Page 30 - Thomas Barkin News Today

Inflation data in January, with consumer and wholesale prices rising faster than anticipated, complicate upcoming U.S. central bank interest rate decisions, Richmond Federal Reserve President Thomas Barkin said on Wednesday. The reports released last week "underline the challenge we have had in the recent data," with a slowdown of inflation dependent on falling goods prices, while shelter and services inflation has remained sticky, Barkin said in an interview with Sirius XM. "Yo...

The spotlight for the rest of the day is firmly on the upcoming FOMC minutes. Investors and traders alike will dissect for clues regarding the timing of the first rate cut, although expectations for concrete hints are tempered. However, it should also be pointed out that the narrative within certain market segments is increasingly complex.

Treasurys sold off on Wednesday, pushing long-term rates to their highest levels in almost three months, following a weak $16 billion sale of 20-year bonds...

(Bloomberg) -- Federal Reserve Bank of Richmond President Thomas Barkin said recent economic data highlighted how price pressures in some sectors are still too high, despite improvement in the overall inflation picture. Most Read from BloombergYour 401(k) Will Be Gone Within a DecadeLargest Covid Vaccine Study Yet Finds Links to Health ConditionsChina Tightens Grip on Stocks With Net Sale Ban at Open, CloseCapital One to Buy Discover for $35 Billion in Top 2024 DealUS Tells Allies Russia May Lau

(Bloomberg) — Wall Street traders kept a lid on stocks ahead of results from Nvidia Corp. — the giant chipmaker at the heart of the artificial-intelligence frenzy that has powered the bull market. Just hours away from the company’s quarterly numbers, investors around the world are waiting to see whether Nvidia will be able to…

The Mexican Peso (MXN) stays firm against the US Dollar (USD) even though data from Mexico suggests that consumers are spending less, which should weigh on the economy’s outlook.

(Bloomberg) — Wall Street traders kept a lid on stocks ahead of results from Nvidia Corp. — the giant chipmaker at the heart of the artificial-intelligence frenzy that has powered the bull market. Treasury yields climbed after a $16 billion sale of 20-year bonds. Just hours away from the company’s quarterly numbers, investors around the…

The Australian Dollar posted minuscule gains on Wednesday against the US Dollar, after the release of the Federal Reserve’s January meeting minutes emphasized policymakers remain hesitant to begin to ease policy.

Gold price retreats on Wednesday after registering four days of straight gains as US Treasury bond yields rise in the vicinity of the release of the Minutes from the Federal Reserve’s (Fed) monetary policy meeting in January.

The tech-heavy Nasdaq led declines on Wall Street on Wednesday as investors braced for Nvidias high-stakes earnings report that could hinder this years AI euphoria if results are not stellar, and...