The market’s initial reaction to a Fed rate hike is ‘almost always a head fake,’ Jim Cramer says

CNBC’s Jim Cramer said on Friday that this week was the latest example of the market gone crazy after a Federal Reserve meeting. But based on past market reactions to the central bank’s previous rate hikes, this week’s activity may prove not to be that meaningful in the long run, he said. The initial reaction … Read more

China is a ‘relative safe haven’ in the face of global banking stress, Citi economists say

Aerial view of shipping containers sitting stacked at Yangshan Deepwater Port, the world’s largest automated container terminal, on May 21, 2021 in Shanghai, China. Vcg | Visual China Group | Getty Images The recent turmoil surrounding the banking sector in the US and Europe has highlighted China as a “relative safe haven” this year, economists … Read more

The Fed is likely to hike rates by a quarter point but it must also reassure it can contain a banking crisis

The Federal Reserve is expected to raise interest rates Wednesday by a quarter point, but it also faces the tough task of reassuring markets it could stem a worse banking crisis. Economists mostly expect the Fed will increase its fed funds target rate range to 4.75% to 5% on Wednesday afternoon, though some expect the … Read more

Jim Cramer says the banking crisis is fighting inflation for Powell and the Fed

CNBC’s Jim Cramer on Thursday said the Federal Reserve no longer needs action to tame inflation — and it’s because of the banking crisis, Cramer said 10 days ago that investors were expecting a possible 50-basis-point interest rate hike from the Fed based on Chairman Jerome Powell’s recent response to January inflation data and the … Read more

Fed poised to approve quarter-point rate hike next week, despite market turmoil

Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve will likely approve a quarter-percentage-point interest rate increase next week, according to market pricing and many Wall Street experts. Rate expectations have been on a rapidly swinging pendulum over the past two weeks, varying from a half-point hike to holding the line … Read more

One year after the first rate hike, the Fed stands at policy crossroads

US Federal Reserve Chair Jerome Powell responds to a question from David Rubenstein (not pictured) during an on-stage discussion at a meeting of The Economic Club of Washington, at the Renaissance Hotel in Washington, DC, US, February 7, 2023. REUTERS /Amanda Andrade-Rhoades Amanda Andrade-rhoades | Reuters The Federal Reserve is one year down its rate-hiking … Read more

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