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Interest Rates

Dow sinks more than 500 points after Fed delivers soft rate hike but Powell pushes back on expectations of cuts this year

Wed, 03/22/2023 - 16:14

Tech Insider : Economy

US stock market traders — Friday's inflation print shocked investors.
Xinhua News Agency/Getty Images

Markets, MI Exclusive, Stocks, S&P 500, Dow Jones Industrial Average, Nasdaq Composite, Federal Reserve

The Fed's latest move confirms it's trying to thread the needle between cooling inflation and helping banks in turmoil

Wed, 03/22/2023 - 14:01

Tech Insider : Economy, Politics

Federal Reserve Chair Jerome Powell Testifies Before The Senate Banking Committee — Federal Reserve Board Chair Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on "The Semiannual Monetary Policy Report to the Congress," in the Hart Senate Office Building on Capitol Hill on Tuesday, March 7, 2023 in Washington, DC.
Kent Nishimura / Los Angeles Times via Getty Images

economy, politics, Markets, Policy, Federal Reserve, Interest Rates, interest rate increase

People have moved $500 billion into money-market funds and major banks since SVB imploded. JPMorgan offers 3 reasons why the shift will continue.

Wed, 03/22/2023 - 13:46

SVB — Silicon Valley Bank
Getty Images

Markets, MI Exclusive, Deposits, FDIC, FDIC insurance, Regional Banks, bank crisis

The Fed 'can hit the pause button' on interest rates as it's done enough to fight inflation, JPMorgan Asset Management's fixed-income chief says

Wed, 03/22/2023 - 12:40

Tech Insider : Economy

Wall Street — Henny Ray Abrams/AP

Markets, MI Exclusive, Federal Reserve, Interest Rates, Monetary Policy, Yields, JPMorgan Asset Management

Bill Ackman warns the banking crisis may engulf the economy, and says Jamie Dimon is his pick for US president. Here are the investor's 10 best quotes from a new interview.

Wed, 03/22/2023 - 12:30

Ackman, Bill Ackman — Bill Ackman.
Brian Snyder/Reuters

Markets, MI Exclusive, Stocks, Bill Ackman, Pershing Square, Hedge Funds, Billionaires

Mark Mobius says he is 'very, very skeptical' of investing in bank stocks but keeps his cash in an account in Dubai

Wed, 03/22/2023 - 11:10

Mark Mobius — Mark Mobius.
Jonathan Wong/South China Morning Post via Getty Images

Markets, MI Exclusive, Mark Mobius, Middle East, Interest Rates, Global Banks

US stocks slip ahead of Fed's decision on interest rates following bank crisis

Wed, 03/22/2023 - 09:40

traders nyse — Traders work on the floor of the NYSE in New York.
Brendan McDermid/Reuters

Markets, MI Exclusive, Stocks, S&P 500, Dow Jones Industrial Average, Nasdaq Composite, Federal Reserve

Top economist David Rosenberg said the Fed should put bigger rate hikes back on the table after bouts of 'speculative lunacy'

Wed, 03/22/2023 - 07:54

David Rosenberg — The Federal Reserve should consider raising interest rates by 50 basis points at its upcoming meeting, top economist David Rosenberg said Tuesday.
Rosenberg Research & Associates

Markets, MI Exclusive, Stocks, David Rosenberg, Stock Market, Stock Market Analysis, Stock Market Outlook

Cathie Wood says the Fed's rate hikes hit Ark's strategy like an 'earthquake' as the fund logs a $2 billion loss

Wed, 03/22/2023 - 06:58

Cathie Wood — Cathie Wood.
Photo by Marco Bello/Getty Images

Markets, MI Exclusive, Cathie Wood, ARK, ARK Invest, Fed, Inflation

Nobel economist Paul Krugman sounds the recession alarm as banking fears mount - but shrugs off 'apocalyptic warnings' and fears of another financial crisis

Wed, 03/22/2023 - 06:54

Paul Krugman Joe Scarborough debate — Paul Krugman.
AP

Markets, MI Exclusive, Stocks, Paul Krugman, New York Times, Nobel prize in economics, Banking Crisis

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