The European Central Bank cut interest rates for the seventh straight time Thursday, lowering its key rate to 2.25% in a move anticipated by President Donald Trump, who seized the moment to launch a fresh attack on Fed Chair Jerome Powell.
U.S. President Donald Trump on Thursday lashed out at Federal Reserve Chair Jerome Powell on Tuesday, calling him "Too Late and Wrong" over the central bank's ongoing reluctance to cut interest rates, just as market forecasts increasingly price in a prolonged Fed pause. What Happened: "The ECB is expected to cut interest rates for the 7th time," Trump posted on social media.
President Donald Trump joined preliminary tariff negotiations with Japanese officials on Wednesday, calling the discussions a ?great honor? and claiming ?big progress? as the two economic powers navigate contentious trade issues.
Federal Reserve Chair Jerome Powell said Wednesday that the U.S. is preparing to relax certain cryptocurrency and banking regulations, marking a notable shift in tone toward the digital asset sector.
Retail sales in March grew at the fastest pace in over two years, underscoring how American consumers accelerated their spending ahead of anticipated price distortions stemming from President Donald Trump?s tariffs. According to advance estimates from the U.S. Census Bureau, retail and food services sales rose to $734.9 billion in March 2025.
President Donald Trump?s tariff policies, which have sent global markets reeling over the past few weeks, are rooted in his dislike of the U.S. trade deficit. While his wide-ranging tariffs ignited backlash from economists, the underlying concern isn't new.
President Donald Trump?s tariff policies, which have sent global markets reeling over the past few weeks, are rooted in his dislike of the U.S. trade deficit. While his wide-ranging tariffs ignited backlash from economists, the underlying concern isn't new.
In a recent survey conducted?by the Federal Reserve Bank?of New York, U.S. consumers have displayed growing apprehension about a potential increase in unemployment. What Happened: The survey, carried out in March, showed Americans attributing a 44% chance to the country?s unemployment?rate being higher a year?from now.
After reporting better-than-expected first quarter results, Goldman Sachs Group Inc. (GS) highlighted in its earnings call that the bank navigated the market volatility with record equity revenue and warned about ?material risks? to the U.S. and global economies amid the ongoing trade war.
American Economist Jeffrey D. Sachs cautioned that the United States is likely once more steering the global economy toward catastrophe ? signaled by last week?s staggering two-day, $10 trillion market-value drop. What Happened: "If something wipes out $10 trillion of Market CapEx in two days, you're probably on the wrong track.
A potential dovish shift by the Federal Reserve, driven by disinflationary pressures stemming from President Donald Trump's tariff policies, could markedly reshape institutional investor sentiment toward cryptocurrencies in the coming quarters.
BofA Securities analyst Mihir Bhatia upgraded American Express Co (AXP) from Neutral to Buy and lowered the price target from?$325?to?$274 Friday. Bhatia noted the current downtick offers long-term oriented investors an opportunity to buy a high-quality company at a reasonable valuation. To be sure, the macro environment is uncertain and GDP growth is likely slowing.
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 300 points on Friday. The Dow traded up 0.78% to 39,903.35 while the NASDAQ gained 1.14% to 16,573.81. The S&P 500 also rose, gaining, 0.92% to 5,316.66. Check This Out: Top 2 Consumer Stocks That May Collapse This Quarter Leading and Lagging SectorsInformation technology shares surged by 1.2% on Friday.
A sharp collapse in consumer confidence is setting off alarms from Main Street, with fresh inflation fears and growing recession risk fanning concerns that the U.S. economy is heading toward a painful stagflationary mix not seen since the early 1980s.
In a CNBC interview Friday, Minneapolis Federal Reserve President Neel Kashkari raised concerns that investor sentiment may be shifting away from the U.S., citing unusual market movements amid ongoing trade tensions. What To Know: Treasury yields have surged while the dollar has weakened?an atypical reaction during geopolitical uncertainty.
