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Goldman Sachs now sees Fed hiking again in October
Reuters8d agoneutral
Goldman Sachs now sees Fed hiking again in October

SYDNEY, Sept 17 (Reuters) - Goldman Sachs now expects the US Federal Reserve to raise interest rates by 25 basis points at its October policy meeting, adding a further hike to its September call.

How Tech Leaders Are Navigating AI’s ROI Problem
WSJ8d agoneutralVIDEO
How Tech Leaders Are Navigating AI’s ROI Problem

At the WSJ Leadership Institute's Technology Council Summit, technology executives from McKinsey, FedEx and CVS Health discuss how they are navigating the rising costs of generative AI and finding real business value.

10-Year Yields Move Past 5% Again
Barrons.com8d agoneutral
10-Year Yields Move Past 5% Again

Fed Chairman Kevin Warsh did nothing to quell the bond market angst. Bond traders expected the Fed to raise interest rates. That should have quelled some angst and raised bond prices. Instead, the 10-year yield is elevated and above 5% mark.

Fed’s Warsh Says Interest Rates Aren’t Holding Economy Back
The Wall Street Journal8d agoneutral
Fed’s Warsh Says Interest Rates Aren’t Holding Economy Back

Fed Chairman Kevin Warsh didn’t give market participants much hope that Wednesday’s rate increase would be a one-and-done event. Asked whether he thinks monetary policy is weighing on economic activity following the hike, Warsh said that he “found it difficult to describe financial conditions as restrictive” and that most of his colleagues at the Fed agree.

Dow Falls 700 Points, S&P 500 Slides
Barrons.com8d agobearish
Dow Falls 700 Points, S&P 500 Slides

Stocks ticked lower during Fed Chairman Kevin Warsh's press conference. The Dow Jones Industrial Average fell 1.4% or 702 points. The S&P 500 fell 0.7% as the Nasdaq Composite slipped 0.3%, erasing gains seen earlier in the session.