Markets took a tumble yesterday. Part of the reason is the escalating trade war. But mostly, says John Stepek, it’s down to the Fed, the US central bank. Here’s why.
Last August the S&P’s bull market became the longest since World War II. Pundits have been predicting its end for some time now, but the economic backdrop suggests that there is no immediate reason to be bearish.
Donald Trump has called a truce in the trade war and won’t be imposing punitive tariffs on Chinese goods. John Stepek looks at what’s behind the decision, and what it means for you.
Jerome Powell went out of his way to placate liquidity-addicted markets last week. But if the US economy bounces back, the Fed may find itself having to raise rates – and very quickly too.
To the delight of investors, Jerome Powell has finally capitulated and embraced the “Greenspan put”. That could mean a stockmarket melt-up, says John Stepek – and full steam ahead to the next crisis.
The latest decision on interest rates from the Fed provided no comfort to markets – indeed, it supplied the impetus for the latest sell-off.
Alan Greenspan, the former chair of the Federal Reserve, is worried that the US is heading for a period of stagflation.
One of Wall Street’s most reliable signals of danger in the markets is flashing. Is it time to worry, asks Marina Gerner.
At the G20 summit in Argentina this weekend, the US and China struck a truce in their trade war. John Stepek looks at what it means for the markets, and for your money.
Stockmarkets shot up yesterday after the Federal Reserve said it would hold back on raising interest rates. John Stepek looks at what’s behind the change of heart and what it means for your money.
Markets are desperate for some crumbs of comfort from the US central bank. Previous Fed governors have been happy to oblige. But will the current boss, Jerome Powell, deliver?