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that's why i think jerome powell should do nothing for the foreseeable future. neil: and that might be the case. thank you very much, dan geltrude, on that. we were showing you the markets for the week. if they're concerned about any of this, of course, they had a funny way of showing it. they were closed yesterday for good friday, i think dan touched on that. but the fact of the matter is the inflation worries from this or at least period are alive and well, and the fed chair -- if it stays stubborn, there's no rush the start cutting rates. the betting is that that he will, though, as a early as june. that is not a sure thing. we're following that and also following the funeral for nypd officer a jonathan diller, the latest of that including a former police commissioner says we don't need to see this keep happening. after this. rkplace benefits and retirement savings. voya provides tools that help you make the right investment and benefit choices. so you can reach today's financial goals and look forward to a more confident future. voya, well planned, well inve
that's why i think jerome powell should do nothing for the foreseeable future. neil: and that might be the case. thank you very much, dan geltrude, on that. we were showing you the markets for the week. if they're concerned about any of this, of course, they had a funny way of showing it. they were closed yesterday for good friday, i think dan touched on that. but the fact of the matter is the inflation worries from this or at least period are alive and well, and the fed chair -- if it stays...
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the federal reserve chair, jerome powell still expects to cut interest rates this year. the central bank will not do so, until it is confident annual price increases are closer to 2% target. for now, back to dateline. >>> welcome back to dateline. i am craig melvin. >> police had a game of, what seemed like a clue on their hands. investigator started building what believed to be a solid case against diane's husband, but they also took a closer look at her son. here, again, is dennis murphy, with true lives >> detectives that they have compelling evidence against bill kind, and when they started checking out his stepson, kevin, they realized he had been on their radar before. >> your deputies had a history of being called out to that house? >> they did. >> five years earlier, when kevin was 18, he got into an argument with his mother's sister. assistant state attorney, bilodeau lowery describes what kevin did next. >> the place shut up, he fought with the boys, and he was trying to have his dog attacked the police during it. and he was arrested for resisting arrest. >> ke
the federal reserve chair, jerome powell still expects to cut interest rates this year. the central bank will not do so, until it is confident annual price increases are closer to 2% target. for now, back to dateline. >>> welcome back to dateline. i am craig melvin. >> police had a game of, what seemed like a clue on their hands. investigator started building what believed to be a solid case against diane's husband, but they also took a closer look at her son. here, again, is...
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announcer: federal reserve chairman jerome powell on the actions taken by the fed to address inflation, including interest rate hikes and the possibilities of future cuts. he also touches on the performance of the u.s. economy and his legacy as the federal chair. this took place at the macro economics monetary policy conference. ♪ >> i really want to start by just saying welcome back to the conference center. for some reason i always like having the macroeconomics and monetary policy conference in this place since she has been an esteemed service of central banks and other treasury secretary, it is great to be here, and next year we will be able to bring you through the front door. next year we will actually use our front doors. the macroeconomics and policy conference is one of the bank's longest standing research events. the conference began in 1976 and is an episodic conference where we would focus on things that researchers and policymakers to talk to each other on foundational topics of that were key to macroeconomics and monetary policy is the title would suggest, but since tha
announcer: federal reserve chairman jerome powell on the actions taken by the fed to address inflation, including interest rate hikes and the possibilities of future cuts. he also touches on the performance of the u.s. economy and his legacy as the federal chair. this took place at the macro economics monetary policy conference. ♪ >> i really want to start by just saying welcome back to the conference center. for some reason i always like having the macroeconomics and monetary policy...
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and then jerome powell discusses the actions taken by the fed to address inflation, and then an update on the baltimore key bridge collapse. john. it's good
and then jerome powell discusses the actions taken by the fed to address inflation, and then an update on the baltimore key bridge collapse. john. it's good
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. >> today a federal reserve chairman jerome powell said new government data shows inflation is still a concern but in line with his expectations. the personal consumption expenditures report prices climbed 2.5% last month. higher than the fed's. tough to predict when interest rates when and can be lowered. >> we will be careful about this decision because we can be. >> white house celebrating today's economic news calling it, quote, real progress. >> one place where americans may still feel the impacts of inflation, the gas pump. gas prices up double digits since the start of this year. as for president biden, he has parked his car for the weekend. gillian, is he spending easter holiday at camp david. gillian? >> gillian: mark meredith at 1600 pennsylvania avenue for us tonight, thank you. >> gillian: take a look at this pennsylvania mail-in ballots that don't display accurate handwritten dates on the envelope will not be counted in upcoming to elections. federal appeals court overturning lower court ruling because of paperwork errors disenfranchising voters. in neighboring new jerse
. >> today a federal reserve chairman jerome powell said new government data shows inflation is still a concern but in line with his expectations. the personal consumption expenditures report prices climbed 2.5% last month. higher than the fed's. tough to predict when interest rates when and can be lowered. >> we will be careful about this decision because we can be. >> white house celebrating today's economic news calling it, quote, real progress. >> one place where...
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later, fed chairman jerome powell speaking at a macro economics and monetary policy conference. watch his comments tonight. all on c-span and online at c-span.org. >> c-span is your unfiltered view of government. we are funded by these television companies and more, including buckeye broadband. ♪ buckeye broadband supports c-span as a public service along with these other television providers, giving you a front row seat to democracy. >> next, the british ambassador to the u.s. and others discussed northern european security amid the russia-ukraine war. topic
later, fed chairman jerome powell speaking at a macro economics and monetary policy conference. watch his comments tonight. all on c-span and online at c-span.org. >> c-span is your unfiltered view of government. we are funded by these television companies and more, including buckeye broadband. ♪ buckeye broadband supports c-span as a public service along with these other television providers, giving you a front row seat to democracy. >> next, the british ambassador to the u.s....
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fed chair jerome powell speaking at a macro economics and monetary policy conference. watch his remarks tonight at 9:00 eastern here on c-span and online at c-span.org. ♪ >> celebrating the 20 the anniversary of our annual studentcam documentary competition. this year c-span asked middle and high school students across the country to look forward while considering the past. participants were given the option to look 20 years into the future or 20 years into the past. we received inspiring and thought-provoking documentaries from over 3200 students across 42 states. are top award of $5,000 for grand prize goes to nate coleman and jonah roth line, 10th graders in connecticut their compelling documentary innocence held hostage never getting past and future conflicts with iran. >> it is evident in the next 20 years the united states must make more policy that places heavy restriction on all americans traveling to iran because not only will we see a less -- the united states will have to participate in such negotiations with iran. >> congratulations to our winners and dom
fed chair jerome powell speaking at a macro economics and monetary policy conference. watch his remarks tonight at 9:00 eastern here on c-span and online at c-span.org. ♪ >> celebrating the 20 the anniversary of our annual studentcam documentary competition. this year c-span asked middle and high school students across the country to look forward while considering the past. participants were given the option to look 20 years into the future or 20 years into the past. we received...
