Fed Governor Bowman says December interest rate cut should be the last

Fed Governor Bowman says December interest rate cut should be the last

Michelle Bowman, governor of the U.S. Federal Reserve, speaks during the Exchequer Club meeting in Washington, D.C., on Feb. 21, 2024. Kent Nishimura | Bloomberg | Getty Images Federal Reserve Governor Michelle... Read more »
How to rethink cash as Fed cuts interest rates: Top financial advisors

How to rethink cash as Fed cuts interest rates: Top financial advisors

The U.S. Federal Reserve cut interest rates in September, the first in a string of cuts expected at least into 2025. Earnings on cash are expected to decline as a result —... Read more »
Fed officials were divided on whether to cut rates by half a point in September, minutes show

Fed officials were divided on whether to cut rates by half a point in September, minutes show

WASHINGTON – Federal Reserve officials at their September meeting agreed to cut interest rates but were unsure how aggressive to get, ultimately deciding on a half percentage point move in an effort... Read more »
Fed rate cuts should favor preferred stocks, Virtus fund manager says

Fed rate cuts should favor preferred stocks, Virtus fund manager says

One financial firm is trying to capitalize on preferred stocks – which carry more risks than bonds, but aren’t as risky as common stocks. Infrastructure Capital Advisors Founder and CEO Jay Hatfield... Read more »
Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp

Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp

Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week’s meeting because inflation is falling even faster than he had expected. Citing recent data... Read more »
Cash savers still have an opportunity to beat inflation. Here’s how

Cash savers still have an opportunity to beat inflation. Here’s how

Riska | E+ | Getty Images It may be a while longer before the Federal Reserve lowers interest rates, experts now say. That means savers can still earn the best returns on... Read more »
Fed Governor Bowman says additional rate hike could be needed if inflation stays high

Fed Governor Bowman says additional rate hike could be needed if inflation stays high

US Federal Reserve Governor Michelle Bowman attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019.  Eric Baradat | AFP | Getty Images Federal Reserve... Read more »
Fed officials still expects rate cuts this year, but not anytime soon

Fed officials still expects rate cuts this year, but not anytime soon

Cleveland Federal Reserve President Loretta Mester said Tuesday she still expects interest rate cuts this year, but ruled out the next policy meeting in May. Mester also indicated that the long-run path... Read more »
Fed must cut rates more aggressively due to jobs: Canaccord Tony Dwyer

Fed must cut rates more aggressively due to jobs: Canaccord Tony Dwyer

The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity’s Tony Dwyer thinks a deteriorating jobs market and easing inflation will ultimately push... Read more »
Time running out for rate cuts, Jim Bianco warns before Fed meeting

Time running out for rate cuts, Jim Bianco warns before Fed meeting

The window for interest rate cuts may be closing. On the eve of the Federal Reserve’s two-day policy meeting, Wall Street forecaster Jim Bianco believes the central bank will likely stay on... Read more »
Nvidia rally fueling FOMO in overall market: Evercore’s Julian Emanuel

Nvidia rally fueling FOMO in overall market: Evercore’s Julian Emanuel

Evercore ISI’s Julian Emanuel thinks Nvidia’s monster rally is fueling a fear of missing out in the market. He finds clients, including many who traded through the dot-com boom and subsequent collapse,... Read more »
Watchdog critical of former Fed officials in stock trading controversy

Watchdog critical of former Fed officials in stock trading controversy

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch | Bloomberg | Getty Images A watchdog review into market trading... Read more »
Why 2024 will be ‘a very good year for savers,’ particularly with CDs

Why 2024 will be ‘a very good year for savers,’ particularly with CDs

Simpleimages | Moment | Getty Images Higher interest rates were good news in 2023 for savers who were able to earn the best rates on their cash in years. Even with the... Read more »
Bond yields surging to highest level in decades: Jim Bianco

Bond yields surging to highest level in decades: Jim Bianco

It’s a level not seen since George W. Bush was president. Wall Street forecaster Jim Bianco is predicting the benchmark 10-year Treasury note yield will hit 5.5% this year — its highest... Read more »
Big Short’s Steve Eisman worries investors are too bullish in 2024

Big Short’s Steve Eisman worries investors are too bullish in 2024

Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent... Read more »
The U.S. avoided a recession in 2023. What’s the outlook for 2024?

The U.S. avoided a recession in 2023. What’s the outlook for 2024?

Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois.  Scott Olson | Getty Images Heading into 2023, the predictions were nearly unanimous: a recession was... Read more »