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☆ Fed's Mester cheered by CPI, but says big risks remain on inflation
▼ + stars: | 2022-11-10 | by ( Michael S. Derby | ) www.reuters.com time to read: +2 min

She also isn’t sure how far the Fed needs to go with pushing rates higher, saying that depends on what happens with inflation, which remains high. Mester said the Fed faces a challenging trade-off between lifting rates too much or too little. The report drove many analysts to speculate that inflation trends are finally starting to moderate. Mester said the news was good on the inflation data but it’s just the start of what’s needed. Mester reiterated that market volatility and broader economic pain could result from the Fed’s efforts to bring inflation down.

☆ Morning Bid: Polls and prices
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike Dolan. Chinese stocks continued last week's tentative recovery, however, despite officials throwing cold water on any early end to draconian COVID lockdown policies. Some correction of the market's severe underperformance this year was about the only cogent reason given for the ongoing stock bounce. European Central Bank President Christine Lagarde and ECB board member Fabio Panetta both speak. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Jim Cramer's week ahead: Get ready to 'pounce' when the market is oversold
▼ + stars: | 2022-11-04 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Monday: BioNTech, Take-Two InteractiveBioNTechQ3 2022 earnings release at 5 a.m. AMC EntertainmentQ3 2022 earnings release at 4:15 p.m. ETProjected loss: $1.14 per shareProjected revenue: $871 millionCramer said that his Charitable Trust is sticking with the stock. ETProjected loss: 29 cents per shareProjected revenue: $1.45 billionMatterportQ3 2022 earnings release after the close; conference call at 4:30 p.m. ToastQ3 2022 earnings release at 4:05 p.m.

☆ Midterms could be a positive catalyst for stocks as investors await next big inflation report
▼ + stars: | 2022-11-04 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

There are two big hurdles for markets in the week ahead - another potentially hot consumer inflation report and the Congressional midterm elections. "100% of the time, the S & P 500 has been up 12 months after the midterm election." Midterm rallies Stocks tend to gain in the final months of midterm election years, and strategists have been expecting the market to move higher. CFRA Chief Market Strategist Sam Stovall said even when interest rates are climbing, the midterm election has been a catalyst for stocks. He examined market performance in other midterm election years when interest rates were going up.

☆ Premarket stocks: A spooky forecast for the future of interest rates
▼ + stars: | 2022-10-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN Business —When will central banks stop raising interest rates? This week, the Federal Reserve is expected to increase rates by 75 basis points for the fourth time in a row. For some time, it was thought that 2023 would bring lower interest rates and a return to dovish monetary policy. Even the Federal Reserve appears confused about when it will stop rate hikes. A possible answer: Wall Street tends to favor big events, but the future of central bank policy may be more nuanced.

☆ Analysis: As markets fret, Fed officials reject idea of rising financial stability risks
▼ + stars: | 2022-10-13 | by ( Michael S. Derby | ) www.reuters.com time to read: +6 min

Tobias Adrian, the International Monetary Fund's monetary and capital markets director,wrote on Tuesday that financial stability risks have risen "substantially." Fed officials have lifted the federal funds rate from near-zero levels in March to the current range of between 3.00% and 3.25%. Financial markets expect the Fed to raise the rate again by three-quarters of a percentage point at its next policy meeting in November. More rate rises are very likely after that, with central bankers penciling in a 4.6% federal funds rate by some point in 2023. Making financial conditions more restrictive is key to how monetary policy operates.

☆ Dollar at 24-year peak to yen as U.S. yields jump; sterling on the ropes
▼ + stars: | 2022-10-12 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

The Japanese currency is particularly sensitive to the gap between U.S. and Japanese long-term bond yields. Japanese officials staged their first yen-buying intervention since 1998 on Sept. 22, when the yen tumbled to as low as 145.90 per dollar. Sterling slipped 0.13% to $1.0947, and earlier touched $1.09385, marking a fresh low since Sept. 29, following the comments by the BoE governor. Gilt yields soared on Tuesday, lifting yields in the U.S. and elsewhere. The New Zealand dollar was 0.21% lower at $0.5570, approaching the previous day's low of $0.5536, a level not visited since March 2020.

