Powell at Jackson Hole, Fed Minutes, Walmart Earnings
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The Fed made a "huge mistake" not raising rates during the pandemic. Now it risks another blunder, top economist Mohamed El-Erian says.
Treasury yields moved slightly lower on Tuesday, with the benchmark 10-year rate just below its 100-day moving average amid low volumes and limited conviction behind summertime trading. The 10-year yield was near 4.
A potential candidate to succeed Federal Reserve Chair Jerome Powell, David Zervos, said that it’s inaccurate to describe the US central bank as independent, and characterized the outgoing Fed chief as aligned with the political left.
Palo Alto Networks jumped 6.3% overnight after the cybersecurity company beat Wall Street’s sales and profit forecasts. The California company also announced the retirement of Nir Zuk, its founder, chief technology officer and board member.
The TV-style approach could present the White House with an excuse to meet with some current Fed officials who don’t support lowering rates.
2don MSN
Powell has used Jackson Hole to battle inflation and buoy jobs; he's now caught between both
By Howard Schneider WASHINGTON (Reuters) -Fed Chair Jerome Powell used the central bank's annual Wyoming research conference to promise inflation-fighting rigor when it was needed in 2022, then last year he came to the defense of the job market with promises of lower interest rates when the unemployment rate seemed on a steady rise.
Powell, 70, has offloaded a "sporting retreat" in Bullock, NC, two years after she pled guilty for attempting to overturn the 2020 election.
Phil Orlando, Chief Equity Market Strategist at Federated Hermes, joins Worldwide Exchange to discuss Fed policy, market risks, and why small caps could outperform as rates trend lower.
Wall Street will be listening closely to Federal Reserve Chair Jerome Powell's speech Friday at the Jackson Hole economic policy summit, where he could signal whether the central bank is ready to cut borrowing costs at its next meeting in September.
What happens when a white-hot movie star and a champion quarterback team up for a risky football comedy with heart? Chad Powers happens. (Just don’t call it Hulu’s ‘Ted Lasso’!)