There’s something of a ritual performed each time Federal Reserve Chair Jerome Powell speaks to the press: A reporter asks Powell about financial conditions; he says they’ve tightened a lot; the Wall Street crowd snickers.
Data Suggest More Fed Hikes. Why the Tech, Crypto Rally Makes No Sense.
There’s a mystery developing in markets.
Wholesale inflation surges 0.7% in January, more than expected as high prices persist
Inflation at the wholesale level rose faster than expected in January as stubbornly high producer prices persist, the Labor Department said Thursday.
A potential stock-market catastrophe in the making: The popularity of these risky option bets has Wall Street on edge
‘It’s like picking up pennies in front of a steamroller’
The ‘Mother of All Bubbles’ Has Popped. This Strategist Sees a Fed-Fueled Recession in 2023.
If you think the Federal Reserve wouldn’t dare keep interest rates high and risk throwing the U.S. economy into recession, Keith McCullough would like to have a chat with you. He’s convinced that 2023 will bring a U.S. corporate profit recession and a credit crunch as businesses struggle to obtain financing and pay down debt. Like many market analysts, the CEO of Hedgeye Risk Management spent much of 2022 criticizing the U.S. central bank for allowing inflation to get out of hand, and then
‘Imminent’ earnings recession could tank US stocks, Morgan Stanley warns
Morgan Stanley analyst Michael Wilson sees the bear market ending later this year as inflation fades and the Fed pauses its interest rate-hike campaign.