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Fed chief Jerome Powell says he earns $190,000 a year to be one of the world's key financial players - and he thinks that's a fair number

Tue, 02/14/2023 - 10:23

Tech Insider

Markets, MI Exclusive, Jerome Powell, Federal Reserve, Fed, Interest Rates, Inflation

Markets are kicking off a make-or-break stretch with inflation, jobs, and more Fed policy looming

Tue, 02/14/2023 - 06:10

Tech Insider

Good morning, readers. I'm Phil Rosen, reporting from New York City.

The Bureau of Labor Statistics publishes January's CPI data at 8:30 a.m. ET today.

Economists expect inflation to have cooled to 6.2% year-over-year, down from 6.5% the prior month.

Inflation continues to come off June's high of 9.1%, but it remains well above the Fed's 2% target. Policymakers have reiterated hawkishness on several occasions, yet markets are still acting like easing rates are a sure thing.

Markets, Newsletter, 10 things, 10 things opening bell, Fed, Interest Rates, Recession

It's time to become defensive with stocks and ditch them for bonds because a recession is coming, says JPMorgan's top strategist

Tue, 02/14/2023 - 05:45

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Marko Kolanovic Top 100 — Marko Kolanovic.
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Markets, MI Exclusive, JP Morgan, Marko Kolanovic, Stocks, Bonds, Stock Market

Larry Summers tells investors to brace for turbulence as Fed and inflation reality comes crashing in

Mon, 02/13/2023 - 11:04

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Markets, MI Exclusive, Fed, Larry Summers, Treasury Secretary Larry Summers, Larry Summers financial markets, Inflation

The stock market rally of 2023 is losing steam - the Nasdaq and S&P 500 just notched their worst weekly runs in nearly 2 months

Mon, 02/13/2023 - 10:11

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Traders NYSE — Stock traders.
(Photo by Scott Heins/Getty Images)

Markets, MI Exclusive, Stock Market Outlook, stock market outlook 2023, Fed, S&P 500, Dow Jones

US stocks trade higher a day ahead of a key inflation reading

Mon, 02/13/2023 - 09:33

Tech Insider

trader nyse — A trader works on the floor of the New York Stock Exchange January 6, 2014.
REUTERS/Brendan McDermid

Markets, MI Exclusive, stock market news, Stocks, CPI, Inflation, Federal Reserve

US home prices are heading for a further drop this year even though mortgages are getting cheaper, a housing market expert says

Sun, 02/12/2023 - 06:30

Tech Insider

Home prices could fall by a further 9% this year despite a pullback in mortgage rates, according to Jeff Taylor.
(Photo by Joe Raedle/Getty Images)

Markets, MI Exclusive, Housing, Housing Market, House Prices, US Homebuyers, us home sales

The US economy will be on the verge of recession for the next two years, JPMorgan Asset Management chief strategist says

Fri, 02/10/2023 - 13:04

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Traders work on the floor of the New York Stock Exchange (NYSE)
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Markets, MI Exclusive, US economic outlook, Recession, recession prediction, Fed, Inflation

The Fed should just 'chill' on interest rates because inflation is cooling 'at a pretty good speed', says market veteran Ed Yardeni

Fri, 02/10/2023 - 05:57

Tech Insider

Ed Yardeni, President and Chief Investment Strategist of Yardeni Research, in an interview on April 30, 2015 -- — Ed Yardeni, president and chief investment strategist of Yardeni Research, on April 30, 2015
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Markets, MI Exclusive, Ed Yardeni, Recession, Inflation, fed inflation, Fed

Oil and copper prices are weakening despite China's reopening. It's a sign a global recession is coming but liquidity issues may also be at play, economists warn.

Wed, 02/08/2023 - 11:28

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Markets, MI Exclusive, Jerome Powell, Federal Reserve, Fed, Interest Rates, Inflation

Markets, Newsletter, 10 things, 10 things opening bell, Fed, Interest Rates, Recession

Markets, MI Exclusive, JP Morgan, Marko Kolanovic, Stocks, Bonds, Stock Market

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Markets, MI Exclusive, Stock Market Outlook, stock market outlook 2023, Fed, S&P 500, Dow Jones

Markets, MI Exclusive, stock market news, Stocks, CPI, Inflation, Federal Reserve

Markets, MI Exclusive, Housing, Housing Market, House Prices, US Homebuyers, us home sales

Markets, MI Exclusive, US economic outlook, Recession, recession prediction, Fed, Inflation

Markets, MI Exclusive, Ed Yardeni, Recession, Inflation, fed inflation, Fed

Markets, MI Exclusive, Oil, Copper, Commodities, oil prices, Fed