Jerome Powell

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Dow Futures Crash 1,000 Points as Fed’s Bullard Cites -50% U.S. GDP

Stock market futures crashed limit down across the board on Sunday as the coronavirus crisis continued. Fueling the capitulation, Fed President James Bullard cited the possibility of a -50% GDP reading in Q2 alongside 30% unemployment. The Dow Jones will face a rocky open unless Congress can somehow pass a funding bazooka to keep the…


Dow Futures Crash 900 Points as Fed Capitulates To Trump

Dow Futures Crash 900 Points as Fed Capitulates To Trump

Dow futures dropped 1,041 points despite a surprise announcement from Federal Reserve Chair Jerome Powell. The Fed made another emergency rate cut on Sunday, this time all the way down to 0%. Donald Trump cheered this effort, but Dow bulls appear unconvinced. In an incredible move reminiscent of the financial crisis in 2008, the Federal…


Fed slashes interest rates to near zero

Fed slashes interest rates to near zero

Mar 16, 2020 – 8.11amWashington | The US Federal Reserve cut interest rates for the second time in less than two weeks on Sunday (Monday AEDT) in another emergency move to help shore up the US economy amid the rapidly escalating global coronavirus pandemic.In a statement, the central bank said it was cutting rates by…


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Fed holds, retains optimism on US economy

Jan 30, 2020 — 6.04amPolicymakers at the Federal Reserve voted to keep the key US interest rate unchanged. Markets were little changed as investors awaited comments from Fed chairman Jerome Powell.In a statement, the policy committee said: “Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although…


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Fed’s Bullard sees cryptocurrencies shifting US financial system – One America News Network

FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su/File Photo July 19, 2019 NEW YORK (Reuters) – Cryptocurrencies are changing the U.S. currency system in ways that may facilitate illegal activity and instability in prices, St. Louis Federal Reserve President James Bullard…


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How’s Your Stock Portfolio Doing? Depends on Where You Live.

Fascinating research from JPMorgan reveals that although the stock market is booming, the performance of your individual portfolio depends heavily on what state you live in. That’s because U.S. investors living in different regions tend to favor some S&P 500 sectors over others. Your Stock Portfolio Likely Has a Hidden Regional Bias According to JPMorgan’s…


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Dow Ekes Out Gains Without Rate Cut as Defiant Powell Defends His Job

Published: 19/06/2019 16:05 EST. Journalist: By CCN Markets: The Dow Jones Industrial Average was meandering in and out of positive territory as investors digested a fascinating Federal Reserve meeting. In the end, stocks managed to hold onto gains, with the Dow closing at 26,504, up fractionally. By keeping rates on hold, Chairman Jerome Powell faced…


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Dow Holds Tepid Gains as Fed Eyes First Rate Cut in 11 Years

Published: 17/06/2019 15:30 EST By CCN Markets: The Dow and broader U.S. stock market rose on Monday, as investors shifted focus to a high-profile central-bank meeting that could lay the groundwork for the first interest rate cut in more than a decade. Dow Holds Gains; S&P 500, Nasdaq Follow All of Wall Street’s major indexes…


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Federal Reserve holds interest rate again, reiterates patience on future path

Federal Reserve officials left their main interest rate unchanged and continued to pledge patience as they grappled with conflicting currents in the U.S. economy.Central bankers, who’ve been slammed by President Donald Trump for not doing more to support the economy, took note of livelier growth while acknowledging weak inflation.The committee repeated language from its previous…