Jerome Powell

There are a total of 53 articles associated with Jerome Powell.

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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.

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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

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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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The economy added 372,000 jobs in June, but the unemployment rate was 3.6% — unchanged from May

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Central bankers lowered their growth forecasts for the second half of 2022 and 2023, despite a rebound in GDP during the second quarter of 2022

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Central bankers predict elevated unemployment rates, prolonged higher prices and a slowdown in economic activity going forward

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The Federal Reserve’s plan is aimed at tightening credit and cooling down inflation, but what’s the collateral damage?

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The Fed is raising interest rates and shrinking its balance sheet to combat the highest inflation in four decades

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Bitcoin and equities rallied late in the session, suggesting rate hikes may be mostly priced in and may not push markets down in the future

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Increased concerns with rising inflation, ongoing supply chain pressures and the war in Ukraine are leading to greater financial hardships for Americans, the Fed said

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Investors are likely expecting a non-aggressive approach to interest rates following Wednesday’s change, leading to a jump in markets

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The ongoing conflict in Ukraine could impede progress on the bills

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Bitcoin is down today, though analysts say impact of interest rate rise is priced in

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Bitcoin and equities slightly rally on news that Fed rate hikes may be coming in the coming months

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Congressman warns that centralized digital currencies could compromise financial privacy, the dollar’s dominance and innovation

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Markets rallied on the news but their overall future remains in limbo with inflation running hot and rate hikes on the horizon

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Jay Clayton said cryptocurrencies’ ability to eliminate friction in the global system will be hard to resist.

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