Richmond Fed President Barkin said “it’s time both on rates and on the balance sheet to normalize where we are”. He added, with “inflation this elevated and the economy still this strong, it just makes perfect sense to do that.” Read more…
St. Louis Fed President James Bullard reiterated yesterday, “I think we have a good plan for now. This 50 basis point per meeting increase is twice the normal pace that the committee has used in Read more…
San Francisco Fed President Mary Daly told CNBC yesterday, “I see a couple of 50-basis-point hikes immediately in the next couple of meetings to get there. And then we need to look around and see Read more…
The ISM Manufacturing PMI for May in the US was 56.1 vs 54.5 expected and an April reading of 55.4. Better data was seen in the production, new orders, and inventory components. Although price pressures Read more…
Oil Prices Volatility Amps Up as OPEC Plans Discussions of Production Quotas The final day of May was one of the most volatile for oil markets this spring. In the aftermath of the EU’s decision Read more…
GBPUSD reversed from key resistance level 1.2635 Likely to fall to support level 1,2400 GBPUSD recently reversed down from the key resistance level 1.2635 (which stopped wave (iv) at the start of May) – standing Read more…
The exit of Sheryl Sandberg as COO of Meta Platforms will shrink the already small number of women in tech company C-Suite positions. The scarce number of women in Silicon Valley tech firm C-Suite positions just got Read more…
The cruise line has made a lot of policy changes since its return to sailing from U.S. ports in July 2021. The pandemic has forced a level of fluidity on Royal Caribbean’s (RCL) – Get Read more…
Jim Cramer says liking a company is only a starting point. Investors must also look at fundamentals. The hatred for this market knows no bounds, Jim Cramer told his Mad Money viewers Wednesday. That hatred Read more…