By Jeffrey Halley The second day of Jerome Powell’s semi-annual testimony on Capitol Hill passed without incident, in contrast to Wednesday’s frenzy. The Fed Chair reiterated an unconditional commitment to fight inflation,
By Jeffrey Halley Federal Reserve Chairman Jerome Powell’s semi-annual testimony on Capitol Hill was the centre of attention overnight. Speaking to Congress on Wednesday, Powell finally dispensed with soft landings, describing them
By Craig Erlam European stock markets are falling heavily again on Wednesday, reminding us once more why we shouldn’t get excited by the bear-market rallies. There’s a desperation to add substance to
By Jeffrey Halley ‘Gone in 60 Seconds’ was a 2000 movie with Nicholas Cage stealing 50 high-end cars in three days. It is actually a remake of my favourite 1974 version, where
By Lukman Otunuga, Senior Research Analyst at FXTM A sense of normalcy seems to be returning to financial markets after the brutal selloff in shares last week. Asian stocks rebounded on Tuesday
By Craig Erlam European stocks are making steady gains on Monday, recovering a small portion of last week’s heavy losses as economic concerns mounted. There’s been a shift in the market mindset
By Lukman Otunuga, Senior Research Analyst at FXTM Another wave of risk aversion engulfed markets Tuesday morning after Wall Street closed in a bear market overnight and Treasury yields jumped to levels
By Jeffrey Halley New York had another tumultuous session overnight, dominated by noise from the crypto sector where (un)stable coins continued to suffer from untethering. Either the crypto noise was pushing equities
By Jeffrey Halley The extent of the impact of China’s Covid zero-policy on the domestic economy was highlighted Thursday morning as the Caixin Services PMI for April recorded its second-largest fall on
OPINION: By Moody’s Analytics As many of us learned in Principles of Macroeconomics, the Federal Reserve had to aggressively tighten monetary policy to tame inflation in the late 1970s and early 1980s.
