Jerome Powell

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US stocks rise after Trump sticks to script on China

Yakob Peterseil and Vildana HajricMay 30, 2020 – 6.27amNew York | US stocks erased losses and closed mostly higher after President Donald Trump stopped short of implementing draconian economic restrictions against China even as he blasted the country for its actions on the pandemic and in Hong Kong.The S&P 500 ended May on an up…


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Gold Mining Stocks Soared Friday in Bleak Macro Hedge

Gold mining stocks were some of Friday’s biggest gainers. Dismal economic data drove share prices higher along with spot gold. Finance stocks continued to plummet during gold’s rally. Friday trading revealed an ominous macro hedge in global equity markets. Gold mining stocks were among the top gainers for the day. Meanwhile, the most considerable losses…


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America to borrow $US3 trillion as virus explodes Trump’s budget

May 5, 2020 – 5.57amWashington | Here comes Washington’s debt tsunami.US government says it plans to borrow a record $US2.999 trillion ($4.66 trillion) in the three months through June, topping that off with an additional $US677 billion in the subsequent quarter.Treasury Secretary Steven Mnuchin is tapping US and global debt markets like never before.The June…


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Jerome Powell eyes future ‘shrouded in uncertainty’

“It may well be the case that the economy will need more support from all of us if the recovery is to be a robust one,” Mr Powell said.While Mr Powell avoided making any specific predictions about how high the US jobless rate would go, he said economic data for the second quarter will be…


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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…