Jerome Powell

Fed Chairman Powell has a problem communicating with the market

Fed Chairman Powell has a problem communicating with the market

No matter what Federal Reserve Chairman Jerome Powell says to market participants these days, it seems they only hear the good stuff. Two recent examples: first in July, when Powell hinted that smaller interest rate hikes might be on the way. The second was last week, when the central bank leader appeared to confirm that …

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The Fed's path to a "Goldilocks" economy just got a little complicated

The Fed’s path to a “Goldilocks” economy just got a little complicated

A ‘Help Wanted’ sign is displayed in a store window in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty Images As for the jobs reports, the November ones weren’t exactly what the Federal Reserve was looking for. A higher-than-expected payrolls number and a hot payroll reading that was double what …

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Chinese factory activity data falls short of expectations;  Asia-Pacific markets mixed

Chinese factory activity at lowest since April; Asian markets are largely on the rise

Bitcoin Briefly Crosses $17,000 at Highest Levels Since Mid-November Bitcoin price briefly rose above $17,000 during the morning session in Asia for the first time since mid-November. Bitcoin was up 2.2% over the previous 24 hours, according to Coin Metrics and last traded at $16,863.07 per coin. Ether has also risen and is up 4.74% …

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Chinese factory activity data falls short of expectations;  Asia-Pacific markets mixed

Chinese factory activity data falls short of expectations; Asia-Pacific markets mixed

Chinese factory activity beats expectations and contracts for second straight month China’s official manufacturing purchasing managers’ index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s below analysts’ expectations polled by Reuters, who had forecast a reading of 49. October’s PMI was 49.2. PMI readings are sequential and …

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Fed officials see smaller rate hikes coming 'soon', minutes say

Fed officials see smaller rate hikes coming ‘soon’, minutes say

Federal Reserve officials agreed earlier this month that smaller interest rate increases should take place as they assess the policy’s impact on the economy, meeting minutes said. the meeting published on Wednesday. Reflecting statements several officials have made over the past few weeks, the meeting summary pointed to lower rate hikes ahead. Markets generally expect …

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