The "Super Central Bank Week" is here! The Federal Reserve is on the scene with the "shutdown shackles". Will Powell release a beautiful dove sound? The US government shutdown continues, when will the technical pullback of gold end? US stock traders begin to switch positions... Click to view...
Federal Housing Finance Agency Director Pulte: I remain optimistic that Federal Reserve Chairperson Jerome Powell will do the right thing, and it will be as early as next week.
US President Donald Trump last month used the cost of federal debt as a new reason to press Powell to cut interest rates. But a new analysis shows that firing the Federal Reserve chairperson and forcing him to lower interest rates will not help. Matthew Luzzetti, chief US economist at Deutsche Bank, and others wrote that replacing Powell would not change the cost of interest on the Treasury's debt. Trump has repeatedly called for a 3 percentage point rate cut, saying it would save more than $1 t...
Internal and external attacks! Will Powell continue to mouth "eagle"? Gold oscillates endlessly, the European Central Bank may press the pause button for interest rate cuts, US and European PMI data will be released, and the earnings season will give US stocks a "shot in the arm"... Click to view...
Federal Reserve: At the invitation of the President of the United States, Powell met with the President at the White House today to discuss economic development, including growth, employment, and inflation.
Trump presses again to cut interest rates! How will Powell respond? Watch Powell's speech now > >
The Federal Reserve's interest rate decision is about to be announced. In the context of generally pricing to keep the policy rate unchanged, what is the point of the early morning meeting? Will Powell cause market turmoil again?
Some Fed watchers do not expect Mr. Powell to make a specific forecast for September, but rather to remind everyone that the Fed will now focus more on jobs because the job market is weakening. The Fed has a dual mandate to maintain price stability and full employment. The latter has become increasingly important as unemployment has risen, putting more pressure on the Fed to act. The unemployment rate rose to 4.3 per cent in July, its highest level since October 2021. Wilmington Trust Bond Inves...