Tag Archives: Fed

Your Daily Dose of Financial News

BY: Michael D. Reif | May 2, 2019

We were pretty sure that the Fed would keep interest rates steady as it wrapped its Open Market Committee meetings yesterday, and Fed Chair Powell delivered on that expectation. He also admitted that the same lack of inflation that bedeviled the Yellen-helmed Fed is still an issue for the central bank [all while assuring markets … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 5, 2019

Jobs report Friday again. Which, after February’s dismal numbers, is carrying extra importance today. We’ll be keeping an eye on US manufacturing, among other things. Here’s what to watch – NYTimes and WSJ and Marketplace and Bloomberg Under the terms of a recently brokered divorce settlement, Amazon CEO Jeff Bezos will keep 75% of the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 1, 2019

Lyft had a banner debut on the public markets, with its shares jumping 8.7% “after opening at $87.24, far above the public offering price of $72.” Some analysts are interpreting the strong showing as a sign that the gig economy is now officially part of the economic prime time – NYTimes and WSJ and Bloomberg … Continue reading

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