Tag: powell
Nasdaq hits record close after Powell reassures investors, CPI in focus
The Nasdaq scored a record closing high on Tuesday and the S&P 500 and the Dow also advanced as Federal Reserve Chair Jerome Powell reassured [Read more about this post…]
Fed’s Powell signals willingness to cut rates if job market weakens, risking higher inflation
For the first time in the current economic upswing, Fed Chair Jerome Powell used his opening statement at Wednesday’s press conference to declare that a [Read more about this post…]
Powell says economy’s strength allows Fed to be careful about rate cuts
Federal Reserve Chairman Jerome Powell on Sunday said that the strength of the economy allows the Fed to be “careful” in deciding when to cut [Read more about this post…]
After the Fed’s comments, grab these CD rates while you still can
Higher interest rates have made borrowers scream for the past three years, but they’ve been pretty good for savers. Retirees, and others who need income [Read more about this post…]
No rates cuts in 2024? Why investors should think about the ‘unthinkable’
One major Wall Street bank is weighing in on what it calls “an extreme scenario” in which no Group of 10 central bank cuts interest [Read more about this post…]
‘Damage has been done.’ Why economist Galbraith says the Fed should cut rates.
James Galbraith, the son of famed American economist John Kenneth Galbraith — who was a close adviser to U.S. President John Kennedy — has carved [Read more about this post…]