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and while wall street is off today, jerome powell and myself, we're still on the clock. the federal reserve chair spoke at a san francisco fed conference this morning and gave his reaction to the pce data. >> my first thought was that the throort a came out this morning is pretty much in line with our expectations. so core pce, as you mentioned, is at 2.88% on a 12-month basis, headline at 2.5% that's what a we were expecting, and it's good to see something coming in in line with expectations. kelly: as we close out march and charge full speed ahead into the second quarter with earnings season around the corner, how should investors gear up? if well, let's get right to the floor show. joining me right now is research president tom essay and she e terra investment cio gene goldman. gentlemen, thank you so much, both, for being here. gene, i want to start with you, okay? so i want to get your reaction to the pce data. january was revised up, not the best sign in the world, but you zoom out even further, we're seeing a lot of bumpiness in this fight against flakes. we're al
and while wall street is off today, jerome powell and myself, we're still on the clock. the federal reserve chair spoke at a san francisco fed conference this morning and gave his reaction to the pce data. >> my first thought was that the throort a came out this morning is pretty much in line with our expectations. so core pce, as you mentioned, is at 2.88% on a 12-month basis, headline at 2.5% that's what a we were expecting, and it's good to see something coming in in line with...
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later, fed chairman jerome powell speaking at a microeconomic -- microeconomics and monetary policy conference tonight at 9:00 eastern. all on c-span, and online at c-span.org. ♪ do you solemnly swear that in the testimony you are about to give, will be the truth, the whole truth and nothing but the truth, so help you god? >> saturdays, watch american history tv's new series, " congress investigates," as we approach major investigations in our country's history. each week authors and historians will tell the stories, we will see historic footage, and examine the impact and legacy of
later, fed chairman jerome powell speaking at a microeconomic -- microeconomics and monetary policy conference tonight at 9:00 eastern. all on c-span, and online at c-span.org. ♪ do you solemnly swear that in the testimony you are about to give, will be the truth, the whole truth and nothing but the truth, so help you god? >> saturdays, watch american history tv's new series, " congress investigates," as we approach major investigations in our country's history. each week...
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the fed chair, jerome powell, says close but no cigar. >> february is lower, but it's not as low as most of the good readings we got in the second half of last year. but it's definitely more along the lines of what we want to see. the economy is strong. we don't need to be in a hurry to cut. it means we can wait and become more confident that, in fact, inflation is coming down to 2%. lauren: it feels like it's taking forever. joining me now, chief economist daniel he chi yea. you recently wrote a piece called easing in the middle of persistent inflation may worsen stagflation risk. daniel, you just heard from jay powell. do you think he might agree? >> well, thank you very much, lauren. i think that's the big mistake that we are seeing, is that the inflation reduction act has become the inflation perpetuating mistake. the decision of the government to massively increase spending and massively increase deficit which is, ultimately, printing money has made inflation worse. i am particularly concerned about the fact of the genuine reading has been revised up. the january reading. and the fe
the fed chair, jerome powell, says close but no cigar. >> february is lower, but it's not as low as most of the good readings we got in the second half of last year. but it's definitely more along the lines of what we want to see. the economy is strong. we don't need to be in a hurry to cut. it means we can wait and become more confident that, in fact, inflation is coming down to 2%. lauren: it feels like it's taking forever. joining me now, chief economist daniel he chi yea. you recently...
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i think what jerome powell is going to say by june, if things stay in this sort of area, he can lower interest rates on the short end a little bit. and take a wait-and-see attitude. >> sandra: is that a prediction? you think they're going to cut rates this year? >> i think they'll cut them in june. i only know that because larry fink, the best fed watcher i know, thinks that. things might change, you might see other numbers, but there's two stories. wall street is going to let that cut and that's why you see stocks keep going up. main street americans who don't have a lot of money and are not in the markets every day, they are getting screwed here. these prices, the inflation rate might be coming down a bit, might. >> sandra: but prices are not. that's why jerry baker for "the wall street journal" was sitting in that chair a couple weeks ago and he made the prediction, not only does he think rates will have to stay the same this year, he thinks they might have to raise rates at the end of the year. >> if you know jerome powell, and if you're playing in the markets, different audience.
i think what jerome powell is going to say by june, if things stay in this sort of area, he can lower interest rates on the short end a little bit. and take a wait-and-see attitude. >> sandra: is that a prediction? you think they're going to cut rates this year? >> i think they'll cut them in june. i only know that because larry fink, the best fed watcher i know, thinks that. things might change, you might see other numbers, but there's two stories. wall street is going to let that...
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you are looking at jerome powell, chairman of the federal reserve, markets are closed today, but he's open for pontificating today. let's go to edward lawrence and how this is juxtaposing wrapping up one of the strongest first quarters in the better part of five years. >> reporter: is making a lot of news, the fed chairman saying the fed is not overreacting even though they say better inflation data in the last year and higher inflation data this year at wants to get it right and with the first rate cut they will take their time. >> it support to get this right. with the economy, growth is strong, labor market is strong and inflation is coming down. we can and will be careful with this decision because we can be. >> the inflation is coming in bumpy. inflation went up a little but core inflation without food and energy prices ticked down moving sideways since december. that's the sticky inflation. the report shows people spending more in bringing a little less money reflecting higher prices they are paying, this report, the fed's favored measure of inflation and the cpi report that cam
you are looking at jerome powell, chairman of the federal reserve, markets are closed today, but he's open for pontificating today. let's go to edward lawrence and how this is juxtaposing wrapping up one of the strongest first quarters in the better part of five years. >> reporter: is making a lot of news, the fed chairman saying the fed is not overreacting even though they say better inflation data in the last year and higher inflation data this year at wants to get it right and with the...
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waller didn't get super specific and we'll be waiting to hear an echo from federal chair jerome powell if that's something he agrees with. they're saying even though inflation has made tons of progress but they don't quite feel absolutely confident that is something that will stick, that inflation is steadily on the road to a more normal target. and until they feel that way, they're not going to be in a rush to cut rates. >> we'll be carefully watching all of this in the weeks ahead. and one more for you, rachel, a huge headline. sam bankman-fried, the one time crypto king whose ftx exchange collapsed and left investors truly scrambling was sentenced yesterday to 25 years in federal prison. just a remarkable downfall for him personally, but let's take a wider lens. what do we think this means for the crypto industry? >> well, there are a few pieces i think are fair to expect to come in the future. first, there's obviously this piece of continuing to make the customers and victims of the sam bankman-fried scheme whole. that's one piece still being resolved. and then there's this regulat
waller didn't get super specific and we'll be waiting to hear an echo from federal chair jerome powell if that's something he agrees with. they're saying even though inflation has made tons of progress but they don't quite feel absolutely confident that is something that will stick, that inflation is steadily on the road to a more normal target. and until they feel that way, they're not going to be in a rush to cut rates. >> we'll be carefully watching all of this in the weeks ahead. and...
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federal reserve chair jerome powell is set to speak on monetary policy in the morning. will he counter what a fed governor christopher waller just said at an event titled there's still no rush? plus, argue a write the most important -- arguably the most important data point on inflation will also be released 8:30 a.m. eastern tomorrow. it's the core pce, the fed's preferred measure of inflation. speaking of plain facilitating, as we come to the end of the first quarter, all four majors look to close it out with solid gains. the s&p poised to notch its best start in years. we're back in a second, don't go away. ♪ ♪ everyone's a winner, baby, that's no lie. ♪ you never if fail to satisfy, to satisfy ♪ ♪ hello, mia. are you ready to meet your demise? man, we really need to upgrade your trash talk. ♪ nice shot... shot... taker. who programmed you?! i'll see you tomorrow. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in p
federal reserve chair jerome powell is set to speak on monetary policy in the morning. will he counter what a fed governor christopher waller just said at an event titled there's still no rush? plus, argue a write the most important -- arguably the most important data point on inflation will also be released 8:30 a.m. eastern tomorrow. it's the core pce, the fed's preferred measure of inflation. speaking of plain facilitating, as we come to the end of the first quarter, all four majors look to...
