Jerome Powell

Market headwinds could worsen as stocks enter traditionally the worst month of the year

Market headwinds could worsen as stocks enter traditionally the worst month of the year

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Stocks are entering what is historically the worst time of the year, and this journey could prove especially challenging with more Federal Reserve action expected to hang in the market. The S&P 500 fell, on average, 0.56% in September, harking back to World War II, according to the CFRA. The index was negative 56% of …

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European markets open to close, stocks, data and earnings

European markets open to close, stocks, data and earnings

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US stocks were mixed as investors weighed further rate hikes US stocks traded mixed at the start of Wednesday’s session as investors weighed the possibility of an interest rate hike from central banks along with a possible recession. The Dow Jones Industrial Average was down about 60 points, or 0.2%, while the Nasdaq Composite was …

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S&P 500 falls for fourth day, putting summer market comeback in doubt

S&P 500 falls for fourth day, putting summer market comeback in doubt

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Stocks fell on Wednesday as Wall Street struggled to lose three straight days and investors continued to digest anti-inflation comments from Federal Reserve officials. The Dow Jones Industrial Average fell 115 points, or 0.4%. The S&P 500 fell 0.3% and the Nasdaq Composite lost 0.4%. All major averages are on track to end a month …

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What Wall Street strategists are watching for the risks of stocks and the economy

What Wall Street strategists are watching for the risks of stocks and the economy

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Stocks took another bearish turn after US Federal Reserve Chairman Jerome Powell made clear last week that rate hikes will continue – even if they cause more pain in the future. The S&P 500 and Dow Jones industrials are both down more than 3% for the month, while the Nasdaq Composite is down about 4% …

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Fed's Williams backtracks on his expectations for a rate cut next year

Fed’s Williams backtracks on his expectations for a rate cut next year

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John Williams, CEO of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019. Carlo Allegri | Reuters New York Federal Reserve Chairman John Williams said on Tuesday that he expects interest rates to continue rising and remain at those levels until inflation subsides. Echoing recent comments from …

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5 things to know before the stock market opens Tuesday, August 30

5 things to know before the stock market opens Tuesday, August 30

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A man walks down Wall Street on the morning commute, as the city deals with record temperatures and excessive heat, in New York, July 20, 2022. Brendan McDermid | Reuters Here are the most important news that investors need to start their trading day: 1. Rising stock futures US stock markets braced for a positive …

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Fed Chair Jerome Powell says 'some pain' is on the horizon. Here's what that means

Fed Chair Jerome Powell says ‘some pain’ is on the horizon. Here’s what that means

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Minneapolis CNN Business  —  In a blunt speech last Friday, Federal Reserve Chairman Jerome Powell warned that the central bank’s battle against inflation won’t come without some casualties. The Fed is firmly resolved to bring down inflation and to “keep at it until the job is done,” Powell said. But that plan — which involves …

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Economist Stephen Roach warns that the US needs a miracle to avoid a recession

Economist Stephen Roach warns that the US needs a miracle to avoid a recession

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Negative economic growth in the first half of the year may be a harbinger of a much deeper downturn that could continue into 2024. Stephen Roach, who served as president of Morgan Stanley Asia, warns that the US needs a “miracle” to avoid a recession. “We will definitely face a recession as the late effects …

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