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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 6, 2024
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. >>> fed sanctuary jerome powell is heading to capitol hill today for two days of semiannual testimony before congress. powell is expected to present his case particularly on why the central bank is in in in no rust cut inflation. thank you so much for the time then are you surprised at all but the market's pullback yesterday? >> not essentially surprised i think regarding equities in general we're quite optimistic at the moment. in the short to medium term, we're quite positive that's pointed by fundamentals across the board we have different moves by developed markets and equities in emerging markets. i think that's really because the rate cutting cycle is getting ahead in the emerging market, so that's really reaping the benefits there. >> and what does it mean then to see perhaps a slight fall-off in the rate outlook then across the more developed world we had initially seen the expectation of around six rate cuts around the united states. that's fallen off to three of course, the fed initially said that. but we're seeing that one could be enough this year. >> yes, so they're being
. >>> fed sanctuary jerome powell is heading to capitol hill today for two days of semiannual testimony before congress. powell is expected to present his case particularly on why the central bank is in in in no rust cut inflation. thank you so much for the time then are you surprised at all but the market's pullback yesterday? >> not essentially surprised i think regarding equities in general we're quite optimistic at the moment. in the short to medium term, we're quite positive...
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Mar 19, 2024
03/24
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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...
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Mar 4, 2024
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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...
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Mar 20, 2024
03/24
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the biases toward leaving things the same until they get more economic debt, jerome powell will speak at 2:30, he may forecast a bit of what is to come in the year ahead but right now the fed is suggesting, sandra, it wants a little more data before it figures out the way forward. >> sandra: indications from the fed in the statement are they are moving towards possibly three rate cuts this year, john, and that is interesting news break since we have not seen the target of 2% reached just yet so big questions in the fed briefing room when powell speaks, is 2% still the target? and if they are going to start cutting does not mean we are getting there? they say they are making good progress and they move it is the question so you see a green spike at the end of the chart there, that is after the fed announcement came out to leave fed rates unchanged but also indicating three cuts coming this year. one of the federal reserve officials indicated possibly more than three cuts this year but this was a unanimous decision to leave it unchanged at five and a quarter. this is a decent market rea
the biases toward leaving things the same until they get more economic debt, jerome powell will speak at 2:30, he may forecast a bit of what is to come in the year ahead but right now the fed is suggesting, sandra, it wants a little more data before it figures out the way forward. >> sandra: indications from the fed in the statement are they are moving towards possibly three rate cuts this year, john, and that is interesting news break since we have not seen the target of 2% reached just...
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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...
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Mar 4, 2024
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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...
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Mar 18, 2024
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powell but as he would not want to confirm or nominate again these are three good folks who would be good nominees for the federal reserve that would do the right things when it comes to look at inflation price stability should be the key thing that the federal reserve should look at and only have control over others would be john taylor from the hoover institution with the taylor rule we need rolls in place for the federal reserve not just a discussion of higher inflation throughout the economy somebody's going to put in place what americans can expect and what the federal reserve will do overtime. >> another factor for donald trump the wrath against jerome powell he did think that donald trump did not like he started raising interest rates earlier in the president came on him like a ton of brics but then criticized policy which is unprecedented at the time. does he want a yes man or woman in the office? >> i don't think so, i think the president will tell the federal reserve chairman whatever he wants but he want someone who's going to be out there looking at inflation and what hap
powell but as he would not want to confirm or nominate again these are three good folks who would be good nominees for the federal reserve that would do the right things when it comes to look at inflation price stability should be the key thing that the federal reserve should look at and only have control over others would be john taylor from the hoover institution with the taylor rule we need rolls in place for the federal reserve not just a discussion of higher inflation throughout the...
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Mar 20, 2024
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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....
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Mar 7, 2024
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let's stay with that theme, because the boss of the us central bank, jerome powell, has been giving his twice—yearly testimony before congress. financial markets are always on high alert for any hints about the path of interest rates. but mr powell was playing his cards close to his chest. erin delmore has the details in new york. fed chairjay powell sat squarely in the spotlight on capitol hill wednesday, previewing what's to come in the year ahead as fed officials contemplate when to cut interest rates and by how much. we believe that 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 some point this year. powell appeared before the house financial services committee, the first stop in his two day tour of capitol hill. and he pointed to considerable progress on the economy and said that while inflation remains above the fed's 2% target, it has been easing without significantly increasing unemployment. but while rate cuts are likely this year, he said that
let's stay with that theme, because the boss of the us central bank, jerome powell, has been giving his twice—yearly testimony before congress. financial markets are always on high alert for any hints about the path of interest rates. but mr powell was playing his cards close to his chest. erin delmore has the details in new york. fed chairjay powell sat squarely in the spotlight on capitol hill wednesday, previewing what's to come in the year ahead as fed officials contemplate when to cut...
