‘Ways off’ Jerome Powell – the Fed chair, said in a prepared statement yesterday that they are still a ‘ways off’ from altering policy and he expects inflation to moderate as it is seen as a temporary situation. He said that the economy needs to improve more before the centralRead More →
Stocks select reverse gear U.S. and global stocks went into free fall on 11th June 2020 as the Dow recorded a 1800 point drop in one session, and as investors mull COVID-19 spikes, the Fed’s outlook and jobless claims data. The Fed promised it will keep interest rates low untilRead More →
Real or fake recovery? The Nasdaq hit a record all time high on 9th June 2020 as it continued its unrelenting upward march, as big bets push indices ever higher on the hope that economies around the world will re-open quickly. I’m not so sure – I am beginning toRead More →
Powell says virus poses lasting harm The U.S. economy faces unprecedented downside risks that could do lasting damage if policy makers don’t rise to the challenge, Federal Reserve Chair Jerome Powell is reported to have said. Fed Chairman Jerome Powell said more measures will likely be needed to pull theRead More →
The Federal Reserve announced on 30th October 2019 an interest rate reduction of 0.25% This will lower the Federal funds target rate to between 1.5% -1.75%. It was also reported earlier Wednesday that third quarter GDP growth rose at a better than expected 1.9% annual rate. The Fed signalled aRead More →
Another rate cut likely – and then what…? How likely is it that the Federal Reserve will cut interest rates for the third time in a row as US stock markets touch all time records? The general consensus among market analysts and pundits alike appear to suggest a cut isRead More →
The FOMC start their two day meeting today, Tuesday with a final interest rate decision to be announced on Wednesday. The outcome of this meeting frequently affects markets and this one will hold no exception as investors anticipate another reduction – but will it come? Trump wants a substantial rateRead More →