Wall Street has been fixated on what Federal Reserve Chairman Jerome Powell might say Friday at the annual Jackson Hole, Wyo., economic symposium for clues about the central bank’s next steps on interest rates.
In terms of the cooling housing market, “The upside is that it’s not a repeat of the build up of the subprime lending bubble,” he said, referring to a teetering housing market in 2007 that sparked a wave of mortgage lender bankruptcies and the set the global financial crisis in motion. Importantly, the study preceded trillions worth of pandemic aid that has been sloshing through the economy, financial markets and housing since 2020. A reversal of the Fed’s easy-money stance contributed to a historic selloff in stocks and bonds in the year’s first half.
“The Fed is likely to continue to hike rates a bit higher than current market expectations,” said Brendan Murphy, head of global fixed income, North America at Insight Investment, in emailed comments.
wait, I thought we wanted prices to down? that's what the Fed is trying to do, lower prices lower inflation...right?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Fed's Powell speech on Friday likely matters less for stocks than a sputtering housing marketInflation, job losses and the cooling housing market are top factors that could drive a U.S. recession, according to Charles Schwab's Kevin Gordon. Idk man, if he doesn't double down on being a hawk, the green in stocks will be epic Abnb criminal probe crash 00000 Abnb criminal probe 0000
Source: MarketWatch - 🏆 3. / 97 Read more »
Kevin Durant, Nets Each Found Trade Market Less Appealing Than ExpectedKevin Durant, Nets Each Found Trade Market Less Appealing Than Expected - RealGM Wiretap What do expect their asking for to much lol like the the wolves and jazz trade lol Ah there's the reason why the news came out about everyone being together
Source: RealGM - 🏆 580. / 51 Read more »
Romney would want info on future outlook of any company he might buy. So why is he objecting to ESG? George Pyle asksGeorge Pyle: In its reply to state leaders, S&P noted that it was improper for an entity whose credit is being rated to tell the company how to do its job. That didn't stop Spencer Cox, Sean Reyes and Utah's entire congressional delegation from trying. Utah prides itself - a lot - on being the best managed state in the country. But, Repub leaders must be gun-shy about being evaluated environmentally and socially (think GSL/water conservation and being ranked last in country in gender equality). Understandable nervousness.
Source: sltrib - 🏆 316. / 61 Read more »