The Federal Reserve must try to avoid a hard recession, said San Francisco Fed President Mary Daly on Thursday.
Archive for category: MARKETWATCH
China’s industrial profits fell 2.1% in January-August, widening from the 1.1% drop recorded in the first seven months of the year, data from the National Bureau of Statistics bureau showed.
The last time global bonds fared so poorly was in 1946, the year that the first session of the United Nations was held in London after the end of World War II.
America’s housing shortage is a key reason why the benchmark 30-year mortgage rate likely will top 7%, according strategists at BofA Global.
Positions in the dollar, U.S. technology companies and private equity are at risk in one of the greatest bear markets for bonds ever, said BofA Securities.
“Our view is that a fed-funds rate of 4% is about the highest that the economy would be able to withstand,” said Mark Haefele of UBS Global Wealth Management.
Bridgewater Associates founder Ray Dalio shared a warning for anybody still hanging on to the hope that beaten-down asset prices might soon bounce back.
The Federal Reserve on Wednesday raised its benchmark interest rates and signaled more rate hikes were coming before the end of the year.
A negative spread between rates on 3-month bills and the 10-year note has forecast the past eight recessions “with no false signals,” says Campbell Harvey.
The one-year Treasury yield briefly intermittently crosses 4% on Thursday as the Federal Reserve presses forward with its campaign to shrink its $8.8 trillion balance sheet.