Tag: Banking and Financial Institutions

It’s Hard to Tell When the Crypto Bubble Will Burst, or If There Is One

Despite their volatile and occasionally inscrutable nature, cryptocurrencies are becoming more widely traded, used and held — El Salvador recently started accepting Bitcoin as legal tender, the Federal Reserve is studying whether to issue its own digital coin, and wealth managers are encouraging clients to explore crypto assets. So how does a new investor make […]

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Fed Signals Rate Increase in March, Citing Inflation and Strong Job Market

Federal Reserve officials signaled on Wednesday that they were on track to raise interest rates in March, given that inflation has been running far above policymakers’ target and that labor market data suggests employees are in short supply. Central bankers left rates unchanged at near-zero — where they have been set since March 2020 — […]

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Jerome Powell is taking questions. Follow the market reaction.

The Federal Reserve on Wednesday said it would “soon” be appropriate to raise interest rates, as inflation runs above policymakers’ preferred target and the job market strengthens. Although central bankers left rates unchanged at near-zero — where they have been set since March 2020 — the revised statement after their two-day policy meeting laid the […]

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Stocks gain in volatile trading as markets react to the Fed’s interest rate plans.

The Federal Reserve on Wednesday said it would “soon” be appropriate to raise interest rates, as inflation runs above policymakers’ preferred target and the job market strengthens. Although central bankers left rates unchanged at near-zero — where they have been set since March 2020 — the revised statement after their two-day policy meeting laid the […]

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S&P 500 Rallies After Touching Correction Territory, Erasing Day’s Losses

So a slide in prices that removes some of that excess was long overdue, many market watchers said. “We haven’t had a correction in a long time,” said Lindsey Bell, the chief money and markets strategist at Ally Invest. “While this sell-off in the past couple of weeks feels uncomfortable, the good news is that, […]

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Stock Markets Off to Worst Start Since 2016 as Fed Fights Inflation

After falling for a fourth day in a row on Friday, the stock market suffered its worst week in nearly two years, and so far in January the S&P 500 is off to its worst start since 2016. Technology stocks have been hit especially hard, with the Nasdaq Composite Index dropping more than 10 percent […]

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