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☆ Dollar finds friends after sticky U.S. inflation readout
▼ + stars: | 2023-02-15 | by ( Tom Westbrook | ) www.reuters.com time to read: +2 min

SINGAPORE, Feb 15 (Reuters) - The dollar found some support on Wednesday after stubbornly high U.S. inflation suggested interest rates are going to remain high for longer than investors had expected. The U.S. dollar climbed to a six-week high of 133.30 yen and sat not far below that at 132.73 early in the Asia session. "Inflation remains too high," Commonwealth Bank of Australia strategist Joe Capurso said. There is not much good news for (the Fed) that is looking for inflation to head down much further towards its 2% target." Federal Reserve officials said the U.S. central bank will need to keep gradually raising interest rates to beat inflation.

☆ Morning Bid: Wings of a Dove
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +5 min

U.S. President Joe Biden is expected on Tuesday to name Fed Vice Chair Lael Brainard to a top White House economic policy position, replacing National Economic Council Director Brian Deese. Biden confidant Jared Bernstein is expected to replace Cecilia Rouse as chair of the Council of Economic Advisers. Brainard was seen as a powerful voice cautioning against over-aggressive Fed policy tightening. U.S. stock futures and world equities were higher on Tuesday, U.S. Treasury yields and the dollar were steady to lower. Euro zone economic growth slowed in the last three months of 2022 but avoided a contraction many had predicted for months.

The Fed's policy rate is currently in a 4.50%-4.75% target range. By the Fed's preferred measure, inflation is still running at a 5.0% annual rate. Harker last week flagged the prospect of rate cuts in 2024 should inflation continue to ease. However, following the CPI release on Tuesday, traders of interest rate futures now see the Fed raising borrowing costs three more times, bringing the policy rate to the 5.25%-5.50% range by July, if not June. "My own view is that, given the risks, we shouldn't lock in on a peak interest rate or a precise path of rates," she said.

☆ Fed has a couple more rate hikes left in 2023, says former Dallas Fed president Richard Fisher
▼ + stars: | 2023-02-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed has a couple more rate hikes left in 2023, says former Dallas Fed president Richard FisherFormer Dallas Fed President Richard Fischer joins 'Halftime Report' to discuss the Fed's focus on employment, forecast for upcoming rate increases, and the speed of inflation reduction.

☆ Fed officials see lots of room to shed bonds from balance sheet
▼ + stars: | 2023-01-31 | by ( Michael S. Derby | ) www.reuters.com time to read: +6 min

It now aims to unload just shy of $100 billion per month, and so far that approach has taken nearly $420 billion of bonds off the Fed's balance sheet. Fed officials and outside observers don't expect that to happen again. "So I would expect, you know, the process of balance sheet reduction to continue as it is." When the Fed announced its run-off plans last year, "all the interest rate effects from balance sheet tightening happened right away. Still, Fed balance sheet cuts should "stay intact until early 2024," analysts with forecasting firm LH Meyer wrote.

☆ I give Powell credit for transparency in rate hikes, says former Dallas Fed president
▼ + stars: | 2023-01-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI give Powell credit for transparency in rate hikes, says former Dallas Fed presidentRichard Fisher, former Dallas Fed president and Barclays senior advisor, joins 'Squawk Box' to discuss his thoughts on the Federal Reserve, whether the Fed needs to get the federal funds rate to five percent, and more.

☆ Gold edges higher as investors weigh Fed slowdown chances
▼ + stars: | 2023-01-19 | by ( Ashitha Shivaprasad | ) www.reuters.com time to read: +2 min

Spot gold was up 0.1% at $1,906.01 per ounce, as of 0252 GMT. U.S. gold futures fell 0.1% to $1,906.00. Few Fed officials signalled on Wednesday that they would push on with more interest rate hikes, while Philadelphia Fed President Patrick Harker and Dallas Fed President Lorie Logan said they supported a slower pace of tightening. Lower interest rates tend to boost bullion's appeal as they decrease the opportunity cost of holding the non-yielding asset. Spot silver lost 0.2% to $23.38 per ounce, platinum was flat at $1,038.38, and palladium fell 0.1% to $1,716.13.

