Powell: time to retire transitory

Christine Lagarde (right), European Central Bank President, and Vice President Luis de Guindos (left) Thomas Lounes | Getty Images News | Getty Images Federal Reserve Chairman Jerome Powell surprised market players earlier this week when he adjusted his tone on inflation. Now, economists in Europe say the European Central Bank needs to do the same. … Read more

Oil prices could soar to $150 in a fully reopened world: Jefferies

Oil prices could move “significantly above” current levels due to the deep world’s dependence on fossil fuels and could reach $150, says Christopher Wood of Jefferies. “In a world that’s really reopened — which is a big thing — the price of oil could go up exponentially,” Wood, the investment bank’s global head of equity … Read more

Treasury yields rise amid omicron, Fed taper concerns

US Treasury yields rose Wednesday morning, amid investor concerns about the omicron variable and the Fed’s plans likely to scale faster than expected. The yield on the benchmark 10-year Treasury rose 6 basis points to 1.5005% at 4:15 AM ET. The yield on the 30-year Treasury added 5 basis points to 1.8362%. Returns move inversely … Read more

Inflation euro zone November 2021

A sign showing entry only “2G”, which is the German term for people who have been vaccinated against or recovered from the coronavirus. Jens Schluetter | Getty Images News | Getty Images Preliminary data on Tuesday showed that the inflation rate in the euro zone rose to a record high in November, raising more questions … Read more

Strategists urge investors to look through omicron volatility and stay the course

A trader works inside a booth on the floor of the New York Stock Exchange (NYSE), November 8, 2021. Brendan McDermid | Reuters LONDON – Stock markets may face several weeks of volatility in the wake of the emergence of the Covid-19 omicron variant, but strategists and economists are warning investors against taking hasty action. … Read more

Fed Chair Powell says omicron variant poses risk to economy, complicates inflation

Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing, and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, US, September 28, 2021. Kevin Deitch | Reuters Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and the recent rise in coronavirus … Read more

Fed’s Bostic says he remains open to faster taper, 1 or 2 hikes in 2022

Rafael Bostic, President and CEO of the Federal Reserve Bank of Atlanta. Elijah Novelj | Bloomberg | Getty Images Atlanta Federal Reserve Chairman Rafael Bostic said Friday he hopes the US economy’s momentum will carry him through the next wave of the coronavirus pandemic, and said he remains open to accelerating the central bank’s bond … Read more

Turkey uncertainty leaves little appeal for investors, strategist says

Turkish President Recep Tayyip Erdogan (center) delivers a speech on stage, against the background of Turkish lira banknotes, during the 2019 annual assessment meeting. Ankara, January 16, 2020. Adam Altan | France Press agency According to Ozan Ozkoral, managing partner at boutique investment firm Tanto Capital Partners, the unpredictability of Turkey’s fiscal and monetary policy … Read more

Why the euro is undergoing a ‘fundamental realignment’

The euro currency symbol appears in the visitor center of the European Central Bank (ECB) building in Frankfurt, Germany. Alex Krause | Bloomberg | Getty Images The euro has exploded over the past month with the resurgence of Covid-19, European Central Bank policy divergence and political uncertainty. As of Tuesday morning in Europe, the single … Read more

Treasury yields fall following Powell renomination

US Treasury yields fell on Tuesday morning, as investors continued to digest the news that Jerome Powell had been re-nominated as Federal Reserve Chair. The yield on the benchmark 10-year Treasury fell less than a basis point to 1.6236%. The yield on the 30-year Treasury fell less than a basis point at 1.9699%. Returns move … Read more