Jackson Hole, Fed
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The dollar dipped against major peers on Tuesday as markets assessed the outcome of a summit between leaders from the U.S., Europe and Ukraine, while awaiting policy cues from an annual Federal Reserve symposium later this week.
Peter Boockvar of One Point BFG Wealth Partners discusses why a dovish pivot by Fed chair Jerome Powell won't do anything to help the housing market.
Markets are largely banking on the Federal Reserve to cut interest rates in September, but some people are still skeptical about odds. Stephen Juneau, senior US economist at BofA Securities, joins Market Catalysts to break down what the latest inflation data could mean for Fed policy.
S&P Global reaffirmed its AA+ sovereign credit rating for the U.S. in a new report late Monday but it made one thing clear: the independence of the Federal Reserve is of paramount importance if that rating is to be maintained.
U.S. stock index futures were muted on Tuesday as investors awaited earnings reports from major retailers for insights on the health of the American consumer, and a key Federal Reserve conference scheduled later in the week.
Wall Street will be listening closely to Federal Reserve Chair Jerome Powell's speech Friday at the Jackson Hole economic policy summit, where he could signal whether the central bank is ready to cut borrowing costs at its next meeting in September.
Shares are mixed in Asia after Wall Street held near its records. Tokyo's Nikkei 225 index lost 0.2% as market heavyweight SoftBank fell after it announced it was taking a $2 billion stake in U.S. computer chip maker Intel.
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Goldman Sachs' banking strategy head reveals his favorite trade ahead of a potential Fed rate cut
Josh Schiffrin said his preferred asset is five-year Treasury bills, adding he expects an interest rate cut of 25 basis points by the Fed next month.
By Ishaan Arora (Reuters) -Gold prices edged higher on Tuesday, buoyed by a weaker dollar amid prospects of lower U.S. interest rates, while investors looked ahead to the Federal Reserve chair's speech at Jackson Hole later this week.
Bitcoin—alongside other major cryptocurrencies ethereum and XRP—have fallen sharply, raising fears of a crypto market