The U. S. Treasury Secretary, Scott Bessent, recently shared his thoughts on the Federal Reserve's approach to managing interest rates. He believes the current system is too complex and needs a major overhaul. According to Bessent, the Fed's strategy for controlling interest rates has become overly complicated and is showing signs of strain. The Fed's approach invol...
The September jobs report, delayed by the government shutdown, is now out. It's a big deal for the Federal Reserve as they decide on interest rates. The shutdown, the longest ever, held up many important reports. Some won't even come out until after the Fed's decision. The Fed has other data to look at, like retail sales and job turnover stats. But the missing gover...
Tech stocks are having a rough time lately. Big names like Tesla, Palantir, and Nvidia are seeing their stock prices drop. This isn't just a small dip—it's a noticeable decline. Tesla's shares fell by 6. 64% on Thursday. And it didn't stop there. The drop continued into Friday's after-hours and premarket trading, with an additional 4. 78% decrease. Palantir, a comp...
The chances of a December interest rate cut by the U. S. Federal Reserve are looking shaky. Right now, less than half of the investors think it's going to happen. This drop in confidence is making waves in the crypto market, which is already feeling the heat. Just a few weeks ago, the odds were much better, with nearly 67% betting on a cut. But things change fast. B...
The stock market had a wild ride on Friday. It started with a big drop but then bounced back. The S&P 500, which tracks a big chunk of the market, ended the day with a tiny loss. The Nasdaq, home to many tech giants, actually finished in the green. The Dow Jones, however, took a bigger hit, though not as bad as it looked earlier. Nvidia, the star of the AI world, wa...
Bonds have been on a winning streak this year, defying worries about inflation and high government debt. Intermediate-term corporate bonds are leading the charge, with gains of 8. 5% so far. This is a big jump from last year's 3. 2% increase. Even the broader bond market is up 6. 7%, making it the best year since 2020. Short-term Treasuries are the only ones lagging...
Raphael W. Bostic, the president of the Federal Reserve Bank of Atlanta, has announced his departure at the end of February. This move leaves another spot open at the top of the central bank, adding to the recent changes in leadership. Bostic has been in this role since 2017, and his exit comes at a time when the Fed is under pressure from the White House to cut inte...
Extending mortgage terms to 50 years might seem like a helpful solution for those struggling with high housing prices. On the surface, it appears beneficial: monthly payments decrease by approximately $119. However, the downside is significant: the total interest paid nearly doubles over time. This is a substantial compromise. Consider this: paying more in interest ...
The Bank of England has decided to keep interest rates at 4%, a choice made by a very small margin. The panel thinks inflation, which is how fast prices go up, has reached its highest point. But they want to see more proof before they lower rates. The governor, Andrew Bailey, is in a tough spot. He needs to decide if he's going to be like Santa and cut rates or like ...
Japan's finance minister, Satsuki Katayama, has been keeping a close eye on the yen's wild ride. The yen has been dropping fast, hitting around 154 per U. S. dollar. This isn't just a small dip; it's a big, quick fall. Katayama says the government is watching this closely, especially the wild swings and the role of speculators. Katayama wasn't too happy about the ra...