Federal Open Market Committee
Bond Market Unsettled by Inflation Worries
At one point this month, for instance, the S&P 500 had fallen more than 10 percent, into the range known in market jargon as a correction, and the Nasdaq composite index was down more than 20 percent, into what Wall Street labels bear market territory, though both have since rallied. Still, the S&P 500 on […]
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Federal Reserve Walks a Tightrope Between Inflation and Recession
In an interview, James D. Hamilton, professor of economics at the University of California, San Diego, and a leading expert on the economic effects of oil shocks, said they had “made major contributions to recessions over many decades.” At current oil price and supply levels, the effects of the Russian war “are fairly manageable for […]
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Stock Markets Off to Worst Start Since 2016 as Fed Fights Inflation
After falling for a fourth day in a row on Friday, the stock market suffered its worst week in nearly two years, and so far in January the S&P 500 is off to its worst start since 2016. Technology stocks have been hit especially hard, with the Nasdaq Composite Index dropping more than 10 percent […]
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A Top Official Says the Fed Will ‘Grapple’ With a Faster Bond-Buying Taper
John C. Williams, president of the Federal Reserve Bank of New York, said the latest variant of the coronavirus could prolong the bottlenecks and shortages that have caused inflation to run hotter than expected, and is a risk Fed officials will assess as they “grapple” with how quickly to remove economic support. It is still […]
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