The Latest Breaking News from Jerome Powell

Following Fed Chair Jerome Powell’s testimony on monetary policy last week and February’s job report showing more job creation than expected, the probability of the Fed increasing interest rates have risen. However, given the rosy long-term prospects of the tech industry, fundamentally strong stocks Fortinet (FTNT), Teradata (TDC), and Box…

The government inflation report being released Tuesday is expected to show that price acceleration in the United States remained chronically high in February, putting the Federal Reserve in an unusually tough position

Plus: Fox News troubles, junk statistics about illicit economies, and more...

In addition to Fed Chair Jerome Powell’s hawkish statements last week, the recently released hotter-than-anticipated job report for February has simultaneously raised the odds for a higher rate hike this month. This weighed heavily on the investors’ sentiments. Against this backdrop, quality value stocks Honda Motor (HMC) and NetScout Systems…

The Bank of England appears to be as confused as everybody when it comes to the outlook for interest rates. At the beginning of the month, a speech by the Bank’s Governor Andrew Bailey triggered hugely conflicting headlines. They ranged from “Bailey downplays talk of sharp rise in interest rates”…

Futures were radically split as financial regulators guaranteed all SVB Financial deposits and offered a backstop for other banks. Signature Bank was closed. But bank stocks kept tumbling.

Another hot jobs report should have consolidated bets on a 50 basis point Fed rate hike. Then came the SVB collapse.

The Fed's goal of bringing down inflation without triggering a recession may have just gotten a lot harder.

The stock market suffered serious losses this past week as Fed chief Jerome Powell's hawkish testimony and SVB Financial's collapse.