Covid developments to rule the market once again in the week ahead after Friday’s rout

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, October 14, 2021. Brendan McDermid | Reuters Uncertainty over a new strain of the emerging coronavirus may continue to rattle markets, just as Friday’s employment report and other data next week show the economy is getting stronger. Stocks … Read more

If Biden picks Brainard over Powell for Fed chief, expect an immediate market impact

Federal Reserve Chairman Jerome Powell poses for photos with Federal Reserve Governor Lyle Brainard (left) at the Federal Reserve Bank of Chicago, in Chicago, Illinois, US, June 4, 2019. Ann Sapphire | Reuters If Lyle Brainard is appointed chairman of the Federal Reserve, the first step by financial markets may be to set rates in … Read more

Fed Vice Chair Clarida says another year of inflation like this one would not be ‘a policy success’

Richard Clarida, Vice President of the US Federal Reserve Board running for US President Donald Trump, speaks during a confirmation hearing for the Senate Banking Committee in 2018. Bloomberg | Bloomberg | Getty Images Federal Reserve Vice Chair Richard Clarida acknowledged on Monday that inflation is above the level the central bank considers desirable, and … Read more