☆ Oil prices extend decline on recession fears, China COVID curbs
▼ + stars: | 2022-10-12 | by ( Isabel Kua | ) www.reuters.com time to read: +3 min

SINGAPORE, Oct 12 (Reuters) - Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China. Register now for FREE unlimited access to Reuters.com RegisterThe International Monetary Fund on Tuesday cut its global growth forecast for 2023 and warned of increasing risk of a global recession. A stronger dollar makes dollar-denominated commodities more expensive for holders of other currencies and tends to weigh on oil and other risk assets. "Hotter-than-expected data may again tip investors’ sentiment over the edge, which will intensify the current recession fears, pressing on oil prices further," Teng said. The oil market is also being pressured by tightening COVID-19 curbs in China, the world's second-largest oil consumer.

☆ Oil prices extend decline on recession fears, China Covid curbs
▼ + stars: | 2022-10-12 | by ( ) www.cnbc.com time to read: +3 min

Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at night in Tuapse, Russia. Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening Covid-19 curbs in China. Brent crude futures fell 51 cents, or 0.5%, to $93.78 a barrel by 0033 GMT. "Hotter-than-expected data may again tip investors' sentiment over the edge, which will intensify the current recession fears, pressing on oil prices further," Teng said. The oil market is also being pressured by tightening Covid-19 curbs in China, the world's second-largest oil consumer.

☆ Gold slips as Fed minutes, inflation data loom
▼ + stars: | 2022-10-12 | by ( ) www.cnbc.com time to read: +1 min

Gold prices inched lower on Wednesday as traders looked forward to U.S. Federal Reserve minutes and key inflation data for clues on the pace of future interest rate hikes. Spot gold fell 0.1% to $1,663.60 per ounce, as of 0055 GMT, hovering close to a one-week low touched on Tuesday. The Federal Open Market Committee will issue minutes of its Sept. 20-21 meeting at 1800 GMT later in the day. While gold is considered as a hedge against inflation and economic uncertainties, rising interest rates reduce the appeal of the asset, which pays no interest. The International Monetary Fund warned on Tuesday that colliding pressures from inflation, war-driven energy and food crises and sharply higher interest rates were pushing the world to the brink of recession.

☆ Fed's net income turned negative in September, but it was no surprise
▼ + stars: | 2022-10-12 | by ( Michael S. Derby | ) www.reuters.com time to read: +4 min

At the Sept. 20-21 meeting, a top New York Fed staffer said that "as expected, Federal Reserve net income turned negative in September." The minutes, which were released on Wednesday, also noted that central bank staff expect the Fed will face negative income for some time. The U.S. central bank earns income from bonds it owns and from services it provides to the financial sector. POLITICAL RISKFed officials have repeatedly stressed that central bank negative income is not like a conventional bank losing money. Fed watchers have said the biggest risk to the central bank from the negative income situation is political.

☆ Morning Bid: The Next Three Days
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +3 min

Well, the Bank of England's Andrew Bailey has crowed, sort of making clear the Liz Truss government can't bank on it defending markets from the fallout of an ill-conceived economic revival plan for more than three days. "You've got three days left now. You've got to get this done," Bailey said on Tuesday, referring to the pension funds. Meanwhile, the U.S. dollar is up, yen is at 24-year lows, yields are soaring, sterling is wobbling and oil is slipping. That comes days after a sweeping set of export controls published by the Biden administration aimed at cutting China off from certain semiconductor chips made anywhere in the world with U.S. equipment.

