By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) -The Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move[...]
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March 7, 2023
Citadel’s Griffin says the Fed needs more consistency to tame inflation
By Carolina Mandl NEW YORK (Reuters) – Billionaire investor Ken Griffin, the founder of Citadel and Citadel Securities, said on Tuesday the Federal Reserve needs more consistency of communicatio[...]
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BlackRock sees ‘reasonable chance’ of Fed raising rates to 6%
By Davide Barbuscia NEW YORK (Reuters) – The U.S. Federal Reserve could raise interest rates to 6% and keep them there for an extended period of time to fight inflation, said Rick Rieder, chief[...]
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Marketmind: Jay walks the walk, markets get Powell-slammed
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. To slightly mangle Bruce Springsteen’s “Born To Run”: the market’s jammed with[...]
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Wall St ends sharply lower, Treasury yield inversion widens after Powell remarks
By Stephen Culp NEW YORK (Reuters) – U.S. stocks plummeted, the greenback jumped and the Treasury yield inversion hit its steepest mark in more than four decades on Tuesday as Federal Reserve Ch[...]
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Fed’s Powell acknowledges slimmer corporate profits could help curb inflation
By Howard Schneider WASHINGTON (Reuters) – It wasn’t volunteered, but Federal Reserve Chair Jerome Powell on Tuesday made his most extensive comments to date on the role corporate profits[...]
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Oil falls by $3/bbl as investors brace for steeper US rate hikes
By Laila Kearney NEW YORK (Reuters) -Oil prices fell by $3 a barrel on Tuesday after comments from U.S. Federal Reserve Chair Jerome Powell stoked rate hike fears, the dollar strengthened and top crud[...]
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Fed’s Powell again rejects idea of raising inflation target
By Michael S. Derby (Reuters) – Federal Reserve Chair Jerome Powell said on Tuesday the U.S. central bank’s decade-old 2% inflation target has in years past been a key factor in keeping in[...]
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Dollar jumps as Powell flags higher terminal rate
By Karen Brettell NEW YORK (Reuters) – The dollar hit a three-month month high against a basket of currencies on Tuesday after Federal Reserve Chair Jerome Powell said the U.S. central bank is l[...]
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