This week in Trumponomics: War on the Fed Trump has found a new scapegoat for his tariff failures: Federal Reserve Chair Jerome Powell. Brace for more market instability.
Busy US earnings week confronts market grappling with tariff fallout
By Lewis Krauskopf NEW YORK (Reuters) – A heavy slate of U.S. company results in the coming week will test a stock market shaken by a U.S. trade policy overhaul that upended the outlook for the global economy and corporate …
Rates are actually lower than last year
The average 30-year and 15-year fixed mortgage rates have each increased by 21 basis points this week, according to data from Freddie Mac. The 30-year interest rate is now 6.83%, and the 15-year rate is 6.03%. There is some good …
Crypto Exchange Kraken Launches FX Perpetual Futures, Offers 24/7 Trading in Forex Majors
Crypto exchange Kraken has launched FX perpetual futures, expanding into traditional markets with round-the-clock trading for major forex pairs, the company said in a blog post Friday. The first contracts, EUR/USD and GBP/USD, are now live on Kraken Pro, with …
Fed’s Daly Says Rates on Hold But Cuts Still Possible This Year
(Bloomberg) — Federal Reserve Bank of San Francisco President Mary Daly said the US central bank may hold interest rates longer than anticipated due to inflation risks, but could yet cut later this year. Most Read from Bloomberg “The risks …
Companies Are Beating Q1 Earnings Estimates So Far. Some Big Results Are Up Next
Photo by VCG / VCG via Getty Images Teslas are driven onto a ship for export from China earlier this month The first-quarter earnings season is off to a softish start by some measures, according to new research, but another …