0
0.0
Mar 20, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
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...
0
0.0
Mar 4, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
investors watching jerome powell for jobs data in the china mpca. let's look at what we are getting we are stocks have pulled off session highs. seeing a rally in bonds, but in order for this to climb, we have seen a floor. they want to see structural reforms and policy consistency. let's look at the real estate sector, the pain point for china. despite those sales surging, properties are down and that is a sign of bonds being down. talking to lenders to defer payments. this will figure strongly in the annual gathering. tom: thank you very much indeed. a big week for china. unveiling strategies, but li qiang will not the holding a press briefing. bloomberg's stephen engle joins us. a surprise move by the premier. what are you reading into it? >> this is the one time we can get into tiananmen square. it's the one time you can hear legislators. tomorrow is the political advisory body to the national people's congress and they are gathering. we are getting busloads of delegates coming in. the biggest challenge is the economy, externally in internally.
investors watching jerome powell for jobs data in the china mpca. let's look at what we are getting we are stocks have pulled off session highs. seeing a rally in bonds, but in order for this to climb, we have seen a floor. they want to see structural reforms and policy consistency. let's look at the real estate sector, the pain point for china. despite those sales surging, properties are down and that is a sign of bonds being down. talking to lenders to defer payments. this will figure...
0
0.0
Mar 19, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
my sense is that jerome powell failed the marshmallow test. he ate the marshmallow at the november press conference. he wanted to declare victory on inflation too soon. if he had shown a little self-restraint financial conditions would not have eased and inflation and economic activity would not be re-accelerating as we have now. i think despite their predilection to want to cut, the fed will possibly have to stay higher for longer. it all depends on what the fed does. katie: i have heard people tell me over the past few weeks that the fed wants to cut but they can't yet. why do you think they want to cut? why is that the narrative? scott: jerome powell said it in front of congress. katie: that's true. scott: i take him at his word. david: coming back to trump for a second, your name has come up as maybe playing some role. if you had conversations with the former president his team that would indicate to you where he thinks he wants to go economically? scott: sure. what i will say is i'm not going to repeat private conversations but i think a
my sense is that jerome powell failed the marshmallow test. he ate the marshmallow at the november press conference. he wanted to declare victory on inflation too soon. if he had shown a little self-restraint financial conditions would not have eased and inflation and economic activity would not be re-accelerating as we have now. i think despite their predilection to want to cut, the fed will possibly have to stay higher for longer. it all depends on what the fed does. katie: i have heard...
0
0.0
Mar 4, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
fed chairman jerome powell will deliver his semiannual monthly polisario testimony. it is affected to provide markets more insight on the u.s. central bank's rate hikes policy. you have heard from many fed officials saying they are in no hurry to cut rates. thursday, president biden will deliver his state of the union address. we will have special coverage on bloomberg tv. and the ecb said to hold rates steady as it awaits more evidence that inflation is under control. lots to digest. as get more with sam rhee, chairman and cio of independent wealth manager, endowus. for the moment it is about china. how crucial is it, or has everything been factored in. we saw three weeks of gains for china. sam: as many people have been commentating, it is a huge week for china. there is growing expectations and that is what leaves the market rebounding. whether this is the dead cat bounce or the bottom of the market, and we start seeing this rally have some legs, we will have to wait until be announcements come out. i would err on the side of caution and say i don't think that wil
fed chairman jerome powell will deliver his semiannual monthly polisario testimony. it is affected to provide markets more insight on the u.s. central bank's rate hikes policy. you have heard from many fed officials saying they are in no hurry to cut rates. thursday, president biden will deliver his state of the union address. we will have special coverage on bloomberg tv. and the ecb said to hold rates steady as it awaits more evidence that inflation is under control. lots to digest. as get...
