New York Fed chief Dudley sees two risks ahead for interest rate policy
Uncertainties surrounding trade and the federal budget will be the main challenges for Federal Reserve policymakers, outgoing New York Fed President William Dudley said Wednesday. As he prepares to leave his position in June, Dudley said in a speech that...
Fed: U.S. economic growth on track despite tariff concerns
“Robust” business borrowing, rising consumer spending, and tight labor markets indicate the U.S. economy remains on track for continued growth, the Federal Reserve reported on Wednesday, with the risks of a global trade war the one big outlier. In its...
The so-called smart money has started to sell at the end of the trading day, a bad sign for this bull
The so-called smart money has recently started to bail on the stock market at the end of the trading day, a leading indicator the bull run may be over. Jack Ablin, chief investment officer at Cresset Wealth, explains: The Smart...
Goldman CEO supports Trump’s effort to ‘even out’ US-China trade
Goldman Sachs CEO Lloyd Blankfein said President Donald Trump’s increased pressure on China regarding trade is not necessarily a bad thing. “I think the kind of pressure that’s being put to bear is fine,” Blankfein told CNBC Wednesday. “I understand...
Sterling Lost Ground and CPI Trend Raises Doubt on BoE May Hike
Sterling is the biggest loser today after CPI missed market expectations. Most importantly, it’s the steep trend of slow down in inflation, from 3% in January to 2.5% in March that raised doubts on a BoE May hike. The Pound...
Goldman Sachs CEO Lloyd Blankfein: Economy looks ‘awfully good’ and should keep growing
The economy is in good shape now and appears to have some staying power, Goldman Sachs CEO Lloyd Blankfein told CNBC on Wednesday. Despite worries that the 9-year-old bull market in stocks is coming to an end, the banking chief...
US growth rate won’t be enough to control the deficit, economist warns
Growth is looking good now, but it won’t be enough to save the U.S. from its out-of-control budget deficit, one chief economist warned, joining a growing number of market observers concerned about government spending and debt. “An honest accounting finds...
UK inflation cools to 1-year low, raising questions over possible Bank of England hike in May
British inflation unexpectedly cooled to a one-year low in March, according to figures that may raise doubt over bets that the Bank of England will raise interest rates in May. Official data published on Wednesday showed annual consumer price inflation...
UK CPI and BoC to Guide the Markets as Sentiments Improved
Markets sentiments turned positive as there were now continuous flow of bad news. All three of DOW, S&P 500 and NASDAQ closed higher overnight, with NASDAQ scoring the best performance. Technically, all three have taken out 55 day EMA decisively...
As the senior population grows, aging is becoming a major investing theme
The demographic shift the world is going through presents a major trend that’s worth investing in, according to one expert. “Aging is, with no doubt, one of the strongest, one of the least cyclical, one of the most permanent trends...
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