My top 10 things to watch Wednesday, March 22 1. The Fed meeting: does it really matter? Despite the banking crisis, the market is betting nearly 90% on another quarter-point interest rate hike on Wednesday afternoon. Investors are looking for any forward-looking comments in Fed Chairman Jerome Powell’s policy statement and post-meeting press conference. The … Read more
Top 10 things to watch Monday, March 20 1. Wall Street looks stable to start the week and ahead of the Fed’s interest rate decision after Wednesday afternoon’s meeting. The market is putting about a 60% chance on a quarter-point rate hike and 40% on no hike as policymakers watch ongoing banking struggles. Here are … Read more
A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, March 16, 2023. Brendan McDermid | Reuters Here are the most important information investors need to start their trading day: It looks like the major stock averages could come out on top this week, on pace with a winning week … Read more
Bitcoin is off to its best three-day performance since October 2019 as the collapse of three US banks in one week fueled hopes among some investors that the Federal Reserve may need to take a less aggressive approach with its rate hikes of interest. The biggest cryptocurrency BTCUSD Tuesday hit its highest level since June … Read more
Posted: March 10, 2023 1:34 PM ET Bitcoin saw its losses deepen on Friday, falling below $20,000 for the first time since January, as investors fret over contagion from Silicon Valley Bank, which was shuttered by regulators and taken over by the Federal Deposit Insurance Corp. days after crypto-friendly Silvergate Bank said it would cease … Read more
One of the bond market’s most reliable indicators of impending U.S. recessions dipped further into triple-digit negative territory on Wednesday, as Federal Reserve Chairman Jerome Powell reiterated the need for higher interest rates. high and a possible reacceleration of the rate of increases. The widely followed spread between 2- and 10-year Treasury yields was minus … Read more
There will be no rest for investors this week as they await a landmark report on the state of the US labor market, as well as semi-annual congressional testimony from Federal Reserve Chairman Jerome Powell. To complicate matters further, investors will also be watching the reaction of equities to more attractive risk-free yields in the … Read more
Signs of continued strength in the US labor market and lingering inflation in Europe were enough for bond investors this week to push yields to new milestones as interest rate expectations continue to readjust. The 10-year Treasury yield TMUBMUSD10Y ended Thursday’s US session above 4% for the first time since November, and traded there again … Read more
Investors looking to blame the recent stock market slump need only look to the bond market. Major US stock market averages recorded their worst weekly performance of the year last week, with the S&P 500 losing 2.7%. The Dow Jones Industrial Average and the Nasdaq Composite lost 3% and 3.3% respectively. The losses came as … Read more
