The Federal Reserve keeps telling the market it’s serious about containing inflation, even if it means damage elsewhere. But the market is still having a hard time taking it seriously. So it’s up to Fed Chair Jerome Powell next week to tighten things up further. The central bank leader will address his colleagues Friday at …
Powell’s Jackson Hole Speech Comes With Fed And The Market On Several Pages Read More »
““We can get rid of the idea that crypto loans are not subject to regulation. Rather, the rules have been around for decades. The platforms don’t follow them.’” — Gary Gensler, Securities and Exchange Commission What do automakers have to do with crypto lending platforms? Consumers and investors deserve protection — that applies to both …
Samantha DeBianchi, founder of DeBianchi Real Estate, recommends buying off the mortgage rate, as the 30-year fixed rate is above 5%. New data indicates the housing market is seeing its steepest decline in nearly two decades as home sales hit their lowest level in seven years. Existing data on home sales showed a 5.9% decline …
Housing market registers sharpest decline in turnover in almost two decades: report Read More »
Market veteran Nancy Tengler says talking about a new bull market is premature, as she calls her favorite “reliable” stocks. “I think this rally has been excellent,” Tengler, CEO and chief investment officer of Laffer Tengler Investments, told CNBC “Squawk Box Asia” last week. “Since mid-June we have increased risk in our portfolios and that …
A sign has been posted for a home for sale on July 14, 2022 in Corte Madera, California. Justin Sullivan | Getty Images According to a monthly report from the National Association of Realtors, sales of previously owned homes fell nearly 6% in July from June. Sales fell to an annualized seasonally adjusted rate of …
Home sales fell nearly 6% in July as the housing market slides into recession Read More »
Rules are there to be broken. That might be a standard mantra for anarchists. But for traders, such thinking can prove dangerously dismissive. Investors should therefore consider the latest note from Bank of America’s Savita Subramanian, in which the star analyst describes how “one line with a perfect track record says the market hasn’t bottomed.” …
Minutes from the Federal Reserve’s July meeting — at which policymakers raised benchmark interest rates by 75 basis points — indicate that stock market participants were pricing in a “less aggressive” policy outlook too quickly, some strategists argued Wednesday. Federal Reserve officials agreed in July that it was necessary to raise their benchmark interest rates …
