powell

Federal Reserve: When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all

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WASHINGTON – Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, car buyers, would-be homeowners – pretty much everyone – began obsessing over a single question: When will the Fed start cutting rates? But now, with the U.S. economy showing surprising vigor, a different … Read more

fed rate cut outlook: Powell reiterates Fed doesn’t need to be in a hurry to cut interest rates

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New Work: Federal Reserve Chair Jerome Powell repeated that the US central bank isn’t in any rush to cut interest rates. “We don’t need to be in a hurry to cut,” Powell said Friday at an event at the San Francisco Fed. Fresh inflation data released earlier is “pretty much in line with our expectations,” … Read more

Fed’s pivot is forcing stock-market skeptics to become believers

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Morgan Stanley’s Mike Wilson, who’s been one of the biggest pessimists among sell-side strategists, said Monday that the central bank’s shift last week is “a bullish outcome” for stocks. Piper Sandler & Co.’s Michael Kantrowitz — who held the most glum S&P 500 Index outlook this year — issued a mea culpa and now says … Read more

fed: Gold gains sharply on anticipation of hefty Fed rate cut next year

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The week ending December 1 was marked by speeches of two important Federal Reserve officials – Waller, the Federal Reserve Governor and Powell, the Federal Reserve’s Chair. Financial markets construed the much awaited Powell’s speech Friday as decisively dovish as he did not seem to push hard against the markets’ expectations of hefty rate cuts … Read more