St. Louis Federal Reserve President James Bullard told CNBC on Friday that he sees an initial interest rate increase happening in late-2022 as inflation picks up faster than previous forecasts had anticipated. That estimate is even quicker than the outlook the broader Federal Open Market Committee released Wednesday that caused a hit to financial markets.
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BEIJING — Chinese dancer and TV host Jin Xing is confident the entertainment industry will return to normal, and that the arts will be more prized post-pandemic. In China, where stringent lockdowns helped control the domestic spread of Covid-19 within months, Jin’s private dance company was able to resume national touring last year, she told
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures dipped slightly in overnight trading after the Federal Reserve raised inflation expectations and forecast rate hikes as early as 2023. Futures on the Dow Jones Industrial Average fell 61 points, or 0.18%. S&P 500 futures edged 0.24% lower and Nasdaq 100
Signage for the Stock Exchange of Thailand (SET) is displayed outside the bourse in Bangkok, Thailand, on Monday, Oct. 26, 2020. Taylor Weidman | Bloomberg via Getty Images Thailand could see a record number of IPOs this year, says Dealogic’s Ken Fong. Data shows it’s been a standout in Southeast Asia’s public listing space. “Thailand
In this article BTC.CB= @CL.1 Institutional Investor Hall of Famer Richard Bernstein is sounding the alarm on bitcoin. He warns bitcoin is a bubble and crypto fever is pushing investors away from the market groups positioned to grab the biggest gains, particularly oil. “It’s pretty wild,” the CEO and CIO of Richard Bernstein Advisors told
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC Jamie Dimon believes cash is king – at least for the time being. JPMorgan Chase has been “effectively stockpiling” cash rather than using it to buy
Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures were steady in overnight trading on Sunday as investors digested the S&P 500’s record level heading into a week with a key Federal Reserve meeting. Dow futures rose 23 points. S&P 500 futures were flat and Nasdaq 100 futures added
Economist David Rosenberg believes the bond market is getting inflation right and yields shouldn’t trade at higher levels. His reasoning: Inflation as a temporary phenomenon caused by enormous pent-up demand and supply chain issues connected to the coronavirus pandemic. “The numbers have been shocking to the upside, no doubt about it. But it’s pretty easily
State Street Financial Center building, which houses the company’s headquarters, in Boston, Massachusetts. Brent Lewin | Bloomberg | Getty Images State Street is creating a division dedicated to digital finance, which will comprise cryptocurrency, central bank digital currency, blockchain technology and tokenization, it announced Thursday morning. State Street Digital will be integrated with its proprietary
In this article PGR TRV ALL An employee at a used auto dealership treads water as he checks on vehicles they are moving out of the rising waters from two days of heavy rain in Lexington, Miss., Thursday, June 10, 2021. Rogelio V. Solis | AP Despite recent increases in auto insurance rates, the market