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charles: so if there was a movie version of this, paul newman would play jerome powell, essentially, "cool hand luke" in all of this. you pointed out some positive themes that are working. i want you to talk to the audience about them. i want to remind folks, newell, you've been spot on. calling well the economy for last couple years. central bank easing, global inflation easing, these are positive tailwinds, right? >> well absolutely, charles, thank you. i mean i think for investors the important thing is, we're talking about at the end of the day, right we're talking about how much is the fed going to cut and how much is the economy going to grow. fundamentally that's a fairly good backdrop for risk appetite, right? you mentioned global activity. if you look at manufacturing, purchasing manager surveys from around the world they're generally moving up and to the right. business confidence is on the mend. you mentioned recession risks, one of the things that will happen as a result of that, is that companies are going to spend more money on plant and equipment. remember that last ye
charles: so if there was a movie version of this, paul newman would play jerome powell, essentially, "cool hand luke" in all of this. you pointed out some positive themes that are working. i want you to talk to the audience about them. i want to remind folks, newell, you've been spot on. calling well the economy for last couple years. central bank easing, global inflation easing, these are positive tailwinds, right? >> well absolutely, charles, thank you. i mean i think for...
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more fed speakers coming up in the next few days, jerome powell as well, but there is quite a bit of pushback already. last week we had the fomc and euphoria about the idea of rate cuts being three for this year, and there was a lot of dialing back in the meantime and we are about to go into the second quarter so there will be rethinking of investors. equities are good, u.s. dollar relatively strongly to bonds have been a good layer as well, yet here we are on the cusp of going into the second quarter and may be people have to dial back on some of these ideas as they rethink what the fed has to say. there is big data coming up including the pce, so by the weekend people have a lot to think about. might not be quite so optimistic as they were just a few days ago. tom: we will see if jay powell reiterates the line that he sees they are not far from having the confidence to cut, the line that came out from jay powell a couple of weeks ago. a lot of data coming through from the u.s. and japan. how are you looking at that and the tie-in to dollar-yen and have officials in tokyo got the pa
more fed speakers coming up in the next few days, jerome powell as well, but there is quite a bit of pushback already. last week we had the fomc and euphoria about the idea of rate cuts being three for this year, and there was a lot of dialing back in the meantime and we are about to go into the second quarter so there will be rethinking of investors. equities are good, u.s. dollar relatively strongly to bonds have been a good layer as well, yet here we are on the cusp of going into the second...
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i'm breaking down jerome powell and company may be losing control of parts of their dual mandate. we'll go to the man who was alone on no landing platform. jim bianco is on deck and economist extraordinaire michelle gerard. it is turning into a circus. see the new way you can gamble on tech and mag-7. it will blow your mind. we're talking about the spike in pawn shop business. "pawn stars" star rick harrison is here to tell us what he is seeing first-hand. all that and more on "making money." ♪. charles: the dual mandate could be in double trouble, folks. the federal reserve now, remember, they're responsible for full employment and a stable economy. by the way the only central bank in the world with that mandate. powell and company of course embarked on a very aggressive rate hiking mission. they wanted to arrest runaway inflation, inflation we hadn't seen in 40 years even if it meant triggering significant job losses. well large job losses of course would have been necessary to help quell spending. since then the rate of inflation has slowed, the fed shifting back to supportin
i'm breaking down jerome powell and company may be losing control of parts of their dual mandate. we'll go to the man who was alone on no landing platform. jim bianco is on deck and economist extraordinaire michelle gerard. it is turning into a circus. see the new way you can gamble on tech and mag-7. it will blow your mind. we're talking about the spike in pawn shop business. "pawn stars" star rick harrison is here to tell us what he is seeing first-hand. all that and more on...
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. >> well, it surprised me that fed chair, jerome powell, said we'll cut rates three times as the dot plot says. maria: that surprised me too. >> they're talking about how frothy conditions are. you're seeing that with some semiconductor stocks, nvidia, adam, they're so high, trade at such a high premium to where they normally trade at, you've got net worths at the h highest levels in u.s. history, you've got gold up, bitcoin up. .if the fed cuts too early, it will add fuel to the fire. maria: at a time when we're finally seeing activity in the capital markets in terms of ipos here and there, m&a. johnson & johnson in talks to acquire shock wave medical, shock wave has a market value of nearly $12 billion. ups' ceo says that ups is actively looking at m&a opportunities in healthcare. they made a couple acquisitions for boomy and mnx global logistics but the ceo of ups says that both of those acquisitions will, quote, enhance our capabilities, particularly in cold chain. isn't this interesting that you're seeing ups go for healthcare? >> it's interesting to see them diversify. they obv
. >> well, it surprised me that fed chair, jerome powell, said we'll cut rates three times as the dot plot says. maria: that surprised me too. >> they're talking about how frothy conditions are. you're seeing that with some semiconductor stocks, nvidia, adam, they're so high, trade at such a high premium to where they normally trade at, you've got net worths at the h highest levels in u.s. history, you've got gold up, bitcoin up. .if the fed cuts too early, it will add fuel to the...
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Mar 26, 2024
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powell, what is the impetus for me to do anything right now the economy is doing fine, unemployment is below what the fed considers to be neutral. the inflation rate is above. even in their longer-term projections, their target, and the economy does not seem to be restricted by these rates in spite of what he said in the press conference, which was kind of perplexing, the realities that the economy continues to track strongly it was really interesting, because the projections of the fed for 2024 in terms of growth and inflation have gone up, but they're still anticipating three cuts the projections for '25 and '26 in terms of growth and inflation are unchanged, but they're expecting less cuts. at least, that's kind of their official guidance. and i think that's really interesting and fascinating. i think in reality -- >> you think it's not real you think those cuts are going to go away >> i don't see the impetus for him to do anything we were here maybe six months ago. i was talking to you and i said, look, in the absence of anything breaking down, the fed is not doing anything and
powell, what is the impetus for me to do anything right now the economy is doing fine, unemployment is below what the fed considers to be neutral. the inflation rate is above. even in their longer-term projections, their target, and the economy does not seem to be restricted by these rates in spite of what he said in the press conference, which was kind of perplexing, the realities that the economy continues to track strongly it was really interesting, because the projections of the fed for...
