Plain English Powell Praises U.S. Economy After Rate Hike
June 15, 2018

Federal Reserve Chairman Jerome Powell signaled growing optimism on the U.S. economy while trying to reassure investors that the central bank would not derail the country’s second-longest expansion by aggressively tightening monetary policy.

Fed officials on Wednesday raised interest rates Continue reading

Mnuchin Sees Solid Treasuries Demand After Record U.S. Borrowing
May 17, 2018
  • Treasury sees stage set for growth pickup over near term
  • CBO sees U.S. budget deficit rising to $1 trillion by 2020

U.S. Treasury Secretary Steven Mnuchin said he’s unconcerned about the bond market’s ability to absorb rising government debt after Continue reading

Fed Lifts Rates, Steepens Path Through 2020 for More Hikes
March 24, 2018
  • Split FOMC continues to see three rate increases in 2018
  • Policy makers boost economic growth forecasts for 2018, 2019

Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast Continue reading

Powell Says Strong Outlook to Prod Fed to Review Rate-Hike Path
March 21, 2018

Jerome Powell opened the door to the Federal Reserve raising U.S. interest rates four times this year as he acknowledged strengthening economic growth and inflation may prompt policy makers to rethink their plan for three hikes.

“My personal outlook for Continue reading

Bitcoin Surges Past $11,000 as Bubble Warnings Can’t Cool Market
December 12, 2017

Bitcoin surpassed $11,000 in a matter of hours after hitting the $10,000 milestone, taking this year’s price surge to almost 12-fold as buyers shrugged off increased warnings that the largest digital currency is an asset bubble.

The euphoria is bringing to Continue reading

Goldman Warns That Market Valuations Are at Their Highest Since 1900
December 2, 2017

A prolonged bull market across stocks, bonds and credit has left a measure of average valuation at the highest since 1900, a condition that at some point is going to translate into pain for investors, according to Goldman Sachs Group Continue reading

BOE Raises Interest Rate for First Time in More Than Decade
November 4, 2017

Bank of England policy makers raised interest rates for the first time in a decade, yet expressed concern for Britain’s Brexit-dented economy by indicating that another increase isn’t imminent.

Led by Governor Mark Carney, the Monetary Policy Committee voted 7-2 Continue reading