Oil up on lower US inflation data, hope of Federal Reserve policy easing
ISTANBUL Oil prices increased on Monday, driven by expectations of further US Federal Reserve (Fed) policy easing following lower-than-expected US inflation data. The international oil benchmark of Brent crude increased by 0.20% to $72.79 per barrel at 11.40 a.m. local…
Elon Musk federal reserve: Elon Musk makes ‘overstaffed’ Fed his target in new post, internet says ‘bye bye Jerome Powell’
Tech billionaire Elon Musk Monday in a social media stated that the US central bank in charge of protecting the world’s largest economy is “absurdly overstaffed”. The Tesla CEO, known for his controversial takes on government policies, has this time…
Elon Musk Makes ‘Overstaffed’ Fed Target in Quest for Efficiency
(Bloomberg) — Elon Musk, the billionaire tasked with making the US government more efficient come January, has zeroed in on the Federal Reserve. Most Read from Bloomberg The central bank in charge of protecting the world’s largest economy is “absurdly…
The Fed Is Unlikely To Cut Interest Rates In January Due To Inflation
The Federal Reserve cut interest rates by 0.25% on December 18, but an interest rate cut is unlikely when the Fed issues its next policy decision on January 29. Elevated levels of consumer inflation combined with the latest Federal Open…
What to know this week
The holidays are here. But many investors may be feeling like they made it onto the naughty list as they contend with challenges from turmoil in Washington as President-elect Donald Trump and Elon Musk flex their newfound political power to…
Jerome Powell led the Fed’s fight against inflation. It’s not over yet – and it could get even harder
Washington CNN — Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after. But the job isn’t finished…
Donald Trump names critic of Federal Reserve chair Jay Powell to top economic job
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has tapped Stephen Miran, an economist who served during the president-elect’s first term, to chair his…
Federal Reserve’s flip-flops risk undermining US exceptionalism
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy “We don’t guess, we don’t…
Federal Reserve wariness weighs down on Bitcoin as it slumps 15% from record high
Bitcoin extended its slide from this week’s record high to almost 15% as hawkish signals from the Federal Reserve prompted traders to sell an asset that has more than doubled this year. The original cryptocurrency dropped as much as 5%…
Caveat Emptor? Federal Reserve Rate-Easing Cycles Have Historically Served as an Ominous Warning for Wall Street.
Rate-easing cycles and bear markets tend to go hand-in-hand. Just six trading days remain before we close the curtain on what should go down as a splendid year for Wall Street. As of the closing bell on Dec. 18, the…