Markets Week Ahead: Dow Jones, Nasdaq 100, Gold, US Dollar, Crude Oil, Fed, Powell

The DAX 40 and FTSE 100 sank -4.28% and -5.33%, respectively. On wall street, the Dow Jones fell -0.15%, but the tech-heavy Nasdaq soared 4.41%. Meanwhile, the price of WTI crude oil collapsed 13.55% last week, the most since February 2020.
#Fed #DowJones #Nasdaq #News #Business #Markets

16 hours ago

Fed poised for quarter-point rate hike next week, despite turmoil

A consensus has emerged that jerome Powell and his fellow central bankers will want to signal that it's important to continue the fight to bring down inflation. The outlook could change depending on market behavior in the coming days, but the indication is for the Fed to hike.
#Powell #Fed #News #Business #Markets

2 days ago

Cramer: Banking crisis is fighting inflation for Powell and the Fed

If inflation remained strong, he expected rates to go higher than previously anticipated. It seemed like a 50 basis point rate hike was coming until the collapse of Silicon Valley Bank, Cramer said.
#Cram #Fed #News #Business #Economy

3 days ago

Bitcoin Surges Above $22K as Powell's Congressional Testimony Boosts Market Sentiment

The central bank has yet to make a decision on the size of the rate hike. Powell's remarks marked a notable change from Tuesday's Senate testimony. He suggested the Fed was likely to hike rates by 50 basis points at the upcoming FOMC meeting.
#Powell #MarketsNews–IndiaTV #News #Business #Markets

1 weeks ago

No exit ramp for Fed's Powell until he creates a recession, economist says

The federal reserve cannot disrupt its cycle of interest rate increases until the nation enters a recession. 'til unemployment goes up, and that is when the Fed rates will stop being hiked,' said TS Lombard Chief U.S. Economist Steven Blitz.
#Powell #Fed #News #Business #Markets

1 weeks ago

Powell’s comments unleash unsettling volatility

Jerome Powell fueled considerable volatility in markets that could risk both economic well-being and financial stability. It highlights repeated policy slippages but also the lack of important structural and strategic underpinnings at the Fed. The central bank has become overly data dependent, leading to overshoots.
#Powell #Fed #News #Business #Markets

1 weeks ago

Dollar subdued ahead of Powell testimony

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#Dollar #News #Business #Markets

1 weeks ago

Morning Bid: RBA set to raise rates and Powell to the people

Hawkish remarks from u.s. Federal reserve chair jerome Powell on tuesday. Investors in Asia have a slew of potentially market-moving indicators on the docket. The main event in Asia will be the expected quarter point rate hike from the RBA.
#Powell #RBA #Asia #News #Business #Markets

1 weeks ago

Oil Gains Despite China’s Soft GDP Target, Gold Mixed as Markets Await Powell

Gold wobbled, oscillating between small gains and losses around the $1,855 mark as traders avoided taking large directional positions as a precautionary measure. If Powell embraces a hawkish posture in response to sticky inflationary pressures, traders are likely to reprice higher the path of the ongoing tightening cycle, creating headwinds for rate-sensitive assets.
#Powell #China #News #Business #Markets

1 weeks ago

Stocks Rise at Start of Busy Week for Wall Street: Markets Wrap

The stock market continued to rebound as Treasury yields stabilized. Near-term strength is the growing perception that the Fed peak rate arguably won't be much higher than what’s already been priced in by markets. A double-day dose of Fed Chair Powell before Congress will set expectations for the next policy meeting later this month.
#Powell #Treasury #WallStreet #News #Business #Markets

1 weeks ago

Why sesnex is falling today?: Bulls on back foot ahead of Powell's speech; Sensex falls 550 points - The Economic Times

Benchmark equity indices opened lower on Tuesday, dragged by losses intwins and IT stocks. The BSE Sensex was trading 562 points or 0.93% lower at 60,184. Nifty50 slipped to 17,949, down 151 points or 0.8% at around 10.48 am.
#Powell #Sensex #News #Business #Markets

2 months ago

Opinion: Opinion: History shows Powell won't have to hammer the economy like Volcker did - MarketWatch

George Santayana: Those who misremember the past may be led into error by misreading history. Many observers of the Federal Reserve’s current policy predicament—which...WHich...MAy be misread history, he says. Many of the Fed's current policy woes are a result of misreading the past, he writes.
#GeorgeSantayana #FederalReserve #News #Business #Economy

3 months ago

Tom Cruise urged Glen Powell to 'lean into the douchebaggery of it all' while filming Top Gun: Maverick

Tom Cruise helped pilot Glen Powell land the movie's explosive ending in Top Gun: Maverick. Powell portrayed bad boy naval aviator Jake 'Hangman' Seresin in the Top Gun sequel. Powell also starred in Devotion, based on the true story of Jesse Brown (portrayed by Jonathan Majors)
#TomCruise #TopGunMaverick #TopGun #News #Entertainment #Movies

