February 7, 2023   United States: Fed’s Kashkari Says Strong Jobs Data Show Need for More Hikes Federal Reserve Bank of Minneapolis President Neel Kashkari said January’s strong labor-market report shows the US central bank needs to keep raising interest rates. “Right now I’m still at around 5.4%,” Kashkari told CNBC in an interview Tuesday,

February 6, 2023   United States: Futures, Bonds Drop on Fed Outlook; Dollar Rises: Markets Wrap Wall Street equity futures, European stocks and bonds dropped as an unexpectedly strong US jobs report raised the prospect of more rate hikes from the Federal Reserve. Concern over US-China geopolitical tensions also weighed on sentiment. Contracts on the

February 3, 2023   United States: US Futures Drop; Yields Climb After Jobs Data: Markets Wrap US equity futures declined after the January jobs report pointed to a hot labor market, highlighting that the Federal Reserve has more room to keep raising rates. Futures on the S&P 500 and the Nasdaq 100 declined after data

February 2, 2023   United States: US Labor Market Seen Cooling, But Not Nearly Enough for Fed US hiring likely continued to moderate at the start of the year, though still-solid wage growth, an unemployment rate near historical lows and high vacancies are seen stiffening the Federal Reserve’s resolve to keep rates elevated for some

February 1, 2023 United States: Fed Expected to Slow Rate Hikes in Signal Work’s Not Over Federal Reserve officials look set to moderate interest-rate increases again, with Chair Jerome Powell keeping further hikes on the table while leaning against bets they will cut later this year. The policy-setting Federal Open Market Committee is widely expected

January 31, 2023 United States: Fed Points Toward a Pause in May Once Hikes Have Time to Sink In Federal Reserve officials are on track to consider pausing interest rate hikes following their March meeting if more evidence of cooling inflation rolls in. That’s based on a timeline sketched out by one of the Fed’s

January 30, 2023 United States: Fed’s Wall Street Clash Sets Stage for Powell’s Hawkish Message Jerome Powell and Wall Street are headed for another face-off this week as the Federal Reserve seeks to slow its inflation-fighting campaign without signaling a readiness to stop. Despite 2022’s slew of interest-rate hikes from Chair Powell and colleagues, financial

January 27, 2023 United States: Fed Sees Soft Landing as Silver Lining of Temp Jobs Decline The recent decline in temporary jobs — often a harbinger of recession — is actually raising hopes among Federal Reserve policymakers that their bid for a soft landing is working. The number of US temp workers fell for the