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By getting the central bank policy call right and simply overweighting index products, investors profited substantially from both stock and bond investments. Meanwhile, economists struggled to predict even basic economic variables such as growth and inflation.
Home Prices Soar At Over 5 Times The Fed's Inflation Target In All US CitiesFeb 23, 2021 - 07:21:03 PST
The Fed's most frequent lament is that no matter how many trillions in bonds (and stocks and ETFs) it buys or how much liquidity it forehoses into the market, it just can't push inflation higher.
What nation serves as the most powerful example of how statism can wreck an economy and impoverish people? The Soviet Union Greece Cuba China Zimbabwe Venezuela Those are all good choices, but perh…
Puerto Rico Moved Closer to Resolving the Largest Municipal-Debt Default in U.S. HistoryFeb 23, 2021 - 07:12:03 PST
Major holders of Puerto Rico’s General Obligation ("GO") and Public Buildings Authority ("PBA") bonds – including the Ad Hoc Group of Constitutional Debtholders, Ad Hoc Group of GO Bondholders, Lawful Constitutional Debt Coalition and QTCB Noteholder Group – today reached an agreement with Puerto Rico’s Financial Oversight and Management Board...
Feb 23, 2021 - 07:04:34 PST
The Senate Banking, Housing, and Urban Affairs Committee holds a hearing on the Semiannual Monetary Policy Report to the Congress. Jerome Powell, chairman of the U.S. Federal Reserve, will testify on the state of the U.S. economy and monetary policy. For more coverage from CNBC: https://www.cnbc.com/2021/02/23/powel...
WATCH LIVE: Fed Chair Jerome Powell Testifies Before Congress— 2/23/21 10:AM ETFeb 23, 2021 - 07:04:34 PST
Powell testifies that inflation is ‘soft’ in semiannual report to Congress. Powell testified on Tuesday that inflation and employment remain well below the Fed’s targets, meaning easy monetary policy is likely to stay in place.
Powell Says Inflation Is Still 'Soft' and the Fed Is Committed to Current Policy StanceFeb 23, 2021 - 07:02:02 PST
Inflation and employment remain well below the Federal Reserve’s goals, meaning easy monetary policy is likely to stay in place, central bank Chairman Jerome Powell said Tuesday.
The Federal Reserve increased the money supply at a record rate in 2020. And a move recently announced by the US Treasury Department will mean even more money flooding into the marketplace. In other words, another tidal wave of inflation.
Gold steadied after a two-day gain as investors awaited testimony from Federal Reserve Chair Jerome Powell and weighed the prospect of a U.S. stimulus package moving closer to approval. Powell’s semi-annual report at the Senate Banking Committee Tuesday and Wednesday at the House Financial Services panel will be monitored...
Climbing Bond Yields Globally Put Central Banks ‘in a Bind,’ Warns EconomistFeb 23, 2021 - 05:52:08 PST
The escalating rise in longer-term government bond yields around the world could threatening to undermine efforts by central banks to support the global recovery.
European Government Bond Yields Ignore Lagarde's Verbal Intervention; Focus on FedFeb 23, 2021 - 05:47:35 PST
ECB President Christine Lagarde said on Monday the centralbank was "closely monitoring" rising borrowing costs - a commentthat knocked Germany's 10-year Bund yield off its eight-monthhigh. Borrowing costs across the euro zone have risen sharply this month...
The U.S. Treasury is due to run down a $1.6 trillion bank account at the Federal Reserve as government spending ramps up in the months ahead - a move some analysts warn may crush short-term money rates further and flood financial markets with cash.
In a new note out of Goldman's Christian Mueller-Glissmann, the strategist looks at the impact of inflation on balanced portfolios, and writes that even as US inflation expectations have fully recovered and investors are moving from fading deflation risk to pricing an inflation overshoot (which in moderation is good since "higher inflation...
U.S. Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell appear wary of signs of froth in financial markets, even as they press ahead with economic stimulus measures that are elevating the euphoria...
UN Security Council to Discuss the 'Gravest Threat' to Global Peace and StabilityFeb 23, 2021 - 05:36:14 PST
Climate change represents a "grave threat" to global peace and security, the U.K. will say when it chairs a special session of the UN Security Council on Tuesday.
Commodities rose to their highest in almost eight years amid booming investor appetite for everything from oil to corn.Hedge funds have piled into what’s become the biggest bullish wager on the asset class in at least a decade...
Bitcoin resumed its slide on Tuesday, tumbling as low as $45,041 according to data from Coin Metrics.
Tesla’s Share Price Is Now Directly Tied to the Value of Bitcoin, Analyst SaysFeb 23, 2021 - 05:28:53 PST
Tesla's stock is now directly linked to the price of bitcoin after Elon Musk's firm invested $1.5 billion into the cryptocurrency, according to an analyst.
Global stocks, US equity futures and cryptocurrencies all tumbled on Tuesday as the recent surge in inflation, bond yields and commodity prices continued to hammer technology shares while investors awaited fresh reassurance from U.S. Federal Reserve Chair Jerome Powell on the path for monetary policy in United States.
Treasury Yields Rise Ahead of Fed Chair Powell's Testimony on the EconomyFeb 23, 2021 - 05:20:25 PST
U.S. Treasury yields rose on Tuesday morning, ahead of Federal Reserve Chairman Jerome Powell's first of two speeches in Congress on the economy.