Bank of America CEO Brian Moynihan discusses the pace of the economy as the Fed battles to rein in inflation on “Cavuto: Coast to Coast.” As speculation continues to swirl about Treasury Secretary Janet Yellen’s future, a new name has been placed on her shortlist of possible replacements: Bank of America chief executive Brian Moynihan. …
Brian Moynihan added to shortlist to replace Yellen at Treasury Read More »
WASHINGTON — During a recent appearance on “The Late Show With Stephen Colbert,” Treasury Secretary Janet L. Yellen was faced with a tricky question: After nearly two years on the job, why is signing her predecessor, Steven T. Mnuchin, was it still scrawled across national currency? The answer, she explained, was a quirk of coinage …
Yellen is the first female Treasury Secretary with a signature on the U.S. dollar Read More »
“Nothing goes wrong in a straight line.” This is how functional markets adapt to a new reality: higher inflation, rates. By Wolf Richter for WOLF STREET. There was a lot of talk and hesitation and the Fed kingpin fantasized about the 10-year Treasury yield falling from 4.25% at the end of October to 3.51% at …
(Bloomberg) – The bond market is focused on a U.S. recession next year, with traders betting that the longer-term path for interest rates will be down even as the Federal Reserve is still busy raising its benchmark rate. . Bloomberg’s Most Read Long-term Treasury yields are already below the Fed’s overnight benchmark range – currently …
Great Treasury Market Recession Trading Gains Momentum Read More »
Even as stock investors applaud signs of a spike in inflation, the bond market’s best-known recession predictor is showing its clearest signal yet that the US economy is in trouble. It’s known in Wall Street lingo as an inverted yield curve, and in recent days it’s hit its most extreme levels since the 1982 recession …
The US Treasury yield curve recession indicator flashes red Read More »
Former U.S. Treasury Secretary Steven Mnuchin thinks the stock market correction has turned positive, especially for tech companies that had “gone crazy” and now present good opportunities. But one overvalued tech bet he never liked was bankrupt crypto trading firm FTX, which crashed dramatically from a $32 billion valuation to filing for bankruptcy and crashing. …
Passed on investment in FTX, twice, says former Treasury Secretary Steve Mnuchin Read More »
The latest of a number of recessionary indicators has just started flashing red. Getty While last week’s consumer inflation (CPI) reading may have opened the window to avoid recession, it may be too little too late, as a little-known but mighty started flashing red last week. The 10-year Treasury minus the 2-year yield is probably …
A Little-Known But Powerful Recession Indicator Flashes Red Read More »