0
0.0
Mar 20, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
what tone do you think jerome powell will strike today? >> he is going to come off as similarly dovish. the goal is to start inching toward rate cuts. the goal is to start priming markets for expecting a tapering of qt. we are going to get details about qt and details about what it might take to start rate cuts during the press conference. katie: it is not just the dots. we also have the balance sheet. bloomberg economics economist stuart paul. let's keep this conversation going with santander chief economist stephen stanley joining us. tell us about what your most adjusted to see. we have the actual decision. we have the statement. we have the summary of economic projections. we get the press conference. what are you going to be most paying attention to? >> lots to digest. for me, it is the 2024 media.. -- media dot. the fed was projecting three rate cuts as of december. there is some debate in the markets about whether they will move that down to two. i will lean toward them staying at three. but there is certainly a risk of two. that wi
what tone do you think jerome powell will strike today? >> he is going to come off as similarly dovish. the goal is to start inching toward rate cuts. the goal is to start priming markets for expecting a tapering of qt. we are going to get details about qt and details about what it might take to start rate cuts during the press conference. katie: it is not just the dots. we also have the balance sheet. bloomberg economics economist stuart paul. let's keep this conversation going with...
0
0.0
Mar 20, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
when jerome powell stands up at a press conference, he does not really push back against it. that will be the most hawkish outcome. the slightly less hawkish outcome was we would get the two dot plots production here. then they will see how dubberly pushes back. there are so rate cuts coming later in the year. nothing to worry about. the most of a scenario would be the dot plot stay at three rate cuts for this year and drum powell sounds dovish. closer not too far away from the november highs. they have an office in new york. they will be watching closely. you may will see some headlines coming out. the mistry of finance is pushing back and sing the dollar-yen is getting too far. they need to do something about it. if he goes even further, we may even have to see extra intervention to try to support this. probably nonverbal intervention first. certainly currency markets very much in play. euro-yen hit a 16 year high as well. treasury markets will also be watching very closely. people seem to be shorting treasuries very much. if there is a risk, it is short covering. slightly
when jerome powell stands up at a press conference, he does not really push back against it. that will be the most hawkish outcome. the slightly less hawkish outcome was we would get the two dot plots production here. then they will see how dubberly pushes back. there are so rate cuts coming later in the year. nothing to worry about. the most of a scenario would be the dot plot stay at three rate cuts for this year and drum powell sounds dovish. closer not too far away from the november highs....
0
0.0
Mar 6, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
from fed chair jerome powell on capitol hill can. mike, when we think about how chair powell is going to be addressing congress, we spoke about some of the issues already. what is he coming up against, especially as inflation is still top of mind? michael: well, he's going to come up against criticism of the fed for not moving quickly enough to bring down inflammation and the fed has admitted it was slow on the trigger there. but in his opening remarks, he talks about how the fed is determined to bring in addition to 2% target. sonali: we are already seeing it met by a bid in the short term market here 2 year yield downs a little bit even just yesterday. liz: although like you'll see a lot to the research report nothing but he seemed hawkish enough. he didn't lean more hawkish than he had to me focused on the dual mandate which some show more balanced. saying we are not clear we have enough process to cut yet but he cuts some of the tail risk out of the market by saying again, rates are at their peak and some time later, we'll cut ra
from fed chair jerome powell on capitol hill can. mike, when we think about how chair powell is going to be addressing congress, we spoke about some of the issues already. what is he coming up against, especially as inflation is still top of mind? michael: well, he's going to come up against criticism of the fed for not moving quickly enough to bring down inflammation and the fed has admitted it was slow on the trigger there. but in his opening remarks, he talks about how the fed is determined...
