The main takeaway from Jerome Powell’s press conference last night was that the Fed was even more hawkish than expected, causing even more volatility in the markets and further underpinning the US dollar against foreign Read more…
Markets The day after. Markets are still digesting the Fed’s determination to kill off high inflation. The rate kickoff is in March and we assume the central bank wants to move fast by hiking at Read more…
The number of addresses with a bitcoin balance of at least $1 million dropped 24% between Oct. 28 and Jan. 26. Bitcoin giveth, and bitcoin taketh away–especially when it comes to minting fortunes. The number Read more…
The consensus among traders shifted as Fed Chairman Powell gave hawkish commentary after the Federal Reserve meeting Wednesday. Interest-rate futures traders now expect the Federal Reserve to raise interest rates five times this year, according Read more…
The U.S. economy surged ahead 6.9% (annualized) in the fourth quarter, slightly above consensus expectations. Overall, the economy rebounded 5.7% in 2021, more than recouping 2020’s 3.4% contraction. Inventory rebuilding accounted for 71% of growth, Read more…
Southwest Air expects a loss in the current quarter – reflecting lower revenue and higher fuel and other costs – but a profitable 2022. Southwest Airlines (LUV) – Get Southwest Airlines Co. Report expects a turbulent Read more…
Tesla shares hit a one-month low Thursday after posting record Q4 sales but warning that supply chain disruptions would impact near-term output. Updated at 10:30 am EST Tesla (TSLA) – Get Tesla Inc Report shares neared Read more…
What started off as a calm week has turned into a rout. The euro is down 0.83% in the North American session and has fallen into 1.11 territory for the first time since June 2020. Read more…
Futures pick up from lows and move higher as strong GDP data calms fears of an aggressive Fed. US futures Dow futures +0.4% at 34294 S&P futures +0.66% at 4378 Nasdaq futures +0.96% at 14302 Read more…
Powell signals a rate hike in March The first FOMC meeting of 2022 was concluded on Wednesday, with the Fed Chair Jerome Powell setting the stage for a March rate hike, declining to rule out Read more…