Fed minutes: May 2022 – Monetary policy may move into restrictive territory

Federal Reserve officials earlier this month stressed the need to raise interest rates quickly and possibly more than markets anticipate to tackle a burgeoning inflation problem, meeting minutes released Wednesday showed. Not only did policymakers see the need to raise benchmark borrowing rates by 50 points, but they also said similar hikes likely would be … Read more

5 things to know before the stock market opens Wednesday, May 25

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures slide, a day after tech-heavy index sank more than 2% Traders on the floor of the NYSE, May 23, 2022. Source: NYSE US stock futures fell Wednesday, one day after the Nasdaq dropped 2.4% as … Read more

Mortgage demand slides further, even as interest rates pull back slightly

A for sale sign is posted in front of a home that is listed for over $ 1 million on April 29, 2022 in San Francisco, California. Justin Sullivan | Getty Images Mortgage rates turned lower for the second straight week, but it was not enough to boost demand for either new purchase loans or … Read more

Recession won’t strike stocks despite ugly market

While retail investors head for the exits as stock prices fluctuate sharply, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes the economy will avert a recession – particularly due to healthy credit markets and continued gains. “The path to higher [stock] prices really … Read more

Americans worried about the economy even before inflation boom, Fed survey shows

A man shops for meat at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images Americans already were getting nervous about the state of the national economy late last year, before the spate of … Read more

5 things to know before the stock market opens Friday, May 20

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures rise after S&P 500 closes on brink of a bear market Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. Andrew Kelly … Read more

Strategists reveal how to trade the sell-off

Investors and strategists have revealed how they’re playing the beaten-down tech sector, naming several stock opportunities in a market they say could be nearing the bottom. Lee Baker, owner and president at Apex Financial Services, described Apple and Microsoft as “good solid companies” for investors to consider right now. Speaking to CNBC’s Squawk Box Europe … Read more

Stephen Roach gives stagflation warning, calls peak inflation absurd

Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the US is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not … Read more

Fed isn’t focused on impact of rates on stocks, Esther George Says

Kansas City Federal Reserve President Esther George said Thursday that higher interest rates are needed now to bring down inflation and that policymakers are not focused on the impact that is having on the stock market. In a CNBC interview, the central bank official noted that the Fed is looking to tighten financial conditions, of … Read more

Strategist discusses getting a mortgage when rates are rising

Historic row houses in Colombia Heights neighborhood of Washington DC, USA amedved | iStock | Getty Images One strategist has told CNBC why she thinks it’s still a “relatively good environment” to borrow money, including mortgages, despite rising interest rates. Kristina Hooper, chief global market strategist at Invesco, told CNBC’s “Squawk Box Europe” on Friday … Read more