Morgan Stanley economists said Fed Chairman Jerome Powell signaled the potential for a return to a half-point rate hike at the March meeting, depending on data.
Morgan Stanley economists said Federal Reserve Chairman Jerome Powell signaled a potential return to a half-point rate hike at central bank's March meeting, depending on the strength of incoming economic data. Powell spoke before the Senate Committee on Banking, Housing and Urban Affairs Tuesday morning in the first of two days of Congressional testimony.
"Chair Powell's assessment of the economic outlook acknowledged that higher rates are impacting interest-sensitive components of the economy, including housing, but that there has been a concerning reacceleration in activity in January, partly reversing the softening trends that we had seen in the data just a month ago,'" they wrote. This also means that Friday's jobs report is especially important.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Morgan Stanley's Jonas calls Ferrari his top pick, replacing TeslaThe firm's new price target implies the stock could rally 14%.
Les mer »
Ferrari beats Tesla as Morgan Stanley's top auto stock pickMorgan Stanley's long-time Tesla bull just named Ferrari as the new top auto stock, saying its 'unmatched brand' makes it best positioned to handle macro uncertainty
Les mer »
16 tech stocks to buy while margins shrink: Morgan StanleyMorgan Stanley: Buy these 16 tech stocks to protect your portfolio from disappointing earnings and a coming market downturn
Les mer »
S&P 500 Index: Bear market rally will likely fail once again – Morgan StanleyWhile equity markets continue to rally, the key to the end of the bear market may be in the fundamentals, Mike Wilson, Chief Investment Officer and Ch
Les mer »
Brace for overvalued US stocks to crash again, Morgan Stanley warnsBrace for US stocks to crash again – their extreme valuations echo the 2022 bear market, Morgan Stanley strategists warn
Les mer »
USD/JPY traces sluggish yields below 136.00, Fed’s Powell, BoJ’s Kuroda in the spotlightUSD/JPY retreats to 135.80 as it reverses the bounce off intraday low amid a sluggish start to the key week. The Yen pair trader’s cautious mood ahead
Les mer »