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Mar 26, 2024
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jerome powell was reinforcing the message of a coming down. we heard a few pieces of strong data. we are getting pushback. mr. bostic saying one cut is necessary this year. other saying not quite sure, maybe two, maybe three. we have loads of important data. the big one is the pce, which comes in at the end of the week. interestingly, the market reactions are that, could really be a bit large because it comes on a friday, most of the world is on holiday. u.s. bond market will be at subpar strength. the data will come out. phil -- then on monday, the market reaction could be quite large, especially early in asia. treasury futures will open with australia closed in other people out as well. the chances of a big reaction if you get a high number is ready large. traders are really quite cautious. it has been there for a record amount of time. everyone is dialing back a little bit. they are not as optimistic as they were just a week ago. tom: how times change and just the space of a week. owed on to your hand of that potential rupture when it comes through on friday. the market reactio
jerome powell was reinforcing the message of a coming down. we heard a few pieces of strong data. we are getting pushback. mr. bostic saying one cut is necessary this year. other saying not quite sure, maybe two, maybe three. we have loads of important data. the big one is the pce, which comes in at the end of the week. interestingly, the market reactions are that, could really be a bit large because it comes on a friday, most of the world is on holiday. u.s. bond market will be at subpar...
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powell does. we keep adding fuel to the fire on the legislative side that was the appropriate thing to do, secure the border and no more funding for an fbi building. the fbi is spying on americans for goodness sake. maria: that's exactly right. now we're talking about $34 trillion in debt which we're going to get into shortly. congressman, we'll be watching your work. we appreciate your time this morning. thank you, sir. >> thank you, maria. 35 trillion in may. god bless you. maria: 35 trillion in may. thank you, scott perry. committee for a responsible budget president maya mcginnis joins me come canning up next on the $35 trillion on where the economy stands with all the additional federal spending and all of that debt. you're watching "mornings with maria" live on fox business. stay with us. ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya provides tools that help you make the right investment and benefit choices. so you can
powell does. we keep adding fuel to the fire on the legislative side that was the appropriate thing to do, secure the border and no more funding for an fbi building. the fbi is spying on americans for goodness sake. maria: that's exactly right. now we're talking about $34 trillion in debt which we're going to get into shortly. congressman, we'll be watching your work. we appreciate your time this morning. thank you, sir. >> thank you, maria. 35 trillion in may. god bless you. maria: 35...
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as well as the fed chair jerome powell will be speaking. wednesday this is one of the most important events of the week. xi jinping america ceos. this to me is notable because usually he outsources it to other people. usually it is some sort of subject it and the fact that it's not is interesting. we get u.s. jobless claims. consumer sentiment data. it's not that important relative to what we get on friday given the fact we do get the pce deflator. >> let's get to the next 60 minutes or so. stocks coming off their best week of the year. terry haines on a shrinking gop majority and alex webb with the eu launching new probes into big tech. the s&p 500 coming off the best week of the year with the return of fed speak and another read on inflation around the corner. we see a stronger 2024 performance as investors look ahead to the final inflation yards. a slowing but not recessionary u.s. economy. interest rate cuts on both sides of the atlantic. ben, you say a stronger but different rally this year versus last year. what's different about it?
as well as the fed chair jerome powell will be speaking. wednesday this is one of the most important events of the week. xi jinping america ceos. this to me is notable because usually he outsources it to other people. usually it is some sort of subject it and the fact that it's not is interesting. we get u.s. jobless claims. consumer sentiment data. it's not that important relative to what we get on friday given the fact we do get the pce deflator. >> let's get to the next 60 minutes or...
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Mar 25, 2024
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jerome powell is set to speak on the interest rate cuts. how soon will they come? when will they come? speaking of data, the u.s. spenldsing data is due to come out on friday, despite that being good friday, of course. they're hoping it's good news when it comes to the data front. 0.3% is the inflation front that's anticipated. it's the fed's most preferred inflation rate to watch out for. >>> hitting a couple of other headline, arabile, united airlines is under new scrutiny following a string of safety issues in recent weeks. tell us what's going on there. >> they've faced quite a few issues. we've all been looking at boeing, especially after that fuselage door back in early february. but actually in the last few weeks, they've had issues themselves. on march 15 ft, an external panel was found to be missing from a united aircraft and landed in oregon, which prompted an faa investigation. before that, united airlines' 737 max rolled onto the grass in houston. another 777, which was bound for japan, lost a tire after takeoff from san francisco and then was diverted
jerome powell is set to speak on the interest rate cuts. how soon will they come? when will they come? speaking of data, the u.s. spenldsing data is due to come out on friday, despite that being good friday, of course. they're hoping it's good news when it comes to the data front. 0.3% is the inflation front that's anticipated. it's the fed's most preferred inflation rate to watch out for. >>> hitting a couple of other headline, arabile, united airlines is under new scrutiny following...
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Mar 24, 2024
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this week we find out jerome powell is only three interest rate cuts. by the way, if anybody is going he's whistling past the graveyard, no i'm not. i'm just telling you. you look at the fundamentals, it doesn't make sense that donald trump is going to pull this off at the end. he doesn't have money. >> why money is so important for botta right now, he is the one that we need to hear more about. he is on the air right now reaching the voters that were for him in '20, telling them what they need to know in march about what he has accomplished. what are all of these accomplishments going to break through? starting now, because now they can put these ads on the air. >> a big question, will trump out the money to go on the air in july, august, september and october? at the rate he's going maybe something will dramatically change. looking back at 2020, his lack of being on the air is what a lot of analysts contribute to certain ground states. he can get those numbers up dramatically, he's going to fall victim to the same pattern. >> we have a lot more to get
this week we find out jerome powell is only three interest rate cuts. by the way, if anybody is going he's whistling past the graveyard, no i'm not. i'm just telling you. you look at the fundamentals, it doesn't make sense that donald trump is going to pull this off at the end. he doesn't have money. >> why money is so important for botta right now, he is the one that we need to hear more about. he is on the air right now reaching the voters that were for him in '20, telling them what...
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Mar 23, 2024
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i think that that is where jerome powell was trying to drive at. >> my goal is to be a voice for people watch it as ukraine going to win this war. why do you think hamas has been releasing hostages >> because they're under immense pressure? >> asking challenging questions of the folks who run the world. >> you're ready the lead with jake tapper, cnn, week days it for >> hello and welcome to all of you watching us here in the united states, canada, and all around the world. i'm kim brunhuber in atlanta. we're falling developments in russia following a terror attack near the capital moscow, dozens or dead with isis claiming responsibility >> good morning, julia. i'm richard quest outside buckingham palace in london hey messages of support are pouring into for catherine, princess of wales after she reveals a cancer diagnosis, i will bring you the details on what we know so far. >> also, us government will remain open as a spending agreement between the house and senate squeaks by just in time >> breaking, >> news at this hour, russian state media say 11 people, including the four gunman, h
i think that that is where jerome powell was trying to drive at. >> my goal is to be a voice for people watch it as ukraine going to win this war. why do you think hamas has been releasing hostages >> because they're under immense pressure? >> asking challenging questions of the folks who run the world. >> you're ready the lead with jake tapper, cnn, week days it for >> hello and welcome to all of you watching us here in the united states, canada, and all around...