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Mar 20, 2024
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but with the cost of service of spiking, jerome powell and his fellow holiday—makers might keep rates unchanged for a fifth time as they want more evidence inflation is returning to the 2% target. the risk is that the current economic strength won't last. ,, current economic strength won't last, ,, . ., ., , current economic strength won't last. ,, ., , ,, ., last. the us economy is strong, inflation coming _ last. the us economy is strong, inflation coming back— last. the us economy is strong, inflation coming back down - last. the us economy is strong, inflation coming back down to l inflation coming back down to the 2% target, but the longer they keep their foot pressed on they keep their foot pressed on the brakes, the more likely something goes wrong. for small businesses _ something goes wrong. for small businesses preparing _ something goes wrong. for small businesses preparing for - something goes wrong. for small businesses preparing for what - businesses preparing for what they hope will be another surge in demand, fed's first cut can't come soon enough. when it comes to v
but with the cost of service of spiking, jerome powell and his fellow holiday—makers might keep rates unchanged for a fifth time as they want more evidence inflation is returning to the 2% target. the risk is that the current economic strength won't last. ,, current economic strength won't last, ,, . ., ., , current economic strength won't last. ,, ., , ,, ., last. the us economy is strong, inflation coming _ last. the us economy is strong, inflation coming back— last. the us economy is...
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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 20, 2024
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but with the cost of services biking, jerome powell and his policymakers are looking to keep rates unchanged for a fifth straight time and they want more evidence that they want more evidence that they will return to their 2% target. the risk is the economy's current strength will not last. l115 economy's current strength will not last. ,, ., , economy's current strength will notlast. ,, ., , ,, ., not last. us economy is strong, inflation is _ not last. us economy is strong, inflation is coming _ not last. us economy is strong, inflation is coming back- not last. us economy is strong, inflation is coming back down i inflation is coming back down towards 2% but the longer they keep their foot pressed on the break, the more likely something will go wrong. for small businesses preparing for what they hope will be another surge in demand, the first cut cannot come soon enough. unilever says it will spin off its ice cream business and cut 7,500 jobs worldwide as part of an extensive three—year cost—saving plan. the maker of ben &jerry�*s, wall's and magnum brands says the move will save $8
but with the cost of services biking, jerome powell and his policymakers are looking to keep rates unchanged for a fifth straight time and they want more evidence that they want more evidence that they will return to their 2% target. the risk is the economy's current strength will not last. l115 economy's current strength will not last. ,, ., , economy's current strength will notlast. ,, ., , ,, ., not last. us economy is strong, inflation is _ not last. us economy is strong, inflation is...
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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 7, 2024
03/24
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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...
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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 20, 2024
03/24
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with the cost of services spiking, jerome powell and his fellow policymakers are likely to keep rates unchanged for a fixed—rate time, wanting more evidence that inflation is returning to the 2% target. the risk is that the current economic strength won't last. the us economy is strong, inflation coming down towards the 2% target, but the longer they keep their foot on the brakes, the more likely something goes wrong. for small businesses _ something goes wrong. for small businesses preparing _ something goes wrong. for small businesses preparing for - something goes wrong. for small businesses preparing for what - businesses preparing for what they hope will be another surge in demand, the fed's first cut can't come soon enough. after commissioning a record number of shows, and was finally doubling down on plans in india. at this event in mumbai, the big global bosses of amazon have announced shows across lots of genres and languages. india is swiftly becoming one of amazon's most important markets. we becoming one of amazon's most important markets.— important markets. we look a
with the cost of services spiking, jerome powell and his fellow policymakers are likely to keep rates unchanged for a fixed—rate time, wanting more evidence that inflation is returning to the 2% target. the risk is that the current economic strength won't last. the us economy is strong, inflation coming down towards the 2% target, but the longer they keep their foot on the brakes, the more likely something goes wrong. for small businesses _ something goes wrong. for small businesses preparing...
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Mar 20, 2024
03/24
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will be that jerome powell will be giving thatjerome powell will be giving later on to try to get that sense of when those cuts may start to happen. everyone is waiting for this next leg in the story when interest rates started coming down. i thought ou said started coming down. i thought you said that — started coming down. i thought you said that they _ started coming down. i thought you said that they would - started coming down. i thought you said that they would start l you said that they would start cutting rates today, nearly fell off my chair, maybe it was a glitch in the audio all my bad hearing. what expecting them to say what people looking out for in terms of the running commentary they give?- commentary they give? well, es, no commentary they give? well, yes. no cuts _ commentary they give? well, yes, no cuts today, _ commentary they give? well, yes, no cuts today, think - commentary they give? well, yes, no cuts today, think that is unlikely. i think when people are looking at the language they are going to want to try to understand whether the fed is getting ready to c
will be that jerome powell will be giving thatjerome powell will be giving later on to try to get that sense of when those cuts may start to happen. everyone is waiting for this next leg in the story when interest rates started coming down. i thought ou said started coming down. i thought you said that — started coming down. i thought you said that they _ started coming down. i thought you said that they would - started coming down. i thought you said that they would start l you said that...
