Federal Reserve - Spark Newswire

2 minute read

Larry Summers Says Fed’s Job ‘Much, Much Closer To Being Done,’ But ‘It’s A Little Bit Premature’ To Pause

Today, 3:59 PM

Former Treasury Secretary Lawrence Summers said on Friday that the Fed’s job in corralling inflation is closer to being done, and also mentioned one important imminent macroeconomic indicator to monitor.

SPY

3 minute read

Rising Interest Rates Lead To Big Bank Profit Gains: Are There Hints Of Inbound Recession?

By AJ Fabino

Today, 3:59 PM

Investors waiting for another round of earnings were greeted by Friday’s reports from the nation’s biggest banks showing that profits rose across the sector, boosted by the Federal Reserve’s high-interest rate environment.

BAC

3 minute read

Bitcoin Spikes Above $21,000: Is The Move Sustainable Or Just Speculative Mania?

By Murtuza Merchant

Today, 3:59 PM

The largest cryptocurrency by market capitalization, Bitcoin (CRYPTO: BTC) has spiked above the psychologically important barrier of the $21,000 mark.

$ADA

2 minute read

Cornell Professor Eswar Prasad Says Failure Of A Major Stablecoin Could Impact US Bond Market

By Bhavik Nair

Today, 3:59 PM

Eswar Prasad, an economics professor at Cornell University, has reportedly cautioned the failure of a major stablecoin could have an impact on the U.S.

$BUSD

4 minute read

Nasdaq, S&P Futures Narrowly Mixed As New-Found Optimism Tempers Ahead Of Big Bank Earnings, Consumer Sentiment Data

By Shanthi Rexaline

Today, 3:59 PM

US stocks look set to start Friday’s session on a nervous note as the recent gains introduce caution amid traders. The trading direction could also hinge on the earnings reports from big banks and the results of the University of Michigan's consumer sentiment survey.

BAC

2 minute read

John Rogers Of Ariel Investments Says US Will Avoid Recession In 2023: ‘More Optimistic Today Than A Year Ago’

By Bhavik Nair

Today, 3:59 PM

John Rogers, chairman and co-CEO of Ariel Investments, said the U.S. will avoid a recession this year as the Federal Reserve reins in inflation.

BTC

2 minute read

Lower Rate Hikes Ahead? How Fed Officials Reacted To December Inflation Data

By Bhavik Nair

Today, 3:59 PM

Federal Reserve officials on Thursday reportedly sounded relief that inflation continued on its downward path in December, which could likely lead to a step down to a 25 bps interest rate hi

QQQ