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Mar 23, 2024
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i think that that is where jerome powell was trying to drive at. >> my goal is to be a voice for people watch it as ukraine going to win this war. why do you think hamas has been releasing hostages >> because they're under immense pressure? >> asking challenging questions of the folks who run the world. >> you're ready the lead with jake tapper, cnn, week days it for >> h
i think that that is where jerome powell was trying to drive at. >> my goal is to be a voice for people watch it as ukraine going to win this war. why do you think hamas has been releasing hostages >> because they're under immense pressure? >> asking challenging questions of the folks who run the world. >> you're ready the lead with jake tapper, cnn, week days it for >> h
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Mar 22, 2024
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jerome powell not giving anymore this morning, but certainly we are still thinking that overall we are on pace for three cuts for the rest of the year. i will shine a light on what is happening in china. we did have some big moves in the u.n.. pull back significantly versus the u.s. dollar. versus the chinese currencies. why? we are seeing chinese policymakers allow a bit of weakening in the currency as they set that peggy lower -- peg lower than anticipated. how far we have come, the etf volumes dialing back and we are off a percent for the course of the trading week. ed, what are you looking at in the micro? ed: reddit. we are going to take a day-two look at reddit. on day one it was a 48% jump from the early four dollars ipo price. there is a lot to discuss if you zoom out about this week. we'll talk about sterile labs -- astera labs as well. in the conversation we had with jen wong, we know you have to go back in six months time and say, how did they do? the story continues to be elsewhere. apple, doj, antitrust lawsuit against them. in thursday's session it had a material impact o
jerome powell not giving anymore this morning, but certainly we are still thinking that overall we are on pace for three cuts for the rest of the year. i will shine a light on what is happening in china. we did have some big moves in the u.n.. pull back significantly versus the u.s. dollar. versus the chinese currencies. why? we are seeing chinese policymakers allow a bit of weakening in the currency as they set that peggy lower -- peg lower than anticipated. how far we have come, the etf...
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Mar 22, 2024
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jerome powell and janet yellen have no way out. if they raise interest rates they're going to raise interest on our debt and it will increase even faster. if a lower interest rates it's going to get people more money more jobs and increase inflation that way i through spending. what is your comment on that? >> guest: s right. i mean, i think jerome powell is going make decisions about interest rates without an essentially concerned about how that affects the debt but that's right. the higher rates we havee seen already, i mean the fed said they think they he done rates. there at thepe peak of their interest rates for now. that is increased interest cost of the government. there's a question that's happen. that is a challenge but chair powell has made clear as most fedd chairs do, they think the spendingnd taxing decision on the government of two elected officials and not them. although chair powell said he thinkst the deficit is not sustainable and it's something the government, congress and the white house should deal with. >> hos
jerome powell and janet yellen have no way out. if they raise interest rates they're going to raise interest on our debt and it will increase even faster. if a lower interest rates it's going to get people more money more jobs and increase inflation that way i through spending. what is your comment on that? >> guest: s right. i mean, i think jerome powell is going make decisions about interest rates without an essentially concerned about how that affects the debt but that's right. the...
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Mar 22, 2024
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jerome powell and janet yellen haveki)z no way out. if they raise interest rates, they're going to raise interest on our debt which will increase faster. if they going to give people moe money, more jobs and increase inflation that way through spending. what is your guest comment on that? guest: that's right, think jerome powell will make decisions about interest rates withoutsarily concerned about how that affects the debt. the higher rates that we have seen already in the fed has said they t■7hi■■nk ty are done hikig rates, they are at the peak of their interest rates for now. that has increased interest cost to the government. challenge but chair powell has made clear as most fed chair is due that theydecise up to elected officials and not them. chair powell has said he thinks the deficit is not sustainable and is something the government, congress and the white house should deal with. host: the unemployment rate in february was 3.9%. it increase from 3.7% in january. what was that a sign of? guest: it's a sign of potentially
jerome powell and janet yellen haveki)z no way out. if they raise interest rates, they're going to raise interest on our debt which will increase faster. if they going to give people moe money, more jobs and increase inflation that way through spending. what is your guest comment on that? guest: that's right, think jerome powell will make decisions about interest rates withoutsarily concerned about how that affects the debt. the higher rates that we have seen already in the fed has said they...
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Mar 21, 2024
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inflation expectations also bumped a little bit higher but jerome powell was pretty adamant. he says they are committed to the 2% target. >> it's interesting because the dot plot was super industry but would what jerome powell had to say took the limelight. he said we are still committed to 2% and he downplayed it and didn't put it aside totally but he said we know february inflation was a little hot and didn't increase our confidence that we are getting to 2% but overall, it seemed more of a bump in the road. they are waiting to see the data confirm that. they don't think it changes the overall picture that we are in this disinflationary path to 2%. i think that lifted risky assets because he seems to be saying that we will go by the data. for now, they feel confident, not competent up but pretty confident they are on the right path and hopefully they will be cutting rates sometime this year. i think that's the take away. he got peppered with a lot of questions even on easing financial conditions which he said they still feel like policies being restrictive and slowing the e
inflation expectations also bumped a little bit higher but jerome powell was pretty adamant. he says they are committed to the 2% target. >> it's interesting because the dot plot was super industry but would what jerome powell had to say took the limelight. he said we are still committed to 2% and he downplayed it and didn't put it aside totally but he said we know february inflation was a little hot and didn't increase our confidence that we are getting to 2% but overall, it seemed more...
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Mar 21, 2024
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defendant fueled rally after jerome powell says they are still to cut rates this year. awaiting meta-'s ipo. pricing at $34 last night. we'll bring you minute by minute coverage. we mostly see you alan mcknight. how he is allocating around the valley. i am katie greifeld. taking a look at markets right now. a lot of green on the screen behind me. .6%. even more so. currently up by about .9%. something else is happening in the bond.6%. market. they had been meaningfully lower in the overnight session after we got that fed meeting decision yesterday, but moving higher currently. we do have some broking home sales data. let's break it down with mike mckee. mike: some surprising news. we were expecting a kind but instead they rise 9.5%. most of them single-family homes. with mortgage rates coming down just a little, not alive, this is particularly good news. the spring selling season is only just getting underway. maybe the logjam is breaking if people have been waiting long enough to get into the market. katie: we will continue to see if that builds momentum. sticking to t
defendant fueled rally after jerome powell says they are still to cut rates this year. awaiting meta-'s ipo. pricing at $34 last night. we'll bring you minute by minute coverage. we mostly see you alan mcknight. how he is allocating around the valley. i am katie greifeld. taking a look at markets right now. a lot of green on the screen behind me. .6%. even more so. currently up by about .9%. something else is happening in the bond.6%. market. they had been meaningfully lower in the overnight...
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Mar 21, 2024
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>> you could have been in the press conference yesterday because they asked jerome powell that question and he basically says it is data dependent, so what do we do, the fed anticipates that funds will come down by 0.75 percentage points by the end of the year, so a three quarter drop by the end of the year. investors believe there is a 60% chance the fed will begin that process at the june meeting. >> what is the fed's view of the economy? >> they released something called the.plotter, economic projections, and officials anticipate that the economy should slow down this year, that unemployment will drift a bit higher, maybe it'll go to 4.1%, importantly, they believe the inflation rate will come down by another half of a percentage point by the end of the year. just to be clear, the fed's predictions are just that, they are best guesses, they are not guarantees, just human beings and they have been wrong in a lot of their short-term gases. so we will see where we end up, but that is what the fed believes as of yesterday. >> anything helps, thank you for more analysis, you can go to jai
>> you could have been in the press conference yesterday because they asked jerome powell that question and he basically says it is data dependent, so what do we do, the fed anticipates that funds will come down by 0.75 percentage points by the end of the year, so a three quarter drop by the end of the year. investors believe there is a 60% chance the fed will begin that process at the june meeting. >> what is the fed's view of the economy? >> they released something called...
