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☆ Biden Is Still Losing. His Campaign Should Stop Acting Like He Isn’t. - The New York Times
▼ + stars: | 2024-05-01 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

In February, there was a flurry of discussion about whether Joe Biden’s advancing age and seeming weakness in a matchup with Donald Trump meant that he should step aside. “The Drumbeat for Biden to Step Aside Will Only Grow Louder” ran one headline from that period, from Robert Kuttner in the American Prospect. All it took was Biden giving a passable State of the Union address: Thereafter his poll numbers marginally improved, the optimists on the Democratic side seized the rhetorical initiative, and the “should Biden step aside?” discourse faded into background noise. But it’s also quite consistent; since last fall, both candidates are bouncing around within a very narrow range. ), because voters aren’t paying close attention yet (but don’t they already know both of the candidates quite well?

Persons: Joe Biden’s, Donald Trump, Biden, Nate Silver, Ezra Klein, Robert Hur, Robert Kuttner, Kuttner, Robert F, Kennedy Jr, it’s, he’s Organizations: Democratic, Trump, Electoral College Locations: Georgia, Michigan, Arizona , Nevada , Pennsylvania, Wisconsin

☆ How Wall Street makes money by predicting the Fed’s decisions
▼ + stars: | 2023-09-20 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

There, you will find a bar chart plotting the share of traders predicting a rate hike, cut or no change in interest rates at an upcoming meeting. Traders’ actions translate into interest rate decision probabilitiesWhen the Fed changes interest rates it’s actually changing what’s known as the federal funds rate target range. The federal funds rate is the interest rate banks charge each other to borrow money, and it impacts the interest rate consumers pay for a variety of loans, including some mortgages. But it wasn’t until 2013 that the CME Group launched the FedWatch tool, giving everyone access to the information without having to do complex calculations. Why the FedWatch Tool is so closely followedThe Fed’s interest rate decisions can have serious implications for your investments.

Persons: that’s, Jerome Powell, ” Powell, Agha Mirza, Mirza, ”, FedWatch, ” Mirza, Alex McGrath, Ben Bernanke, Ken Kuttner, Powell’s Jackson, Dow, Greg Daco, Daco, McGrath, ” McGrath Organizations: New, New York CNN, Federal, Chicago Mercantile Exchange, CME Group, CNN, Fed, Index, “ Investors, Williams College Locations: New York, EY

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