Bloomberg
Powell Says Fed Rate Cuts Are a 'Couple Years Out'
"(Inflation) has not, so far, reacted much to our existing rate hikes and so we're going to have to keep at it," Federal Reserve Chair Jerome Powell says at a news conference following the Federal Open Market Committees decision to pause...
Bloomberg
Powell Still Sees Risks of Inflation to the Upside
Federal Reserve Chair Jerome Powell says risks of inflation are still to the upside. He says the data still shows that there hasn't been a lot of progress over the last year. Powell speaks in Washington.
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Bloomberg
Fed Pauses Rate Hikes, Signals More Tightening Ahead
"Holding the target range steady at this meeting allows the committee to assess additional information and its implications for monetary policy," the Federal Open Market Committee said in a statement released in Washington. Mike McKee...
Bloomberg
JPMorgan's Michele: September Rate Cut Still on Table
Bob Michele, JPMorgan Asset Management global fixed income CIO, says he still sees a recession by the end of the year and expects capital appreciation in bonds during an interview with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
PPI Declines, Signaling Easing in Supply-Side Inflation
The producer price index for final demand decreased 0.3% in May, restrained by a drop in the cost of gasoline. Mike McKee reports on "Bloomberg Surveillance."
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Bloomberg
Fed to Sit on Its Hands This Week, Invesco Says
Kristina Hooper, chief global market strategist at Invesco, discusses Federal Reserve policy. Most economists expect the Fed to pause interest-rate increases this week for the first time in 15 months. Hooper speaks with Vonnie Quinn and...
Bloomberg
Goldman's Gnodde on Odey, IPOs, Job Cuts
Goldman Sachs International CEO Richard Gnodde discusses the IPO market, job cuts, and the bank's ties with Odey Asset Management. Gnodde spoke June 12 with Bloomberg's Francine Lacqua.
Bloomberg
Fed Will Pause Rate Hikes, Morgan Stanley's Caron Says
Morgan Stanley Global Balanced Funds co-CIO Jim Caron says the May CPI report takes some of the pressure off of the Federal Reserve to keep raising rates. He speaks with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
Morgan Stanley's Caron Makes the Case for Riskier Assets
Morgan Stanley Global Balanced Funds co-CIO Jim Caron says the failure of central banks to keep inflation anchored at 2% will benefit riskier assets. He speaks with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
HSBC's Major Is Bullish on US Treasuries
Steven Major, global head of fixed income research at HSBC Holdings Plc, discusses Federal Reserve policy and its implications for the bond market. He speaks with David Ingles and Yvonne Man on "Bloomberg Markets: China Open."
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Bloomberg
Bond Traders Brace for Federal Reserve Meeting Fraught
Traders remain split over whether a rate increase by the Federal Reserve is likelier in June or July. But the risks for bond investors from this week's meeting go well beyond whether officials decide to raise rates again. Ruth Carson...
Bloomberg
US Fed, BOJ, ECB Are Set to Announce Policies This Week
The Federal Reserve, the Bank of Japan and the European Central Bank are scheduled to hold policy-setting meetings and announce their decisions this week. Kathleen Hays reports on Bloomberg Television.
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Bloomberg
Jobless Claims Jump to Highest Level Since October 2021
Applications for US unemployment benefits to 261,000 in the week ended June 3 and continuing claims fell to 1.76 million in the week ended May 27. Mike McKee reports on "Bloomberg Surveillance."
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Bloomberg
Ray Dalio: US at Beginning of Late Big-Cycle Debt Crisis
Bridgewater founder Ray Dalio says interest rates probably won't rise much from current levels while talking with David Westin at Bloomberg Invest New York 2023.
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Bloomberg
Bank of Canada Delivers Surprise Rate Hike
The Bank of Canada defied expectations by restarting its interest-rate tightening campaign, saying the economy is running too hot.
Policymakers led by Governor Tiff Macklem raised the overnight lending rate to 4.75% on Wednesday, the...
Bloomberg
Fed Forecasts Will Spur New Bull Market: TPW's Pelosky
TPW Advisory Principal and founder Jay Pelosky says the Covid pandemic-related inflation spike is over and the Federal Reserve will stop raising rates. He speaks with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
China's Struggling Property to Weigh on Iron Ore: ANZ
Daniel Hynes, strategist at Australia and New Zealand Banking Group Ltd., discusses Chinese demand for commodities including iron ore and copper. He also talks about the outlook for gold. He speaks with Shery Ahn and Haidi Stroud-Watts...
Bloomberg
Is Powell Taking the Fed Into a New Era?
Danielle DiMartino Booth, chief executive officer and chief strategist of QI Research and a former adviser to the president of the Federal Reserve Bank of Dallas, discusses the central bank's policy. The Fed's June meeting is shaping up...
Bloomberg
US Services Activity Falls to Weakest Level This Year
The Institute for Supply Management's overall gauge of services fell to 50.3, the weakest level this year, while a measure of prices paid slid to a three-year low. Mike McKee reports on "Bloomberg Markets."
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Bloomberg
US Stocks Won't Revisit October Lows, Zuma's Spath Says
Zuma Wealth founder and CIO Terri Spath says the Federal Reserve probably won't raise rates for the rest of the year during an interview on "Bloomberg Markets: The Close."
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Bloomberg
Jobs Report Suggests Fed Pause, iCapital's Amoroso Says
"In parts of the market it is absolutely the time to lock in partial profits," Anastasia Amoroso, iCapital's chief investment strategist, says during an interview with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
Fed Won't Cut Rates Anytime Soon, Kroszner Says
"The Fed is going to hang tough," Former Federal Reserve Governor Randall Kroszner says while discussing what the May US employment report means for Fed monetary policy on "Bloomberg Surveillance."
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Bloomberg
Harker Says Fed Should Skip Rate Hike at June Meeting
Federal Reserve Bank of Philadelphia President Patrick Harker says the US central bank should "skip this meeting," holding interest rates in place. "I think we're at the point or very close to the point now where we are clearly in...
Bloomberg
Trichet on ECB's 25th Anniversary, Bank's Future
Former European Central Bank President Jean-Claude Trichet says despite an environment of great pessimism, Europe's "boldest endeavor" was the creation of the bank. He also discusses the future the ECB and inflation expectations, in an...