Kevin Hassett, director of the National Economic Council, has the highest odds of succeeding current Federal Reserve Chair Jerome Powell, whose term ends next May.
4 minute read
The Cboe Group’s VIX index is at its highest since early May.
3 minute read
Paulson will become a voting member of the Federal Open Market Committee in 2026.
2 minute read
Bitcoin, other cryptos rebound, shutdown impasse continues, airlines see thousands of flight delays, and more news to start your day.
Long Read
10 Fed officials want to cut rates twice more this year due to labor market weakness. Some of the other nine no longer seem so sure about cutting less than twice.
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Valuations are the big concern. The market’s fundamentals will be on full display this coming week when earnings season kicks off with reports from the big banks.
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Inflation likely rose again last month, according to the Cleveland Fed’s Inflation Nowcast model and other nongovernmental data sources.
4 minute read
Government shutdown hits day 10, U.S. begins Argentine rescue, Amazon Prime shoppers snapped up necessities, and more news to start your day.
Long Read
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, says the risks of inflation and a weakening labor market are coming into closer balance.
Long Read
Fed members disagreed about further rate cuts, Kevin Warsh aims to remake the central bank, tech earnings are around the corner, and more news to start your day.
Long Read
BofA Securities says a climate of lower interest rates could make Americans feel wealthier and borrow more. It could unlock billions of dollars piled up in home equity and bank accounts.
3 minute read
The minutes cover the Fed’s Sept. 16-17 policy meeting, where officials lowered rates by a quarter percentage point and signaled two more cuts by year-end.
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The Fed will need to ease monetary policy, he says, a move some central bank colleagues might not be comfortable with.
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What banks want is assets that are highly liquid and that hold their value when the financial system comes under strain.
2 minute read
Housing-related sectors may struggle if mortgage rates climb on expectations of higher inflation.
4 minute read
Political turmoil and interest-rate cuts ought to carry on boosting the precious metal, which is already headed for its best year since 1979.
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The Fed shouldn’t lose sight of its goal to bring inflation back to the 2% target, he said.
3 minute read
The government shutdown continues, a Taylor Swift commercial rush, and more news to start your day.
Long Read
The FOMC will release the minutes from its mid-September meeting, and the University of Michigan will release the results of its consumer survey. This week also brings earnings reports from Constellation, McCormick, and Levi Strauss.
2 minute read
Traders are all but certain the central bank will slash rates in October.
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The Federal Reserve may not have any government data to study ahead of its October policy meeting.
Long Read
Lower rates have spurred the sales of corporate bonds. But bankruptcies are a sign that not all is well in the more shadowy private credit world of bank loans and closed-end funds.
Long Read
Inflation risks have changed, too, Marcello Estevão writes in a guest commentary.
4 minute read
Stocks marked new highs again on Thursday, shrugging off the second day of a government shutdown. Plus, what OpenAI’s $500 billion valuation means for the AI rally.
Long Read
Existing home sales are on track to end 2025 around the 30-year lows set in the previous two years.
2 minute read