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Mar 21, 2024
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federal reserve chair jerome powell essentially said that the inflation story hasn't changed very much. if you look at their forecasts, the forecasts of the offense officials, they suggest that they still expect three rate cuts sometime this year, future years, different story, it looks like we may not get as many cuts in the future, but for the time being, still on path, which essentially means that there's more money going around. there's, there's more liquidity in the market gets generally tends to be good for stocks, >> people do tend to like money the alternative headline to fed says it will still cut rates this year, might be inflation can still come down. inflation will come down without a recession, which is a pretty good headline. >> yes. >> so as i mentioned, you can look at the >> fed officials forecasts and they have suggested a couple of things have changed in the future. some other things have changed. >> just this year >> relative to what they were expecting a few months ago, the fed is expecting much stronger gdp growth this year lower. unemployment, and a number of oth
federal reserve chair jerome powell essentially said that the inflation story hasn't changed very much. if you look at their forecasts, the forecasts of the offense officials, they suggest that they still expect three rate cuts sometime this year, future years, different story, it looks like we may not get as many cuts in the future, but for the time being, still on path, which essentially means that there's more money going around. there's, there's more liquidity in the market gets generally...
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Mar 21, 2024
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jerome powell and janet yellen have no way out. if they raise intest raise interest on our debt which will increase faster. if they lower interest rates, it's jobs and increase inflation that way through spending. what is your guest comment on that? guest: that's right, think jerome powell will make decisions about interest rates without necessarily concernedebt. the higher rates that we have seen already in the fed has said they think they are done hiking rates, they are at the peak of their interest rates for now. that has increased interest cost to the government. a challenge but chair powell has made clear as most fed chair is due that they think the spe up to elected officials and not them. chair powell has said he thinks the deficit is not government congress and the white house should deal with. host: the unemployment rate in february was 3.9%. it increase from 3.7% in january. what was that a sign of? guest: it's a sign of potentially some people worry about some so-called cracks in the labor market. we have still seen heal
jerome powell and janet yellen have no way out. if they raise intest raise interest on our debt which will increase faster. if they lower interest rates, it's jobs and increase inflation that way through spending. what is your guest comment on that? guest: that's right, think jerome powell will make decisions about interest rates without necessarily concernedebt. the higher rates that we have seen already in the fed has said they think they are done hiking rates, they are at the peak of their...
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Mar 21, 2024
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powell saying that while inflation has cooled considerably, it's still too high. the fed's projection of three rate cuts this year is down from four at its meeting in december. >>> and the u.s. justice department could be getting ready to sue apple. according to bloomberg, citing people familiar with the matter, the u.s. justice department is accusing the gadget giant of violating laws by blocking rivals from accessing hardware and software features of its iphone. earlier this month, apple was hit with a $2 billion anti-trust fine in the eu. we'll be following that story as well. >>> coming up on "morning joe" for the first time in 12 years, the united states is not ranked in the top 20 happiest countries in the world. we'll explain why. >>> plus, congresswoman elissa slotkin is our guest this morning. we'll talk to the former cia analyst about u.s. foreign relations and much more. >>> and arizona state senator eva birch revealed intimate details about her personal life in order to draw attention to the fight over reproductive health rights. she will join us ahead
powell saying that while inflation has cooled considerably, it's still too high. the fed's projection of three rate cuts this year is down from four at its meeting in december. >>> and the u.s. justice department could be getting ready to sue apple. according to bloomberg, citing people familiar with the matter, the u.s. justice department is accusing the gadget giant of violating laws by blocking rivals from accessing hardware and software features of its iphone. earlier this month,...
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Mar 21, 2024
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to hear chairman jerome to hear chairmanjerome powell tallaght, the federal reserve is looking for its goldilocks path forward, making sure the bank doesn't reduce interest rates too much too soon or too little too late. officials decided wednesday to keep the benchmark interest rate at between five and a quarter and 5.5%. it remains unchanged sincejuly, and while the suspense lies around when the fed will cut interest rates, powell did not give any hints. he did say that the fed wants to see inflation falling sustainably towards the 2% goal before going ahead with any rate cuts. he made the case for a cautious path forward. inflation has eased substantially while the labour market has remained strong and thatis market has remained strong and that is very good news. but inflation is still too high. ongoing progress in bringing it down is not assured, on the path forward is uncertain. chairman powell said if all goes as expected this year, rate cuts will be appropriate and that the fed will continue to make decisions meeting by meeting. let's go live to gervais williams, from the invest
to hear chairman jerome to hear chairmanjerome powell tallaght, the federal reserve is looking for its goldilocks path forward, making sure the bank doesn't reduce interest rates too much too soon or too little too late. officials decided wednesday to keep the benchmark interest rate at between five and a quarter and 5.5%. it remains unchanged sincejuly, and while the suspense lies around when the fed will cut interest rates, powell did not give any hints. he did say that the fed wants to see...
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Mar 21, 2024
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. >> the federal reserve is keeping its benchmark interest rate unchanged, although fed chair jerome powell also said today the fed is likely to cut rates three times later this year, despite inflation remaining a bit hotter than expected. powell said thatc inflation is gradually moving down on a, quote, sometimes bumpy road toward the fed's 2% goal. >> the economy has made considerable progress toward our dual mandate objectives. inflation has eased market has remained strong, and- that is very good news. but inflation is still too high. ongoing progress in bringing it down is not assured, and the path forward is uncertain. >> now, economists say interest rate cuts would lower borrowing costs, potentially triggering triggering an economic boom, but could also cause inflation to rebound. the reaction on wall street while stocks rally to new records on hopes of those future interest rate cuts, the dow jumping more than 400 points, the nasdaq added 202 and the s&p 500 was up 46 points. and come tomorrow, there are more updates on the economy and job market, including a march update on
. >> the federal reserve is keeping its benchmark interest rate unchanged, although fed chair jerome powell also said today the fed is likely to cut rates three times later this year, despite inflation remaining a bit hotter than expected. powell said thatc inflation is gradually moving down on a, quote, sometimes bumpy road toward the fed's 2% goal. >> the economy has made considerable progress toward our dual mandate objectives. inflation has eased market has remained strong, and-...
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Mar 21, 2024
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. >> jerome powell filing up equities with the dove's stance. can the rally last? here are the top stories. the dovish fed sending the yen stronger for the first time in eight days. japan's finance minister says he's watching the currency with a high sense of urgency. chinese tech socks -- stocks see gains. doubling share buyback and rising dividend pie by 42%. we have a great lineup of guests . we will focus on the indian economy is morgan stanley's chief indian economist. let's get to markets. i get a sense i'm in the wrong color today. of course, it is an everything rally. avril: it is a fed party. a lot of green on the screen. this fed theme is coming through. take a look at the e.m. asia fx, particularly the korean won. the yen also climbing. helped along by comments and parliament. he is striking a neutral tone, avoiding dovishness. after japan comes back from that holiday, we are seeing stocks are really rallying hard today. the msci asia pacific is hovering at a level we haven't seen in two years. tech is leading the charge. it's all the long not just by th
. >> jerome powell filing up equities with the dove's stance. can the rally last? here are the top stories. the dovish fed sending the yen stronger for the first time in eight days. japan's finance minister says he's watching the currency with a high sense of urgency. chinese tech socks -- stocks see gains. doubling share buyback and rising dividend pie by 42%. we have a great lineup of guests . we will focus on the indian economy is morgan stanley's chief indian economist. let's get to...
