Federal Reserve Chair Kevin Warsh will deliver his first major speech since taking the helm of the world’s most influential central bank, delivering the opening address on Friday morning at 10 a.m. New York time. The event is gradually becoming a crucial test of his commitment to more concise communication. Fed watchers are hoping the […]
Nvidia’s optimistic sales forecast boosted stock and futures prices, reinforcing investor optimism that this year’s artificial intelligence rally still has room to run. Nvidia shares rose 4.7% in after-hours trading after the company projected strong revenue growth through 2028, lifting other AI-related stocks including Marvell Technology Inc. and Sandisk Corp. Futures for the tech-heavy Nasdaq […]
After five days of gains, gold prices have consolidated as investors shift focus to the Federal Reserve’s interest rate path ahead of this week’s annual Jackson Hole meeting. Gold eased slightly to around $4,650 per ounce, down from a three-month high hit in the previous session. However, it still rose about 7% last week, driven […]
Following reports that the Treasury might use part of its cash reserves (TGA accounts) to repurchase less liquid U.S. Treasuries, Treasury Secretary Scott Bentsen has not issued any further signals regarding reforms to U.S. debt management. The latest update shows that at a press conference on Monday, when asked whether bond buybacks would soon increase, […]
U.S. Treasury Secretary Bessent said last Thursday that he would implement a “bond adjustment” policy by buying large amounts of long-term U.S. Treasury bonds—requiring the sale of more short-term securities. This echoes the Federal Reserve’s famous bond yield adjustment program from the 1960s. Bessent noted that current yields have deviated from their “equilibrium” levels. Treasury […]
An unexpected statement released by the U.S. Treasury on Wednesday provides the clearest evidence yet that recent selling pressure in long-term debt has raised concerns for Treasury Secretary Scott Bown. The Treasury announced it would at least double the scale of its bond repurchase operations, aiming to provide “greater liquidity support.” For Wall Street, however, […]
The minutes from the Federal Reserve’s latest policy debate show that several Fed officials supported a rate hike last month, with many indicating that tightening would be necessary if inflation does not subside. However, uncertainty continued to weigh heavily on Fed officials during their meeting on July 28–29. Released Wednesday in Washington, the Federal Open […]
On Tuesday, tensions between the U.S. and Iran sent shares of chip and artificial intelligence-related companies lower, dragging down broader markets. The Nasdaq Composite, heavily weighted toward technology stocks, fell nearly 1.15%, while the S&P 500 dropped about 0.55% and the blue-chip Dow Jones Industrial Average declined roughly 0.15%. The Philadelphia Semiconductor Index plunged around […]
The yield on 30-year U.S. Treasury bonds has reached its highest level in nearly two decades, reflecting investor concerns over surging government spending, a surge in long-term bond issuance, and inflation that has remained above the Federal Reserve’s target for the past five years. On Monday, interest rates on so-called long-term bonds rose nearly 6 […]
Weaker U.S. economic data has lowered market expectations for a Federal Reserve rate hike next month, pushing the dollar lower against most major currencies. The dollar index fell 0.2%, marking its third consecutive trading day of decline and hovering near its lowest level since May. The MSCI Emerging Market Currency Index is poised to hit […]