Stay updated with breaking news from Michael Barr. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Last week was eventful in the financial world, and this week is shaping up to be exactly the same. It will be less focused on inflation and corporate results, and more on macro data. Earnings season... -May 20, 2024 at 09:26 am EDT - MarketScreener
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said Monday."We are not yet all the way to our target of two percent," he said in prepared remarks, noting the "disappointing" recent inflation data.
Global financial markets are trading with a risk-on sentiment today, starting from the Asian session and continuing through the European and early US sessions. However, gains in stocks have been relatively limited, partly constrained by recovery in benchmark treasury yields, and partly capped by low trading activity.
Fed Vice Chair Michael Barr stated in a speech today that while inflation has decreased from its peak of 7.1% to 2.7%, it is "not yet all the way to 2% target. He noted that inflation readings for the first quarter were "disappointing," as highlighted in FOMC's recent statement.