0
0.0
Mar 7, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
jerome powell in testimony to lawmakers saying borrowing costs should come down this year but making clear policymakers are not ready to move yet. >> we believe our policy rate is likely at its peak for this tightening cycle. if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at sometime this year. the committee does not expect it will be appropriate to reduce the target range until it has gotten rid of confidence that inflation has moved more strongly toward 2%. haslinda: neel kashkari says he expects at most two rate cuts this year. he said while his base case of two cuts remains, the same from december, he might revise it to one for the mid-march meeting. let's get back to our guest, still with us. 2024 is the year of disinflation, rate cuts, we've gone from seven to three and perhaps one. >> i think the market is reacting to what happened in november and december, looking at six rate cuts, then the data moves and we started getting the market saying we .5 and three at best -- 3.5 and three at best this year. if you loo
jerome powell in testimony to lawmakers saying borrowing costs should come down this year but making clear policymakers are not ready to move yet. >> we believe our policy rate is likely at its peak for this tightening cycle. if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at sometime this year. the committee does not expect it will be appropriate to reduce the target range until it has gotten rid of confidence that...
0
0.0
Mar 21, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
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...
0
0.0
Mar 6, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
and number of jerome powell's colleagues have downplayed that, they are able they say to look through that january data. are we expecting to get a similar message from powell in terms of the way he interprets that data? where are you expecting his messaging to land? jill: when you look at a lot of the statements that powell has made in relation to a lot of his fomc colleagues, he is actually really kind of in the middle of the pack so i would expect him to be sticking with that status quo and that idea that inflation remains under pressure, that cpi print in january was very hot. and as much as fed officials like to say they are incredibly data dependent, they like to depend on where that data is getting them to make decisions on rates. i think that beginning of the year data was, we will have to see what we are ultimately sing out february, march as they continue to create that rate trajectory for the rest of the quarter, rest of the first half of this year. i would expect powell to pretty much match what we heard from those fomc officials but maybe we will get further guidance next
and number of jerome powell's colleagues have downplayed that, they are able they say to look through that january data. are we expecting to get a similar message from powell in terms of the way he interprets that data? where are you expecting his messaging to land? jill: when you look at a lot of the statements that powell has made in relation to a lot of his fomc colleagues, he is actually really kind of in the middle of the pack so i would expect him to be sticking with that status quo and...
0
0.0
Mar 21, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
. >> 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...
0
0.0
Mar 8, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
kriti: fed chair jerome powell telling congress the central bank is not far from the confidence needed to ease policy. right here in europe, ecb president christine lagarde signals the bank may cut rates in june. it warns tiempo -- geopolitical risks should not be ignored. i want to quick check on the markets. we've got the geopolitical situation coming up of -- off of president biden in his state of the union address overnight. what that means for futures is a little bit of positivity right here in europe. euro stoxx 50 future desire. ftse 100 higher. let's cross the atlantic where you are not seeing the same optimism. futures in the u.s. unchanged. 51 65 on the contracts. nasdaq 100 futures are down 1/10 of 1%. how much is a global story of not wanting the exposure to the house. how much is cashing out ahead of the long weekend with technicals plumbing at -- limiting at play. chairman powell did speak and testimony. you have the ecb dates you in the after facts. the bond market absolutely matters. they have been fairly sanguine as it looks to preclude how to navigate the story. tenur
kriti: fed chair jerome powell telling congress the central bank is not far from the confidence needed to ease policy. right here in europe, ecb president christine lagarde signals the bank may cut rates in june. it warns tiempo -- geopolitical risks should not be ignored. i want to quick check on the markets. we've got the geopolitical situation coming up of -- off of president biden in his state of the union address overnight. what that means for futures is a little bit of positivity right...
0
0.0
Mar 21, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
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...
0
0.0
Mar 26, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
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...
