Fed Raises Interest Rate Half a Percentage Point, Largest Increase Since 2000

The Federal Reserve is combating the fastest price increases in four decades and is trying to cool the economy before high inflation becomes embedded.

#federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #powell-jerome-h, #treasury-department, #united-states-economy, #yellen-janet-l

How Civil War History Explains Memestocks

In the 19th century, small investors played a big role in finance. Wall Street took it away. Redditors are trying to get it back.

#amc-entertainment-holding-inc, #banking-and-financial-institutions, #bonds-of-war-book, #childs-mary, #civil-war-us-1861-65, #computers-and-the-internet, #conspiracy-theories, #cooke-jay, #financial-brokers, #gamestop-corporation, #government-bonds, #gross-william-h, #reddit-inc, #short-selling, #stocks-and-bonds, #thomson-david-k

Bond Market Unsettled by Inflation Worries

The usually sedate bond market has been unsettled by worries about inflation, the Federal Reserve’s interest rate increases and even the possibility of a recession.

#consumer-price-index, #federal-open-market-committee, #government-bonds, #inflation-economics, #interest-rates, #powell-jerome-h, #russian-invasion-of-ukraine-2022, #stocks-and-bonds, #volcker-paul-a

Dollars or Rubles? Russian Debt Payments Are Due, and Uncertain.

Citing sanctions, the Russian government warned it might pay foreign debt obligations in rubles. Credit rating agencies say a default is imminent.

#blackrock-inc, #credit-and-debt, #credit-ratings-and-credit-rating-agencies, #currency, #embargoes-and-sanctions, #european-central-bank, #fitch-ratings, #government-bonds, #jpmorgan-chasecompany, #politics-and-government, #ruble-currency, #russia, #russian-invasion-of-ukraine-2022, #siluanovanton, #us-dollar-currency, #vanguard-group-inc

January Fed Minutes Show Concern About Inflation’s Spread

Minutes from the Federal Reserve’s meeting in January reflected ongoing concern about prices rising across the economy.

#banking-and-financial-institutions, #consumer-price-index, #daly-mary-c, #federal-reserve-bank-of-san-francisco, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #powell-jerome-h, #prices-fares-fees-and-rates

The 10-year Treasury note hits 2% for the first time since July 2019.

The latest data on consumer prices pushed yields higher, but the gap between inflation rates and bond returns remains wide.

#consumer-price-index, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #stocks-and-bonds, #united-states-economy

Stocks climb as investors weigh a surprising jobs report and Amazon earnings.

Investors took the strong jobs showing as a reason for the Federal Reserve to move quickly as it starts to raise interest rates this year.

#amazon-com-inc, #apple-inc, #bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #coca-cola-company, #company-reports, #exxon-mobil-corp, #facebook-inc, #federal-reserve-system, #goldman-sachs-group-inc, #government-bonds, #meta-platforms-inc, #nasdaq-composite-index, #oil-petroleum-and-gasoline, #snap-inc, #standardpoors-500-stock-index, #stocks-and-bonds, #twitter, #united-states-economy, #walt-disney-company

Inflation and Deficits Don’t Dim the Appeal of U.S. Bonds

Treasury rates remain strikingly low, partly because of the safety government debt offers corporations and retirees. Whether that endures is crucial to federal spending.

#credit-and-debt, #federal-budget-us, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #national-debt-us, #prices-fares-fees-and-rates, #stocks-and-bonds, #treasury-department, #united-states-economy

How Much Should You Fret About Rising Federal Debt?

The federal government is borrowing cheaply, but its debt could reach a tipping point.

#credit-and-debt, #federal-budget-us, #government-bonds, #interest-rates, #internal-sub-only-nl, #national-debt-us

Buy Stocks to Prosper. Buy Bonds to Sleep at Night.

Do what it takes to stay invested in the stock market, our columnist says. Government bonds may help, even if they look unappealing now.

#asset-allocation-personal-finances, #consumer-price-index, #content-type-service, #government-bonds, #inflation-economics, #mutual-funds, #standardpoors-500-stock-index, #stocks-and-bonds

I Bonds, Offering a Safe Space for Cash, Get a Big Rate Bump

The rise in prices has affected not only consumer goods but some government savings bonds, and it could benefit some investors looking for safe spaces for their money.

#content-type-service, #government-bonds, #income, #inflation-economics, #stocks-and-bonds, #treasury-department

What the Debt Ceiling Means for Social Security and More

The Treasury secretary says the government will run out of money to spend if Congress doesn’t raise the debt ceiling. Here’s what that could mean for programs that help millions of Americans.

#federal-budget-us, #government-bonds, #national-debt-us, #social-security-us, #social-security-administration, #treasury-department, #united-states-economy, #zandi-mark

S&P 500 Drops 2% in Worst Day Since May

Investors, weighing the prospect of the Federal Reserve preparing to reduce its purchases of government debt, sold off bonds, pushing the 10-year’s yield to its highest level since June.

