-term debt instrument used by firms to pay regular business […]

Mailing out $US1,000 to every American adult might fail to forestall a US recession, Andrew Levin, a former special advisor to the Federal Reserve, told CNBC this week. “A lot of cities are shutting down, and people staying home, not going out to restaurants, not going out shopping, not buying […]

US stocks staged a modest rebound on Tuesday after the Dow Jones Industrial Average plunged the most since 1987 the prior day. That marked its second-worst single-day decline in history. All three major US indices climbed more than 2% as investors inched back to risk assets amid strong volatility. The […]

Stocks, oil, Treasury yields, and bitcoin jumped on Tuesday before reversing direction as coronavirus fears outweighed more aggressive government actions to fight the pandemic. EU officials moved to ban all non-essential travel into the bloc for at least 30 days, while French President Emmanuel Macron declared “we are at war” […]

The Federal Reserve made a second emergency move to lower borrowing costs on Sunday. But financial markets fell sharply following the aggressive cut, which was accompanied by the launch of quantitative easing. Here’s what Wall Street is saying about the moves. Visit Business Insider’s homepage for more stories. The Federal […]

Stocks, oil, Treasury yields, and bitcoin dropped on Monday as investors worried about coronavirus choking growth despite the Federal Reserve’s surprise interest-rate cut on Sunday. The US central bank cut rates by a full percentage point to between 0% and 0.25%, marking its second cut in less than two weeks. […]

Global stocks plunged on Monday morning, despite a decision from the Federal Reserve to cut rates by 100 basis points on Sunday night. Markets seem to be ignoring the global coordinated response from central banks as sell-off deepens. On Sunday night, the Fed slashed its benchmark interest rate by 100 […]

US stock futures plummeted roughly 5% on Sunday evening, triggering a so-called limit down trading curb. The decline came hours after the Federal Reserve cut its benchmark interest rate to near zero. The market’s immediate reaction suggests investors aren’t convinced the Fed’s stimulus efforts will be enough to offset the […]

The Federal Reserve on Sunday slashed its main interest rates to near zero in an emergency move. It’s part of a broader government effort to ease the economic effects of the coronavirus pandemic. The central bank also announced several other actions, including letting banks borrow from the discount window for […]

US stocks climbed Friday in a bounce back from the worst single-day drop since 1987. All three major indexes extended gains in late trading as President Donald Trump’s address appeared to at least temporarily calm investor nerves over coronavirus. Equities rallied earlier in the day on hopes of fresh economic […]

US stocks surged on Friday in a sharp bounce back from the worst single-day drop since 1987. All three major indices gained on hopes of fresh economic stimulus from the White House. Stimulus was also enacted globally. Central banks in Norway, Japan, and Australia cut interest rates, bought government bonds, […]

Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders attacked the Federal Reserve’s $US1.5 trillion injection into money markets on Thursday. “FYI, the amount that the Fed just injected almost covers all student loan debt in the US,” Ocasio-Cortez tweeted. “We need to care for working people as much as we care […]

The Federal Reserve Bank of New York announced trillions of dollars worth of new capital injections to calm Treasury bill liquidity issues and boost economic activity in the wake of coronavirus risks. The central bank added $US500 billion to money markets on Thursday afternoon through a three-month repo operation, according […]

The European Central Bank kept its interest rates on hold but launched a fresh stimulus package in response to coronavirus. The central bank launched an additional 120 billion euros of bond buying until the end of this year. Investors will be watching ECB president Christine Lagarde’s press conference at 13:30 […]

“I think that when we look back at this episode, we will conclude that March 2020 was already a recession month,” economist and former Federal Reserve Vice Chairman Alan Blinder told CNBC in a Wednesday interview. He also said that a fear of shopping amid the coronavirus outbreak is what […]

The Federal Reserve’s emergency rate cut in February signalled a readiness to act against coronavirus fallout, and the central bank has plenty of tools left to boost the economy,Bank of America said Wednesday. While the authority’s “non-conventional easing playbook is thinner” compared to the post-financial crisis era, the Fed isn’t […]

