The Latest Breaking News from Jerome Powell

“My problem with the Fed, overall, is there’s too many academics in the mix,” Ken Langone said Wednesday.

Siegel says workers’ wage growth has been “way behind” historical norms and inflation is already fading, which means the Fed’s rate hikes are a mistake.

The recent hawkish comments from Fed chair Powell have increased expectations of more interest rate hikes this year. Economists believe that aggressive rate hikes will eventually lead to a recession. Amid an uncertain macroeconomic backdrop, it could be wise to avoid pricey stocks Take-Two Interactive Software (TTWO) and SVB Financial…

The average long-term U.S. mortgage rate rose for the fifth straight week to its highest level since breaching 7% in November, just as the spring buying season gets ready to kick off

While Carnival (CCL) has been able to stage a post-pandemic recovery, it is yet to return to profitability like many of its peers. With high inflation, rising interest rates, fears of recession, and unenviable unit economics let’s find out if the cruise line stock would struggle to keep itself afloat.…

Layoffs are soaring, but job openings are near record highs. Private-sector hiring quickened, but so did weekly jobless claims.

Jerome Powell is living rent-free in investors minds as Wall Street gets ready for the February jobs report, and looks forward to the March meeting of the Federal Reserve.

As Fed Chairman Jerome Powell cautions against higher-than-expected interest rates to curb inflation, markets fear this could tip the economy into a recession. Historically, value stocks have outperformed growth stocks in a high-interest-rate environment. Therefore, it could be wise for investors to buy fundamentally strong stocks ARC Document Solutions (ARC),…

With the Fed extremely likely to raise the benchmark interest rates higher than envisaged by policymakers, the economy and the stock market are expected to remain under pressure. Amid the uncertainty, it could be wise to invest in high-quality stocks Visa (V), Novo Nordisk A/S (NVO), and Autodesk (ADSK) for…

Stock slip as Powell puts payroll in focus; Biden budget targets rich, companies, for big tax hikes; Silvergate goes dark as FTX collapse echoes; Senate looks to revive 'NOPEC' bill and Oracle earnings on deck as ai race accelerates.

Asian stock markets are mixed after Wall Street steadied following a plunge on worries about more U.S. interest rate hikes