While I believe that most traders were looking for interest rate cuts in the September meeting from the Federal Reserve, the question now is going to be“ How many rate cuts between now and the end of the year? ”If the Federal Reserve sounds panicky at all during its September meeting, it could cause a massive plunge with anything remotely close to a risk appetite…
Economic News
–The U.S. economy added a paltry 22,000 jobs in August, adding to concerns about the health of the economy while increasing the chances of interest rate cuts by the Federal Reserve. The data from the Labor Department followed a similarly dismal jobs report for July that showed an average of just 35,000 jobs added to the economy from May to July.
As summer winds down, the financial world remains focused primarily on the Federal Reserve. Markets responded to the Fed's message with a small cap-led rally and lower Treasury yields. The 10- year Treasury yield stands a good chance of staying in its current range, despite intensifying political pressure on the central bank.
Armed National Guard members are deployed in D.C. Then other states send in more National Guard. Now he is pressuring the Federal Reserve to cut interest rates, which will increase the value of those bonds.
All eyes are on the Federal Reserve and its chairman, Jerome Powell. The U.S. national debt now stands at more than $37 trillion. If we didn't owe so much money- borrowed by selling Treasury bills, notes and bonds- we could put that money to much better use, or allow people to pay less in taxes and keep the money for their own purposes.
–The U.S. economy added a paltry 22,000 jobs in August, adding to concerns about the health of the economy while increasing the chances of interest rate cuts by the Federal Reserve. The data from the Labor Department followed a similarly dismal jobs report for July that showed an average of just 35,000 jobs added to the economy from May to July.
–Treasury Secretary Scott Bessent said the Federal Reserve "must change course" on monetary policy in his most public comments on the central bank since the start of President Donald Trump's campaign to push the independent agency to lower key interest rates. "The Fed must change course. Its standard tool kit has become too complex to manage, with uncertain…
The optimal amount of fraud in a system is not zero. I've been thinking about that as the drama surrounding Federal Reserve governor Lisa Cook has unfolded. Before you get mad, let me explain that I'm not talking about the ideal amount of fraud, which is definitely zero.
WASHINGTON— The U.S. Justice Department opened a criminal investigation into whether Federal Reserve Governor Lisa Cook committed mortgage fraud— ratcheting up pressure in President Donald Trump's bid to oust her from the central bank. Trump said last month that he was removing Cook after Federal Housing Finance Agency Director Bill Pulte accused her of…
The economy has been cooling since its red-hot pandemic peak as the Federal Reserve worked to tame inflation, and has more recently been buffeted by a barrage of tariffs and other disruptive actions by the Trump administration. "Once you turn negative, you usually do so rapidly," said Diane Swonk, chief U.S. economist for the accounting firm KPMG.
In an effort to erode the independence of the Federal Reserve and push the nation's central bank to prioritize his own political interests, President Trump is seeking to install his White House economic advisor, Stephen Miran, to a vacant slot on the Federal Reserve's Board of Governors. Under questioning from U.S. Senator Jack Reed, during a confirmation…
U.S. job growth weakened sharply in August and the unemployment rate increased to nearly a four-year high of 4.3%, confirming that labor market conditions were softening and sealing the case for a Federal Reserve interest rate cut later this month. The Labor Department's closely watched employment report on Friday also showed the economy lost jobs in June…
U.S. President Donald Trump's short list of candidates to succeed Jerome Powell as chair of the Federal Reserve now includes his aide Kevin Hassett, former Fed Governor Kevin Warsh and current Fed Governor Christopher Waller. Trump told reporters at the White House that the three men were the finalists for appointments to the Fed, adding he would consider…
President Trump’ s nominee to serve on the Federal Reserve’ s Board of Governors said Thursday he has no plans to step down as a senior economic adviser to the president, and would instead take an unpaid leave of absence from his White House role while working at the Fed. Massachusetts Senator Elizabeth Warren spoke at the start of Miran’ s confirmation hearing.
–The U.S. economy added a paltry 22,000 jobs in August, adding to concerns about the health of the economy while increasing the chances of interest rate cuts by the Federal Reserve. The data from the Labor Department followed a similarly dismal jobs report for July that showed an average of just 35,000 jobs added to the economy from May to July.
Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, announced today that the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency have approved Seacoast’ s application with respect to Seacoast’ s previously announced acquisition of Villages Bancorporation, Inc., and…
U.S. stocks wobbled lower as Wall Street questioned whether the U.S. job market has slowed by just enough to get the Federal Reserve to cut interest rates to help the economy, or by so much that a downturn may be on the way. After rising to an early gain Friday, the S&P 500 erased it and fell 0.3% from the all-time high set the day before. The Dow Jones Industrial Average…
Treasury Secretary Scott Bessent said the Federal Reserve "must change course" on monetary policy in his most public comments on the central bank since the start of President Donald Trump's campaign to push the independent agency to lower key interest rates. "The Fed must change course. Its standard tool kit has become too complex to manage, with uncertain…
The dynamic is playing out Friday on Wall Street with U.S. stock indexes hitting record highs after a lackluster August jobs report. That was well below Wall Street and economists' expectations of 75,000 new jobs. But the dour jobs reports increased Wall Street hopes for interest rate cuts from the Federal Reserve.
