Jay Powell

Stock Market Today: Dow, S&P Live Updates for December 13

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Stock Market Today: Dow, S&P Live Updates for December 13

Wall Street is gearing up for what’s expected to be the most-important Federal Reserve decision of the year, with traders awaiting any signals on whether the market’s aggressive dovish bid is now overdone. Stocks, bonds and the dollar saw mild moves amid bets the Fed will hold rates Wednesday and try to put a lid … Read more

World Economy Latest: Powell Sets Up Space for Cutting, Not Easing

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World Economy Latest: Powell Sets Up Space for Cutting, Not Easing

I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the Fed’s shifting perspective on interest rates. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so … Read more

Stock Markets Today: Federal Reserve Rates, Sunak Cuts, Bitcoin $40,000, Gold

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Stock Markets Today: Federal Reserve Rates, Sunak Cuts, Bitcoin $40,000, Gold

Good morning. Jerome Powell fails to temper animal spirits in the bond market, Bill Gates says the Paris Agreement climate goals are probably beyond reach, and Bitcoin hits $40,000. Here’s what people are talking about. Bond traders are growing more confident the Federal Reserve has reached the peak of its rate-hiking cycle, even as central … Read more

Stock Markets Today: Oil price, Tiger Global, Stellar US stocks, HPS Investment

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Stock Markets Today: Oil price, Tiger Global, Stellar US stocks, HPS Investment

Good morning. Oil holds drop amid vague output cut plan by OPEC+, it was a strong month for US stocks and HPS Investment confidentially filed for IPO. Here’s what people are talking about. Oil steadied after tumbling on Thursday following an OPEC+ meeting that promised further output cuts but was hazy on the details. The … Read more

Stock Market Today: Dow, S&P Live Updates for December 1

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Stock Market Today: Dow, S&P Live Updates for December 1

Wall Street turned a blind eye on Jerome Powell’s attempt to curb bets on rate cuts, with stocks and bonds climbing on speculation the Federal Reserve will stay put this month and ease policy in 2024. While the Fed chief said officials are ready to hike further if needed, he also noted policy is “well … Read more

End of Taylor Swift-Barbenheimer Services Boom Will Please Fed

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End of Taylor Swift-Barbenheimer Services Boom Will Please Fed

For much of the past two years, the US economy’s extraordinary resilience has revolved around demand for services. That’s been a zombie narrative that’s refused to die a tidy death — perhaps until now. Despite a cooling in some services spending in early 2023, the category caught a second wind thanks, in part, to Taylor … Read more