Heavy interest in US swap futures signals worry about higher rates for longer
Investors piled into U.S. swap futures early this week after a sharp back-up in Treasury yields, as investors scrambled to hedge against further increases in borrowing costs — a sign of concern that rates could stay elevated for longer.
Bull or bear market? AI spurs rethink of traditional market measures
Everyone knows Wall Street calls a 20% drop in a major index a bear market. But what do you call it when the index posts big gains and losses practically every day and is still way up for the year?
Fed’s Goolsbee says rate cuts may need to wait until 2027
Chicago Federal Reserve President Austan Goolsbee on Tuesday said interest-rate cuts may need to wait until 2027, depending on how long oil prices stay high.
VIEW US growth picks up; PCE inflation is higher but in line with expectations
U.S. economic growth picked up in the first quarter on a rebound in government spending, but the increase is likely temporary as the drives up gasoline prices and squeezes household budgets.
Fed’s Goolsbee says he’s disappointed by latest inflation read
Chicago Federal Reserve President Austan Goolsbee said on Tuesday that the government’s report showing accelerating consumer inflation last month contained the “unexpected disappointment” of rising services inflation that is…
Fed’s Kashkari says labor market looking better, inflation worse
Minneapolis Federal Reserve President Neel Kashkari said on Wednesday that the U.S. labor market looks “a bit better” than it did earlier this year, while the Iran war has worsened inflation that already was running too high, views…
Wells Fargo profit rises on interest income, trading boost
Wells Fargo’s profit rose in the first quarter, aided by higher income from interest payments and as its traders reaped benefits from volatile markets.
JPMorgan profit rises as volatile markets drive trading division
JPMorgan Chase reported a rise in first-quarter profit on Tuesday as its trading division got a boost from volatility across global markets.
Bond investors target steeper US yield curve on bets for slower growth, more debt issuance
Bond investors are doubling down on so-called “curve steepener” trades that are bullish on short-dated U.S. Treasuries but bearish on the long end, reflecting expectations that the Federal Reserve will eventually resume cutting interest rates.
SEC clears path for tokenized stocks, bringing the market closer to 24/7 trading
The long awaited Innovation Exemption comes two days after the Senate voted to block the Clarity Act crypto market structure bill from advancing.