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Tag: Jerome Powell

Asia Markets See Mixed Day Amid Powell’s Valuation Concerns and Alibaba’s AI Push

Asia Markets See Mixed Day Amid Powell’s Valuation Concerns and Alibaba’s AI Push

Asia Markets See Mixed Day Amid Powell’s Valuation Concerns and Alibaba’s AI Push Asia-Pacific markets experienced a mixed trading session on Wednesday as investors digested comments from U.S. Federal Reserve Chair Jerome Powell, who suggested that “equity prices are fairly highly valued.” Powell also indicated an unclear path for interest rate cuts, describing the current situation for the central bank as “challenging.” Australia’s ASX/S&P 200 closed down 0.61%, with Japan’s benchmark Nikkei 225 slipping 0.33% and the Topix losing 0.35%….

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US Federal Reserve Cuts Key Interest Rate to 4.00-4.25%, Future Path Uncertain Amidst Divided Views

US Federal Reserve Cuts Key Interest Rate to 4.00-4.25%, Future Path Uncertain Amidst Divided Views

US Federal Reserve Cuts Key Interest Rate to 4.00-4.25%, Future Path Uncertain Amidst Divided Views The Federal Reserve has once again lowered its benchmark interest rate, bringing it to a range of 4.00% to 4.25% following its mid-September meeting. This quarter-point reduction, largely anticipated due to signs of a weakening job market, marks a significant move after the central bank had held rates steady for most of the year, following aggressive cuts in late 2024. While the rate cut itself…

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US Federal Reserve Slashes Rates by 50 BPS, Signals Further Cuts Amid Economic Shift

US Federal Reserve Slashes Rates by 50 BPS, Signals Further Cuts Amid Economic Shift

US Federal Reserve Slashes Rates by 50 BPS, Signals Further Cuts Amid Economic Shift In a pivotal move signaling a significant shift in monetary policy, the US Federal Reserve cut its benchmark interest rate by 50 basis points on Wednesday, marking the first reduction in four years. This decision moves the federal funds rate target to between 4.75% and 5%, stepping back from an aggressive stance aimed at curbing inflation. Policymakers also indicated expectations for an additional 50 basis point…

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Markets Hold Breath for Fed’s First 2025 Rate Cut and Powell’s Outlook

Markets Hold Breath for Fed’s First 2025 Rate Cut and Powell’s Outlook

Markets Hold Breath for Fed’s First 2025 Rate Cut and Powell’s Outlook As the Federal Reserve’s pivotal two-day meeting concludes, investors are on high alert, with Dow Jones, S&P 500, and Nasdaq futures showing little movement overnight. All eyes are on the expected announcement of the Fed’s first interest rate cut of 2025. Adding to the anticipation, Fed Chief Jerome Powell’s upcoming comments are crucial, as they are expected to provide insights into the central bank’s future monetary policy trajectory….

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Federal Reserve Cuts Rates Today, Political Divisions Emerge on Future Policy

Federal Reserve Cuts Rates Today, Political Divisions Emerge on Future Policy

Federal Reserve Cuts Rates Today, Political Divisions Emerge on Future Policy The Federal Reserve today announced a quarter-percentage-point cut to its overnight borrowing rate, bringing the federal funds rate down by 25 basis points. This widely anticipated decision emerged from the Federal Open Market Committee (FOMC) meeting, which also saw officials release their updated economic forecasts and the closely watched “dot plot” outlining future rate expectations. The meeting, however, was marked by significant political intrigue and internal dissent. New Fed…

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Fed Poised for Critical Rate Decision Tomorrow Amid Economic Uncertainty

Fed Poised for Critical Rate Decision Tomorrow Amid Economic Uncertainty

Fed Poised for Critical Rate Decision Tomorrow Amid Economic Uncertainty The Federal Reserve is on the brink of a pivotal interest rate decision, with its September meeting set to conclude tomorrow, September 17th. Economists broadly expect the first rate cut of 2025, with CME FedWatch indicating a 96% probability of a 0.25 percentage point reduction. This highly anticipated move comes as the central bank grapples with a complex economic environment, attempting to balance a softening labor market against persistent inflation,…

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Fed Kicks Off Critical Meeting Amid Political Turmoil and Economic Crossroads

Fed Kicks Off Critical Meeting Amid Political Turmoil and Economic Crossroads

Fed Kicks Off Critical Meeting Amid Political Turmoil and Economic Crossroads WASHINGTON – The Federal Reserve commenced its high-stakes two-day policy meeting today, September 16th, under an extraordinary cloud of political pressure and economic uncertainty. The central bank is poised to make a crucial decision on interest rates, with investors widely expecting a quarter-point cut on Wednesday, but the path forward is fraught with internal divisions and external demands. The meeting’s start follows a tumultuous lead-up, including the Senate’s narrow…

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Powell’s Jackson Hole Speech Today: Fed Grapples with Rate Cut Pressure, Economic Crossroads

Powell’s Jackson Hole Speech Today: Fed Grapples with Rate Cut Pressure, Economic Crossroads

