The Weekly Bottom Line: Delta Variant Dims The Outlook
U.S. Highlights Markets had to wait until Friday for the main event, Fed Chair Powell’s Jackson Hole remarks. In his speech, he provided a clear signal that as long as the economy continues to make progress, the Fed will begin...
Week Ahead: Jackson Hole Fallout and the Importance of Non-Farm Payrolls this Week
Traders waited months for Jerome Powell’s speech at the Jackson Hole Symposium on Friday. Would he announce the Fed will begin tapering? The answer was a resounding no, and with no mention of a timeline, except that it could happen...
Stocks making the biggest moves midday: Dell, Peloton, Workday and more
Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Peloton – Shares...
Powell’s benign view on inflation is getting pushback at the Fed, and elsewhere
American Peterbilt truck on trucking route Interstate 10 in Louisiana. Tim Graham | Getty Images Federal Reserve Chairman Jerome Powell’s conviction that the inflation winds whipping through the U.S. economy this year soon will subside is not universally shared. In...
Week Ahead – Action Packed End to Summer
Country US Now that Jackson Hole is over, the focus shifts back onto the economic recovery. Investors will pay close attention to every data point that can give possible insights into the labour market recovery and if pricing pressures continue...
Fed Chair Powell on the Economy and Tapering
At the Federal Reserve Bank of Kansas City’s Jackson Hole Symposium, Federal Reserve Chair Jay Powell gave a much anticipated speech titled, Monetary Policy in the Time of Covid. Markets were looking for a signal that a tapering of the...
Forward Guidance: Canada GDP to Show Recovery Accelerated in June ahead of Delta Wave
Economic activity bounced back in June from COVID’s spring wave, this week’s Canadian GDP data should confirm. We’re tracking a 0.8% increase in June GDP—slightly above Statistics Canada’s early estimate of 0.7%. That would retrace the declines posted in April...
Powell Underwhelming US Dollar, EUR/USD Levels to Watch
After 24 hours our hawkish Fed speakers, which seemed to be setting up Powell for the easy lay-up, Powell took a 180 degree turn and continued to talk about needing to reach maximum employment and and how inflation is transitory. ...
Powell sees taper by the end of the year, but says there’s ‘much ground to cover’ before rate hikes
Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin withdrawing some of its easy-money policies before the end of the year, though he still sees interest rate hikes off in the distance. In a...
Fed’s Kaplan is worried about inflation and risk-taking, and wants to announce taper in September
Dallas Federal Reserve President Robert Kaplan would like to see the central bank announce next month that it will begin tightening its policy reins. Among his reasons is a general belief that the economy can withstand a little less help...
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