#amazon-com-inc, #apple-inc, #conocophillips, #etsy-inc, #exxon-mobil-corp, #facebook-inc, #federal-reserve-system, #google-inc, #government-bonds, #halliburton-company, #inflation-economics, #interest-rates, #microsoft-corp, #nasdaq-composite-index, #new-york-life-insurance-co, #oil-petroleum-and-gasoline, #quantitative-easing, #schlumberger-ltd, #senate-committee-on-banking, #shopify-inc, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

Powell Signals Fed Could Start Removing Economic Support

Speaking at a virtual version of the Fed’s Jackson Hole conference, Jerome Powell gave an assessment of the economy in prepared remarks.

#coronavirus-delta-variant, #coronavirus-reopenings, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #international-trade-and-world-market, #powell-jerome-h, #quantitative-easing

Banks Are Bingeing on Bonds, but Not Because They Want To

Banks are awash in deposits, and their customers are taking out fewer loans. So they have little choice but to buy up government debt, even if it means skimpy profits.

#bank-of-america-corporation, #banking-and-financial-institutions, #credit-and-debt, #government-bonds, #interest-rates, #mt-bank-corporation, #stimulus-economic, #united-states-economy, #wells-fargocompany

The Pandemic Is Testing the Federal Reserve’s New Policy Plan

Year 1 of the Fed’s framework, unveiled at its Jackson Hole conference in 2020, has included high inflation and job market healing. Now comes the hard part.

#coronavirus-2019-ncov, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #stimulus-economic, #unemployment, #united-states-economy, #wages-and-salaries

The Fed Meets as Economic Data Offers Surprises and Mixed Signals

The central bank will release its policy statement on Wednesday, followed by a news conference with Chair Jerome H. Powell.

#consumer-price-index, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #united-states-economy

Krugman Wonks Out: What We Talk About When We Talk About Money

Chill out. The Fed isn’t rolling the printing presses to pay the bills. 

#budgets-and-budgeting, #federal-budget-us, #federal-reserve-bank-of-new-york, #federal-reserve-system, #government-bonds, #united-states

Ohio Lottery to Give 5 People $1 Million Each to Encourage Vaccination

To bolster slumping demand for the vaccine, the state will use federal coronavirus relief funds to pay for a weekly lottery beginning May 26.

#coronavirus-2019-ncov, #dewine-mike, #government-bonds, #ohio, #scholarships-and-fellowships, #vaccination-and-immunization

Fed Leaves Interest Rates Unchanged as Economy Begins to Heal

The Federal Reserve said the economy had “strengthened” but opted to continue providing support while playing down a rise in inflation.

#coronavirus-2019-ncov, #federal-open-market-committee, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #quantitative-easing, #stimulus-economic, #unemployment, #united-states-economy

The Financial Crisis the World Forgot

The Federal Reserve crossed red lines to rescue markets in March 2020. Is there enough momentum to fix the weaknesses the episode exposed?

#banking-and-financial-institutions, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-bank-of-new-york, #federal-reserve-system, #government-bonds, #powell-jerome-h, #quantitative-easing, #regulation-and-deregulation-of-industry, #stocks-and-bonds, #united-states-economy, #united-states-politics-and-government

Why Market Investors Are Now Troubled by Signs of Surging Growth

The markets are stressed at the prospect of an economic rebound, which is forcing investors to reassess their holdings.

#credit-and-debt, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #powell-jerome-h, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds, #treasury-department, #united-states, #united-states-economy

What the Bond Market Is Telling Us About the Biden Economy

A recent rise in interest rates hints that a recovery is on the way, but it could also mean harder choices ahead on spending.

#biden-joseph-r-jr, #government-bonds, #inflation-economics, #interest-rates, #stimulus-economic, #treasury-department, #united-states-economy, #yellen-janet-l

To Plug a Pension Gap, This City Rented Its Streets. To Itself.

Cities and states issued at least $6.1 billion in pension bonds last year. Novel ways to do so include renting property they already own under dummy corporations.

#california, #california-public-employees-retirement-system, #government-bonds, #local-government, #municipal-bonds, #pensions-and-retirement-plans, #states-us, #west-covina-calif

Markets Jump as Investors Bet on Growth

The early gains had come as investors bet that victories by Democrats in two runoff elections for the Senate in Georgia would lead to a surge in federal spending.

#coronavirus-2019-ncov, #democratic-party, #government-bonds, #stocks-and-bonds, #united-states-economy

Nobody Is Going to Conventions. Convention Centers Are Growing Anyway.

The pandemic is intensifying the competition among cities, which are rushing to build bigger, more alluring event spaces.

#american-dental-assn, #conventions-fairs-and-trade-shows, #coronavirus-2019-ncov, #government-bonds, #hotels-and-travel-lodgings, #indianapolis-ind, #milwaukee-wis, #seattle-wash, #travel-and-vacations

As Britain Locks Down, Officials Work to Keep the Economy Afloat

On Day 1 of new restrictions, the Bank of England and British Treasury announced expanded efforts to support the nation’s finances.