☆ The Next Three Days
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +3 min

Well, the Bank of England's Andrew Bailey has crowed, sort of making clear the Liz Truss government can't bank on it defending markets from the fallout of an ill-conceived economic revival plan for more than three days. "You've got three days left now. Meanwhile, the U.S. dollar is up, yen is at 24-year lows, yields are soaring, sterling is wobbling and oil is slipping. Not all is lost for the chip industry that has been hammered in the past few days after a Reuters report on Tuesday that the U.S. government has allowed at least two non-Chinese chipmakers operating in China to receive restricted goods and services without their suppliers seeking licenses. That comes days after a sweeping set of export controls published by the Biden administration aimed at cutting China off from certain semiconductor chips made anywhere in the world with U.S. equipment.

☆ Fed's Mester says central bank has yet to make a dent in inflation
▼ + stars: | 2022-10-11 | by ( Michael S. Derby | ) www.reuters.com time to read: +4 min

“Despite some moderation on the demand side of the economy and nascent signs of improvement in supply-side conditions, there has been no progress on inflation,” Mester said. At its September policy meeting officials raised their federal funds target rate range to between 3% and 3.25% and penciled in more increases into next year, eyeing a 4.6% federal funds rate. The fed funds target was at near zero levels in March and recent Fed increases have been in increments of 0.75 percentage point, which is much larger in size than changes over recent decades. When it comes to the path the Fed has been on, "I don’t think it’s aggressive relative to where inflation is and how fast inflation has moved up." Mester said that inflation should come down to 3.5% by next year and back to the Fed’s 2% target in 2025.

☆ Dow, S&P 500 rise after recent losses; investors prepare for inflation, earnings data
▼ + stars: | 2022-10-11 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Register now for FREE unlimited access to Reuters.com RegisterInvestors were anxiously awaiting the producer price index report Wednesday and consumer price index data on Thursday. "A few investors might be trying to bet on a better-than-expected inflation report," said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago. The S&P bank index (.SPXBK) was down 1.1% ahead of quarterly results from some major banks later this week. The reports are expected to kick off the third-quarter reporting period for S&P 500 companies. The S&P 500 posted one new 52-week high and 95 new lows; the Nasdaq Composite recorded 19 new highs and 517 new lows.

☆ Morning Bid: Burning bridges
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Tom WestbrookBarely Tuesday and markets and the world seem to be sweeping unnervingly past points of no easy return. Register now for FREE unlimited access to Reuters.com RegisterNuclear-armed North Korea says it has no interest in talks or dialogue and has fired seven test missiles since Sept. 25, apparently in simulation of the destruction of the south. Meanwhile Britain's attempts at mending fences with markets over fiscal spending plans are faring badly. The Bank of England doubled its bond buying caps as its emergency gilt market support programme nears its end on Friday. Finance minister Kwasi Kwarteng promised to reveal some details of longer-term tax and spending plans at the end of the month.

☆ Morning Bid: What a fine mess
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +2 min

Oct 11 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeeverSometimes it's better to say nothing at all. The rupee is even deeper in the mire than the won - this week it hit a record low of 82.82 per dollar. Both the BoK and Reserve Bank of India have intervened in FX markets this year to support their exchange rates. They - and others - might have to do more, raising the risk that central banks offload more of their U.S. Treasuries. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Morning Bid: British bond burn
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +5 min

read moreAhead of the open, 10-year U.S. Treasury yields were again flirting with the year's highs above 4% and global stocks (.MIWD00000PUS) were heading for new 2022 lows. Key developments that should provide more direction to U.S. markets later on Tuesday:* U.S. Sept NFIB small business index. * International Monetary Fund publishes World Economic Outlook and Global Financial Stability Report at annual IMF/World Bank meeting in Washington. * Bank of England Governor Andrew Bailey, BoE deputy governor Jon Cunliffe, Swiss National Bank chief Thomas Jordan, European Central Bank chief economist Philip Lane, ECB board member Fabio Panetta, ECB bank supervisor Andrea Enria speak in United States. Long Gilt Yields SoarRegister now for FREE unlimited access to Reuters.com RegisterBy Mike Dolan, editing by Ed Osmond, <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.