President Donald Trump lashed out at the Federal Reserve on Tuesday and demanded the independent central bank lower rates. The call came as the coronavirus raised alarm about the US economy. Even before the outbreak, Trump repeatedly called for more aggressive measures including quantitative easing and negative interest rates. Visit […]

Wall Street is increasingly expecting the Federal Reserve to slash borrowing costs to zero amid the coronavirus outbreak. Interest rates futures traders are pricing in a roughly 51% probability that interest rates will hit the zero lower bound by April. The sharp rise in rate cut expectations came as COVID-19 […]

US consumer confidence is the top indicator Lisa Shalett, chief investment officer for wealth management at Morgan Stanley, is watching right now as fear of the coronavirus outbreak roils global markets. If consumers aren’t willing to spend, “then the earnings of a huge swath of S&P 500 companies are going […]

Governments, central banks, and organisations around the world are utilising a range of policy tools to pad economies hit by the coronavirus. The G-7 announced Tuesday it would monitor the outbreak and act appropriately to keep economies from contracting, but its statement didn’t name specific actions to be used. The […]

European stocks and US futures fell on Thursday as coronavirus fears outweighed stimulus efforts. US lawmakers approved $US8 billion, Chinese finance ministers allocated $US16 billion, and the International Monetary Fund earmarked $US50 billion to combat the epidemic. Rate cuts and government cash may not prevent coronavirus from disrupting businesses and […]

The coronavirus is a once-in-a-lifetime epidemic that will squash those who don’t defend for a worst-case scenario, Bridgewater co-founder Ray Dalio wrote in a Tuesday LinkedIn post. The billionaire investor pointed to insurance companies offering insurance against the outbreak and investors selling deep out-of-the-money options as those set to face […]

The Federal Reserve lowered interest rates by 50 basis points on Tuesday in an emergency cut to combat the risk of coronavirus on the US economy. It was the first emergency rate cut since the financial crisis in 2008. Here’s a timeline of the last seven times the Federal Reserve […]

Stocks jumped on Wednesday after former Vice-President Joe Biden won big on Super Tuesday. Investors also bet that the Federal Reserve’s surprise rate cut on Tuesday would herald further stimulus in response to the coronavirus threat. However, analysts warned the selloff after the rate cut underlined the Fed’s limited powers. […]

Central banks are rushing to defend economies from coronavirus fallout, but a new study from the Brookings Institution lays out several dire projections for the outbreak’s hit to US economic growth. Researchers detailed three pandemic scenarios with varying degrees of severity, and even the softest estimate sees GDP growth tumbling […]

On Tuesday, the 10-year US Treasury yield fell to a new low of 0.936% as investors continued to snap up safe-haven assets amid coronavirus fears. It’s the first time that the benchmark yield has fallen below 1%. The Federal Reserve on Tuesday slashed rates by a half-percentage point in an […]

Robinhood experienced its second straight daily outage during Tuesday’s hectic trading session, prompting fresh backlash from clients online. Markets slipped as the day progressed as investors mulled the Federal Reserve’s first emergency rate cut since the 2008 financial crisis. The discount brokerage experienced a “system-wide outage” during most of Monday’s […]

The Federal Reserve made a surprise cut to interest rates of 50 basis points on Tuesday in response to the growing coronavirus threat. Experts welcomed the decision and predicted other central banks could follow suit. However, they warned the Fed could be left short of options if coronavirus continues to […]

Trump demanded even lower interest rates from the Federal Reserve less than an hour after its unexpected move. He called on the Fed to “LEAD” with “more easing and cutting” in a tweet. The Fed slashed the rate in a unanimous vote, and it now stands between 1% and 1.25%. […]

Stocks continued rising from their late February lows on Tuesday after the Federal Reserve ordered an emergency rate cut to stem mounting coronavirus risks. The 50-basis-point adjustment is the first cut to arrive between Federal Open Market Committee meetings since the 2008 financial crisis. All major US indexes surged higher […]

