Why Rates Really Can't Rise Much From Here

Why Rates Really Can't Rise Much From Here

Beware the old way of thinking about the Fed.

Lousy Quarter for Wall Street Traders Adds to Profit Pressures at JPMorgan, Citi

Lousy Quarter for Wall Street Traders Adds to Profit Pressures at JPMorgan, Citi

Big Wall Street firms like JPMorgan Chase, Citigroup and Goldman Sachs, which are scheduled to release their second-quarter results next week, probably suffered revenue declines in their juggernaut bond- and stock-trading divisions, analysts say.

As Fed Chief Testifies, Bank of America Loses Nerve on Outlier Rate Call

As Fed Chief Testifies, Bank of America Loses Nerve on Outlier Rate Call

Bank of America economists last week had projected that the Federal Reserve wouldn't cut interest rates at a meeting later this month - a remarkable out-of-consensus call by the second-largest U.S. bank. But after Fed Chairman Jerome Powell's testimony on Wednesday before the House of Representatives, the economists now say there's little point in resisting the central bank's apparent resolve to move forward with a reduction.

5 Key Takeaways From the Fed Minutes and Powell's Testimony

5 Key Takeaways From the Fed Minutes and Powell's Testimony

This appears to be one of the most spirited debates within the Fed in several years.

U.S. Behind on Cryptocurrency Rules as Facebook Presses Ahead, Top Lawmaker Says

U.S. Behind on Cryptocurrency Rules as Facebook Presses Ahead, Top Lawmaker Says

U.S. Rep. Maxine Waters, a California Democrat who heads the House Financial Services Committee, tells Federal Reserve Chair Jerome Powell that regulators aren't prepared for the emergence of cryptocurrencies, amid gnawing fears that Facebook's proposed digital currency, Libra, might serve to erode the supremacy of the U.S. dollar in the global financial system.

Fed's Powell Tells Congress Economy Is 'Solid' but Sees 'Risk' of Weak Inflation

Fed's Powell Tells Congress Economy Is 'Solid' but Sees 'Risk' of Weak Inflation

Federal Reserve Chairman Jerome Powell says during his every-six-months testimony before the U.S. House of Representatives that uncertainties over global trade 'continue to weigh on the outlook.'

Bears Can't Block Buyers Ahead of Fed Testimony

Bears Can't Block Buyers Ahead of Fed Testimony

Despite anxiety over a possible slowdown and rate-cut decision at the end of the month, bears don't follow-through on Tuesday as buying picks up.

None and Done? This Economist Doesn't Think the Fed Will Cut Rates - At All

None and Done? This Economist Doesn't Think the Fed Will Cut Rates - At All

Futures-market investors see it as an absolute certainty that the Federal Reserve will cut interest rates later this month. But a few bold economists, including Pantheon's Ian Shepherdson, say the conviction isn't warranted.

Monday Trading Bogged Down by Fed, Trade Fears

Monday Trading Bogged Down by Fed, Trade Fears

Not even dip-buying could save Monday as concerns lingered over a looming Fed rate decision following good jobs news and over reports in Chinese press of a lack of trade progress.

Bank of America, U.S. Lenders Could See Stocks Drop as Fed Cuts, Goldman Warns

Bank of America, U.S. Lenders Could See Stocks Drop as Fed Cuts, Goldman Warns

Futures-market investors see it as a near-certainty that the Federal Reserve will cut interest rates later this month, after raising them from 2015 through last year. But a new report from Goldman Sachs warns that shareholders in U.S. banks like JPMorgan may not have fully accounted for the risk of shrinking lending margins.