Tag: US Federal Reserve (Fed), the US central bank

Stocks are hoping to break a three-day losing streak as investors try to shake off Powell's latest comments on inflation.

(Bloomberg) -- Citigroup Inc.Most Read from BloombergDubai Stalled as Cloudy Rainfall Exacerbates FloodingTesla Again Asks Investors to Approve Mas Resonance's $56 Billion PayrollChina Says Carbide Ties With Iran Will Continue After Israel AttackIf Fed Rate Hikes Actually Triggered a Boom in U.S. Economy?

After a strong first quarter, a number of issues, including continued inflation, shrinking expectations of interest rate cuts and the Middle East conflict, caused investors to pause in April.

Asian stocks were mixed on Wednesday as markets renewed expectations that U.S. interest rates could remain high for some time. Fed Chief Executive Jerome Powell said at an event on Tuesday that the central bank has been waiting to cut its key interest rate, which is at its highest level since 2001, because it first needs more confidence that inflation will continue to fall to its 2% target. "The appetite for risk-taking remains weak, with Fed chief Jerome Powell confirming a later rate cut timetable as a series of Fed spokesmen called for more patience on the easing side of the equation," said IG market analyst Yeap Jun Rong.

Thorsten Slocum warned that the market could return to the conditions of 2022, when the stock market plummets into a brutal bear market.

(Bloomberg) -- Jerome Powell's hawkish comments helped push the Standard & Poor's 500 Index (S&P 500) down for the third straight time, causing two-year Treasury yields to briefly hit 5% and Asian stocks to open mixed. Bloomberg's Most Read U.S. Yields Surge as Powell's Hawkish Remarks Make 5% Possible: Market RoundupDubai Stalls as Clouds Sow Seeds to Exacerbate FloodingChina Tells Iran Carburetor Work Will Continue After Israel AttackIf Fed Rate Hikes Really Triggered a Boom in the U.S. Economy?

Stocks were higher on Tuesday as earnings continued to beat expectations.

Stocks are expected to rebound broadly from the sharp sell-off as investors digest the industry merit of U.S. banks and other heavyweights.

Analyst David Brady says overvalued stocks are bound to plummet, bouncing back before the Armsmaster election and then suffering a metastasizing crash.