The Federal Reserve unexpectedly cut interest rates by 50 basis points on Tuesday in an effort to combat a coronavirus-driven economic slowdown. Stocks immediately erased losses and traded higher on Tuesday. Read more on Business Insider. The Federal Reserve on Tuesday cut interest rates by 50 basis points in order […]

Stocks rose on Tuesday as investors cheered the prospect of monetary and fiscal stimulus in response to coronavirus. Australia’s central bank cut its key interest rate by 0.25 percentage points to a record low of 0.5%. G7 central bankers and finance chiefs are set to discuss their policy responses to […]

President Trump pressured Fed Chair Jerome Powell to slash US interest rates after Australia’s central bank cut its rate to a record low of 0.5% on Tuesday. “Should ease and cut rate big,” Trump tweeted, adding that Powell has “called it wrong from day one.” Trump’s criticism came hours before […]

The ongoing coronavirus outbreak could result in a dangerous and unique type of global economic recession. The outbreak has already crippled spending activity in China and prompted widespread factory shutdowns, harming both supply and demand in the economic superpower – and infecting economic operations worldwide. Central banks are normally well-positioned […]

President Donald Trump lashed out at the Federal Reserve early Monday as concerns about the economic impact of the coronavirus mounted. He argued that the central bank has put the US at a disadvantage amid the outbreak. x Visit the Business Insider homepage for more stories. President Donald Trump lashed […]

Key measures of US manufacturing activity in the US fell in February as a novel coronavirus spread outside of China to more than four dozen countries. The outbreak has disrupted global supply chains and raised broader concerns about global growth. “Coronavirus-related supply chain issues threaten to constrain production in coming […]

The 10-year Treasury yield slumped to a new record low on Monday as investors continued flooding safe havens and fleeing the coronavirus-shaken stock market. The bond’s yield slipped to 1.036% overnight before a slight bounce higher Monday morning. The 30-year bond’s yield also posted a record low after tumbling to […]

Stocks recovered on Monday after central bankers promised to protect their economies against the coronavirus outbreak. US, Japanese, and British authorities said they would intervene as needed to provide liquidity and stabilise markets. Italian officials plan to spend 3.6 billion euros ($US4 billion) to combat the virus’ economic impact. The […]

Federal Reserve Chairman Jay Powell sought to reassure businesses and investors Friday afternoon. As concerns about the coronavirus continued to escalate, Powell said the fundamentals of the US economy remained strong. But he signalled that the central bank would step in if necessary. Visit the Business Insider homepage for more […]

St. Louis Federal Reserve President James Bullard said Friday that interest rates would be cut only if the coronavirus worsened. The comments were the latest sign the central bank would maintain a wait-and-see approach to the outbreak. But Wall Street expectations for rate cuts have risen dramatically in recent days. […]

The coronavirus is sparking concerns of a major economic downturn. The question then becomes what the Federal Reserve should do in response to the situation. Many economists argue that the Fed shouldn’t cut interest rates, because the nature of the coronavirus shock means that such a cut would do nothing […]

Ex-Federal Reserve Chair Janet Yellen warned coronavirus could cause the US economy to shrink, according to Bloomberg. “It’s just conceivable that it could throw the United States into a recession,” the former central-bank boss said. The Fed will shore up consumer spending, the US economy, and financial markets if needed, […]

As concerns about a fast-spreading viral outbreak escalate, Wall Street is increasingly betting the Federal Reserve will step in to shield the US economy. The market-based probability that the central bank would slash interest rates three times this year was roughly 80% on Wednesday morning. Investors expect a cut as […]

Federal Reserve officials signalled this week that it was too early to tell whether the central bank would need to step in to address potential coronavirus effects. That came even as expectations for more interest-rate cuts jumped on Wall Street. Concerns about the respiratory illness rose Tuesday after the Centres […]

The US has contained the coronavirus within its borders and avoided “economic tragedy,” White House economic adviser Larry Kudlow told CNBC on Tuesday. Alex Azar, the administration’s secretary of Health and Human Services, struck a more serious tone, telling Congress “we cannot hermetically seal off the United States to a […]

