November 18, 2022   United States: Wall Street Economists Split on Whether Fed Cuts Rates in 2023 Wall Street’s biggest banks agree the Federal Reserve will hike US interest rates further into next year, but are at odds over how high it will take them and whether it will be cutting by the end of

November 17, 2022   United States: Fed’s Bullard Says More Hikes Needed to Get to Restrictive Level Federal Reserve Bank of St. Louis President James Bullard urged policymakers to raise interest rates further, saying the level will need to be higher to meet the central bank’s goal to be “sufficiently restrictive” to bring down inflation.

November 16, 2022   United States: US Mortgage Rates Drop Below 7% in Biggest Decline Since July US mortgage rates fell last week by the most since the end of July, slipping below 7% and helping generate a bounce in purchase applications that otherwise remain depressed. The contract rate on a 30-year fixed mortgage decreased

November 15, 2022   United States: Economists See US Inflation Running Even Hotter Through Next Year Economists see US inflation running hotter through next year than they did a month ago and recession odds continue to mount against a backdrop of rising borrowing costs. Projections for the personal consumption expenditures price index -- the Federal

November 14, 2022   United States: US Futures Wilt Against Fed Caution, Rising Yields: Markets Wrap US stock futures declined Monday and Treasury yields rose as a cautious tone from a Fed speaker tempered some of the ebullience that inflation may have peaked. Contracts on the tech-heavy Nasdaq 100, typically more sensitive to interest rates,

November 11, 2022   United States: BofA Says Tech Stocks Are at Risk Even as Inflation Shock Over A long-awaited cooling in US inflation should be good news for tech stocks. Bank of America Corp. strategists say otherwise. Although an “inflation shock” -- the main market narrative of 2022 -- is now over, a sharp

November 10, 2022   United States: US Inflation Slows More Than Forecast, Gives Fed Downshift Room A key gauge of US inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest-rate hikes. The core

November 9, 2022   United States: US Inflation to Cool Only Slightly, Keeping Big Fed Hike in Play US inflation probably moderated just slightly in October data due Thursday, and yet another above-forecast reading may dash expectations for the Federal Reserve to downshift from steep interest-rate hikes. Economists project the consumer price index and the

November 8, 2022   United States: US Futures Rise on Hopes for a Post-Midterms Rally: Markets Wrap US stock-index futures rose as investors bet the outcome of midterm elections will support a nascent rally. Treasuries advanced before Thursday’s inflation print that may offer clues on Federal Reserve policy. Contracts on the S&P 500 and Nasdaq

November 7, 2022   United States: Fed ‘Hasn’t Accomplished Anything’ on Labor Market, Dudley Says The Federal Reserve “hasn’t accomplished anything” in loosening the US labor market even after four consecutive 75-basis-point hikes, former New York Fed President Bill Dudley said. Friday’s jobs report showing a 261,000 gain in payrolls and a slight uptick in