Jerome Powell Archives - Page 2 of 3

2024-09-11

Federal Reserve unveils new banking regulation in Wall Street victory

A top Federal Reserve official on Tuesday unveiled changes to a proposed set of U.S. banking regulations that roughly cuts in half the extra capital that the largest institutions will be forced to hold. Introduced in July 2023, the regulatory overhaul known as the Basel Endgame would have boosted capital requirements for the world’s largest banks by roughly 19%….

2024-09-07

Jobs report August 2024:

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The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the way for the Federal Reserve to lower interest rates later this month. Nonfarm payrolls expanded by 142,000 during the month, up from 89,000 in July and below the 161,000 consensus forecast from Dow Jones, according to a report Friday…

2024-08-31

Disillusioned crypto investors are struggling behind bitcoin’s ETF success

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Crypto investors are having a mild existential crisis as demand for the young asset class dries up in the midst of a bull market. In the past month, search interest in crypto has been muted, network activity has been subdued and futures funding rates briefly went negative. Ether ETFs, which began trading a little over a month ago, have…

2024-08-26

‘The time has come for policy to adjust’

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Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. “The time has come for policy to adjust,” the central bank leader said in his much-awaited keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. “The direction of travel is clear, and…

2024-08-22

Nonfarm payroll growth revised down by 818,000, Labor Department says

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The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday. As part of its preliminary annual benchmark revisions to the nonfarm payroll numbers, the Bureau of Labor Statistics said the actual job growth was nearly 30% less than the initially reported 2.9 million from April 2023 through…

2024-08-10

Trump says he should get a say on Federal Reserve interest rate decisions

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Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida. Joe Raedle | Getty Images Republican presidential nominee Donald Trump on Thursday said that he should have a voice when the Federal Reserve makes its decisions on interest rates. “I feel the president should have…

2024-08-08

10-year Treasury yield hovers near 4.00% after jobless claims decline

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U.S. Treasury yields rose Thursday as Wall Street assessed weekly jobless claims data that came in below expectations, easing concern from July’s payroll report last week that the labor market was weakening. The yield on the 10-year Treasury was around 3 basis points higher at 3.994%. The yield on the benchmark is near its highest level since last Thursday,…

2024-08-07

10-year Treasury yield rebounds from lowest level in more than a year

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Treasury yields bounced back on Tuesday as investors closely monitored a reversal of the previous day’s global market sell-off. The yield on the benchmark 10-year Treasury note traded around 11 basis points higher at 3.889% at 3:44 p.m. ET. It comes after the yield on the 10-year Treasury note on Monday fell to its lowest level since June 2023….

2024-08-02

Investors weigh interest rate outlook

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Traders work on the floor of the New York Stock Exchange on July 24, 2024. Spencer Platt | Getty Images Treasury yields fell Thursday as investors digested comments from Federal Reserve Chair Jerome Powell, who suggested a September rate cut was on the table, along with a jump in U.S. jobless claims. The benchmark 10-year Treasury yield traded at…

2024-08-01

September rate cut ‘on the table’ if inflation data continues to cool: Powell

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Federal Reserve Chair Jerome Powell said Wednesday that the U.S. central bank could cut interest rates at its September meeting if economic data continues on its current path. “If that test is met, a reduction in our policy rate could be on the table as soon as the next meeting in September,” Powell said. Recent economic data has pointed…

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Tag: Jerome Powell

Federal Reserve unveils new banking regulation in Wall Street victory

Jobs report August 2024:

Disillusioned crypto investors are struggling behind bitcoin’s ETF success

‘The time has come for policy to adjust’

Nonfarm payroll growth revised down by 818,000, Labor Department says

Trump says he should get a say on Federal Reserve interest rate decisions

10-year Treasury yield hovers near 4.00% after jobless claims decline

10-year Treasury yield rebounds from lowest level in more than a year

Investors weigh interest rate outlook

September rate cut ‘on the table’ if inflation data continues to cool: Powell

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