News
Fed’s Warsh Promises Congress a Hard Line on Inflation Amid Looming Risks
54+ min ago (444+ words) Consumer prices jumped 3.5% in June. That’s higher than the Fed’s preferred 2% inflation rate, but lower than the 4.2% May rate. Hawks looking for evidence a rate hike is urgently needed haven’t found it yet. CME’s FedWatch tool placed the likelihood of…...
Japanese Yen Hits 40-Year Low as Market Bets on Fed Rate Hike
2+ week, 1+ day ago (468+ words) Long considered a safe-haven asset during times of global volatility, the Japanese currency is causing jitters for currency investors. The last time the Japanese yen was this weak against the greenback, The Oprah Winfrey Show was making its national debut,…...
‘Hawkish Hold’ in Interest Rates, Iran Turmoil Prompt Advisors to Rethink Second Half of 2026
2+ week, 2+ day ago (642+ words) Wealth managers are keeping an optimistic, but realistic, outlook for the second half of the year. At the midway point of 2026, resilience has become the theme for both the financial markets and the economy. The question is how long that…...
Wall Street Is Preparing for Kevin Warsh’s First FOMC Meeting as Head of the Fed
1+ mon, 55+ min ago (491+ words) It’s Warsh’s world; we just live in it. The Federal Open Market Committee (FOMC) meets for the first time this week under new Federal Reserve chair Kevin Warsh. With the labor market looking solid but inflation jumping to a three-year…...
Can Kevin Warsh Tame the Fed’s $6.7 Trillion Balance Sheet?
1+ mon, 1+ day ago (651+ words) Kevin Warsh has a long to-do list for the Federal Reserve. But one of the biggest challenges of Warsh’s chairmanship will be following up on his pre-confirmation goal to shrink the Bigfoot-sized footprint the Fed has on the financial markets....
Labor Department Reports Inflation at 4.2% in May, and Energy’s Not the Only Problem
1+ mon, 4+ day ago (384+ words) Labor-intensive services such as gardening, home healthcare and day care and preschool were all significant drivers of inflation. As summer approaches, the consumer price index is unfortunately trending in the same direction as the thermometer. Annualized inflation accelerated to 4.2% in…...
Don’t Blame AI for College-Grad Unemployment
1+ mon, 1+ week ago (322+ words) The Federal Reserve Bank of New York says remote work is a driving force behind the rise in unemployment among young college graduates. College graduates, it’s time to stop moping about AI and hit the career fairs. Jobs are back....
Fresh Jobs Data May Help Fed Gauge How Much AI Strains US Labor Market
1+ mon, 2+ week ago (476+ words) The US Bureau of Labor Statistics will be reporting May’s much-anticipated employment figures at the end of the week. If you’re spending this Monday morning thinking about Friday, you’re not alone. Wall Street is, too, if perhaps for different reasons....
Inflation Isn’t Retiring Anytime Soon. Your Clients Should Be
1+ mon, 2+ week ago (691+ words) Retirement planning is much more dynamic than a decade ago, and financial advisors are rewriting the playbook. Inflation is proving that clients hitting their “golden years” may actually need more gold in their portfolio than you projected. “The old rules…...
What Advisors Expect from the New Federal Reserve Chair
1+ mon, 2+ week ago (405+ words) Meet the new boss. “Over the longer term, Warsh may introduce a subtle to moderate, dovish sway,” said Matt Wilson, portfolio analyst at Storen Financial. “Immediate or drastic changes are unlikely.” “We must keep in mind that 12 officials vote on…...