Tag Archives: Fed

Your Daily Dose of Financial News

BY: Michael D. Reif | February 12, 2019

The Fed made news when it backed off of its plan to keep regular rate hikes going in 2019, and the decision has done far more than just make Wall Street happy for a day.  Here’s a look at how the financial world has reacted to the Fed’s new tack – NYTimes Because economic data … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 31, 2019

The Fed wrapped its January meetings yesterday with the expected news that it would leave the benchmark interest rate unchanged and the less-guaranteed report that it was hitting the pause button on future rate hikes (aka, it’s taking a “patient stance” on rates) – WSJ and Bloomberg and NYTimes and MarketWatch The latest on the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 20, 2018

The Federal Reserve, as long forecast, raised its benchmark interest rate a quarter point on Wednesday. Chair Powell noted that a downturn in financial markets and weakened financial growth “may signal some softening relative to” what was expected a few months ago. Still, he characterized the shift as “not fundamentally alter[ing] the outlook” – NYTimes … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 19, 2018

The Fed will wrap up its Open Markets Committee meeting today, and the recent dive on Wall Street has rather suddenly brought a bit of drama to what was a long-promised rate hike. Here’s a bit of background on what it’s been chewing over – WSJ and Bloomberg and NYTimes Digging in further to the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 29, 2018

Unbowed by personal attacks from the White House, Fed Chair Jerome Powell delivered remarks to the Economic Club of New York on Wednesday that markets used as an excuse to jump nearly 600 points by the closing bell.  The thrilling language from Mr. Powell? The benchmark rate is “just below” a neutral level (in contrast … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 1, 2018

Dealbook takes a look at the difference between investors’ views of tech stocks on the way up vs. the way down. Namely, while tech helped pull all markets to record highs in 2018, their fall has been part of a “broad-based affair” that appears less about correcting a tech bubble and more about questioning “the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 25, 2018

New York has sued Exxon Mobile over its alleged failure to disclose to its shareholder the “expected risk of climate change to its business”—behavior that the state asserts amounts to a “’longstanding fraudulent scheme’ to deceive investors, analysts and underwriters” – NYTimes and CNBC and Law360 Wells Fargo’s chief administrative officer and auditor are out … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 14, 2018

Incoming Goldman CEO David Solomon has chosen his top deputies, settling on investment banking vets John Waldron (49) and Stephen Scherr (54) as his president/COO and CFO, respectively, and signaling the firm’s shift away from trading – NYTimes and WSJ and Bloomberg The Fed is all but sure to raise short-term interest rates later this … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 14, 2018

As widely expected, the Fed nudged short term interest rates up another quarter percent yesterday and reflected its belief in the strength of the US economy by promising another two rate hikes this year – NYTimes and WSJ and Bloomberg and MarketWatch and Marketplace Comcast has wasted no time in moving hard for 21st Century … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 3, 2018

As we anticipated, the Fed held pat on rates yesterday, acknowledged rising inflation but betrayed little concern about it, and gave no signs of moving away from plans to next raise rates in June – NYTimes and WSJ and Bloomberg and MarketWatch Your tariff update of the day sheds some light on what would outwardly … Continue reading