Newsfeeds - Spark Newswire

2 minute read

Jerome Powell Gets Reminder From Senator Brown Ahead Of Fed Meet: ‘Don’t Forget Your Responsibility To Promote Maximum Employment’

Today, 6:44 AM

The Chair of the Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has sent a letter to Federal Reserve Chair Jerome Powell, reminding him about the central bank’s dual mandate and asking him not to forget his responsibilities to

BND

2 minute read

Larry Summers Calls Terminal Rate Crossing 5% ‘A Milestone:’ What He Says About Potential Of Further Rise

By Bhavik Nair

Today, 6:44 AM

Former Treasury Secretary Lawrence H.

BND

2 minute read

Fed Expects Inflation To Moderate — And Has This To Say On Economic Activity

By Bhavik Nair

Today, 6:44 AM

The U.S. Federal Reserve stated in its Beige Book that it expects price increases to generally moderate, just two weeks before the central bank is scheduled to hold its monetary policy meeting and likely hike interest rates by 75 basis points.

BND

2 minute read

Cathie Wood Believes Something Similar To The Plaza and Louvre Accords Could Be Repeated: Here’s What Happened In The 1980s

By Bhavik Nair

Today, 6:44 AM

Cathie Wood has said the significant appreciation in the dollar led by the ongoing aggressive policy of the U.S.

BND

2 minute read

Janet Yellen Believes More Work Needed To Rein In Red-Hot Inflation: ‘Need To See Sustained Progress’

By Bhavik Nair

Today, 6:44 AM

Treasury Secretary Janet Yellen reportedly said the U.S.

BND

2 minute read

Ray Dalio Says ‘Perfect Storm’ Forming As Fed Hikes Rates: ‘There’ll Be Real Pain Of Course’

By Bhavik Nair

Today, 6:44 AM

Billionaire investor Ray Dalio has warned of a "perfect storm" that will spread economic pain as the U.S. Federal Reserve hikes interest rates a

BND

2 minute read

Fed Made ‘2 Big Mistakes:’ Top Economist Warns ‘We Risk A Very High Probability Of A Damaging Recession’

By Bhavik Nair

Today, 6:44 AM

Allianz chief economic adviser and noted economist Mohamed El-Erian has criticized the U.S. Federal Reserve, saying the central bank made "two big mistak

BND

2 minute read

Jim Cramer Says Data Studied By Fed And Wall Street Doesn’t Reflect This Huge Driver Of Inflation

By Bhavik Nair

Today, 6:44 AM

Jim Cramer on Thursday said that a significant driver of inflation is the consumer’s desire to spend money in the reopening economy and this is something that is not reflected in the data observed by the Federal Reserve and Wal

BND

2 minute read

Ray Dalio Says ‘Will Play Markets Till I Die’ After Giving Up Control Of World’s Largest Hedge Fund

By Bhavik Nair

Today, 6:44 AM

After relinquishing control of the world's largest hedge fund, Ray Dalio, the founder of

BND

2 minute read

‘Big Short’ Investor Michael Burry Reminisces Dow’s Largest Single-Day Fall In 2008: Wonders ‘If This Could Be Worse’

By Bhavik Nair

Today, 6:44 AM

‘Big Short’ investor Michael Burry has expressed skepticism on the current global economic environment questioning whether it could be worse than the 2008 financial crisis.

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