JPMorgan Chase CEO Jamie Dimon warns that persistent inflation, ongoing wars, and the Fed's tightening means there's a need for preparedness as the US economy may inevitably fail.
Federal Reserve
The Federal Reserve is facing pressure to implement more aggressive rate cuts amid a weakening jobs market.
Asian markets are poised for further gains after US markets' positive reaction to the Federal Reserve's signal that interest rates could be slashed by 75 basis points this year.
Federal Reserve and European Central Bank are set for major interest rate cuts, with BIS Chief Carstens noting progress in addressing inflation while cautioning central bankers to remain vigilant.
JPMorgan Chase CEO Jamie Dimon is urging the US Federal Reserve to exercise patience and refrain from cutting interest rates until after June.
Federal Reserve Governor Christopher Waller has affirmed that the US dollar will remain the world's reserve currency.
The Federal Reserve has indicated a cautious approach towards cutting US interest rates.
Former President Donald Trump has voiced his disapproval of Federal Reserve chair Jerome Powell's handling of the economy.
The US dollar has slipped to a five-month low against the euro and several other currencies,
After the Federal Reserve signaled it could start cutting interest rates next year if inflation continues to fall, the Dow Jones Industrial Average closed at a new record high.
According to the latest CNBC Fed Survey, there is a growing expectation that the Federal Reserve will initiate rate cuts in June 2024.
Federal Reserve Chairman Jerome Powell has dismissed market speculations for aggressive interest rate cuts ahead.
Amid signs of an economic slowdown, ING Economics predicts that the US Federal Reserve will cut interest rates six times in 2024.
After the victory of the Republican Donald Trump last week, the Vice Chairman of the Federal Reserve Stanley Fischer reiterated on Friday his request for the actual implementation of Trump’s promise during campaign that he will provide an additional fiscal policy stimulus to the US economy.
Despite that it is election day for America, FED urges fiscal investments.
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