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32%  
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Keyword: interst

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  • Jerome Powell plans to cut interest rates despite persistent inflation — and the American people could lose big

    02/18/2024 10:31:31 AM PST · by tlozo · 38 replies
    The New York Post ^ | Feb 17, 2024 | Charles Gasparino
    Federal Reserve chairman Jerome Powell is not known for his resolve. It’s the main reason why the new and emerging consensus among Wall Street Fed watchers is that he will cut interest rates at least twice this year despite signs of persistent inflation, the Post has learned. If the CEOs and top executives who follow the Fed can be believed — and these folks have sources inside the central bank’s building in DC — Powell is already brushing off last week’s high inflation reads as a likely anomaly. His first rate cut since he started to raise them in March...
  • 'Closed Economy'? The World Is a Closed Economy! (Understanding Interest Rate Changes)

    08/12/2003 4:59:15 PM PDT · by shrinkermd · 7 replies · 387+ views
    Wall Street Journal ^ | 12 August 2003 | By DAVID GOLDMAN
    <p>Rarely in the course of market events have so many been so wrong about so much. Two months ago, the pundits warned us that Japanese-style deflation was upon us in the form of collapsing bond yields. When the 10-year Treasury yield jumped to an intraday peak of 4.6% on Aug. 1 from close to 3%, we heard that soaring interest rates endangered the financial markets. Now the 10-year yield has settled down at the benign level of around 4.25%.</p>