Tag: Jerome Powell
U.S. Stocks Edge Lower as Investors Take Profits; PCE Matches Forecasts
U.S. Stocks Slip as Investors Take Profits; PCE Inflation Data in Line With Forecasts
U.S. stocks moved lower on Friday, retreating from record highs as...
Morgan Stanley Revises Fed Outlook, Expects Four Rate Cuts in 2026
Morgan Stanley Revises Fed Outlook, Now Expects Four Rate Cuts in 2026
Morgan Stanley has adjusted its forecast for U.S. monetary policy, predicting that the...
U.S. Consumer Spending Stays Strong in July as Services Inflation Rises
U.S. Consumer Spending Rises in July as Services Inflation Picks Up
U.S. consumer spending rose at the fastest pace in four months in July, while...
Bitcoin Jumps Above $110K as July PCE Inflation Holds Steady at...
The U.S. Personal Consumption Expenditures (PCE) index rose to 2.6% year-over-year in July, matching analyst expectations and sparking a fresh rebound in Bitcoin’s price....
Morgan Stanley Predicts September Kickoff for Fed Rate Cuts
Morgan Stanley now expects the U.S. Federal Reserve to start cutting interest rates in September, pointing to a shift in tone from Chair Jerome...
Trump axes Fed’s Lisa Cook as mortgage fraud scandal erupts
U.S. President Donald Trump announced on Monday evening that Federal Reserve Governor Lisa Cook was being removed from her post with immediate effect. Trump...
Dollar strengthens, but BofA warns Powell’s dovish tilt could bring downside
The U.S. dollar strengthened on Monday, but Bank of America (BofA) warned that further gains could be difficult, especially against major European currencies. Analysts...
US stock futures stable after Powell sparks Wall Street rally; Nvidia...
U.S. stock index futures held steady on Sunday evening after Wall Street posted strong gains on Friday, boosted by dovish comments from Federal Reserve...
Asian currencies tick lower after Powell fuels rate cut bets
Most Asian currencies slipped on Monday, easing back after the sharp gains seen late last week when Federal Reserve Chair Jerome Powell signaled a...
Gold prices dip following surge on Fed rate cut signals
Gold prices edged lower in Asian trading on Monday, giving back some of last week’s strong gains that were driven by dovish signals from...
