Several official from the Fed seem confident that, with more data on steadily decreasing inflation, rate cuts could come in the near future.
Similar to doomscrolling, consumers, especially younger ones, are mindlessly shopping to ease their concerns, a new report says
The US economy will avoid a recession thanks to a resilient jobs market, the bank's chief global economist Seth Carpenter said.
The bubble-like rally in tech stocks is not rational but the AI theme is strong, long-tailed and for everyone, according to BofA's Savita Subramanian.
The Federal Reserve will end its recent flurry of interest-rate hikes if the labor market falters, Wharton professor Jeremy Siegel said.
"The Fed appears set to pause its rate hikes at its upcoming meeting. Thank goodness. Economic growth is fragile, the strong May payroll job gain notwithstanding," Zandi tweeted.
Mohamed El-Erian took aim at the Fed over its lateness in fighting inflation and underscored the threat of its credibility being chipped away.
The Fed was slow to raise interest rates, and now they're going to be slow to lower them, the Tesla, Twitter and SpaceX boss told CNBC on Tuesday.
With PacWest under stress, Mohamed El-Erian has raised doubts about Fed chair Jerome Powell's suggestion that the worst of the banking turmoil is over.
The total assets managed by US money market funds declined for the first time since banking turmoil started last month, data show.
GPT-4, released in mid-March, was more likely to agree with humans than GPT-3, according to researchers at the Richmond Fed.
The stock market is underestimating the risk of an economic slump this year and even a mild recession would cause equities to tumble 15% or more from current levels, according to JPMorgan.
The Fed's chosen inflation gauge lags economic reality like "a one-eyed bearded man with a limp," Krugman said Wednesday.
"We expect a reversal in risk sentiment and the market re-testing last year's low over the coming months," JPMorgan strategists led by Marko Kolanovic said.
Elon Musk has doubled down on his view that the Federal Reserve's interest-rate increases will hammer companies and spark an economic downturn.
Mohamed El-Erian has warned that the Federal Reserve's recent monetary policy choices could turn out to be their biggest mistake in decades.
Given banking turmoil, the Fed must consider inflation, growth and financial stability in setting policy — but there's no good move to make, Mohamed El-Erian said.
SVB convinced the tech startup world it was trustworthy by selling itself under false pretenses, according to Krugman.
The chance inflation will stick around means the Federal Reserve will have to keep on hiking its key rate to 6%, BlackRock says.
The Dow popped more than 300 points, supported by Salesforce's gains. Meanwhile, the 2-year note yield reached levels not seen in over a decade.