☆ Fed policymakers call for further rate hikes to beat inflation
▼ + stars: | 2023-01-18 | by ( Howard Schneider | Lindsay Dunsmuir | ) www.reuters.com time to read: +5 min

(Reuters) -Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several supporting a top policy rate of at least 5% even as inflation shows signs of having peaked and economic activity is slowing. REUTERS/Jason Reed“I just think we need to keep going, and we’ll discuss at the meeting how much to do,” Cleveland Fed President Loretta Mester said in an interview with the Associated Press. The remarks appeared to reflect a widely shared view among her fellow policymakers, most of whom as of December had penciled in a 5.00%-5.25% policy rate in coming months. Mester said that for her part she expects the Fed’s policy rate to need to go “a bit higher” than that, and stay there for some time to further slow inflation. Dallas Fed President Lorie Logan also supports a slower rate hike pace ahead because of the uncertain outlook and the need to be flexible.

☆ Treasury yields fall as traders assess data, Fed outlook
▼ + stars: | 2023-01-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields were lower on Wednesday as uncertainty around the outlook for monetary policy and the economy, along with some weak earnings reports from Wall Street, clouded risk sentiment. The yield on the benchmark 10-year Treasury note fell just over 5 percentage points to 3.4812% while the yield on the 30-year Treasury bond shed around 4 percentage points to 3.6069%. Stocks sold off on Tuesday and futures pointed to further declines on Wall Street after Goldman Sachs missed earnings expectations on the back of a drop in investment banking and asset management revenues. Four Federal Reserve officials are set to deliver speeches Wednesday: Atlanta Fed President Raphael Bostic, Philadelphia Fed President Patrick Harker, St. Louis Fed President Jim Bullard and Dallas Fed President Lorie Logan. Auctions will be held Wednesday for $36 billion of 17-week Treasury bills and $12 billion of 20-year bonds.

☆ Corporate profit reports in the week ahead could show whether there's an 'earnings recession'
▼ + stars: | 2023-01-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Investors in the week ahead will focus on how much inflation and the slowing economy have chiseled away at corporate profits, as companies including Goldman Sachs , Netflix and Procter & Gamble report earnings. "This is going to be the start of the clock ticking on an earnings recession," said Amanda Agati, chief investment officer of PNC Asset Management Group. Economic recession talk heats up "There's never been a recession without an earnings recession since World War II," Agati said. Art Hogan, chief market strategist at B. Riley Financial, said this coming earnings week could be an important step towards assessing the health of corporate balance sheets. Week ahead calendar Monday Martin Luther King Jr. Day Markets closed Tuesday Earnings: Goldman Sachs , Morgan Stanley , Citizens Financial, United Airlines, Interactive Brokers 8:30 a.m.

☆ Former Fed President: I don't know if the market has discounted a Fed funds rate above 5%
▼ + stars: | 2023-01-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Fed President: I don't know if the market has discounted a Fed funds rate above 5%Richard Fisher, former Dallas Fed president and Barclays senior advisor, joins 'Squawk Box' to discuss the Federal Reserve's inflation fight and how it's impacting the market.

☆ Don't read too much into the shape of the yield curve, warns fmr. Dallas Fed President Richard Fisher
▼ + stars: | 2023-01-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't read too much into the shape of the yield curve, warns fmr. Dallas Fed President Richard FisherRichard Fisher, fmr. U.S. Federal Reserve Bank of Dallas president, joins 'Closing Bell: Overtime' to discuss what the jobs report could mean for Fed policy.

☆ The worst mistake the Fed can do against inflation is to stop early, says fmr. Dallas Fed President
▼ + stars: | 2022-12-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe worst mistake the Fed can do against inflation is to stop early, says fmr. Dallas Fed PresidentFormer Dallas Fed President Richard Fisher joins CNBC's 'Squawk Box' to discuss the Federal Reserve's moves to combat inflation and his expectations for future interest rate hikes from the central bank.

☆ Wall Street ends sharply higher on sign of cooling inflation
▼ + stars: | 2022-11-10 | by ( Noel Randewich | ) www.reuters.com time to read: +4 min

One-time Wall Street darlings tarnished in 2022's bear market were among Thursday's strongest performers, with Nvidia (NVDA.O) jumping about 14%, Meta Platforms (META.O) climbing 10% and Alphabet (GOOGL.O) rising 7.6%. Growing recession worries have hammered Wall Street this year. The S&P 500 (.SPX) remains down about 17% year to date, and it is on course for its biggest annual decline since 2008. S&P 500's busiest tradesThe S&P 500 climbed 5.54% to end the session at 3,956.31 points. All 11 S&P 500 sector indexes rallied, led by information technology (.SPLRCT), up 8.33%, followed by a 7.74% gain in real estate (.SPLRCR).

