After enduring a string of attacks on the Federal Reserve, Jerome Powell may now feel confident that the central bank is in good enough hands to step away…
Read more The Fed may have reassured Powell that it’s safe to leave the board early when a new chair takes over. ‘I think he’s done with this job’ | FortuneThe Federal Reserve’s early reappointment of its regional bank presidents took markets by surprise and eased concerns the central bank would soon lose its independence as President Donald…
Read more The Fed just ‘Trump-proofed’ itself with a unanimous move to preempt a potential leadership shakeup | FortuneIf the market doesn’t seem sure whether or not to expect a base interest rate cut next month, it’s not alone—members of the Federal Open Market Committee (FOMC)…
Read more Wall Street is on tenterhooks about the Fed’s ‘rare, genuinely suspenseful’ December meeting, because the committee itself doesn’t know what to make of the data—or of each other | FortuneFor Citadel CEO Ken Griffin, the political implications of still-elevated inflation are not lost on him. Inflation has come down a lot from 9% in 2022 to 2.9%…
Read more Ken Griffin has a warning for Trump and the GOP: ‘I would not underestimate how grating a 3% inflation rate could be’ on Americans | FortuneFederal Reserve Governor Lisa Cook is asking a U.S. appeals court to reject the Trump administration’s latest bid to remove her from her post ahead of the central bank’s…
Read more ‘The era of Fed independence would be over,’ Cook’s lawyers warn while asking court to reject Trump’s ouster bid | FortuneStock futures gained momentum on Sunday evening as investors brace for fresh inflation data and political turmoil overseas that could ripple through the bond market. That comes as…
Read more Dow futures rise as recession fears grow while Wall Street awaits the one thing that could derail Fed rate cutsAllianz chief economic advisor Mohamed El-Erian said the Federal Reserve is behind the curve in lowering rates now that the economy is slowing, just as it was tardy in hiking…
Read more The Fed got it wrong and is late again, top economist says, as job gains collapseThe next few weeks will give Wall Street a clear reading on whether this latest stock market rally will continue — or if it’s doomed to get derailed.…
Read more Stock market’s fate comes down to the next 14 trading sessionsAs President Donald Trump ramps up pressure on the Federal Reserve, the typically staid, consensus-driven institution could take on some qualities of the more bitterly divided Supreme Court.…
Read more The Federal Reserve could start resembling the Supreme CourtWith U.S. debt now at $35.3 trillion, the cost of paying the interest on all that borrowing has soared recently and now averages out to $3 billion a…
Read more U.S. debt is so massive, interest costs alone are now $3 billion a dayRobust global economic growth may offer equities enough support to resume a record-breaking rally, even if bets on Federal Reserve interest rate cuts this year are completely abandoned.…
Read more Who needs Fed rate cuts? Stocks can rally without them, Wall Street bulls sayIt’s been 30 years since the commercial real estate market was this bad—and that represents a generational entry point for investment, according to a top developer. The hybrid-work…
Read more Offices are ‘once in a generation’ buying opportunities, top developer saysWhile many on Wall Street are pining for a cut to the base rate from the Fed, Bank of America CEO Brian Moynihan seems relatively relaxed about when—or…
Read more Bank of America CEO Brian Moynihan isn't worried if rates don't come down—for the bank that could even be a 'good thing'Topline Speaking at the Forbes 30/50 Summit in Abu Dhabi on Monday, famed stock picker Cathie Wood of Ark Invest sharply criticized passive investing and touted disruptive innovation…
Read more Ark’s Cathie Wood Says Passive Investing Sparked The ‘Most Massive Misallocation Of Capital In The History Of Mankind’