0
0.0
Mar 8, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
sonali: jerome powell did get a number of questions on the balance sheet reduction. how do you argue this is not an economy or market that is on life support when the fed balance sheet is still as bloated as it is? tiffany: exactly. our view is the federal reserve can continue to shrink its balance sheet. the one thing i would note is although it has been reducing the size of its asset holdings over the past year or more, it has not actually tightened liquidity conditions as you would expect. we still have very similar amounts of bank reserves in the system and that is because most of the decline is coming out of the fed's reverse repo facility. what the fed has done so far on qt has not quantitatively tightened anything. there is more room to run. it is reasonable for the fed to reduce the pace at which it is letting assets rolloff in terms of prudence and things like that. nevertheless we think they can go for a while and get the balance sheet down further. we think they can continue qt through the end of 2024 if not into 2025. sonali: that is pimco economist tiffa
sonali: jerome powell did get a number of questions on the balance sheet reduction. how do you argue this is not an economy or market that is on life support when the fed balance sheet is still as bloated as it is? tiffany: exactly. our view is the federal reserve can continue to shrink its balance sheet. the one thing i would note is although it has been reducing the size of its asset holdings over the past year or more, it has not actually tightened liquidity conditions as you would expect....
0
0.0
Mar 7, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
as we wait from testimony from jerome powell on capitol hill let us welcome back michael mckee and liz mccormick. we were talking a little bit earlier about how we have seen a bid back in the bond market. do you think that to some degree this cooling of rates is conflicting with the path and message that jerome powell is trying to send across? michael: i do not think so. what you have is the market reacting to events today in the european union, and the euro area with madame lagarde talking about rate cuts and may be putting more of a date on it that jay powell has done and then also some economic data today that did show that the economy is status quo at this point. we are still 10 to 15 days out from the fed meeting on march 20. and the fed has told us that they will not do anything. what you are really talking about you are talking about markets in the fed is a may meeting which is such a long way away. i do not think we are really trading on what the fed will do on may 1. sonali: how are traders positioning? we talked about this on the long end of the curve. powell got awkward ques
as we wait from testimony from jerome powell on capitol hill let us welcome back michael mckee and liz mccormick. we were talking a little bit earlier about how we have seen a bid back in the bond market. do you think that to some degree this cooling of rates is conflicting with the path and message that jerome powell is trying to send across? michael: i do not think so. what you have is the market reacting to events today in the european union, and the euro area with madame lagarde talking...
0
0.0
Mar 15, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
powell. the boe decision is out thursday as well as an ipo. let's talk how much we will see in the wild central bank's monetary policy for 40% of the world's gdp coming out next week. the boj, boe and fed are highly watched for their -- and of course there are many others and we will keep an eye on all that throughout next week. from new york that is it for us time same place next week. this was bloomberg go yields. -- this was bloomberg real yield. this is bloomberg. ♪ sonali: welcome to bloomberg markets. we are looking at stocks falling with tech selling off and we are hitting session lows. benchmarks tumble in the last hours a let's check on the markets. the s&p 500 is on track to have the second week in a rollover. weeds -- it's now down 0.7% and the nasdaq is down more than 1.2% and semiconductors are down almost 0.3%. volatility is inching slightly higher but we are watching the second da
powell. the boe decision is out thursday as well as an ipo. let's talk how much we will see in the wild central bank's monetary policy for 40% of the world's gdp coming out next week. the boj, boe and fed are highly watched for their -- and of course there are many others and we will keep an eye on all that throughout next week. from new york that is it for us time same place next week. this was bloomberg go yields. -- this was bloomberg real yield. this is bloomberg. ♪ sonali: welcome to...
0
0.0
Mar 1, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
softer than what we saw of the prior print of 350 three k, but above what jerome powell said would be the neutral pace of payrolls. the unemployment rate expected to stay unchanged. that does it from new york. same time, same place next week. this was "real yield" on bloomberg. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh i think he's having a midlife crisis i'm not. ahhhhhh you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. sonali: welcome to "bloomb
softer than what we saw of the prior print of 350 three k, but above what jerome powell said would be the neutral pace of payrolls. the unemployment rate expected to stay unchanged. that does it from new york. same time, same place next week. this was "real yield" on bloomberg. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh...
