Fed keeps zero-rate outlook, sees inflation bump as short-lived

By Craig Torres Federal Reserve officials continued to project near-zero interest rates at least through 2023, while upgrading their economic outlook to reflect greater optimism over the US recovery from Covid-19 amid a surge in Treasury yields. “Following a moderation in the pace of the recovery, indicators of economic activity and employment have turned up […]

Continue Reading

The Fed could be a catalyst for bonds, and that could drive growth stocks in week ahead

Traders on the floor of the New York Stock Exchange Source: NYSE Bonds could be volatile in the week ahead. If yields go higher, that could make it difficult for big tech and other growth stocks to gain traction. Rising bond yields have been challenging growth stocks. Names like Apple, Tesla, and Amazon have been […]

Continue Reading

Jeffrey Gundlach says inflation could start running a lot hotter, spooking financial markets

Jeffrey Gundlach David A. Grogan | CNBC Jeffrey Gundlach, CEO of DoubleLine, sees headline inflation topping 3% this summer and staying above that level for a few months amid massive fiscal stimulus and an economic reopening. The so-called bond king also made big calls on bond yields and gold in his investor webcast Tuesday evening. […]

Continue Reading

Inflation may have been warming up in February, but it could be hot by May

A customer wearing a protective mask loads lumber onto a cart at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Inflation is just warming up, but by late spring it could get downright hot, even if temporarily. February’s consumer price index — a […]

Continue Reading

Here’s what a $1.9 trillion stimulus deal cannot seem to buy: a stock market rebound

© 2020 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE […]

Continue Reading