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[Yahoo/Bloomberg] Jerome Powell in Capitol Hill Spotlight After Fed Pauses [Yahoo Finance] Regional banks’ stocks are rallying. Profits aren’t. [Reuters] Blinken in China for rare trip amid frosty ties and dim hopes for progress [Yahoo/Bloomberg] An Unexpected Recovery Sweeps World’s Riskiest Sovereign Bonds [AP] Both sides suffer heavy casualties as Ukraine strikes back against Russia, […]
“Prudent” Amid FOMO, POMO, and MOMO This week, in the wild world of markets, fear of missing out (FOMO) has turned into full-on panic of missing out (POMO) as stock market momentum (MOMO) reaches a crescendo. With the Federal Reserve pausing on interest rate hikes this week, market participants are gearing up for the policy […]
[Yahoo/Bloomberg] Why the chances of a government shutdown this fall are already on the rise [Yahoo/Bloomberg] Goldman Says Markets Too Optimistic on Pace of US Inflation Drop [Yahoo/Bloomberg] Britain Faces Recession and Flood of Job Losses If Rates Hit 6% [Reuters] Putin says Russia positions nuclear bombs in Belarus as warning to West [Reuters] Russia […]
Remember early in the Fed’s tightening cycle, when Chair Powell would invoke the legacy of Paul Volcker? And there were press conferences where “financial conditions” were a focal point – referenced about a dozen times. Wednesday’s was good for a couple. In their quarterly Summary of Economic Projections (“dot plot”) update, committee members raised forecasts […]
[Yahoo/Bloomberg] Global Stocks Head for Best Week Since March: Markets Wrap [Reuters] Bank of Japan, European Central Bank rate decisions send yen to fresh 15-year low against euro [Yahoo/Bloomberg] Oil Holds Biggest Jump in Six Weeks on Signs of China Stimulus [Reuters] Fed’s Waller: Not clear bank failures had a material effect on credit tightening […]
The Fed chose to pause on rate hikes for this month with the intent of continued rate hikes in the months moving forward. Powell said that rate cuts are a couple of years out. Gold initially dropped but is up to $1954 Thursday morning. Silver is at $23.79. Thanks for listening.
[Yahoo/Bloomberg] Stocks Drop After Hawkish Fed and ECB: Markets Wrap [MarketWatch] Two-year Treasury yields at three-month highs after Fed points to more rate rises [Yahoo/Bloomberg] Yen Falls to 7-Month Low as Traders Shift Focus From Fed to BOJ [Yahoo/Bloomberg] Oil Recovers Losses After Fed Pauses But Signals Hikes to Come [CNBC] European Central Bank raises […]
[Yahoo/Bloomberg] Stocks Edge Higher in Countdown to Fed Decision: Markets Wrap [Yahoo/Bloomberg] Oil Climbs as China’s New Import Quotas Stem Demand Concerns [Reuters] Fed poised to punt rate hike into the summer wind [AP] Federal Reserve is likely to skip a rate hike at pivotal meeting Wednesday yet signal more to come [CNBC] Here’s everything […]