0
0.0
Mar 20, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
what kind of tone do you think jerome powell will take? mike: powell has alternated between being hawkish and dovish at his press conferences and tend to change as the day goes on. we will see if he can retain a neutral outlook this time and keep people from reacting too much to what they think he might've said. katie: a busy man, i'm sure you will be peppering today. let sick a quick look at some of the stocks hitting highs and lows and we kick off with chipotle hitting a high after they hit a stock split. it would be the first in the company's 30 year history and one of the biggest stock split in the history of the new york stock exchange. international paper hitting highs after reporting kkr's andrew silverdale as ceo. meanwhile take a look at the downside, a burberry hitting lows off a lot of the leather luxury names after a steeper than expected kleiman asian sales. the principal asset management chief global strategist joins bloomberg technology next. this is bloomberg. ♪ you're probably not easily persuaded to switch mobile provid
what kind of tone do you think jerome powell will take? mike: powell has alternated between being hawkish and dovish at his press conferences and tend to change as the day goes on. we will see if he can retain a neutral outlook this time and keep people from reacting too much to what they think he might've said. katie: a busy man, i'm sure you will be peppering today. let sick a quick look at some of the stocks hitting highs and lows and we kick off with chipotle hitting a high after they hit a...
0
0.0
Mar 28, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
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...
0
0.0
Mar 13, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
jerome powell said he thought it might be the first rate cut in the middle of the year, which people are taking for being june, the markets think it's the right time. everything could be upended if they change the dot plots next week and maybe they reduce the number to this year for cuts, and may be in an extreme case they go for one. there is plenty hinging on this, and that's probably why there's nervousness in the treasury market, they may see a follow-through in the equity markets as well. they might take a cautious stance between now and next week's decision. tom: lines crossing from the governor who has been given evidence again in front of parliament in tokyo. the boj saying spring wage talks are important in terms of monitoring that for the boj. he's reiterating what we heard. he is saying they will mall policy adjustment once the price target is insight. a bit more detail coming through. it doesn't shift the needle much, but maybe the wages do. to what extent is the resilience of these markets to the prospect of a boj hike next week, or is that a risk still for these markets
jerome powell said he thought it might be the first rate cut in the middle of the year, which people are taking for being june, the markets think it's the right time. everything could be upended if they change the dot plots next week and maybe they reduce the number to this year for cuts, and may be in an extreme case they go for one. there is plenty hinging on this, and that's probably why there's nervousness in the treasury market, they may see a follow-through in the equity markets as well....
0
0.0
Mar 7, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
where wall street banks are on the cusp of his sweeping regulatory victory after jerome powell said officials with scaled-back plans to make them hold more capital. he testified before congress yesterday. >> i do expect to there will be broad and material changes to the proposal. i am confident that the final product will be one that has broad support both at the fed and in the broader world. this would be a thoughtful, deliberative process. it is more important that we get this right can we do it fast. tom: there was not any surprise on the monetary policy rhetoric but on his comments about the banking sector and this particular piece of regulation. what did he have to say about u.s. lenders? >> did not expect this one. i thought we would be focused on monetary policy, but you have got powell saying this. the backdrop here is that the fed has been working on some changes to some policies are around capital questions were banks essentially, wanting them to hold more in capital. this is stemming back to the global financial crisis and broader reforms around the banks, but really picked up stea
where wall street banks are on the cusp of his sweeping regulatory victory after jerome powell said officials with scaled-back plans to make them hold more capital. he testified before congress yesterday. >> i do expect to there will be broad and material changes to the proposal. i am confident that the final product will be one that has broad support both at the fed and in the broader world. this would be a thoughtful, deliberative process. it is more important that we get this right can...
