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Has the housing market 'suffered enough pain' yet for Powell to back off?
US companies are set to continue spinning off business units this year in a push to boost margins and increase shareholder value, according to strategists at Goldman Sachs Group Inc.
Credit Suisse Group AG is exiting distressed debt and special-situations trading, as part of its broader exit from risky and capital-intensive businesses.
A $2 trillion swathe of China’s local bond market is approaching a risky inflection point as issuers struggle to refinance maturing debt.
US mortgage rates surged last week by the most in four months, reaffirming a retrenchment in housing demand that’s struggling for momentum.
The nonpartisan budget office also said that if tax receipts fall short of projections, and Congress fails to act on the debt limit, the U.S. could run out of cash before July.
Locked out of debt markets and facing significantly higher borrowing costs, executives at troubled companies are looking for help in an almost dormant corner of Wall Street.
A year ago the European Central Bank struggled to explain why it was not lifting interest rates even as inflation rose. Yet, the ECB has already promised another large rate hike in March and policymakers are also hinting at a move in May, pushing up mortgage costs, thwarting corporate investment and raising governments' debt burden just as consumers feel their first price relief...
The explosive rise of short-dated options is creating event risk on the scale of the stock market’s early-2018 volatility implosion, according to JPMorgan Chase & Co.’s Marko Kolanovic.
While bond investors are betting that the Bank of Japan will tweak its much-debated yield-curve control policy, they still see new Governor Kazuo Ueda sticking with negative rates for now.
Last year, most US investors and central bankers underestimated how high inflation would climb. Now they may be underestimating how high interest rates will need to go to bring it back down.
US stock-index futures dropped, reversing earlier gains before a barrage of economic data including jobless claims, housing starts and permits, and the Philly Fed as well as no less than four fed speakers, fading a two-day rally when investors welcomed buoyant US retail data and dismissed the risk of a hawkish response from the Federal Reserve trying to keep inflation in check.
CPI came in hotter than expected in January and threw cold water on the "disinflation" narrative that was gaining steam in the mainstream. Less-reported were the revisions of past CPI data. These undercut that narrative even further.The CPI data for October, November and December were all revised higher.
Retail sales came in much stronger than expected in January after declining the previous two months. Mainstream financial media pundits immediately declared that this "jump in consumer spending" was a good sign for the economy. The Wall Street Journal called the robust sales report "evidence that US economic growth picked up at the start of the year."But there is a dark side to this retail sales report.
China has imported 64% more gold year over year, bringing its total 2022 gold imports to 13,343 tons...
Feb 15, 2023 - 12:57:03 PST
President Vladimir Putin encouraged the switch to gold by restricting sales of foreign currency and scrapping VAT on the yellow metal.
Feb 15, 2023 - 12:55:22 PST
As bond yields move higher in response to bumper payrolls (Feb 3), Fed remarks (last week) and sticky inflation (Feb 14), there’s a lot of golly-gee commentary circulating. Generally, the comments take the form of “Look, the US 2Y yield keeps rising” or “Wow, the 2s10s curve keeps inverting”, without specifying why a certain level of yields or curve spread matters for the economy,...
The U.S. dollar climbed higher in early European trade Wednesday after U.S. consumer inflation remained elevated in January, while sterling fell after a drop in the U.K. CPI rate.
Congressional Budget Office projections released on Wednesday suggested rising interest rates and bipartisan spending bills are adding to deficits, amid a partisan fight on fiscal policy.
Understanding Inflation: Doug Casey's Take on the Fed's Inflation Target and its Implications for Investments.