August 28, 2024 United States: Fed Embraces Gradualism, a Familiar Policy for Uncertain Times With a September interest-rate cut all but certain and attention turning to the pace of future reductions, Federal Reserve officials are coalescing around a gradual approach to the last mile of their inflation fight. A handful of policymakers at the Fed’s
August 27, 2024 United States: US Home-Price Gains Outpace Inflation With 5.4% Annual Increase Home-price gains in the U.S. slowed in June as buyers pulled back from the market while listings started to climb. A national measure of prices rose 5.4% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That compares with
August 26, 2024 United States: Gold Bulls Delight In Jackson Hole as Powell Juices Price Rally Gold’s record-setting rally above $2,500 an ounce looks to have further to run as the Federal Reserve prepares to chop rates, traditional drivers such as lower yields return, and Western investors pile back in. “Everybody thought the Fed was
August 23, 2024 United States: Jackson Hole History Points to Powell Sidestepping Market Shocks If Treasury and US stock markets are betting on one thing from Jerome Powell at the Jackson Hole symposium Friday, it’s this: He’ll play it safe. It’s a critical moment for the Federal Reserve chair as he tries to navigate through
August 22, 2024 United States: Fed’s Schmid Says He Wants to See More Data Before Rate Cut Federal Reserve Bank of Kansas City President Jeffrey Schmid said he wants to see more economic data before supporting any decision to begin reducing interest rates. Schmid, speaking with Michael McKee in a Bloomberg TV interview recorded Wednesday
August 21, 2024 United States: Traders Look to US Jobs Data to Support the Rally in Treasuries Investors who’ve positioned for more gains in US Treasuries will look to revised data on the US labor market for signs the Federal Reserve needs to start aggressively slashing interest rates. A Bloomberg gauge of Treasuries surged 1.7%
August 20, 2024 The euro area’s annual inflation rate was 2.6% in July 2024, up from 2.5% in June. A year ago, the rate was 5.3%. Annual inflation in the European Union rose to 2.8% in July 2024, from 2.6% in June. A year earlier, the rate was 6.1%. Finland had the lowest yearly rates
August 20, 2024 United States: Fed Confronts Up to a Million US Jobs Vanishing in Revision US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. Goldman Sachs Group Inc. and
August 19, 2024 United States: Traders Need Fed’s Rate-Cut Signal to Keep Stocks Rallying Wall Street is betting that Federal Reserve Chair Jerome Powell will confirm that interest-rate cuts are coming at the central bank’s annual confab in Jackson Hole, Wyoming. But as the debate shifts from “will they or won’t they?” to “how big
August 16, 2024 United States: Stocks Lose Steam as US Housing Data Disappoint: Markets Wrap Stocks lost traction at the end of a strong week after a disappointing reading on the housing market, with traders awaiting data on US consumer sentiment. Equities fell, with the S&P 500 snapping a six-day winning streak. New-home construction in