Powell’s Jackson Hole Speech Today: Fed Grapples with Rate Cut Pressure, Economic Crossroads Federal Reserve Chair Jerome Powell is set to deliver a highly anticipated speech today at the annual Jackson Hole symposium in Wyoming, as the central bank faces mounting pressure to consider its first interest rate cut of 2025. The address comes at a critical juncture, with policymakers navigating a complex economic landscape marked by slowing hiring, persistent inflation concerns, and intense political scrutiny. Powell’s remarks will be…

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Powell’s Jackson Hole Speech: Rate Cut Hopes Fade as Economic Data Shifts

Powell’s Jackson Hole Speech: Rate Cut Hopes Fade as Economic Data Shifts

Powell’s Jackson Hole Speech: Rate Cut Hopes Fade as Economic Data Shifts Markets are bracing for Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Symposium later this week, with expectations for a clear signal on interest rate cuts now significantly dampened. Despite earlier market certainty, recent economic data is challenging the narrative of an imminent September rate reduction. Just a week ago, futures markets priced in over a 95% chance of a September rate cut. However,…

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Wall Street on Edge: Powell’s Jackson Hole Speech Looms Amid Rate Cut Uncertainty

Wall Street on Edge: Powell’s Jackson Hole Speech Looms Amid Rate Cut Uncertainty

Wall Street on Edge: Powell’s Jackson Hole Speech Looms Amid Rate Cut Uncertainty All eyes are on Federal Reserve Chairman Jerome Powell as he prepares to deliver his highly anticipated speech this Friday at the annual Jackson Hole central bank conference in Wyoming. Market participants are keenly awaiting any signals regarding the future trajectory of U.S. monetary policy, particularly the widely expected resumption of interest rate cuts. Wall Street has largely priced in a September rate cut, following months of…

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July Inflation Report Fuels Optimism for September Fed Rate Cut

July Inflation Report Fuels Optimism for September Fed Rate Cut

July Inflation Report Fuels Optimism for September Fed Rate Cut The latest Consumer Price Index (CPI) summary for July has delivered a favorable outcome for the Federal Reserve and the White House, with inflation notching up a modest 0.2% for the month, a decline from June’s 0.3% increase. This brings the headline annual inflation rate to 2.7%, holding steady at the previous month’s level, though still above the Federal Reserve’s 2% target. Shelter costs were identified as the primary driver…

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Trump Escalates Pressure on Fed’s Powell Over ‘Ostentatious’ HQ Renovation

Trump Escalates Pressure on Fed’s Powell Over ‘Ostentatious’ HQ Renovation

Trump Escalates Pressure on Fed’s Powell Over ‘Ostentatious’ HQ Renovation President Donald Trump is intensifying his campaign against Federal Reserve Chairman Jerome Powell, shifting focus to the central bank’s headquarters renovation plans as a new avenue for pressure. The latest development saw Russ Vought, Trump’s top budget adviser, send a letter to Powell, expressing the president’s “extreme trouble” over potential violations of government building rules with an “ostentatious overhaul.” This move follows Trump’s recent appointment of close aides James Blair…

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Bessent Cautioned Trump Against Firing Fed Chair Powell, Citing Major Economic and Legal Risks

Bessent Cautioned Trump Against Firing Fed Chair Powell, Citing Major Economic and Legal Risks

Bessent Cautioned Trump Against Firing Fed Chair Powell, Citing Major Economic and Legal Risks Treasury Secretary Scott Bessent reportedly urged President Donald Trump against dismissing Federal Reserve Chair Jerome Powell, warning of significant economic, political, and legal repercussions, according to a new report from The Wall Street Journal. Bessent’s advice, which marks a notable divergence from other Trump allies, highlighted that removing Powell before his term concludes next spring could destabilize financial markets and push the central bank into unprecedented…

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White House Intensifies Pressure on Fed Chair Powell Over $2.5 Billion Renovation Costs

White House Intensifies Pressure on Fed Chair Powell Over $2.5 Billion Renovation Costs

White House Intensifies Pressure on Fed Chair Powell Over $2.5 Billion Renovation Costs Federal Reserve Chair Jerome Powell is facing escalating attacks from the White House over alleged mismanagement of a years-long, multi-billion dollar renovation of the Fed’s headquarters. The White House, under President Donald Trump, has openly suggested that the spiraling costs could be grounds for Powell’s dismissal, even as experts question the legality of such a move. The renovation project, initiated in 2017 before Powell’s appointment, has seen…

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JP Morgan CEO Jamie Dimon Defends Fed Independence Amid Trump’s Intensified Attacks and Succession Talks

JP Morgan CEO Jamie Dimon Defends Fed Independence Amid Trump’s Intensified Attacks and Succession Talks

JP Morgan CEO Jamie Dimon Defends Fed Independence Amid Trump’s Intensified Attacks and Succession Talks Jamie Dimon, CEO of JP Morgan Chase, has strongly defended the Federal Reserve’s independence, calling it “absolutely critical” amidst escalating pressure from Donald Trump for immediate interest rate cuts. Dimon’s comments were made as the White House confirmed it has already initiated a process to select a successor for current Fed Chair Jerome Powell, despite his term not concluding until May next year. Trump has…