3 months ago

Glen Powell shares Tom Cruise's advice while filming Top Gun: Maverick

Tom Cruise helped Glen Powell land the movie's explosive ending in Top Gun: Maverick. Powell portrayed bad boy naval aviator Jake 'Hangman' Seresin in the Top Gun sequel. The actor said Cruise convinced him to take on two big aviation projects this year.
#GlenPowell #TopGun #Maverick #News #Entertainment #Movies

3 months ago

Markets extend record-breaking rally on Powell's comments

S&P BSE Sensex rose 0.77% to a record high of 63,583.07. NSE Nifty 50 index gained 0.69% to hit fresh a record of 18,887.50. Fed Chair Jerome Powell hinted at slowing the pace of interest rate hikes as soon as December.
#Powell #S&PBSESensex #News #Business #Markets

3 months ago

Stocks gain ground, Treasury yields pull back after Powell statement

Federal Reserve Chair Jerome Powell said the central bank could slow the pace of interest rate hikes as soon as December. Powell warned that the fight against inflation was far from over and that key questions remained unanswered, including how high rates will ultimately need to rise, and for how long. The Dow Jones Industrial Average rose 737.24 points, or 2.18%, to 34,589.77.
#Powell #Treasury #DowJonesIndustrialAverage #News #Entertainment #Tv

3 months ago

Dollar dips as jobs growth disappoints before Powell speech

The dollar index has fallen to 106.39 from a 20-year high of 114.78 on Sept. 28. The euro rose 0.51% against the U.S. Currency to $1.0381. The Aussie jumped, meanwhile, on hopes that China will ease stringent COVID-19 restrictions which have raised concerns about global growth.
#Powell #Aussie #China #News #Entertainment #Tv

3 months ago

S&P 500 ends down as Apple dips and traders eye Jerome Powell speech

S&P 500 ended down on Tuesday, with losses in Apple and Amazon ahead of an upcoming speech by Federal Reserve Chair Jerome Powell. Powell is due to speak at a Brookings Institution event on Wednesday about the outlook for the U.S. Economy and the labor market. Investors will be looking for clues about when the Fed will slow the pace of its aggressive interest rate hikes.
#JeromePowell #Apple #500 #News #Business #Markets

3 months ago

What will the Fed do next? Follow the economy, not what Jerome Powell says

Investors are paying way too much attention to what Powell and other Fed members are saying about the economy. The Fed is still data dependent, meaning it will set policy based on the performance of the job market, inflation, consumer spending and other factors.
#JeromePowell #Fed #News #Business #Economy

4 months ago

5 things to know before the stock market opens Wednesday, November 2

Investors will be locked in to hear what the Fed and Chairman will say about their next course of action with the job market and the economy still running hot. Analysts expect Powell will avoid trying to create too much excitement for a slowdown in rate hikes beginning in December. The stock is down nearly 42% so far this year, falling to its lowest point since April 2020.
#Powell #Fed #News #Business #Markets

4 months ago

EUR/USD Outlook: 0.9850 Support Holds Firm as Markets Await Clarity

EUR/USD KEY POINTSEUR/USD Finds Support at 0.9850 Area. The strategy get my guideEUR staged a decent 40 pip rally at the European open. Investors will focus on comments from Fed chair Powell as they look ahead to December.
#Powell #USD #European #News #Business #Markets

4 months ago

Us fed meet today: US Fed meet outcome tonight: Will Powell keep the bulls’ spirit high or be a party spoiler? - The Economic Times

A 75-basis-point hike in federal funds rate would be the fourth consecutive time the central bank is hiking rates by that quantum. Investors across the globe would look for a guiding path on rates for the rest of the year and for 2023. Incoming data will remain critical for policy trajectory.
#Powell #USFed #News #Business #Markets

4 months ago

Julie Powell, food writer of 'Julie and Julia,' dies at 49

The 49-year-old died of cardiac arrest at her home in upstate new york. Powell became an internet darling after blogging about making every recipe in Julia Child’s cookbook.
#JuliePowell #HindustanTimes #News #Entertainment #Movies

4 months ago

Markets Will Get 'Fed up' With Rate Hikes As Powell Has Volcker-Like Resolve

The current Fed's campaign to tackle inflation also drew comparisons to the one engineered by former Fed Chair Paul Volcker. The typical lag between a strong change in monetary policy and effects on the economy will be longer than usual, he said.
#Powell #News #Business #Markets

5 months ago

Wharton's Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history - MarketWatch

