Jerome Powell

There are a total of 66 articles associated with Jerome Powell.
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The US labor market added more jobs than expected in January, leaving analysts and investors doubting that an interest rate cut will come in March

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Markets dipped during Powell’s Wednesday press conference but recovered Thursday to around pre-rate decision levels

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The Fed opts to hold rates for a fourth consecutive time, citing high job openings and slightly improving inflation

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Global bank leaders say a recession is unlikely, but persistent inflation may lead to rate hikes

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Bitcoin soared to around $31,230 Friday afternoon in New York for the first time since April

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The central bank head appeared before lawmakers Wednesday to defend his monetary policy

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Crypto moved further in the green while stocks went red — analysts say institutional interest and increased risk appetite are to blame

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eToro’s Callie Cox noted that bitcoin has led the stock market “in seven of the last 10 Fed days”

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Interest rates could end up “higher than anticipated,” the central bank chief said on Capitol Hill, Tuesday

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The Nasdaq Composite and S&P 500 indexes rose as much as 1.4% and 1.1%, respectively, during Powell’s interview

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The central bank raised interest rates by 25 basis points — that’s not surprising — but all eyes are on the subtext

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If Powell and the committee signal a forthcoming pause in interest rate hikes, markets will react favorably, but a hawkish stance will likely send shares plummeting again

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The hike marks the Fed’s seventh consecutive rate increase, a strategy it hopes will curb the highest inflation the country has seen in more than four decades

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The S&P 500 and Nasdaq Composite indexes both gained about 1% and 1.5% in the moments following Powell’s speech

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The Fed’s forward guidance statement did not provide clarity about what December might bring

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Investors seem confident that the central bank will continue its rate hikes this week with a 75 basis point increase announced Wednesday, followed by 50 basis points in December

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The regulator is particularly concerned about stablecoins, volatility and crypto token classification

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Powell was guarded when asked about what might come in November — markets are still betting on a 75 bps increase at the next FOMC meeting

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The S&P 500 and Nasdaq were trading 2.3% and 2.8% lower, respectively, at time of publication, while bitcoin and ether similarly lost 4% and 7%, respectively

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Following Powell’s speech, markets predict chance of a 75 basis point September rate hike is slightly lower compared to earlier in the week

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Both crypto and equities markets have taken a breather as investors wait cautiously for central bankers to gather at Jackson Hole.

Futures markets are now pricing in a 53% chance of a 50 basis point hike and a 48% chance of a 75 basis point hike in September

The Fed has kept an eye on labor statistics in recent months with the hopes of gauging the odds of a recession

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Overall economic activity appears to have slowed a bit, Fed officials wrote in their statement released Wednesday, but employment remains high

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