#bank-of-england, #banking-and-financial-institutions, #coronavirus-2019-ncov, #economic-conditions-and-trends, #england, #european-commission, #government-bonds, #gross-domestic-product, #layoffs-and-job-reductions, #politics-and-government, #stimulus-economic, #sunak-rishi-1980

Stocks Post Worst Day in 4 Months as Infections Rise Around the Globe

The S&P 500 was down 3.5 percent after France and Germany announced new lockdown measures, an unwelcome reminder of the recovery’s fragility.

#boeing-company, #business-travel, #coronavirus-2019-ncov, #delta-air-lines-inc, #government-bonds, #mastercard-inc, #sap-ag, #stimulus-economic, #stocks-and-bonds, #travel-and-vacations, #united-airlines, #united-states-economy, #visa-inc

We Just Crossed the Line Debt Hawks Warned Us About for Decades

The country’s debt now exceeds the size of its gross domestic product. For decades, this was considered a doomsday scenario that would wreck the economy. So far, that hasn’t happened.

#congressional-budget-office, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #government-bonds, #gross-domestic-product, #interest-rates, #national-debt-us, #united-states-economy, #united-states-politics-and-government

In Argentina’s Debt Negotiations, a Kinder, Gentler Capitalism Faces a Test

BlackRock, the world’s largest asset management company, is opposing a debt settlement deal with Argentina as the country grapples with soaring poverty and the pandemic.

#argentina, #blackrock-inc, #business-roundtable, #coronavirus-2019-ncov, #corporate-social-responsibility, #economic-conditions-and-trends, #fernandez-alberto-1959, #fink-laurence-d, #georgieva-kristalina-ivanova, #government-bonds, #gramercy-funds-management-llc, #international-monetary-fund, #macri-mauricio, #pensions-and-retirement-plans, #poverty, #stiglitz-joseph-e

A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks

The Dodd-Frank financial law succeeded at making banks safer, but empowered shadowy corners of finance that nearly wrecked the system in March.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #federal-reserve-system, #financial-stability-oversight-council, #government-bonds, #hedge-funds, #mnuchin-steven-t, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #stocks-and-bonds, #treasury-department, #united-states-economy, #united-states-politics-and-government

‘Europe Finally Got the Message’: Leaders Act Together on Stimulus

New measures by the European Central Bank and the German government to combat the economic damage caused by the pandemic have exceeded expectations.

#coronavirus-2019-ncov, #european-central-bank, #european-commission, #european-union, #eurozone, #germany, #government-bonds, #lagarde-christine, #stimulus-economic

A €750 Billion Coronavirus Recovery Plan Thrusts Europe Into a New Frontier

Adopting the proposal would make history for the bloc, vesting authority in Brussels in ways that more closely resembled a central government.

#budgets-and-budgeting, #coronavirus-2019-ncov, #credit-and-debt, #europe, #european-commission, #european-union, #government-bonds, #politics-and-government, #recession-and-depression, #taxation

A €750 Billion Virus Recovery Plan Thrusts Europe Into a New Frontier

The European Commission wants to issue bonds to raise the funds, taking a step closer to a shared budget potentially paid for through common taxes.

#budgets-and-budgeting, #coronavirus-2019-ncov, #credit-and-debt, #europe, #european-commission, #european-union, #government-bonds, #politics-and-government, #recession-and-depression, #taxation

Too Big to Fail: The Entire Private Sector

Large parts of financial markets are now being managed by the government. Even if they don’t like it, investors must acknowledge it.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-system, #government-bonds, #powell-jerome-h, #regulation-and-deregulation-of-industry, #shutdowns-institutional, #stock-buybacks, #stocks-and-bonds

Fed Chair Says Economic Recovery May ‘Stretch’ Through End of 2021

Jerome H. Powell, who heads the central bank, predicted a slow economic recovery and reiterated that policymakers may need to do more.

#60-minutes-tv-program, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-system, #government-bonds, #powell-jerome-h, #recession-and-depression, #shutdowns-institutional, #unemployment, #united-states-economy

The Virus Is Vaporizing Tax Revenues, Putting States in a Bind

With businesses closed and obligations mounting, state finances are stretched and poised to worsen.

#budgets-and-budgeting, #coronavirus-2019-ncov, #credit-and-debt, #cuomo-andrew-m, #government-bonds, #income-tax, #lamont-ned, #politics-and-government, #states-us, #stitt-kevin, #taxation, #trump-donald-j, #united-states, #united-states-economy, #wages-and-salaries

Investors Move Back In After Worst Market Rout in Years

Global shares rose one day after coronavirus fears and oil market disruptions caused the biggest stock sell-off in a decade. Still, bonds and gold prices signaled persistent worries.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #government-bonds, #oil-petroleum-and-gasoline, #standardpoors-500-stock-index, #stocks-and-bonds

Stock Market Today: Live Updates and Coverage

Wall Street looked poised for a sharp drop on Monday morning after the outbreak worsened in Europe and the U.S. Oil prices and bond yields tumbled.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #government-bonds, #oil-petroleum-and-gasoline, #stocks-and-bonds