Housing inflation is finally showing signs of easing, with the Consumer Price Index for March posting a 4% year-over-year increase in housing costs ? the slowest uptick since November 2021. Yet, buyers still grapple with steep price tags and volatile mortgage rates. Throughout 2024, mortgage rates soared past 8%, but they've since receded to an average of around 6.76%, per recent Bankrate data.
Commerce Secretary Howard Lutnick offered a forceful defense of the Donald Trump administration's tariff policies, emphasizing the United States' role as a key consumer of global goods. What Happened: "We are the world's customer. Lutnick cited a U.S. gross domestic product of $29 trillion, with Americans purportedly spending $20 trillion.
Renowned macroeconomic expert Nouriel Roubini, also referred to as ?Dr. Doom? or ?permabear,? a moniker he earned by correctly predicting the 2008 financial crisis, has a bullish outlook on the U.S. and global economy, defying several Wall Street forecasts in recent weeks.
Despite a surprisingly soft inflation report and President Donald Trump?s temporary trade truce, U.S. Treasury yields rose Thursday, suggesting that bond investors remain skeptical of a near-term Fed pivot and are bracing for prolonged policy uncertainty.
As President Donald Trump initiated a tariff plan that many critics label stagflationary, key figures in the Federal Reserve, including Mary Daly, president of the Federal Reserve Bank of San Francisco, signaled that the central bank might delay further rate cuts.
JPMorgan analyst Jeremy Tonet sees utility companies relatively well-positioned amid concerns that recent tariff hikes could trigger a global recession. What Happened: JPMorgan projects a -0.3% U.S. GDP contraction in 2025.
Shares of the Industrial Select Sector SPDR Fund (XLI) are trading higher by 2.7% to $120.53 during Tuesday?s session, rebounding following recent weakness. The industrial sector?highly sensitive to trade policy and global growth?is among the hardest hit over the past week, with XLI dropping alongside escalating concerns about weakening demand, higher costs and disrupted supply chains.
Bitcoin plunged to as low as $74,804 on Monday, marking its lowest level in months and igniting fresh concern across crypto markets. The sudden drop followed President Donald Trump's sweeping tariff announcement, which has reignited fears of a global recession and triggered a sharp sell-off in risk assets?including cryptocurrencies.
Last week, the price of WTI crude oil recorded its largest weekly loss in two years after President Donald Trump announced a tougher-than-anticipated set of tariffs, prompting swift retaliation from China, the world's largest importer of oil.
Bets on an emergency Federal Reserve rate cut are rising sharply Monday, as mounting fears of a looming U.S. recession and sudden, severe stock market crashes ? already erasing trillions in market value ? prompt speculators to anticipate swift central bank action ahead of scheduled meetings.
An old clip from The Men Who Built America is causing an uproar on social media as financial markets reel from Donald Trump's tariff policies. In the 2012 History Channel mini-series, Trump said, "I find that I do better in bad markets," adding that downturns create the best buying opportunities.
The Donald Trump administration and the Federal Reserve are signaling a lack of relief amid escalating trade tensions and policy uncertainty. What Happened: According to Craig Shapiro from 3-Circle Investments by The Bear Traps Report, the absence of this perceived ?Trump put? or ?Fed put? could trigger a swift and significant market downturn.
The odds of the Federal Reserve implementing an emergency rate cut soared dramatically on the prediction platform Polymarket as stocks and cryptocurrencies tumbled over tariff concerns. What Happened: Bets in favor of the contract titled "Fed emergency rate cut in 2025?" rose from 20% to 36% over the last 24 hours on the Polygon -based platform. Over $149 million has been wagered on the outcome.
President Donald Trump publicly urged the Federal Reserve to cut interest rates, but prediction market data shows that bettors remain skeptical the central bank will act in May. What Happened: According to decentralized forecasting platform Polymarket, 72% of market participants believe the Federal Reserve will hold rates steady at its next meeting on May 7, with only 24% pricing in a 25 basis ...
Federal Reserve Chair Jerome Powell signaled a cautious policy stance on Friday, hinting that slowing economic momentum is not yet enough to ease the Federal Reserve's inflation concerns, as higher tariffs threaten to complicate the path toward price stability.