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Fed Cuts Growth Forecast Amid Escalating Tariff Fears

Fed Cuts Growth Forecast Amid Escalating Tariff Fears

Fed Cuts Growth Forecast Amid Escalating Tariff Fears The US central bank has lowered its economic growth forecast, citing President Donald Trump’s tariffs as a clear driver of rising prices. The Federal Reserve, which kept interest rates unchanged, stated it is closely monitoring the impact of White House policies. This decision, widely anticipated, maintains the benchmark interest rate at approximately 4.3%, a level held since December. Following the announcement, President Trump urged the Fed to cut rates, stating on Truth…

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Federal Reserve Publicly Counters Trump Administration Over Renovation Costs Amid Escalating Tensions

Federal Reserve Publicly Counters Trump Administration Over Renovation Costs Amid Escalating Tensions

Federal Reserve Publicly Counters Trump Administration Over Renovation Costs Amid Escalating Tensions The U.S. Federal Reserve is directly addressing mounting criticisms from the Trump administration regarding its $2.5 billion headquarters renovation project, launching a new ‘Frequently Asked Questions’ page on its website. This move comes as the administration intensifies its campaign against the central bank and Chairman Jerome Powell. The newly updated FAQ page, last revised late last week, specifically refutes claims made by Office of Management and Budget Director…

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BREAKING: Fed Chair Jerome Powell Reportedly Weighing Resignation Amid Mounting Pressure Over $2.5B HQ Renovation

BREAKING: Fed Chair Jerome Powell Reportedly Weighing Resignation Amid Mounting Pressure Over $2.5B HQ Renovation

BREAKING: Fed Chair Jerome Powell Reportedly Weighing Resignation Amid Mounting Pressure Over $2.5B HQ Renovation A senior Trump administration official indicated on Friday that Federal Reserve Chair Jerome Powell is reportedly considering his resignation. This comes amidst intensified calls for an investigation into whether Powell misled Congress regarding the central bank’s lavish $2.5 billion headquarters renovation in Washington, D.C., which critics have dubbed a “Palace of Versailles.” Pressure on Powell has mounted significantly. Bill Pulte, chair of US government-backed mortgage…

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Trump’s Past Battles with the Federal Reserve: A Historical Look at Presidential Power and Central Bank Independence

Trump’s Past Battles with the Federal Reserve: A Historical Look at Presidential Power and Central Bank Independence

Trump’s Past Battles with the Federal Reserve: A Historical Look at Presidential Power and Central Bank Independence As the 2024 election cycle continues, a look back at former President Donald Trump’s unprecedented challenges to the Federal Reserve’s independence during his first term offers critical insights into the potential future of economic policy. Trump frequently targeted then-Fed Chair Jerome Powell, publicly demanding interest rate cuts and even threatening his job. This aggressive stance, including a notable handwritten note urging significant rate…

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Trump’s Past Demands: A Look Back at Calls for Powell’s Resignation

Trump’s Past Demands: A Look Back at Calls for Powell’s Resignation

Trump’s Past Demands: A Look Back at Calls for Powell’s Resignation In a significant escalation during his presidency, Donald Trump repeatedly called for Federal Reserve Chair Jerome Powell to resign, citing dissatisfaction with the central bank’s interest rate policies. These demands, often voiced on social media platforms like Truth Social, stemmed from Trump’s belief that lower interest rates were crucial for boosting economic growth. The controversy intensified with calls from figures like Federal Housing Finance Agency director Bill Pulte for…

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Fed Holds Steady, Monitors Tariff Inflation Amidst Rate Cut Speculation

Fed Holds Steady, Monitors Tariff Inflation Amidst Rate Cut Speculation

Fed Holds Steady, Monitors Tariff Inflation Amidst Rate Cut Speculation Federal Reserve Chair Jerome Powell recently signaled the central bank’s cautious approach to monetary policy, emphasizing patience as officials assess the lingering impact of tariffs on inflation. In testimony before the House Financial Services Committee on Tuesday, Powell reaffirmed the Fed’s current strategy of holding interest rates steady while keeping a close eye on economic data. Despite rising price pressures stemming from tariffs, Fed officials, as of their June 18…

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Market Mixed as Nvidia Soars, BP Eyed for Mega-Merger, and Trump Targets Powell

Market Mixed as Nvidia Soars, BP Eyed for Mega-Merger, and Trump Targets Powell

Market Mixed as Nvidia Soars, BP Eyed for Mega-Merger, and Trump Targets Powell US stock markets navigated a turbulent Wednesday, closing mixed despite significant individual company movements and high-stakes political developments. While the tech-heavy Nasdaq Composite edged higher, propelled by Nvidia’s continued ascent, the Dow Jones Industrial Average slipped, and the S&P 500 hovered just below its all-time high, reflecting a cautious investor sentiment. A major focus for investors was Federal Reserve Chair Jerome Powell’s second day of congressional testimony….

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