After banner stretch, the bank released surprisingly spotty earnings results for the third quarter. Its rival Goldman Sachs posted better-than-expected results.
Category: Interest Rates
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Higher Interest Rates Take Bite Out of JPMorgan’s Profits
The New York Times – Business: -
Higher Interest Rates Take Bite Out of JPMorgan’s Profits
The New York Times – Business:After banner stretch, the bank released surprisingly spotty earnings results for the third quarter. Its rival Goldman Sachs posted better-than-expected results.
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The Forces Driving Up Bond Yields Take a Troubling Turn
The New York Times – Business:Some analysts say investors are demanding a higher “term premium” to buy government debt, reflecting growing worries about debt levels and deficits.
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The Winning Stock Funds This Time Weren’t Tech. They Were Energy.
The New York Times – Business:Stock and bond fund returns for the quarter were bad nearly everywhere you looked, our columnist says. Energy stocks, lifted by the war with Iran, were an exception.
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France Is Veering Toward a Potential Debt Crisis, a Warning to the World
The New York Times – Business:French bond investors are demanding sharply higher interest rates, a cautionary development for other high-debt countries.
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A Top Fed Official Casts Further Doubt on a Rate Rise This Month
The New York Times – Business:The Federal Reserve is poised to raise interest rates further as it seeks to tame inflation, but that is unlikely to happen until the end of the year.
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Fed Minutes Show Officials Saw More Work to Do to Quell Inflation
The New York Times – Business:Policymakers grew increasingly concerned about inflation risks at their most recent meeting in September.
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S&P 500 Hits Record High Amid Rising Interest Rates and Elevated Oil Prices
The New York Times – Business:The S&P 500 rose 0.6 percent on Tuesday, exceeding its previous peak set in August and taking its gain this year to more than 14 percent.
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High Interest Rates Aren’t Slowing the A.I. Boom. That’s a Problem for the Fed.
The New York Times – Business:Rising borrowing costs are taking a toll on households and businesses. But they are doing little to dampen enthusiasm for investments in A.I. infrastructure, which are contributing to inflation.
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Rebuked by Bond Market, Bessent Says ‘House’ Does Not Always Win
The New York Times – Business:The Treasury secretary said in an interview with Axios that he cannot control the Treasury market but argued that U.S. bond yields would come back down over time.
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Soft Jobs Report Boosts Market Bets Fed Will Skip October Rate Increase
The New York Times – Business:The odds of an interest rate change at the Federal Reserve’s meeting in late October have dropped following a softer jobs report and strong signaling from bank officials.
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U.S. Bond Yields Hit Highest Level Since 2002
The New York Times – Business:The trends pushing up yields, including the war in Iran and high government debt levels, are unlikely to dissipate soon.