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Mar 21, 2024
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i mean, naturally, you're looking at three rate cuts this year, that's what jerome powel is saying. the next part of it is whether you're going to see central banks in asia copy that sort of movement later in the year as well. and the whole theme is one of a very soft landing as long as inflation remains or gets to that 2% to 3% target range. that is what the fed is always targeting, that 2% inflation rate. a lot of the discussions of where this is going is based on the strength of the us economy. can you give us an idea of why the us economy is so strong? you've only gotta look at it as far as equity markets, they've been extraordinary of the last 1a or 15 months. that's been strongly bid up. you've got recently good unemployment in the sense that it is low. that's been strong. and the inflation side, with higher interest rates, is certainly fighting the consumer, but the overall momentum of the economy has been relatively bulletproof. so, as it rolls forward, we've gotta see how that maintains over the northern hemisphere summer. and it mightjust happen to be a relatively good rol
i mean, naturally, you're looking at three rate cuts this year, that's what jerome powel is saying. the next part of it is whether you're going to see central banks in asia copy that sort of movement later in the year as well. and the whole theme is one of a very soft landing as long as inflation remains or gets to that 2% to 3% target range. that is what the fed is always targeting, that 2% inflation rate. a lot of the discussions of where this is going is based on the strength of the us...
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Mar 21, 2024
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ilia: jerome powell dice que maten a la meta de bajar la tasa de inflaciÓn a 2% anual, la noticia de que habrÁ tres recortes dispara la bolsa de new york a niveles muy altos. jorge: detalles sobre extinguidores y llaves de las celdas que apuntan a una posible negligencia de las autoridades durante el incendio en una estaciÓn migratoria de ciudad juÁrez y que murieron cuenta personas. ilia: aumentan diagnÓstico de alzheimer en los estados unidos, los pronÓsticos no son del todo alentadores. jorge: los premios del power ball y mega millions superan los $1,600,000,000, le decimos cuÁnto dinero se lleva un los $1,600,000,000, le decimos cuÁnto dinero se lleva un ganador. sólo tienes que añadirlo donde normalmente pones el suavizante para eliminar los olores profundos 3 veces mejor que el detergente solo. prueba tide fabric rinse. tu gerente de envíos se fue para “encontrarse a si mismos.” dejándote perdida. necesitas contratar. necesito indeed. con indeed puedes atraer, seleccionar y entrevistar candidatos, todo desde un solo lugar. redime tu crédito de 75 dólares indeed
ilia: jerome powell dice que maten a la meta de bajar la tasa de inflaciÓn a 2% anual, la noticia de que habrÁ tres recortes dispara la bolsa de new york a niveles muy altos. jorge: detalles sobre extinguidores y llaves de las celdas que apuntan a una posible negligencia de las autoridades durante el incendio en una estaciÓn migratoria de ciudad juÁrez y que murieron cuenta personas. ilia: aumentan diagnÓstico de alzheimer en los estados unidos, los pronÓsticos no son del todo...
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Mar 21, 2024
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federal reserve chair jerome powell book to reporters about the decision and what conditions would warrant a future rate cut later this year. the federal open revisit the ise when it meets again at the end of may. >> good afternoon. my colleagues and i remained squarely focused on our dual mandate to promote maximum employment and stable prices for the american people. the economy has made considerable progress toward our dual mandate objectivesinflatiod substantially while the labor market has remained strong. and that is very good news. but inflation is high. ongoing progress in bringing it down is not assured and the path forward is uncertain. we are fully committed to returning inflation to our 2% goal, restoring price stability is essential to achieve a sustainably strong labor market that benefits all. ■iltoday, the fomc decided to le our policy interest rate unchanged and to continue to reduce our securities holdings. our restrictive stance of monetary policy has been putting downward pressure on economic activity and inflation. as labor market tightness has eased and progress on
federal reserve chair jerome powell book to reporters about the decision and what conditions would warrant a future rate cut later this year. the federal open revisit the ise when it meets again at the end of may. >> good afternoon. my colleagues and i remained squarely focused on our dual mandate to promote maximum employment and stable prices for the american people. the economy has made considerable progress toward our dual mandate objectivesinflatiod substantially while the labor...
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Mar 21, 2024
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[applae] >> jerome powell said today the central bank will leave interest rates unchanged for now but that the fed still expects to cut rates by the end of the year. he spoke with reporters following the conclusion of the committee meetings held this week. watch the announcement tonight at 9:00 eastern on c-span, c-span now, or c-span.org. we ar joined now by jason sneed with the honest elections project. tell us about the mission and how you are finding? guest: we areon partisanour guio inspire confidence of the voting process how we are funded, a number of donors who share commitment and concern the future of election integrity and make sure they all have a system they are confident in. host: y put out a report with reforms you are recommending. one of them is to ban choice voting. guest: right choice voting is a new idea theyce all over the country. it makes voting take longernds e confusing and our number one principal is to aspire confidence and it discourages people from participating in the system. it takes a system where we are familiar it the most candidatel -- you are breaki
[applae] >> jerome powell said today the central bank will leave interest rates unchanged for now but that the fed still expects to cut rates by the end of the year. he spoke with reporters following the conclusion of the committee meetings held this week. watch the announcement tonight at 9:00 eastern on c-span, c-span now, or c-span.org. we ar joined now by jason sneed with the honest elections project. tell us about the mission and how you are finding? guest: we areon partisanour guio...
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Mar 21, 2024
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to hear chairman jerome to hear chairmanjerome powell tell at the federal reserve is looking for its goldilocks path forward making sure the bank doesn't reduce interest rate too much too soon or too little too much too soon or too little too late. officials decided wednesday to keep the benchmark interest rate at between five and a quarter and five and a half percent it remains unchanged sincejuly. and while the suspense lies around when the suspense lies around when the fed will cut interest rates powell didn't give any hints. he did say the following sustainably 2% goal before going ahead with any rate cuts. he made the case for a cautious path forward. he made the case for a cautious path forward-— path forward. inflation has eased substantially - path forward. inflation has eased substantially while i path forward. inflation has i eased substantially while the labour market has remained strong. that is very good news. but inflation is still too high, all grown progress in bringing it down is not assured. in the path forward is uncertain. assured. in the path forward is uncerta
to hear chairman jerome to hear chairmanjerome powell tell at the federal reserve is looking for its goldilocks path forward making sure the bank doesn't reduce interest rate too much too soon or too little too much too soon or too little too late. officials decided wednesday to keep the benchmark interest rate at between five and a quarter and five and a half percent it remains unchanged sincejuly. and while the suspense lies around when the suspense lies around when the fed will cut interest...
