ETF Trends CEO Tom Lydon and Baird Investment strategy analyst Ross Mayfield discuss the impact of the Ukraine crisis on US stocks on 'The Claman Countdown.'told Congress on Wednesday that he plans on proposing a 25 basis point interest rate hike at the central bank's upcoming March meeting, as the U.S. economy battles soaring inflation not seen in four decades.
Federal Reserve Board Chair Jerome Powell testifies about 'monetary policy and the state of the economy' before the House Financial Services Committee on March 02, 2022 in Washington, DC.
Powell added that the central bank is "prepared to move more aggressively by raising the federal funds rate by more than 25 basis points" at future meetings.The Fed chair also said he expects to "make good progress toward an agreement on a plan to shrink the balance sheet," but that it would not be finalized this month.
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, D.C., U.S., on Tuesday, Jan. 11, 2022.officials have signaled for months that interest rate increases were coming, and Powell said Tuesday that before Russia invaded Ukraine he would have expected a series of increases in the near future but that the war could now have an impact on the central bank's actions.
25 bps will be feckless. How long can banks lose money on every long term loan where interest paid is lower than inflation by 5%?
If anyone's heart is open to help Ukraine financially please send the money to Cash app account $YuriyPostoronka, the money will go to provide people with food,water,blankets, clothes, medicine etc. God bless you all 🙏
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Officials predict peak bloom for cherry blossoms on March 22-25National Park Service officials announced Tuesday that the District’s cherry blossoms will reach their peak bloom in the Tidal Basin between March 22 and 25, a hopeful sign of spring as the annual festival returns in-person for the first time in three years.
Source: WashTimes - 🏆 235. / 63 Read more »
Traders fret about a growth slowdown as Fed Chair Powell faces a dilemma on ratesWar in Ukraine may slow down growth, but it also stokes inflation. The Federal Reserve must weigh these factors. Hm, i don’t know. When inflation is out of control, traders will lose more.
Source: CNBC - 🏆 12. / 72 Read more »
Powell Says Fed Is on Track to Raise Rates in Two WeeksThe Fed chairman said it was too soon to tell how Russia’s invasion of Ukraine and its repercussions would influence the U.S. economy, but his remarks suggested growing urgency to tighten policy. GREAT. 四川省攀枝花市72岁老太去攀煤公司大宝顶矿信访惨被殴打虐待（2016年5月10日），警方居然判定“摔伤”且处罚两替死鬼各100元；家属依法维权却被非法拘禁、人身伤害、软禁、全家威胁、打压迫害，至今未得解决，公正律法尚存？ 恳请您关注、帮助、转发，诚请媒体做事实报道，寻公平正义~ I wish our leaders also too cautious to judge & too careful to dish out all kinds of damaging blows to other economies around the world— all in this together spirit than destroying livelihoods on one hand & charity on the other. As JP said it’s too soon to tell Ukraine’s saga.
Source: WSJ - 🏆 98. / 63 Read more »
Powell tells Congress that Fed will raise rates this monthWASHINGTON (AP) — Federal Reserve Chair Jerome Powell made clear Wednesday that the Fed will begin raising interest rates this month in a high-stakes effort to restrain surging inflation. In prepared testimony he will deliver to a congressional committee, Powell cautions that the financial consequences of Russia's invasion of Ukraine are “highly uncertain.” He says the Fed will “need to be nimble” in responding to unexpected changes resulting from the war or the sanctions that the United States and Europe have imposed in response. An obscene profits tax would be good after record net profits and ludicrous CEO raises while corporations unnecessarily raise prices. It's getting certain from Biden's State of Union that US more interested in giving democracy certificate to nations rather than stabilizing global economy, reducing inflation & improving supply chains. Russia conflict must not go Afghan, Iraq or Libya way which destroyed nations Chair Jerome Powell says that he supports a traditional quarter-point increase in the Federal Reserve's benchmark short-term interest rate when the Fed meets later this month, rather than a larger increase that some of its policymakers have proposed.
Source: AP - 🏆 728. / 51 Read more »
Fed aims to raise interest rates this month, Chairman Powell saysChairman Jerome Powell said the Fed will “need to be nimble” in responding to changes resulting from the Russian invasion of Ukraine and sanctions being imposed by the U.S. and Europe. Bad move you people need to check with the banks on where lenders are if theirs people in the process of lending why change the rate faster than people can even respond is dumb those fast fluctuation in interest rates shakes of borrowers.
Source: PennLive - 🏆 463. / 53 Read more »
Powell tells Congress that Fed will raise rates this monthWASHINGTON (AP) — Chair Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark short-term interest rate when the Fed meets…
Source: denverpost - 🏆 13. / 72 Read more »