0
0.0
Mar 14, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
that will not happen, so people are preaching back, jerome powell himself is indicated that the middle of the year. it traders think june is now the likely time, so what does that bed new? do they stick with three rate cuts this year? they still left lending of time -- still have plenty of time. only two people need to change their mind and the picture changes, or in extreme cases some people think only what is necessary, so there was so my changing particularly for bond traders, equities as well. they really want to know what does the fed think in terms of realistically how many red cuts -- rate cuts, and janet yellen said she does not think interest rates can go lower than pre-pandemic. tom: interesting you bring up the comments from janet yellen, what did you make of those comments? is that a warning shot being fired across markets or is that scenario already priced in? >> she is being realistic. she can see firsthand where u.s. government spending is going. she knows they are running a large deficit. she can see the level of interest rate so she has probably warning people. if we c
that will not happen, so people are preaching back, jerome powell himself is indicated that the middle of the year. it traders think june is now the likely time, so what does that bed new? do they stick with three rate cuts this year? they still left lending of time -- still have plenty of time. only two people need to change their mind and the picture changes, or in extreme cases some people think only what is necessary, so there was so my changing particularly for bond traders, equities as...
0
0.0
Mar 22, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
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...
0
0.0
Mar 5, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
jerome powell's testimony, as well as that nonfarm payroll. in terms of some of the players, china property stocks in particular, china vanke one to watch, currently down 3%. take a look at the broader market as well. apart from chinese insurers warning of debt risk, and china vanke, we're keeping track of that msci index, currently down 0.5%. nio in focus, it is out with earnings after the bell. currently down by 3.5%. asia pac stocks halting a three-day rally, currently down 0.2%, as we await greater clarity from the npc, as well as data out of the u.s. this is how it is looking in terms of benchmarks. the benchmark in hong kong currently down almost 2%, dragged down by tech, the taiex in the opposite direction, higher by 0.7%. that is it from "bloomberg: markets asia." daybreak middle east and africa is next. keep it here with us. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-borde
jerome powell's testimony, as well as that nonfarm payroll. in terms of some of the players, china property stocks in particular, china vanke one to watch, currently down 3%. take a look at the broader market as well. apart from chinese insurers warning of debt risk, and china vanke, we're keeping track of that msci index, currently down 0.5%. nio in focus, it is out with earnings after the bell. currently down by 3.5%. asia pac stocks halting a three-day rally, currently down 0.2%, as we await...
0
0.0
Mar 7, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
fed chair jerome powell telling the u.s. senate banking committee that policymakers are getting closer to the confidence they need to start easing. >> we are in the right place. we are waiting to become more confident inflation is moving sustainably at 2%. when we get that confidence, and we aren't far from it, it will be appropriate to dial back the level of restriction so we don't drive the economy into recession rather than normalizing policy as the economy gets back to normal. paul: bloomberg's global economic correspondent enda curran joins us now. we heard from jay powell and loretta mester of the cleveland fed's and she also wants to see a couple more data points, more evidence of inflation cooling further. the question is timing. when will we see the fed move? into --enda: we had a signal from chair powell today saying you need to be very confident inflation is heading back towards target. then is he thinks that is not far away now. what constitutes not far off course will be the great game over the next few weeks bu
fed chair jerome powell telling the u.s. senate banking committee that policymakers are getting closer to the confidence they need to start easing. >> we are in the right place. we are waiting to become more confident inflation is moving sustainably at 2%. when we get that confidence, and we aren't far from it, it will be appropriate to dial back the level of restriction so we don't drive the economy into recession rather than normalizing policy as the economy gets back to normal. paul:...
0
0.0
Mar 18, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
hasn't committed to the candidates but hasn't soured on jerome powell, whose term ends in 2026. a two year slump could be nearing an end thanks to stockmarket records. the watching that showed the most popular rolex models work mostly flat with the most in demand model showing declines of less than 1%. rolex's gmt remains an outlier with the blue and red model raising more than 2%. that is your bloomberg brief. jonathan: i saw you staring at it. lisa: i'm trying to understand $20,000. have you ever had a $20,000 watch? jonathan: i thought you never sell bitcoin, i thought that was a something -- a thing. up next, you don't want to talk about it. investors surrender. >> it is more about the terminal rate, i think it has become more interesting. jonathan: that conversation up next. this is bloomberg. ♪ investment opportunities are everywhere you turn. but at t. rowe price, we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcome
hasn't committed to the candidates but hasn't soured on jerome powell, whose term ends in 2026. a two year slump could be nearing an end thanks to stockmarket records. the watching that showed the most popular rolex models work mostly flat with the most in demand model showing declines of less than 1%. rolex's gmt remains an outlier with the blue and red model raising more than 2%. that is your bloomberg brief. jonathan: i saw you staring at it. lisa: i'm trying to understand $20,000. have you...