Traders are boosting their bets on central banks cutting rates as coronavirus deaths spike, but such policy won’t do much for stock markets, Seema Shah, chief investment strategist at Principal Global Investors, said Monday. Rate cuts primarily strengthen borrowing and, in turn, demand. Such policy won’t insulate markets “against supply-side […]

The Federal Reserve deems its current policy stance and interest rate “appropriate” amid the growing coronavirus threat, minutes from January’s Federal Open Market Committee meeting revealed Wednesday. The meeting took place days after coronavirus fears fuelled a sharp downtrend in US stocks. Participants cited the outbreak as “a new risk […]

Key Senate Republicans expressed an array of concerns about President Donald Trump’s latest Federal Reserve nominee Judy Shelton. They probed her support of the gold standard, currency devaluation and resistance to an independent central bank. Shelton was an informal adviser to the Trump campaign in 2016 and the former US […]

Fed Chair Jerome Powell said at a Senate hearing on Wednesday that Americans are “getting nothing” in return for what the US spends on healthcare. “The outcomes are perfectly average for a first-world nation, but we spend 6 to 7% of GDP more than other countries. So it’s about the […]

Cryptocurrencies are “like a giant garbage dumpster” and lack the basic characteristics of any stable currency, Minneapolis Federal Reserve President Neel Kashkari said at an event on Tuesday. The Fed official praised the Securities and Exchange Commission for “cracking down on” the coin-offering frauds, noting “people have been fleeced for […]

A deadly viral outbreak in China is poised to affect the US economy, but it’s too soon to estimate to what extent, Fed Chair Powell warned Tuesday. Powell emphasised that the US economy was in a solid place but that the coronavirus presented new risks. A growing number of major […]

Household debt jumped in 2019, posting the fastest annual growth since 2007. Mortgages powered the jump, though credit standards and delinquencies showed signs of restraint. Student loans are more likely than other forms of debt to be delinquent, but they are not the most popular form of first-time debt for […]

President Donald Trump suggested without evidence that comments by Federal Reserve Chairman Jay Powell drove stocks lower on Tuesday. The Dow Jones industrial average briefly dipped into negative territory mid-morning as a drop in Boeing shares pressured the index. Bond yields held mostly steady throughout the central bank testimony, suggesting […]

A jump in US inflation is among the biggest risks to financial markets, and the country shows “absolutely no preparedness” for such an event, Ken Griffin, founder of $US32 billion hedge fund Citadel, said Thursday. The billionaire noted “even our most well-informed policymakers” can miss key warning signs for a […]

President Donald Trump last week officially nominated former White House economic adviser Judy Shelton for a powerful position at the Federal Reserve. That put her on track to shape policy alongside central bankers whose mainstream views she has long objected to. The nominee for the Fed Board of Governors has […]

Consumer spending is closely watched because it drives about two-thirds of gross domestic product. But there are signs that households are starting to pull back on spending. Personal consumption expenditures rose 4% on an annual basis last year, the smallest increase since 2016. Visit Business Insider’s homepage for more stories. […]

The Federal Reserve left borrowing costs at historically low levels on Wednesday. Policymakers signalled there was no immediate need for further action following a round of stimulus measures in the second half of 2019. The central bank predicted a target range of 1.5% to 1.75% would keep the record expansion […]

President Trump slammed the Fed for raising interest rates in 2017 and 2018. He accused the Fed of hindering the economy and stock market in a CNBC interview. The economy would be growing faster and the stock market could be more than a third higher if the central bank hadn’t […]

Economists are lowering their fourth-quarter GDP expectations as holiday sales arrive lower than anticipated and utility use slows. Bank of America slashed its fourth-quarter growth estimate to 2% from 2.2%, while JPMorgan Chase dropped its expectation to 1.5% from 2%. The Federal Reserve Bank of Atlanta similarly pulled its projection […]

Former Federal Reserve chair Janet Yellen says the US can “afford” to increase its spending or cut taxes because it’s cheap to borrow with low interest rates. The additional room could give policymakers more leeway to spend more in infrastructure, education, combatting climate change and other programs to spur long-term […]