JPMorgan Chase was supposed to benefit from higher interest rates. But CEO Jamie Dimon, like peers, is now contending with increased competition for deposits, potential losses on corporate bond portfolios and choppy trading markets that have sapped revenue.
President Donald Trump says the Fed is "loco" for moving too aggressively to raise U.S. interest rates. And his arguments for saying so aren't entirely, well, crazy. But Federal Reserve Chair Jerome Powell says higher rates are needed to prevent future inflation. And when it comes to monetary policy, he's got the power.
One of the biggest perks to closed-end funds is that they offer an income stream and that can be a valuable part of your investment portfolio. Watch now for more.
A report Friday from the Department of Labor showed the U.S. added 134,000 jobs last month. That's a slowdown from the 207,000 jobs created in August.
The economy is running hot, without stoking runaway inflation, and Federal Reserve Chairman Jerome Powell is claiming some of the credit -- thanks to new-and-improved methods used by central bankers to set U.S. interest rates.
Where the Fed stands, what to expect over the next few meetings, and what the market may not be pricing in yet.
The Federal Reserve raised interest rates by 0.25 percentage point to a range between 2% and 2.25%. Some Fed watchers speculate that the current rate-hiking cycle, begun in 2015, could come to an end -- or at least a pause -- as soon as next year.
U.S. Treasury yields continued to climb in early Friday trading, taking benchmark 10-year notes to a six week high and closer to the 3% threshold, as the cost of funding last year's Republican-led tax cuts continues to impact the world's biggest bond market.