The Federal Reserve needs to be more aggressive this year to help cool down “stubbornly high inflation,” St. Louis Fed President James Bullard said Friday. In the wake of the Read more
Tag: Money/Currency Markets
New York Empire State July factory activity gauge improves, but manufacturers mood darkens
The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, rose 12.3 points to 11.1 in July, the regional Fed bank Read more
The U.S. dollar hasn’t been this strong in 20 years. Here’s what happened next.
A gutsy contrarian bet right now is that the strong U.S. dollar will weaken, particularly versus the euro. A secondary bold bet is that U.S. stocks will lag international equities. Read more
As crypto prices crash, some blockchain projects may be struggling to survive
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest Read more
Markets are now pricing in 100% risk of a U.S. recession before year’s end: Deutsche Bank
Something big shifted in the market following Thursday’s U.S. consumer-price index report, according to George Saravelos, global head of currency research at Deutsche Bank. Based on moves in U.S. stocks Read more
Fed’s Waller says CPI was ‘major league disappointment,’ leaves door open for 100 basis move
Federal Reserve Governor Christopher Waller on Thursday said he supports a 0.75 percentage point interest rate hike in July, but he left the door open for a larger move if Read more
U.S. jobless claims rise to highest level since last November
The numbers: Initial jobless claims rose by 9,000 to 244,000 in the week ended July 9, the Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated Read more
Opinion: The fourth evolution in finance is here today — why decentralized finance is inevitable
With inflation at a four-decade high in the U.S., worldwide oil prices surging, and wars and other calamities raging, it’s no wonder many worry about the future of our society. Read more
Yen plunges to weakest versus the dollar since 1998
The U.S. dollar rose to its highest level versus the Japanese yen this century as traders bought the rampant buck in anticipation of more sharp rate rises from the Federal Read more
Beleaguered crypto lender Celsius files for bankruptcy: report
Embattled crypto lender Celsius Networks has filed for Chapter 11 bankruptcy protection, according to a new report. The Wall Street Journal reported late Wednesday that the New Jersey-based company had Read more