0
0.0
Mar 25, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
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...
0
0.0
Mar 20, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
this is why i think the hand will be called potentially a little bit more if jerome powell today has a hawkish message. if the fed is concerned about inflation and wants to raise rates, that could potentially cause more capital flows into the u.s. away from japan leading to the yen to weaken to a point where the bank of japan has to pay attention, and that might be the worst risk case for some of the officials that might be whispering off the record to some people who are reporters. jonathan: potentially maybe at some point in the future again. those of you familiar with foreign-exchange, you know a 3% move in foreign-exchange is not the same as equities. that is a big move. counting down to the fed decision at 2:00 p.m. eastern time, the central bank expected to keep rates on hold for a fixed-rate meeting with investors looking for clues on the fed's rate cut timeline. pal saying the fed was not far from the level of confidence needed on inflation to ", but harder than expected inflation prints reinforcing the case of caution here going into this. this is what it is going to be abou
this is why i think the hand will be called potentially a little bit more if jerome powell today has a hawkish message. if the fed is concerned about inflation and wants to raise rates, that could potentially cause more capital flows into the u.s. away from japan leading to the yen to weaken to a point where the bank of japan has to pay attention, and that might be the worst risk case for some of the officials that might be whispering off the record to some people who are reporters. jonathan:...
0
0.0
Mar 6, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
powell comes out that the market loves. the one that wants to maximize welfare and likes the idea of keeping the market tight, as long as the markets allow them to do it. the market inflation expectation is still anchored. it is more likely that he was you towards two rather than three or four. it is more likely his insane nature. jonathan: you have touched on something very revealing. are you saying that he wants to make people happy? steve: the dual mandate demands welfare. it is maximizing social welfare. he takes that seriously. let's look at where we are. the labor market is tight. have a market way inflation expectations are low. why wouldn't you be happy? this is a bit of a victory lap for them. they are getting what they want. lisa: i feel like this is kabuki theater. why does no one care about this particular testimony? steve: we know that at the end of the day -- at that meeting, we are going to have economic projections. a lot of what comes out of this is believed to be old information. a few weeks from now, we w
powell comes out that the market loves. the one that wants to maximize welfare and likes the idea of keeping the market tight, as long as the markets allow them to do it. the market inflation expectation is still anchored. it is more likely that he was you towards two rather than three or four. it is more likely his insane nature. jonathan: you have touched on something very revealing. are you saying that he wants to make people happy? steve: the dual mandate demands welfare. it is maximizing...
0
0.0
Mar 1, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
annmarie: jerome powell is on the hill next week. what is the timeline for these rate cuts. he went out to 60 minute saying i think shoring up the american public in an election year why he had to go down this path. jonathan: you turn up and ultimately say the same thing you said in the last news conference may be you inject something new or fresh. but it's always the lawmaker making a clip to make a commercial to speak to his constituents or her constituents. i hated. it drives me nuts. practiced in the mirror. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. i think he's having a midlife crisis you've gi'm not.options than you know. you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that so
annmarie: jerome powell is on the hill next week. what is the timeline for these rate cuts. he went out to 60 minute saying i think shoring up the american public in an election year why he had to go down this path. jonathan: you turn up and ultimately say the same thing you said in the last news conference may be you inject something new or fresh. but it's always the lawmaker making a clip to make a commercial to speak to his constituents or her constituents. i hated. it drives me nuts....