Newsfeeds - Spark Newswire

2 minute read

Paul Krugman Thinks ‘Soft Landing Is Looking Increasingly Plausible’ After Inflation Cools Down

Today, 12:56 PM

Nobel laureate and noted economist Paul Krugman has expressed optimism over the latest inflation report, saying that a soft landing looks increasingly plausible.

BND

2 minute read

Larry Summers Says Have To Go Back To JFK To Find Democratic President With 1st Midterms Going As Well As Biden’s

By Bhavik Nair

Today, 12:56 PM

Former Treasury Secretary Lawrence H. Summers has commended President Joe Biden, saying one has to go back to John F.

BND

2 minute read

AI Indicator Of Firm Famous For Tesla Bet Flashes ‘Cautious’ Sign For US Stock Market This Week

By Bhavik Nair

Today, 12:56 PM

Qraft Technologies’ AI Risk Indicator has pointed to a risk level of 22 for the week of Nov. 7, in the "cautious" range, an increase from the risk level of 13 recorded the prior week.

AMOM

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Larry Summers Is All Praise For Fed’s Powell: ‘Framed Issues Right, Pointed Toward Appropriate Policy’

By Bhavik Nair

Today, 12:56 PM

Former Treasury Secretary Lawrence H. Summers has praised Federal Reserve Chair Jerome Powell for his policy stance stating the apex bank head has framed the issues correctly.

BND

2 minute read

Larry Summers Says Fed Should Stay On Its Course: Pausing Tightening ‘Badly Misguided Advice’

By Bhavik Nair

Today, 12:56 PM

Former Treasury Secretary Lawrence H. Summers has said the growing calls from politicians and economists for the U.S. Federal Reserve to pause its aggressive policy over fears of recession is “badly misguided” advice.

BND

2 minute read

Fidelity Macro Expert Puzzled With Fed’s Extreme Actions: ‘Inflation Will Presumably No Longer Be Clear, Present Danger’

By Bhavik Nair

Today, 12:56 PM

Jurrien Timmer, the director of global macro in Fidelity's Global Asset Allocation Division, has raised questions on why the U.S. Federal Reserve is committing to an extreme policy when inflation will no longer pose danger.

BND

2 minute read

Paul Krugman Gives Verdict On US Handling Of Pandemic Shock, Inflation Under Biden: ‘Pretty Good Possibility That…’

By Bhavik Nair

Today, 12:56 PM

Nobel laureate and noted economist Paul Krugman has questioned the prevalent belief that bringing down inflation requires a recession, while stating that America’s handling of the pandemic shock under President Joe Biden will be mostly

BND

2 minute read

Larry Summers Says Consensus View That Inflation Will Come Way Down Is ‘Outside Range Of Normal Historical Experience’

By Bhavik Nair

Today, 12:56 PM

Former Treasury Secretary Lawrence H.

BND

2 minute read

Janet Yellen Says Q3 GDP Data Shows Economic Strength — But Also Signs Of Healthy Slowdown

By Bhavik Nair

Today, 12:56 PM

U.S. Treasury Secretary Janet Yellen said on Thursday that new GDP data indicates strength in the U.S. economy but also some signs of a healthy slowdown which could have a positive impact on taming high inflation, reported Reuters.

BND

2 minute read

As Bond Yields And Dollar Fall, Top Economist El-Erian Says Fed May Not Want ‘Self-Feeding Loosening Of Financial Conditions’

By Bhavik Nair

Today, 12:56 PM

U.S. bond markets rallied on Wednesday, with the yield on the 10-year benchmark Treasuries falling close to 4%, as expectations regarding a less aggressive Federal Reserve began growing.

BND