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May 23, 2022

Jerome Powell

10-year Treasury yield drops, continuing trend of falling rates this week

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CNBC – For more and to sign up click here Treasury yields dropped Friday, continuing a trend of falling rates this week in the face of rising recession fears. The yield on the benchmark 10-year Treasury note fell 7 basis points to 2.788%. The yield on the 30-year Treasury bond......

Why Jim Cramer wants the Fed to hike rates much more aggressively

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CNBC – For more and to sign up click here Central bankers need to hike interest rates higher and quicker to arrest spiking prices in “every aisle” of every store, Jim Cramer said Friday. Source – Click here for more To Return to the Main Aggregate News Page – click......

Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences

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CNBC – For more and to sign up click here Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and......

Jim Cramer: Here’s how we’re approaching the gut-wrenching market sell-off

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CNBC – For more and to sign up click here While we may not be able to control the day-to-day action in the market, what we can control is how we react to it. Source – Click here for more To Return to the Main Aggregate News Page – click......

Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll

CNBC Real Estate
A sign of a home for sale is pictured in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images Mortgage rates actually fell slightly last week, but the damage has already been done to housing affordability. Both refinance and purchase loan demand dropped, pulling total......

Japan’s Nikkei 225 rises 1% after data shows economy shrank less than expected in the first quarter

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CNBC – For more and to sign up click here SINGAPORE — Shares in Asia-Pacific rose in Wednesday morning trade as investors watch for market reaction to comments from U.S. Federal Reserve Chairman Jerome Powell on his resolve to raise rates till inflation comes down. The Nikkei 225 in Japan......

10-year Treasury yield climbs as investors await economic data, clues on monetary policy

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CNBC – For more and to sign up click here The yield on the benchmark 10-year Treasury note climbed on Tuesday as investors awaited a fresh batch of economic data and watched for clues on the path of monetary policy. The yield on the 10-year Treasury note last traded up 4......

Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle

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CNBC – For more and to sign up click here A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners......

Inflation is the ‘top problem’ facing America, with no other issue coming close, survey shows

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CNBC – For more and to sign up click here A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg | Getty Images Meanwhile, President Joe Biden also has faced blowback over continued inflation and plans to address the issue.......

Bernanke says the Fed’s slow response to inflation ‘was a mistake’

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CNBC – For more and to sign up click here Former Federal Reserve Chairman Ben Bernanke said the central bank erred in waiting to address an inflation problem that has turned into the worst episode since the early 1980s. Bernanke, who guided the Fed through the financial crisis that exploded......

Wall Street faces a litany of fears right now, including whether this is a Nasdaq Y2K plunge rerun

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CNBC – For more and to sign up click here Traders on the floor of the NYSE, May 13, 2022. Brendan McDermid | Reuters Anxiety and trauma sufferers are sometimes asked to define a hierarchy of fears that trigger distress so they might be managed. An anxious Wall Street faces......

Strategist says stock market may become a ‘meat-grinder of forlorn hope’ for dip-buyers

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CNBC – For more and to sign up click here LONDON – Investors looking for value in the stock market during the ongoing downturn may be “deluding themselves,” according to Sean Corrigan, director at Cantillon Consulting. Fears that central banks will have to hike interest rates aggressively to curb inflation......

Federal Reserve Chair Jerome Powell confirmed by Senate for a second term

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CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record......

Senate confirms Powell for second term at Fed amid highest inflation in 40 years

USA TODAY – For more and to sign up click here Zachary Halaschak The Senate has greenlighted Jerome Powell for another term as Federal Reserve chairman after President Joe Biden asked him to continue serving in the role. Powell, a Republican who was first nominated by former President Donald Trump,......

Dallas Federal Reserve names Lorie Logan new president to succeed Robert Kaplan

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CNBC – For more and to sign up click here The Dallas Federal Reserve has named a new president to succeed its former one, who resigned last year amid a controversy over stock trading. Lorie K. Logan will serve as head of the central bank branch, according to an announcement......

10-year Treasury yield dips below 3%

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CNBC – For more and to sign up click here The 10-year U.S. Treasury yield fell on Tuesday, dipping below the 3% mark as fears of rising inflation and a potential economic slowdown lingered. The yield on the benchmark 10-year Treasury note fell to 2.99%. The yield on the 30-year......

Tech giants lost more than $1 trillion in value in the last three trading days

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CNBC – For more and to sign up click here The world’s largest technology companies have shed over $1 trillion in value in just three trading sessions. Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more pain......

10-year Treasury yield rises to its highest level since November 2018

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CNBC – For more and to sign up click here U.S. Treasury yields rose Monday and the benchmark 10-year climbed to its highest level since November 2018 amid concerns of surging inflation pressures and slowing economic growth. The yield on the 10-year Treasury note punched above 3.17% but was last......

Stocks could see more tumult next week, especially if bond yields continue to scream higher

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CNBC – For more and to sign up click here After a week of extraordinary turbulence, stocks are likely to remain volatile as investors await fresh data on inflation and watch the course of bond yields. The big report for markets is Wednesday’s April consumer price index. Economists expect a......

The Fed just hiked interest rates and signaled more increases are coming. Here are money moves to make now

CNBC Real Estate
The Federal Reserve is among Western central banks fighting stubbornly high inflation. Xinhua News Agency | Xinhua News Agency | Getty Images For the first time in years, Americans are in a period of rising interest rates. The Federal Reserve on Wednesday raised its benchmark rate a half-point, to cool......

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