Fed minutes October 2023:
Jerome Powell, chairman of the US Federal Reserve, arrives to a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, March 22, 2023. …
Interest Rates
Housing industry urges Powell and Fed to stop raising interest rates
New homes under construction in Miami, Florida, Sept. 22, 2023. Joe Raedle | Getty Images Top real estate and banking officials are calling on the Federal Reserve to stop raising …
Powerball jackpot hits $1.55 billion. Why cash prize fell last week
The Powerball jackpot has climbed to an estimated $1.55 billion after no one matched the winning numbers Saturday night — and there were some dramatic swings in the cash prize …
Consumers buckling for first time in decade: Former Walmart U.S. CEO
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting …
10-year yield returns near 16-year high after jobs report
U.S. Treasury yields rose Friday, with the 10-year nearing a 16-year high after the latest jobs data came in stronger than economists anticipated. The yield on the 10-year Treasury was …
20% stock market plunge ahead, recession
JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks …
10-year Treasury yield falls slightly ahead of Friday’s jobs report
Long-duration Treasury yields rose again on Thursday as investors awaited a key jobs report to gauge the path of monetary policy. The yield on the 10-year Treasury slipped 2 basis …
Something is breaking in financial markets: What’s behind the sell-off
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, September 28, 2023. Brendan McDermid | Reuters That cracking sound in financial markets isn’t …
investors assess interest rate, economic outlook
Traders watch prices in the Ten-Year Treasury Note options pit at the CME Group. Getty Images U.S. Treasury yields were little changed Wednesday, with the 10-year Treasury yield trading around …
Bond yields could race through 5%, market forecaster Jim Bianco warns
Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through 5% in the next couple of weeks. “I don’t think we’re near …