The biggest Fed rate hike in 40 years? It could be coming next week.

Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key U.S. interest rate in more than 40 years. After another dismal U.S. inflation report, economists at the brokerage Nomura Securities on Tuesday became the … Read more

Forex pros weigh in on whether the British pound has hit the bottom

The British pound has slid against the U.S. dollar over the past year, hitting a 37-year low against the greenback last week — and it could weaken even further, according to analysts. Sterling hit $1.1403 on Wednesday — a level not seen since March 1985 — amid dollar strength and mounting concerns over the U.K’s … Read more

Democrats tout business investments from Intel, AT&T

Democratic U.S. Senate candidate Mark Kelly speaks at an election watch party in Tucson, Arizona, U.S. November 3, 2020. Cheney Orr | Reuters Democrats are showcasing new partnerships with corporate America in an effort to convince voters that they can deliver jobs and safeguard the economy ahead of the midterm elections. Many of the investments … Read more

Price bump expected over last year’s models

A customers holds the new green colour Apple iPhone 13 pro shortly after it went on sale inside the Apple Store on 5th Avenue in New York, March 18, 2022. Mike Segar | Reuters Apple will announce its latest hardware products, including new iPhone 14 models, at its launch event Wednesday, and analysts say customers … Read more

As Wall Street returns next week, trading may focus on rising rates

As investors return from the long Labor Day weekend, they are likely to find the focus will fall squarely on central bankers in the week ahead. That could mean more volatility for both stocks and bonds. There is a dearth of earnings news and economic reports. Instead, investors are likely to more closely follow the … Read more

The summer market comeback was a textbook bear market bounce, history shows

The recent stock rally has all the signs of a bear market bounce, according to an analysis from Citi Research. Stocks hit a recent low in mid-June when the S & P 500 fell into a bear market, meaning it was down more than 20% from its all-time high. Since, the index has rallied a … Read more

Testing June’s stock market low isn’t a foregone conclusion

Federal Reserve Chair Jerome Powell speaking at Jackson Hole on Friday sought to put a scare in markets, which had been trying to teleport to a moment some months from now when interest rates would peak without serious damage done to stocks or the economy. In placing investors and the public on notice that the … Read more

Powell warns of ‘some pain’ ahead as Fed fights to lower inflation

Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he expects the central bank to continue raising interest rates in a way that will cause “some pain” to the U.S. economy. In his much-anticipated annual policy speech at Jackson Hole, Wyoming, Powell affirmed that the Fed will “use our … Read more

Wharton’s Jeremy Siegel on Fed rate hike ahead of Jackson Hole

Wharton business school professor Jeremy Siegel said Friday that the U.S. Federal Reserve does not need to hike more than 100 basis points because an economic slowdown is in sight. “I think we only need 100 basis points more,” Siegel said on CNBC’s “Squawk Box Asia.” “The market thinks it’s going to be a little … Read more

‘we’ve done enough’ to curb inflation

Significance of Fed action Medalla said the direction of the central bank’s monetary policy is affected by moves from the U.S. Federal Reserve. “The Fed is the central bank of the world. And we as small open economies will always have to look at the effects of their actions, especially on our exchange rate,” he … Read more