Jeremy Siegel argued the Fed made a massive policy mistake last year by not moving to tighten monetary policy before inflation got out of hand. He mocked the Fed and Powell for insisting inflation would quickly fade on its own. Siegel said the central bank is making working- and middle-class Americans pay with what he expects will be a punishing recession.
#JeremySiegel #Fed #Americans #News #Business #Economy

5 months ago

Cramer: Investors betting short term will miss out when Powell ‘wins’

The short-term camp is made up of people who either can't handle any pain or don't believe in [Fed Chair Jerome] Powell and want to get out. The Fed raised interest rates by 75 basis points on Wednesday and signaled it will continue its aggressive campaign against inflation.
#Jerome #Fed #News #Business #Markets

5 months ago

Jerome powell: Powell cautions against 'prematurely' lowering rates - The Economic Times

The historical record cautions strongly against prematurely loosening policy. He said there is no room for complacency and the Fed will keep at it until the job is done.
#Powell #Fed #News #Business #Economy

5 months ago

Fed's Powell: Inflation can be tamed without "very high social costs" By Reuters

The federal reserve is strongly committed to controlling inflation. There remains hope it can be done without the very high social costs. Former Fed chair Paul Volcker was trying to uproot years of rising inflation expectations.
#PaulVolcker #Fed #News #Entertainment #Tv

6 months ago

Powell says Fed will act ‘forthrightly’ until inflation job done

Central bankers are raising interest rates rapidly to curb the hottest inflation in four decades. They next meet on sept. 20-21 and Powell has kept the option open for another 75 basis-point move. Economists surveyed by Bloomberg forecast an 8.1% rise for the 12-month period versus 8.5% in July.
#Powell #Bloomberg #News #Entertainment #Tv

6 months ago

Powell: Fed to Act "Strongly" to Bring Down Inflation By

Jerome Powell vowed to press on with the central bank's fight to cool down red-hot inflation. He said the longer remains above the Fed's 2% target, the greater the risk that the public does begin to see higher inflation as the norm. His comments come after he pledged to keep at until the job is done.
#Powell #Fed #News #Entertainment #Tv

6 months ago

Ecb: Dollar resumes climb in Asia as Powell speech, ECB loom - The Economic Times

The euro slipped 0.21% to $0.9987, after plumbing a 20-year low of $0.9864 earlier in the week. Money markets lay 79% odds that the Fed will hike by another 75 basis points at this month's meeting.
#Powell #Fed #Asia #News #Business #Markets

6 months ago

Gold drops 0.8% as US dollar shines on Powell's rate hike warning

Gold was down 0.8% at $1,723.29 per ounce by 0923 GMT. The dollar index scaled a 20-year high, making greenback-priced bullion more expensive for overseas buyers. Gold is expected to remain suppressed as long as believe the idea for a dovish pivot by the Fed remains premature.
#Powell #Fed #News #Business #Economy

6 months ago

2-year Treasury yield hits highest level since 2007 as bond selloff continues - MarketWatch

Treasury yields continue to climb on Monday, with the 2-year reaching levels not seen since November 2007. Jerome Powell said the central bank’s “overarching” goal was to bring inflation back to its target of 2%. The remarks disappointed investors who had been hoping Powell might offer signs of a pivot.
#JeromePowell #Treasury #News #Business #Markets

6 months ago

Morning Bid: Powell steals summer punchbowl

Jerome Powell's basic message was that the Fed would not flinch in tightening credit to rein in inflation, even at the onset of recession. Some pain was likely and, however high interest rates needed to go, they would not come back down quickly. Despite forecasts for another bumper monthly U.S. Employment report later this week.
#JeromePowell #Fed #News #Business #Economy

6 months ago

Gold hits 1-month low as dollar firms, Powell signals high interest rate

Gold prices hit a more than one-month low on monday. The dollar index scaled a 20-year high, making greenback-priced bullion expensive for those holding other currencies. Gold is likely heading towards $1,700 and has room to go to $1,680.
#Powell #BusinessStandardNews #News #Business #Economy

6 months ago

Gold Price Forecast: XAU/USD eyes daily close below $1,738 to extend Powell-led downtrend

Gold price extends the previous sell-off as US dollar strength remains unabated. US two-year yields jump to the highest level since November 2007 to near 3.50% while benchmark 10-year rates challenge two-month highs above 3.10% Higher yields reduce the attractiveness of non-yielding gold.
#Powell #News #Business #Economy

6 months ago

First Mover Asia: Bitcoin Falls to $19.6K as Investors Continue to Mull Fed Chair's Comments

"they won’t want to be remembered as the central bank that missed inflation or even spurred inflation higher," says the head of market strategy at Mediolanum International Funds. The likelihood of recession is rising, because that’s the solution to the inflation problem. Powell is not budging on restrictive policy and that should mean the economy will steadily weaken going forward.
#Powell #MediolanumInternationalFunds #Asia #News #Business #Markets