☆ 3 takeaways from our daily meeting: Still oversold, picking at chip stocks, Club names in the news
▼ + stars: | 2022-09-30 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Market still oversold When to buy chip Quick mentions: TJX, DIS, ABBV 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Dollar dishes the pain as selloff rumbles on
▼ + stars: | 2022-09-29 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. "The market wouldn't mind some stability, it has become a little bit unpredictable," said Barings Investment Institute's Chief European strategist, Agnes Belaisch. "We are facing difficult economic times," Truss, who only took over as UK Prime Minister this month, said on local BBC radio. U.S. GDP fell at an unrevised 0.6% annualized rate last quarter, the government said in its third estimate of GDP. read moreRecession angst combined with supply issues and the strong dollar meant oil prices see-sawed after gaining more than $3 in the prior session.

The Dow and S&P 500 e-minis fell for the seventh time in eight sessions, while megacap growth names such as Amazon.com Inc , Apple Inc (AAPL.O), Microsoft Corp , Meta Platforms Inc and Tesla Inc (TSLA.O) lost between 1.6% and 2.7% in premarket trading. read moreIn the previous session, the S&P 500 recorded its first gain in seven sessions. The benchmark index has lost about $9.1 trillion in market value this year and was last valued at $31.2 trillion, according to Datastream. ET, Dow e-minis were down 364 points, or 1.22%, S&P 500 e-minis were down 55 points, or 1.47%, and Nasdaq 100 e-minis were down 207.75 points, or 1.8%. read moreShare of peers United Airlines Holdings (UAL.O), Southwest Airlines (LUV.N) and Delta Air Lines (DAL.N) fell between 1.6% and 2.0%.

☆ Fed's Mester: Doesn't see financial stability problems for US
▼ + stars: | 2022-09-29 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

Mester touched on market conditions amid very unsettled conditions across the globe. She acknowledged that Bank of England actions this week to buy bonds to stabilize markets there appeared at odds with its work to lower inflation. Mester said she does not see a case for slowing down on rate rises right now. "I probably am a little bit above that median path because I see more persistence in the inflation process," Mester said. Getting above a 4% fed funds rate is important to helping to lower inflation, she said.

☆ Jobless claims hit five-month low despite Fed's efforts to slow labor market
▼ + stars: | 2022-09-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Initial filings for unemployment claims fell last week to their lowest level in five months, a sign that the labor market is strengthening even as the Federal Reserve is trying to slow things down. The drop in claims was the lowest level since April 23 and the first time claims fell below 200,000 since early May. Continuing claims, which run a week behind, fell 29,000 to 1.347 million. Despite the efforts, there was more bad news Thursday for the Fed on the inflation front. However, the Cleveland Fed's own Inflation Nowcasting gauge shows little improvement on the inflation front in September even with a sharp decline in gas prices.

☆ Morning Bid: Dysfunction and intervention
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +5 min

Amid all the chaos in British bond markets, the forced intervention by the Bank of England to buy gilts has given some investors a crumb of comfort about the limits of central bank tightening. Cold comfort maybe, but enough to drag bond yields back and lift stocks briefly around the world. While 30-year gilt yields steadied just below 4% on Thursday after their 100bp swoon the previous day, the pound was sliding again and UK midcap stocks dropped. read moreEasing inflation in Spain was better news read more . Market leader Inditex (ITX.MC), the owner of Zara, slipped 2.2%, while the wider STOXX retailers index <.SXRP> slid 4.3%.

☆ European markets head for higher open after choppy start to the week
▼ + stars: | 2022-09-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

U.S. inflation is "unacceptably high" and uncertainties make monetary policy decisions "not trivial," said Cleveland Fed President Loretta Mester in prepared remarks at the Massachusetts Institute of Technology. "When there is uncertainty, it can be better for policymakers to act more aggressively," she said. "Aggressive and pre-emptive action can prevent the worst-case outcomes from actually coming about." "I will need to see several months of declines in the month-over-month readings," she said. "Wishful thinking cannot be a substitute for compelling evidence."

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