While the world focused on escalating global trade tensions, the Bureau of Labor Statistics reported Friday that nonfarm payrolls surged by 228,000 in March, far better than economists? forecasts of 135,000.
U.S. stocks traded lower this morning, with the Dow Jones index dipping more than 1,100 points on Friday. The Dow traded down 2.82% to 39,401.43 while the NASDAQ fell 3.59% to 15,955.66. The S&P 500 also fell, dropping, 3.20% to 5,223.96. Check This Out: Top 3 Financial Stocks That May Fall Off A Cliff In April Leading and Lagging SectorsConsumer staples shares fell by just 0.5% on Friday.
As Wall Street crumbles from the impact of tariffs, cracks are still not visible in the U.S. labor market, which continues to show resilience and defies investor fears of economic weakness. In March, nonfarm payrolls surged by 228,000, the Bureau of Labor Statistics reported Friday. Private sector payrolls surged by 209,000, the highest since December 2024.
As newly announced trade tariffs rattle markets, the U.S. labor market stands as the last major pillar of strength in an economy increasingly defined by President Donald Trump?s policy decisions.
The iShares Russell 2000 ETF (IWM), which tracks small-cap stocks, plunged 6.5% on Thursday as President Donald Trump's sweeping reciprocal tariffs roiled financial markets and heightened concerns about an economic downturn. Trump on Wednesday declared a national emergency to impose reciprocal tariffs, citing a persistent trade deficit.
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President Donald Trump declared a national emergency to unveil his list of reciprocal tariffs on some of America?s biggest trade partners. This act by the White House marks the biggest upheaval in global trade in decades, which Trump claims is being done to ?strengthen the international economic position of the United States? and ?protect American workers.
The probability of a U.S. recession has surged to its highest level in two years as JPMorgan Chase & Co. signals that President Donald Trump's trade policies could deliver a bigger shock to business sentiment, global supply chains and central bank flexibility than previously expected.
BlackRock CEO Larry Fink raised serious concerns about the long-term health of the U.S. economy, warning that unchecked national debt and growing fiscal deficits could undermine the dollar's dominance as the world's reserve currency.
Goldman Sachs Research has said in their recent note that the S&P 500 might be vulnerable to deeper declines, however, analyst says a ?major policy pivot? by the Donald Trump-led administration or the central bank could help the markets recover.
BOC Aviation Ltd. (BCVVF) has signed agreements to acquire 50 Boeing Co (BA). 737-8 jets and 70 Airbus SE A320neo aircraft, the Singapore-based leasing firm said Monday. The financial terms were not disclosed. BOC Aviation (BCVVF), originally wholly owned by Bank of China, has a 30% stake listed on the Hong Kong Stock Exchange. Read Next: Image via Shutterstock
In the wake of hints from the Federal Reserve about possible monetary easing, Bitcoin and other cryptocurrencies are projected to experience a price surge in April. What Happened: Recent report revealed a drop in Bitcoin?s price to approximately $80,000 per Bitcoin, after nearly reaching $90,000 earlier in the week.
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Economic data released Thursday morning showed a marginal upward revision to U.S. gross domestic product growth for the fourth quarter of 2024, alongside a narrower but still historically high goods trade deficit for February.
Walmart Inc.? has witnessed a massive $22 billion loss in market capitalization following declining consumer confidence data. What Happened: Walmart?s stock price fell by 3.1% at market close on Tuesday, leading to a sharp decline in its market value to nearly $680 billion.
The first quarter of 2025 saw a notable decrease in economic optimism among chief financial officers, with the latest CFO Survey pointing to tariffs and market uncertainty as primary drivers. What Happened: The quarterly survey conducted by Duke University and the Federal Reserve Banks of Richmond and Atlanta highlights insights from financial decision makers.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the ?Fear? zone on Tuesday. U.S. stocks settled slightly higher on Tuesday, extending gains from the previous session with investors awaiting more clarity on tariff developments and digested a downbeat consumer confidence report.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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