Tag Archives: #FOMC

Your Daily Dose of Financial News

BY: Michael D. Reif | March 21, 2019

The Federal Reserve’s Open Market Committee wrapped its March meetings yesterday with Chair Powell highlighting the central bank’s “fairly downbeat economic assessment” and the expectation that it will keep rates steady for the rest of the year – NYTimes and WSJ and Bloomberg Meanwhile, Wall Street wasn’t quite sure how to take the news. While … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 30, 2019

Though expected after its earlier move to cut its revenue forecast, Apple’s official quarterly profits reporting yesterday still disappointed, as the company posted its “first holiday-quarter drop in both revenue and profit in over a decade” – WSJ and NYTimes and Bloomberg and MarketWatch That and news of a major FaceTime bugs that lets users … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 9, 2018

As widely expected, the Fed held rates steady when it wrapped its Open Market Committee meeting yesterday afternoon and deemed the economy “in good health,” laying the groundwork for another rate increase next month – NYTimes and WSJ and Bloomberg The DOJ has filed a complaint against the Swiss banking giant UBS over its “issuance, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 8, 2018

Wall Street apparently views a divided Congress as a good thing (think less chance of tighter regulation), and it celebrated by pushing the Dow up 500 points and jumping back into tech stocks – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 For those keeping track at home, 10 years.  That’s the amount of time Wall Street has deemed appropriate post-2008 crisis … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 27, 2018

To no one’s surprise, the Fed followed through with its months of promises and raised its benchmark interest rate by 25 basis points yesterday. The FOMC also indicated that it’s planning to raise rates again in December – NYTimes and WSJ and Bloomberg and MarketWatch A look at the perhaps-surprising sticking point in the ongoing … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 26, 2018

What to expect as the FOMC breaks today – NYTimes and WSJ and Bloomberg Some day-later reaction to the abrupt departure of Instagram’s founders from the Facebook family – NYTimes and WSJ Hiding somewhat in the shadows during the rise of virtual currencies over the past year or two has been blockchain, the ledger technology … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 21, 2018

Your guide to Fed Chair Powell’s first FOMC decision day, where most expect a rate hike and are keeping an eye on just how many we’ll see this year – Bloomberg and NYTimes and WSJ Facebook’s bad week now includes still-sliding shares, a departing chief security officer, and an FTC inquiry  – NYTimes and WSJ … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 29, 2018

With Davos 2018 in the rear view mirror, some analysts are pegging the “geopolitical momentum” as China’s to claim, thanks in no small part to its expansive and ongoing “Belt and Road” initiative – NYTimes Need more proof of China’s rising status? Intel apparently warned Chinese companies like Alibaba and Lenovo of its chip flaws … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 19, 2017

The Fed’s Open Markets Committee will wrap up meetings tomorrow, and it’s expected [markets be ready] to avoid a rate hike but reveal the beginning of a measured shrinking of the Fed’s $4.2 trillion mortgage/Treasury bond portfolio – WSJ and MarketWatch and Bloomberg Under the terms of a settlement with federal regulators announced yesterday, the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 27, 2017

Lack of workable replacement (so far, at least) be damned—the UK’s Financial Conduct Authority has announced that [the scandal-plagued] Libor will be phased out by 2021 in favor of “transaction-based benchmarks” – Bloomberg and NYTimes and WSJ The X factor with yesterday’s post-FOMC statement wasn’t so much interest rates (which most observers didn’t expect to … Continue reading