Allianz chief economic adviser and noted economist Mohamed El-Erian reportedly said he is among a small group of people who think the Federal Reserve should not downshift to 25 basis points
The key resistance level for Bitcoin (CRYPTO: BTC) is $25,000. Breaking through this level would generate more interest and participation from outsiders, according to a report by B2C2's Adam Farthing.
As the fourth-quarter reporting season starts in earnest this week, chatter over the weekend focused on its impact on the fledgling recovery seen in the market. Discussions also centered around the odds of a recession materializing and the likely monetary policy stance of the Federal Reserve when it meets at the end of the month.
Net-short leveraged positions in 10-year Treasury futures by hedge funds have reportedly grown to the largest levels since 2019 while net-long positions taken by institutional investors have risen to record leve
Federal Reserve Governor Christopher Waller said Friday the Fed made a mistake in not restricting monetary policy earlier, owing to the the logic that the inflation of 2021 was transitory.
On Thursday, U.S. weekly jobless claims dropped to just 190,000, and that could be bad news for investors hoping for a Fed pivot by the end of the year.