Stock futures were little changed Wednesday evening following the Federal Reserve’s monetary policy decision, in which policymakers projected interest rates would remain near zero through 2022 and telegraphed that the central bank’s pace of asset purchases would remain at minimum at the current rate. The Federal Open Market Committee’s (FOMC) Summary of Economic Projections indicated […]
Billionaire bond investor Jeffrey Gundlach believes the retail investor boom is “unnerving” given the ongoing coronavirus crisis, but it may help explain the historic rally in recent weeks that’s left institutional investors on the sidelines. ...
The Federal Reserve could soon renew its World War II-era policy of capping yields on U.S. government debt, as the central bank weighs its options on pinning down longer-term interest rates. The central bank on Wednesday held rates steady at near-zero and suggested...
On the heels of the blowout May jobs report, market participants will get another update on how the U.S. Labor Market is faring amid the ongoing COVID-19 crisis with the weekly jobless claims report Thursday morning. An additional 1.55 million Americans are expected...
Enter Federal Reserve Chair Jerome Powell to toss some cold water on those giddy Wall Street bulls continuing to cheer the surprisingly upbeat May jobs report that sparked hopes for a V-shaped economic recovery after the worst of the COVID-19 pandemic. Powell —...
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