The Latest Breaking News from Jerome Powell

December S&P 500 E-Mini futures (ESZ24) are down -0.02%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.10% this morning as market participants awaited the outcome of one of the most closely contested elections in U.S. history, a fresh batch of corporate earnings reports, and the Federal Reserve’s policy…

December S&P 500 E-Mini futures (ESZ24) are up +0.24%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.15% this morning as market participants awaited the outcome of one of the most closely contested elections in U.S. history, a fresh batch of corporate earnings reports, and the Federal Reserve’s policy…

Wall Street wants the Fed to keep cutting to a normalized rate level. It might not happen as quickly as they’d like.

Prior to September, the Fed had not cut rates since March 2020.

"In my scenario rates are pretty comfortable where they are relative to the economy," Yardeni said.

It wasn’t that long ago that the Federal Reserve, the central bank for the United States, was worrying that annual inflation would surpass 9% in the middle of 2022. The U.S. economy hadn’t seen prices rise that fast since the 1980s, and most everyone feared that a series of interest…

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Key Square hedge fund founder Scott Bessent’s plan to sideline Jerome Powell aligns with Trump’s declared aim of eroding the U.S. central bank’s independence.

While we are unlikely to return to the days of zero interest rate policy, cash and cash equivalents won't be the slam dunk they have been during the past two years.