The Latest Breaking News from Jay Powell

Close to half a million working-age people lost their lives to COVID.

Recession fears may not be overwrought so much as premature.

Economies are not known for being simple things to untangle. Unlike in the physical sciences, where if you do enough calculations, you can shoot a projectile into an asteroid moving at an incredible speed 7 million miles away, the so-called laws of money deal with the hazier and less predictable…

Amid conflicting economic signals and with midterms looming, the US central bank weighs a critical decision over interest rates

The SPDR S&P 500 (ARCA:SPY) is volatile after the Federal Reserve on Wednesday raised its benchmark rate by 0.75% for the third straight time and indicated that it will continue to hike well above the current level. 

The NZX50 records its first weekly ‘three-peat’ in a year, notching up a third consecutive week of gains to close at a 3-month high

Central banks are starting to shrink their balance sheets, but fund managers say they have no clue as to how QT will play out

Higher food, energy and record petrol prices push up inflation in May, as bread, cereal and meat become more expensive

No more lip service from you, Jay Powell.  The Chairman of the Federal Reserve has notably been sanguine about inflation, the economy and the potential for creating a massive bubble that may be impossible to retreat from.  Words are words, action is action.  And frankly all one has to point…