Warsh likely to side with financial markets over Trump as Fed rate hike expected
WASHINGTON (AP) — Barely four months into the job, Federal Reserve Chair Kevin Warsh is stuck between two strong and opposing forces: Financial markets that anticipate the central bank will raise interest rates, and President Donald Trump, who wants the Fed to cut them or leave them unchanged.
Economists expect that on Wednesday,
Read MoreStocks gain on AI optimism; lower oil helps bonds
By Karen Brettell
NEW YORK, Sept 21 (Reuters) – Global stocks rose on Monday as fresh evidence of booming AI demand lifted tech shares, while oil fell on reports that more supply was leaving the Gulf than previously thought, despite the ongoing conflict.
The bond market, which endured a sixth straight weekly selloff last week amid rising interest rates and stubbornly high oil prices,
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Read MoreThe Burst
Market Commentary: Billionaire Buys Gold, Explains Why
In the pantheon of investors, Stanley Druckenmiller is revered as one of the best. When he managed money he had a track record over 30 years of 30% plus returns annually net of fees. Truly a spectacular record.
Read MoreThe Ivy
Red Hot Inflation, Volatility Soars And Scary Prediction
When the CPI news hit the wires, the market immediately started to sell off on Wednesday. Concerns rose that inflation, which many thought had tempered, was in fact red hot.
Translation: The Federal Reserve would be less likely to cut rates. And since rate cuts have been priced in, the only way for the market to go was down,
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