Federal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected. Citing data earlier this year showing that inflation has reversed the deceleration it showed in late 2022, the central bank leader warned of tighter monetary policy ahead to […]
Powell
U.S. stocks closed out a volatile session sharply higher Tuesday after Federal Reserve Chair Jerome Powell embraced the presence of disinflation in the economy during a speech in Washington, D.C. The S&P 500 (^GSPC) soared 1.3%, while the Dow Jones Industrial Average (^DJI) jumped 265 points, or 0.7%. The technology-heavy […]
Federal Reserve Chair Jerome Powell said Tuesday the “disinflationary process” in the U.S. economy has begun, and said additional rate hikes will likely be necessary to bring inflation back to its 2% target. Speaking in an interview with David Rubenstein at the Economic Club of Washington, D.C., Powell reiterated his […]
U.S. stocks closed higher Tuesday, even as Wall Street processed hawkish rate talk from Federal Reserve officials and remarks on inflation from Chair Jerome Powell at an event hosted by Sweden’s central bank. The S&P 500 (^GSPC) rose 0.7%, and the Dow Jones Industrial Average (^DJI) added nearly 200 points, […]
Federal Reserve Chairman Jerome Powell on Tuesday emphasized the need for the central bank to be free of political influence while it tackles persistently high inflation. In a speech delivered to Sweden’s Riksbank, Powell noted that stabilizing prices requires making tough decisions that can be unpopular politically. related investing news […]
“Hasten slowly and ye shall arrive” said the ancient Tibetan poet, Milarepa. The Federal Reserve Board clearly does not share this philosophy. It has tightened monetary policy at a dizzying pace, taking short-term rates from near zero at the beginning of 2022, to above 4.25%, an increase of more than […]
Emma Powell, the owner of Highrise Group, naturally gravitated toward real estate after watching her childhood home be built from the ground up. To build her empire, Powell employed a strategy she referred to as the “slow flip.” Today, Powell owns 93 units spread across Arkansas, Idaho, and Utah, and […]