Here's what you need to know ahead of Fed Chair Powell's Wednesday speech at the Brookings Institution. BobPisani reports.
Monday's 1.5% haircut for the S & P 500 was largely attributed to the unrest in China, but several traders brought up Fed Chair Jay Powell's Wednesday's speech at the Brookings Institution. The subject is "The Economic Outlook and the Labor Market." The fear is that Powell will use the speech to smack down the modest market rally , which is largely based on the belief that the pace of rate hikes will begin to slow in December.
"They are all setting the stage for a hawkish performance from Chairman Powell on Wednesday, despite the step down in the pace of rate hikes," Mike O'Rourke from Jones Trading said in a note to clients last night. Powell is also likely unhappy about the decline in bond yields: the 10-year Treasury yield has to 3.66% today from from roughly 4.2% three weeks ago. "That also has, from their [the Fed's] standpoint, the perverse effect of easing financial conditions, i.e.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
USD/CHF bears approach 0.9450 with eyes on Swiss GDP, Fed Chair PowellUSD/CHF takes offers to refresh intraday low near 0.9460 heading into Tuesday’s European session as it snaps the three-day uptrend. Although the risk-
Consulte Mais informação »
‘Wednesday’ fans shocked to learn ‘90s Wednesday Addams is new character in Netflix seriesSome fans of Netflix's spooky new 'Wednesday' series are just now figuring out that one of the show's stars, Christina Ricci, played Wednesday Addams herself as a child star in the 1990s.
Consulte Mais informação »
Wednesday Star Explains If Tyler Ever Truly Loved WednesdayWednesdayNetflix star Hunter Doohan explains the truth behind Tyler's feelings for the titular Addams daughter.
Consulte Mais informação »
Gold Price Forecast: XAU/USD bears poke 200-EMA amid Coronavirus fears, US NFP, Fed Chair Powell eyedGold Price Forecast: XAU/USD bears poke 200-EMA amid Coronavirus fears, US NFP, Fed Chair Powell eyed – by anilpanchal7 Gold XAUUSD Coronavirus Fed NFP
Consulte Mais informação »
Fed's Brainard: Even countries that hiked interest rates ahead of U.S. didn't avoid high inflationEven countries that raised rates in 2021 - well before the Fed started to move in 2022 - didn't manage to escape high inflation, Fed Vice Chair Brainard says.
Consulte Mais informação »
Does Your Board Need an Executive Chair?Companies like Amazon, Google, and Iron Mountain have opted for an executive board chair in recent years. Separate from the CEO, the executive board chair is typically responsible for both oversight and strategic decision-making. The authors studied S&P 1500 companies from 2002 to 2020 to understand what a board chair does, and when such a position might be beneficial to a company. They found that companies that used the executive chair position for a limited period during a CEO succession significantly outperformed those that did not.
Consulte Mais informação »