BUSINESS
Even Jerome Powell is having trouble reading this economy
It’s relatively clear that there are still a number of paths to potentially higher policy rates in 2024, and it’s hard to make any high-conviction bets in one direction or the other
BUSINESS
Rout in 10-year treasury notes is no wild aberration
History suggests that the surge in yields is probably just a detour. But that doesn’t mean it won’t hurt
BUSINESS
US Economy: Risks Are growing of a double-dip 'vibecession'
The US may be heading back into a “vibecession” — a condition in which consumer confidence and other economic “vibes” decline so much that they threaten to become self-fulfilling prophecies and drag the economy down with them
BUSINESS
Fed’s debate about ‘neutral’ is mostly an exercise
The central bank’s tea leaves suggest that some policymakers think the rate is on the rise. But the most influential voices probably won’t be swayed
BUSINESS
Powell has already hinted at where he stands on ‘neutral’
The Fed chair’s early Jackson Hole speeches indicate a lot about how he thinks about the equilibrium real rate of interest
BUSINESS
Why this hysteria over higher US Treasury bond yields?
Perhaps the jump in longer-term yields is just what the US Federal Reserve needs to complete the proverbial last mile in its inflation fight — a necessary but ultimately temporary part of the disinflation process. And perhaps the question isn’t “why is this happening now?” but “why didn’t it happen before?”
BUSINESS
When the reigning No 1 portfolio strategist confirms there's no crystal ball
Morgan Stanley’s Michael Wilson, the reigning No 1 portfolio strategist in Institutional Investor’s annual survey, who nailed last year’s interest-rate driven selloff in US equities and had held on to his bearish views through 2023, advancing the thesis that the bear market would move into a second phase driven by sharp earnings declines, now admits that he had got it wrong
BUSINESS
Worried about Nvidia, Apple and Meta? Nasdaq has your back
To tackle the “over-concentration” of the Nasdaq 100, the index provider is carrying out a “special rebalance” on July 24 to redistribute weights after the run-up in megacap stocks. Although the out-of-cycle move was rare and blindsided some investors, it is a sign that the system is working as intended
BUSINESS
Stock market bulls are now free to fight the US Federal Reserve
BUSINESS
US recession 2023 might be cancelled but economists won't admit it
BUSINESS
Rate Hikes: US Federal Reserve may be nowhere near done yet
BUSINESS
Economic pessimists are running out of worries
BUSINESS
Nvidia stock rides the AI wave with more to come
BUSINESS
Greenspan’s success shows Jerome Powell how to skip
BUSINESS
Stock bulls won’t find much to celebrate in the US Fed’s pause
BUSINESS
Fed unity is showing cracks at a critical time
BUSINESS
Federal reserve pause is still coming, just not yet
BUSINESS
Stock market Cassandras and Pollyannas are stuck in limbo
BUSINESS
As Fed nears rate peak, be careful what you wish for
BUSINESS
CPI: If the Fed fails to raise rates, it will be a sign of panic
BUSINESS
Powell’s testimony is a sideshow. Follow the data
BUSINESS
US Federal Reserve might need a new excuse to stay hawkish
BUSINESS
US GDP and jobs data show the stock market bears are still early
BUSINESS
Jerome Powell delivers masterful performance at a difficult time