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Mar 21, 2024
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to hear chairman jerome to hear chairmanjerome powell tell at the federal reserve is looking for its goldilocks path forward making sure the bank doesn't reduce interest rate too much too soon or too little too much too soon or too little too late. officials decided wednesday to keep the benchmark interest rate at between five and a quarter and five and a half percent it remains unchanged sincejuly. and while the suspense lies around when the suspense lies around when the fed will cut interest rates powell didn't give any hints. he did say the following sustainably 2% goal before going ahead with any rate cuts. he made the case for a cautious path forward. he made the case for a cautious path forward-— path forward. inflation has eased substantially - path forward. inflation has eased substantially while i path forward. inflation has i eased substantially while the labour market has remained strong. that is very good news. but inflation is still too high, all
to hear chairman jerome to hear chairmanjerome powell tell at the federal reserve is looking for its goldilocks path forward making sure the bank doesn't reduce interest rate too much too soon or too little too much too soon or too little too late. officials decided wednesday to keep the benchmark interest rate at between five and a quarter and five and a half percent it remains unchanged sincejuly. and while the suspense lies around when the suspense lies around when the fed will cut interest...
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Mar 20, 2024
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jerome powell hit the nail on the head when he said we just do not know. >> i think chair powell stuck to the narrative that we have been hearing for some time, both in terms of the direction of the economy as well as the direction of policy. no real new ground was broken in this meeting. there was not a strong hawkish pivot, although there was the migration of some of the dots in the summary of economic projections. more in the direction of three, very strong consensus now of three great cuts this year. haidi: three cuts on the dot plot, does that seem dovish given the revisions we have seen to unemployment? >> i think -- most of the members of the committee are staying with their views going into this meeting and that is that the number of cuts would either be three or two. what was interesting in looking at the dots is that there are four people in december who actually had uppercuts and that group moved out. there is only one left of that four. they all moved into the three or the two category. i think they are gelling around a view that will depend of course on the data. most impo
jerome powell hit the nail on the head when he said we just do not know. >> i think chair powell stuck to the narrative that we have been hearing for some time, both in terms of the direction of the economy as well as the direction of policy. no real new ground was broken in this meeting. there was not a strong hawkish pivot, although there was the migration of some of the dots in the summary of economic projections. more in the direction of three, very strong consensus now of three great...
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Mar 20, 2024
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fed chair jerome powell said it might mean interest rates can't come down as fast as they hoped. >> we were saying that it's gonna be a bumpy ride, we've consistently said that. now, here are some bumps and the question is, are they more than bumps? we just, we can't know that, and that's why we are approaching this question carefully. geoff: meantime, the congressional budget office projected that in 30 years time, federal debt will reach 166 percent of u.s. economic output. that's actually down from the last forecast. secretary of state antony blinken is back in the middle east tonight, trying to get an agreement to halt the war in gaza. he began with a stop in saudi arabia to meet with the crown prince and his foreign minister. blinken flies to egypt tomorrow and then to israel on friday. (unless otherwise noted in -- and then to israel on friday. in washington, senate majority leader chuck schumer declined a request by israeli prime minister benjamin netanyahu to speak to the senate democratic caucus today. the prime minister spoke instead via video call to senate republicans. schu
fed chair jerome powell said it might mean interest rates can't come down as fast as they hoped. >> we were saying that it's gonna be a bumpy ride, we've consistently said that. now, here are some bumps and the question is, are they more than bumps? we just, we can't know that, and that's why we are approaching this question carefully. geoff: meantime, the congressional budget office projected that in 30 years time, federal debt will reach 166 percent of u.s. economic output. that's...
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Mar 20, 2024
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powell being jerome powell council, the lawyer cannot do ph.d. in economics, he understands that the payrolls were revised down by a million positions in the year and in september the 30th, 2023. he sees the what the biden administration has been announcing is not really what in fact has been the data on the ground. not that we ever look back at revisions, but he certainly is being advised about them by the people on the ground and by the way, neil, that helps expand a lot of the anger element. it's not just the fact that the price of the vast -- gas pump and the price at the grocery stores are up but it's also because people are losing their jobs and because the government is telling them that there is also a figment of the environment -- imagination. >> neil: let me ask you about mortgage rates which tend to go on their own or which the fed has very little control got a lot of them are paying the market rates like a ten-year bound -- bond and i can think and has been narrowly backing up of late as the expedition that the economy is strong enoug
powell being jerome powell council, the lawyer cannot do ph.d. in economics, he understands that the payrolls were revised down by a million positions in the year and in september the 30th, 2023. he sees the what the biden administration has been announcing is not really what in fact has been the data on the ground. not that we ever look back at revisions, but he certainly is being advised about them by the people on the ground and by the way, neil, that helps expand a lot of the anger element....
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Mar 20, 2024
03/24
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that news by jerome powell set the markets flying. s&p 500 and the dow hit all-time highs. the nasdaq finishing up in the green. that was not a record but this was the s&p's 19th record close in 2024 in a row. it is the second straight record close. as expected bond yields fell on on news of pending rate cuts. tech stocks have powered the market rally all year. today was no different. meta, google, amazon, microsoft, google even tesla finishing in the green. they have the most to benefit from rate cuts, that is where the money goes when you cut rates. bank stocks and credit card companies all seeing nice bumps. american express in particular, on the screen there, excuse me, jumped close to 4%. rate cuts could mean more spending from consumers, less defaults and finally chipotle a very tastey dish today on wall street, the company announcing 50 to one stock split. it gained 3 1/2%. the big one to watch tomorrow is reddit. that is going to ipo. it is the first major tech ipo of the year. a lot of investors will be focused on that. larry: very tasty dish, kelly o'grady, very t
that news by jerome powell set the markets flying. s&p 500 and the dow hit all-time highs. the nasdaq finishing up in the green. that was not a record but this was the s&p's 19th record close in 2024 in a row. it is the second straight record close. as expected bond yields fell on on news of pending rate cuts. tech stocks have powered the market rally all year. today was no different. meta, google, amazon, microsoft, google even tesla finishing in the green. they have the most to...
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Mar 20, 2024
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one thing to appreciate about jerome powell. he always telegraphed and really worried about the market. fed chairman are not supposed to be worried about the market. be that as it may, he is. that's why the general consensus among people like fink and others, is that the june rate cut of 25-basis points is baked in. he's not going to -- because the markets will go wickedly shout if that doesn't happen. this is borrowing some mayor yak we out of the blue -- wacky inflation out of the blue numbers and rates are at 3, he's still worried about a recession because there's other numbers that show a slow down. june is baked in. obviously if inflation numbers after june look sticky and look like they're rising, all bets are off on the other two. liz: i say two. i thought larry predicted a possible two cuts. >> yeah, he did but said three so there could be three. be that as it may, the june thing is baked in and gets into the weirdness of jerome powell and again, fed chairs are not supposed to worry about the stock market and worry about
one thing to appreciate about jerome powell. he always telegraphed and really worried about the market. fed chairman are not supposed to be worried about the market. be that as it may, he is. that's why the general consensus among people like fink and others, is that the june rate cut of 25-basis points is baked in. he's not going to -- because the markets will go wickedly shout if that doesn't happen. this is borrowing some mayor yak we out of the blue -- wacky inflation out of the blue...