In the Treasuries market the yield on the 2-year note , the maturity most sensitive to Fed rate expectations, dropped by nearly 20 basis points, the most in one day since June. And traders in futures contracts tied to the Fed's benchmark rate show traders now expect the blistering pace of policy tightening to slow next month. Rate futures contracts are now pricing in a top policy rate in the 4.75%-5% range next March -- lower than the 5%-plus range seen before the report -- and interest-rate cuts in the second half of the year. Continued high inflation for services, possibly reflecting labor markets that remain tight, could prevent any quick resolution of the overall inflation problem. Speaking after the report, Philadelphia Fed president Patrick Harker indicated his support for slowing rate hikes and then stopping, perhaps even earlier than markets are now pricing in.

☆ Elizabeth Warren blasts the 'egregious and embarrassing ethics breaches' among top Fed officials who she says have engaged in 'improper' stock trading for over a year
▼ + stars: | 2022-11-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Sen. Elizabeth Warren slammed "improper stock trading" among Fed officials. On Monday, Massachusetts Sen. Elizabeth Warren sent a letter to Federal Reserve Chair Jerome Powell regarding what she called "egregious and embarrassing ethics breaches by top officials at the Federal Reserve System," referring to reports of "improper" stock trading by officials behind closed doors. The scandals predate the October findings — in September 2021, for example, Dallas Fed President Robert Kaplan was found to have made multiple stock trades in 2020, along with Boston Fed President Eric Rosengren. He declined to comment on any pending investigations of Fed officials. Along with looking into potential ethics breaches within the Fed, Warren and other Democratic lawmakers have also raised concerns with the tactics the Fed is using to fight inflation.

☆ 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.

☆ We're in for a long period of rates above four percent, says former Dallas Fed President Richard Fisher
▼ + stars: | 2022-11-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're in for a long period of rates above four percent, says former Dallas Fed President Richard FisherRichard Fisher, former Dallas Fed president and Barclays senior advisor, joins 'Squawk on the Street' to discuss the commentary he expects to hear from Fed Chair Powell, what impact the contraction of the balance sheet has and more.

☆ Forget a soft landing. The market’s best hope is a ‘growth’ recession
▼ + stars: | 2022-09-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

It wants to achieve a soft landing — that Goldilocks ideal of cooling the economy enough to bring down prices but not enough to cause a recession. The new aim appears to be for a so-called growth recession: A prolonged period of meager growth and rising unemployment. The pain is sharper and lasts longer than that of a soft landing, but a “growth” recession doesn’t pull the entire economy into contraction the way a proper recession would. It looks like a recession, and feels like a recession, but it isn’t a recession — at least not officially. A growth recession is still painful.

☆ I would expect 10-year Treasury yield to hit 4% by year-end, says former Dallas Fed President
▼ + stars: | 2022-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI would expect 10-year Treasury yield to hit 4% by year-end, says former Dallas Fed PresidentFormer Dallas Fed President Richard Fisher, a senior advisor to Barclays, joins CNBC's 'Squawk Box' to weigh in on the Federal Reserve's decision to hike rates by 75 basis points.

☆ Stocks could continue skittish trading until interest rate move calms down
▼ + stars: | 2022-09-23 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

The S & P 500, Dow and Nasdaq were all down sharply for the week. The S & P was down 4.6%, ending the week at 3,693. Fed Vice Chair Lael Brainard , St. Louis Fed President James Bullard , San Francisco Fed President Mary Daly and Fed Governor Michelle Bowman are among the speakers. Other global central banks joined the Fed in raising rates, and interest rates around the world rose in tandem. If those levels break, the S & P could touch 3,385 before the selling is over, he said.

☆ Fed front-loads policy to counteract lagging economic impact, says fmr. Dallas Fed president
▼ + stars: | 2022-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed front-loads policy to counteract lagging economic impact, says fmr. Dallas Fed presidentFormer Dallas Fed President Richard Fisher joins the 'Halftime Report' to discuss the steps the Fed is taking to control inflation and how long it will take to achieve the Fed's goal of 2% inflation, given the lagging economic impact of raising rates.

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