Financial News Network - Economic News

Trump says GDP would have topped 4% if Fed had halted rate hikes sooner

U.S. economic growth would be much stronger had the Federal Reserve stopped raising rates sooner, President Donald Trump said in an interview that aired Friday.

Read more: https://www.cnbc.com/2019/03/22/trump-says-gdp-would-have-topped-4percent-if-fed-had-halted-rate-hikes-sooner.html

Boeing's 737 Max could single-handedly hit US GDP if production is halted, JP Morgan says

A production halt of Boeing's 737 Max jets could be felt well beyond the aerospace giant's quarterly profits, according to J.P. Morgan.

Read more: https://www.cnbc.com/2019/03/21/boeings-737-max-could-hit-us-gdp-if-production-is-halted-jp-morgan.html

A key recession indicator just did something that hasn't happened in 12 years

Federal Reserve Chairman Jerome Powell's assertion this week that the U.S. economy remains strong is facing a stern test from the bond market.

Read more: https://www.cnbc.com/2019/03/21/a-key-recession-indicator-just-did-something-that-hasnt-happened-in-12-years.html

US weekly jobless claims fall more than expected

The jobless claims report pointed to still strong labor market conditions, though the pace of job growth has slowed after last year's robust gains.

Read more: https://www.cnbc.com/2019/03/21/weekly-jobless-claims.html

Mortgage rates just tanked thanks to the Fed – and they could go even lower

The average rate on the popular 30-year fixed rate mortgage, which had been sitting for days at 4.40 percent, fell sharply to 4.34 percent.

Read more: https://www.cnbc.com/2019/03/21/mortgage-rates-just-fell-and-they-could-go-even-lower.html

Trump finally got his wish from the Fed, but not for the reasons he wanted

The Fed took a pause on interest rate hikes, which would seem to satisfy President Donald Trump if not for the reasons that are driving the move.

Read more: https://www.cnbc.com/2019/03/20/trump-comments-on-federal-reserve-interest-rate-decision.html

Fed Chair Powell says Chinese and European economies have slowed 'substantially'

Weakening Chinese and European economies are acting as a deterrent to U.S. growth, Federal Reserve Chairman Jerome Powell says.

Read more: https://www.cnbc.com/2019/03/20/fed-chair-powell-says-chinese-and-european-economies-have-slowed-substantially.html

Market sees nearly 50% chance of a Fed rate cut by the end of January 2020

The fed funds futures market is assigning a 47.8 percent probability of at least one rate cut by Jan. 29.

Read more: https://www.cnbc.com/2019/03/20/market-sees-nearly-50percent-chance-of-a-fed-rate-cut-by-the-end-of-january-2020.html

Here's what changed in the new Fed statement

This is a comparison of Wednesday's FOMC statement with the one issued after the Fed's previous policymaking meeting on January 30.

Read more: https://www.cnbc.com/2019/03/20/heres-what-changed-in-the-march-fed-statement.html

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