Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the US is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not … Read more
The yield on the benchmark 10-year Treasury note climbed on Tuesday as investors awaited a fresh batch of economic data and watched for clues on the path of monetary policy. The yield on the 10-year Treasury note last traded up 4 basis points to 2.9240%, while the yield on the 30-year Treasury bond rose 4 … Read more
US Treasury prices slipped on Friday and yields jumped as investors sold out of government bonds and looked to move back into stock markets. The yield on the benchmark 10-year Treasury note surged 11 basis points to 2,929%. The yield on the 30-year Treasury bond climbed 12 basis points to 3,092%. Yields move inversely to … Read more
Philip Jefferson speaks during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Feb. 3, 2022. The U.S. Senate on Wednesday voted overwhelmingly to confirm Philip Jefferson, an economist and Davidson College’s dean of faculty, to the Federal Reserve Board. Ken Cedeno | Bloomberg | Getty Images The U.S. … Read more
Christopher Waller, US President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, DC, US, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller pledged Tuesday that the rate-setting group would not make the same mistakes on … Read more
The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point as the most aggressive step yet in its battle against generational highs in inflation. Along with the move higher in rates, the central bank indicated it will start reducing asset holdings on its $ 9 trillion balance sheet. The Fed … Read more
Jerome Powell, Chairman of the US Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, DC, United States on March 21, 2022. Yasin Ozturk | Anadolu Agency | Getty Images The Federal Reserve is tasked with slowing the US economy enough to control inflation but not so much that it tips … Read more
Until investors stop worrying about the Federal Reserve and the path of interest rates, expect more losses, according to DataTrek Research.
Expectations now have coalesced around a 50-basis-point move in May that will be followed by a 75-basis-point increase in June.
Cleveland Federal Reserve President Loretta Mester said Friday she’s in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt economic recovery. That means a strong likelihood of backing a 50 basis point rate hike at the next Fed meeting and perhaps a few more after, but not … Read more