US-dollar Libor transition enters critical phase for leveraged loan market

US-dollar Libor transition enters critical phase for leveraged loan market

A US dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 30 (Reuters) – The one-year countdown began on Thursday to the end of the publication of the tarnished London Interbank Offer … Read more

Column: Fed’s inflation target ambiguity risks market misstep: McGeever

Column: Fed’s inflation target ambiguity risks market misstep: McGeever

ORLANDO, Fla., June 30 (Reuters) – It may just boil down to semantics, and in good times when inflation is low it’s not an issue at all. But the Fed has a communication problem. Inflation’s surge to the highest level in 40 years has shone a light on what exactly the Federal Reserve’s inflation goal … Read more

Analysis: Markets challenge Fed timeline, threatening more swings in Treasuries

Analysis: Markets challenge Fed timeline, threatening more swings in Treasuries

A trader works, as Federal Reserve Chair Jerome Powell is seen delivering orders on a screen, on the floor of the New York Stock Exchange (NYSE) in New York City, US May 4, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 29 (Reuters) – Bond traders expect the … Read more

Cathie Wood Claims Economy Already In A Recession—Warns Inflation And Inventories Pose ‘Big Problem’

Cathie Wood Claims Economy Already In A Recession—Warns Inflation And Inventories Pose ‘Big Problem’

Topline High-profile stock picker Cathie Wood conceded to being wrong about the duration of high inflation that’s contributed to her fund’s steep decline this year while doubling down on her belief that the economy has fallen into a recession—defying a vast majority of experts noting a recession is unlikely this year despite growing odds of … Read more

Market positioning suggests more pain for equities despite rout, Bank of America says

Market positioning suggests more pain for equities despite rout, Bank of America says

A trader walks by the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, June 17 (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem in financial … Read more

Fed policymakers embrace more rate hikes, markets a little less

Fed policymakers embrace more rate hikes, markets a little less

June 24 (Reuters) – A pair of US central bankers said on Friday they supported further sharp interest rate hikes to stem rapid price rises, even as investors cheered economic data showing inflation expectations to be less worrisome than initially feared. Last week, the Federal Reserve raised its benchmark overnight interest rate by three-quarters of … Read more

The US Economy Is Confusing Everybody

The US Economy Is Confusing Everybody

Sign up for Derek’s newsletter here. As somebody who’s paid to tell stories about the economy, I always find it satisfying to assemble data points to produce a compelling pointillist picture about the state of the world. But these are rough times for economic pointillism. The data are all over the place, and the big … Read more

Fed looks ‘dead set’ on tightening financial conditions until the economy slows, warns BlackRock

Fed looks ‘dead set’ on tightening financial conditions until the economy slows, warns BlackRock

The Federal Reserve’s battle to get inflation down from a 40-year high likely means it will raise interest rates until the US economy slows, strategists at the BlackRock Investment Institute warned on Tuesday. “The Fed seems dead set on raising rates this year to levels that, in our view, would clearly slow the economy,” Jean … Read more

Fed’s Bullard says US economy should continue to grow in coming quarters

Fed’s Bullard says US economy should continue to grow in coming quarters

The US economy should continue to grow in the coming several months, said St. Louis Fed President James Bullard on Monday, playing down fear of a severe recession that some economists and market pros view as inevitable in the face of the central bank’s war against too-hot inflation. “On GDP growth, I think that the … Read more