Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Powell's presser"


4 mentions found


Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell introduced a new risk of 'no landing' yesterday, says Roger FergusonFormer Fed Vice Chairman Roger Ferguson joins 'Squawk Box' to discuss the Fed's decision to leave rates unchanged, key takeaways from Fed Chair Powell's presser, rate path outlook, and more.
Persons: Powell, Roger Ferguson, Powell's presser
The first Fed rate cut probably isn't coming until June, according to Bank of America. Central bank chief Jerome Powell pushed back on hopes for a March rate cut on Wednesday. AdvertisementThe Fed's first rate cut is now unlikely to come in March after the central bank struck a surprisingly hawkish tone at Wednesday's Federal Open Market Committee meeting, according to Bank of America. Investors still see an aggressive pace of rate cuts by the end of the year, despite lowered hopes for a March cut. AdvertisementExperts have warned that Fed rate cuts could be a double-edged sword for the economy, particularly if the Fed cuts interest rates rapidly.
Persons: Jerome Powell, , Jerome Powell's presser, aren't, Powell, Jeff Gundlach Organizations: Bank of America, Service, Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors can expect 1-2 rate cuts in the second half of 2024, says Oppenheimer's John StoltzfusJohn Stoltzfus, Oppenheimer Asset Management chief investment strategist, joins 'Squawk Box' to discuss the Fed's rate decision, takeaways from Fed Chair Powell's presser, rate path outlook, and more.
Persons: Oppenheimer's John Stoltzfus John Stoltzfus, takeaways, Powell's presser Organizations: Oppenheimer Asset Management
Gold gains as Fed hints at pause in rate hikes
  + stars: | 2023-03-23 | by ( ) www.cnbc.com   time to read: +2 min
Pure 1,000-gram gold bars produced by South Korea's LS-Nikko are stacked in a dealers room in Seoul on January 9, 2009. Gold prices advanced on Thursday after the U.S. Federal Reserve hinted it was nearing a pause in its rate-hike cycle, making the safe-haven asset a more attractive bet in a future low interest environment. Spot gold was up 0.4% at $1,976.98 per ounce, as of 0406 GMT. Traditionally considered a hedge against inflation and economic uncertainties, gold prices jumped 2% on Wednesday after the Fed raised interest rates by an expected 25 basis points, and indicated it might pause further increases after the recent collapse of two U.S. banks. Spot silver slipped 0.4% to $22.94 per ounce, platinum added 1.1% at $988.61, while palladium lost 0.5% to $1,443.57.
Total: 4