6 months ago

Uday Kotak expects Fed Chair Jerome Powell to ‘break the back of’ US inflation

Uday Kotak took note of Federal Reserve Chairman Jerome Powell's signal that the Central bank would raise interest rates further to tame sky-high inflation. Powell has cautioned that when the Fed raises interest rates to combat excessive inflation, Americans will experience a difficult period of poor economic growth and possibly increased unemployment.
#UdayKotak #FederalReserve #Americans #News #Business #Economy

6 months ago

Rupee set to test fresh lows as Powell dispels hopes of softer Fed

Business standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger.
#Powell #Fed|BusinessStandardNews #News #Business #Markets

6 months ago

At Jackson Hole, leading central bankers present a hawkish message

The hawkish Powell announced a third rate hike of 75 basis points (bps) in September, preparing the Indian markets for another rate increase at the next monetary policy meeting. Analysts say the economy will experience some pain in the coming months.
#Powell #Indian #JacksonHole #News #Business #Markets

6 months ago

Is the stock market ready to buy Fed Chair’s inflation message?

The stock market took Powell’s message seriously and the Dow Jones Industrial Average fell by 3% or around 1,008 points to a level of 32,283. The size of a central bank’s balance sheet has burgeoned over the years.
#Powell #FedChair #DowJonesIndustrialAverage #News #Business #Markets

6 months ago

How Indian stock markets may react on Monday after Fed chief comments spark selloff

Indices tumbled after Powell said the Fed will likely need to keep interest rates high enough to slow the economy for some time in its effort to tame inflation. Weak global cues may put a temporary break to rally in the Indian stock market, as per analysts.
#Powell #Fed #Indian #News #Business #Markets

6 months ago

Dollar volatile after Fed's Powell comments on inflation

The dollar index was last at 108.56, up 0.09% on the day, after falling to 107.54 earlier on Friday. It is down from a five-week high of 109.27 on Tuesday. The euro rose 0.18% to $0.9989.
#Powell #Fed #News #Business #Economy

6 months ago

Stock market news live updates: Stocks gain ahead of Powell's Jackson Hole speech

Central bankers from across the globe convened for the federal reserve's highly-anticipated Jackson Hole economic symposium. The s&P 500 jumped 1.4% after the index snapped a three-day losing streak in the previous session, and the tech-heavy Nasdaq Composite rallied 1.7%. Economists tuned in to the meeting in Wyoming for clues on the pace and magnitude of their rate-hiking plans for the rest of this year.
#Powell #500 #Nasdaq #JacksonHole #News #Business #Markets

6 months ago

Asian markets mostly higher as markets await Friday's speech from Fed's Powell - MarketWatch

Trading was delayed in Hong Kong for a storm, while Shanghai shares were virtually unchanged in morning trading. Analysts say share prices were likely to sway for some time, regardless of whether the focus was on controlling inflation or recession risks. A wait-and-see mood has set in over recent sessions as markets wait for signs from the Fed.
#Fed #Asian #HongKong #News #Business #Economy

6 months ago

Asian markets gain, investors anxious for US rate hike clues

A hawkish message from FOMC Chair Powell at Jackson Hole will likely keep upward pressure on the US dollar in the run?. The monetary policy conference is due to start on friday.
#Powell #FOMC #JacksonHole #News #Business #Markets

6 months ago

Gold range-bound as investors wait for Fed chair's speech at Jackson Hole

Spot gold rose 0.2% to $1,751.16 per ounce by 0854 GMT, trading in a $9 range. U.S. Federal Reserve Chair Powell to speak at central bankers' symposium at Jackson Hole later this week. Any dovish turn on the outlook for interest rates could lift bullion.
#Powell #FederalReserve #JacksonHole #News #Business #Economy

6 months ago


Federal Reserve Chair Jerome Powell is scheduled to speak at the Fed’s annual conference in Wyoming this weekend. Powell isn’t likely to say definitively either way in his speech, but investors will be reading between the lines for clues. Palo Alto Networks (NASDAQ: ) shares rose 11% after it and announced a stock split 3 for 1.
#JeromePowell #FederalReserve #JacksonHole #Wyoming #News #Entertainment #Tv

6 months ago

West Indies vs Bangladesh: Powell and King hit fifties as hosts grab T20I series lead with 35-run win - Firstcricket News, Firstpost

Rovman Powell scores 61 not out off 28 balls as West Indies beat Bangladesh by 35 runs. Brandon King hits 57 from 43 deliveries in Dominica victory. West Indies lead the series 1-0 following rain-ruined opening fixture. Final match takes place on Thursday with Bangladesh needing to win to share the honours.
#Powell #FirstcricketNews #WestIndies #Sports #TeamSports #Cricket

8 months ago