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Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it

2 hours ago DieselGasoil Comments Off on Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it
FILE PHOTO: Scott Minerd, Chairman of Guggenheim Investments and Global Chief Investment Officer, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 12, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Guggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm’s recession forecast model showed a 58% Read More

Wall Street rises as oil fears recede, market awaits Fed

8 hours ago DieselGasoil Comments Off on Wall Street rises as oil fears recede, market awaits Fed
(Reuters) – Wall Street ended higher on Tuesday as the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded and investors awaited a widely expected Fed interest rate cut on Wednesday. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid Stocks Read More

DoubleLine’s Gundlach says U.S. Fed will embark on ‘QE lite’ ‘pretty soon’

9 hours ago DieselGasoil Comments Off on DoubleLine’s Gundlach says U.S. Fed will embark on ‘QE lite’ ‘pretty soon’
FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Tuesday that the repo market squeeze makes it more likely that the Federal Reserve will resume expansion of its Read More

Wall Street mixed as investors await interest rate cut

10 hours ago DieselGasoil Comments Off on Wall Street mixed as investors await interest rate cut
(Reuters) – Wall Street was mixed on Tuesday as investors awaited a widely expected Fed interest rate cut on Wednesday, while the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid Equity Read More

Wall Street subdued as focus shifts to Fed

11 hours ago DieselGasoil Comments Off on Wall Street subdued as focus shifts to Fed
(Reuters) – U.S. stocks were modestly lower on Tuesday as investors moved to the sidelines ahead of the Federal Reserve’s two-day policy meeting, while the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. Read More

Wall Street falls as energy drags; focus shifts to Fed meeting

14 hours ago DieselGasoil Comments Off on Wall Street falls as energy drags; focus shifts to Fed meeting
(Reuters) – U.S. stocks edged lower on Tuesday as a drop in oil prices weighed on the energy sector, while investors stayed away from making big bets ahead of the Federal Reserve’s two-day policy meeting, where it is widely expected to cut interest rates. Traders work on the floor at the New York Stock Exchange Read More

U.S. effective fed funds rate jumps on Monday: New York Fed data

15 hours ago DieselGasoil Comments Off on U.S. effective fed funds rate jumps on Monday: New York Fed data
NEW YORK (Reuters) – What U.S. banks charge each other to borrow reserves overnight jumped on Monday, prompted by a jump in money market rates amid scarcity in cash available for lending, according to data from the New York Federal Reserve released on Tuesday. The effective, or average, interest rate on what banks charge each Read More

Divided Fed set to cut interest rates this week, but then what?

15 hours ago DieselGasoil Comments Off on Divided Fed set to cut interest rates this week, but then what?
SAN FRANCISCO (Reuters) – Deep disagreements within the Federal Reserve over the economic outlook and how the U.S. central bank should respond will not stop policymakers from cutting interest rates at a two-day meeting that begins on Tuesday. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Read More

Wall Street set to open slightly lower as Fed policy meeting looms

16 hours ago DieselGasoil Comments Off on Wall Street set to open slightly lower as Fed policy meeting looms
(Reuters) – Wall Street was set to open slightly lower on Tuesday as investors stayed away from making big bets ahead of the Federal Reserve’s two-day policy meeting, where it is widely expected to cut interest rates. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, Read More

Oil sheds gains, stocks dip as Fed comes into focus

17 hours ago DieselGasoil Comments Off on Oil sheds gains, stocks dip as Fed comes into focus
LONDON (Reuters) – Oil shed some of its gains on Tuesday as the United States raised the possibility of releasing crude reserves, while stocks inched lower as investors waited for this week’s Federal Reserve meeting. FILE PHOTO: People walk past the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls Read More