Jefferies said that UBS Group’s stock price could rise to its highest level since 2007, driven by the profitability of its wealth management and investment banking businesses. Analyst Joseph Dickson raised his price target to 60 Swiss francs, the highest among those tracked by Bloomberg, while maintaining a buy rating. The new target implies about […]
Japan’s large retail forex traders heeded government warnings and stopped betting on the yen’s depreciation, diverging from professional investors who continued to bet on further yen weakness. According to Bloomberg’s analysis of data from the Japan Financial Futures Association and the Tokyo Financial Exchange, individual investors’ average yen position has turned into a net long […]
Kevin Warsh’s early experience leading the Federal Reserve starkly reminded us that the U.S. central bank does not always act in the best interests of international markets when it comes to monetary policy. Wash hinted he would focus on controlling inflation. The Federal Reserve chair took a more hawkish stance than expected during his first […]
Rob Kaplan, vice chairman of Goldman Sachs and former president of the Federal Reserve Bank of Dallas, said that if inflation remains high, the Fed may need to raise interest rates as early as September. Kaplan said in an interview with Bloomberg Television: “If inflation data doesn’t cool down from now through September, I think […]
Federal Reserve policymakers are expected to keep interest rates unchanged on Wednesday, an early test for new chair Kevin Warsh as rising inflation erodes household purchasing power and President Donald Trump continues to push for lower borrowing costs. At his first meeting as Federal Reserve chair, Wash presided over the Federal Open Market Committee meeting. […]
Bank of America Securities said investors should be cautious about the U.S. stock market, as growing “bear market signals” suggest a potential peak is near. The strategist team led by Savita Subramanian wrote in a report on June 5: “There are too many warning signs.” They recommended “taking profits.” Strategists say that about 70% of […]
Just three weeks after taking office, Federal Reserve Chair Kevin Warsh faces an extraordinary high-risk test. Inflation is rebounding strongly at the fastest pace in three years. Disagreements among central bank policymakers are intensifying. Investors are selling U.S. Treasury bonds, betting that the Federal Reserve will begin raising interest rates in December—contrary to President Trump’s […]
BMO Capital Markets believes that betting on the continued strength of the dollar is the most straightforward way for forex traders to position themselves in an environment of renewed high interest rates and inflation. BMO’s chief foreign exchange strategist, Mark McCormick, wrote in a report on Monday that forex market traders—whose daily trading volume reaches […]
According to Citadel Securities, the next major risk facing investors is a tightening financial environment, as the Federal Reserve may need to raise interest rates “soon” to curb rising inflation pressures. Nohshad Shah, head of fixed income sales for Europe, the Middle East, and Africa at Citadel Securities, wrote in a client report that a […]
According to a survey released by the Federal Reserve Bank of New York on Monday, Americans’ outlook on the labor market turned more pessimistic in May, with job prospects for job seekers dropping to their lowest level this year. The survey also showed that consumers’ inflation expectations remained largely unchanged compared to a month earlier. […]