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Mar 20, 2024
03/24
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but with the cost of services spiking jerome powell and his federal policy makers are likely to keep rates unchanged for a third straight time. they want more evidence that inflation is returning to 2% target. the risk is that the economies current strength won't last. economies current strength won't last-— economies current strength won't last. economies current strength won'tlast. ,, ., , , won't last. the us economy is stron: , won't last. the us economy is strong. and — won't last. the us economy is strong, and inflation - won't last. the us economy is strong, and inflation is - won't last. the us economy is| strong, and inflation is coming back down to the 2% target. but the longer they keep their foot pressed on their break the more likely something goes wrong. the small businesses preparing for what they hope will be another surge in demand, the feds first cut can't come soon enough. unilever says it will spin off its ice cream business and cut 7500 jobs worldwide as part of an extensive cost—saving programme. the maker of ben &jerry�*s, wall's and magnum brands says
but with the cost of services spiking jerome powell and his federal policy makers are likely to keep rates unchanged for a third straight time. they want more evidence that inflation is returning to 2% target. the risk is that the economies current strength won't last. economies current strength won't last-— economies current strength won't last. economies current strength won'tlast. ,, ., , , won't last. the us economy is stron: , won't last. the us economy is strong. and — won't last. the...
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Mar 16, 2024
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powell wants to do, to follow what paul volcker did. there are two interests at stake. lower interest rates. wall street wants that. they had virtually 0% interest rates for 10 years. it generates a lot of deals, generate a lot of income from making deals. on the other side of that, if inflation rises, it hits the middle class, it eats into their income, their wage increases. powell is trying to avoid that with interest rate increases and try to make sure inflation is under control. on behalf of all americans who are hurt and who know they are being hurt. paul: let me turn to another subject. president biden's statement that he opposes purchase of $14.1 billion starting with intervention. good decision? >> i spent a lot of time talking about economic rationale for that decision. this is a political decision, riskier than the president is acknowledging. this is throwing out crumbs, but if they kill this deal and the cleveland cliff, the us competitor that wants to purchase u.s. steel is next in line as a suitor you have people talking ab
powell wants to do, to follow what paul volcker did. there are two interests at stake. lower interest rates. wall street wants that. they had virtually 0% interest rates for 10 years. it generates a lot of deals, generate a lot of income from making deals. on the other side of that, if inflation rises, it hits the middle class, it eats into their income, their wage increases. powell is trying to avoid that with interest rate increases and try to make sure inflation is under control. on behalf...
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Mar 21, 2024
03/24
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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 7, 2024
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jerome powell began two days of testimony on capitol hill. he is presenting the semiannual monetary policy with a central bank with lawmakers eagle—eyed for clues about interest rates. fed chairjerome powell sat firmly in the spotlight on capitol hill on wednesday previewing what is to come in the year ahead as fed officials contemplate when to cut interest rates and by how much. we believe that our policy rate is likely at its peak for this cycle. if the economy evolves broadly as expected, it will likely be appropriate to begin dialling back policy restraint at some point this year. powell appeared before the house financial services committee, the first stop on his two—day tour of capitol hill, and he pointed to considerable progress on the economy and said that while inflation remains above the fed's 2% target, it has been easing without significantly increasing unemployment. but while rate cuts are likely this year, he said that the fed is looking for more evidence that inflation is falling sustainably back down to the fed's target a
jerome powell began two days of testimony on capitol hill. he is presenting the semiannual monetary policy with a central bank with lawmakers eagle—eyed for clues about interest rates. fed chairjerome powell sat firmly in the spotlight on capitol hill on wednesday previewing what is to come in the year ahead as fed officials contemplate when to cut interest rates and by how much. we believe that our policy rate is likely at its peak for this cycle. if the economy evolves broadly as expected,...
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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 6, 2024
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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...
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Mar 8, 2024
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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...
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Mar 6, 2024
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andn c-span3, federal reserve chairman jerome powell testifies on monetary policy and the state of the u.s. economy before the house fincl services committee. thats 10:00 a.m. eastern. you can watch ourivcoverage on the free c-span now video app or online at c-span.org. >> on wednesday, deral rese tess on the federal reserve's monetary policy. see the finanal services committee live at 10:00 a.m. eastern on c-span3, c-span now, or online at c-span.org. ♪ >> as president biden prepares for his state of the union address, c-span encourages you to engage and express your opinion. we want to know which issue is most iortant to you as the president's state of the union address approaches. >> i am from new jersey and one of the most important issues for me that i' touch upon is the sentinel crisis and -- the fentanyl crisis and how to dea with that, and also the large mental health crisis going on in this nation and what we can do to address those problems. >> i am a postdoc fellow at john hopkins university. i do research in history and social theory. i think the most important issue i wo
andn c-span3, federal reserve chairman jerome powell testifies on monetary policy and the state of the u.s. economy before the house fincl services committee. thats 10:00 a.m. eastern. you can watch ourivcoverage on the free c-span now video app or online at c-span.org. >> on wednesday, deral rese tess on the federal reserve's monetary policy. see the finanal services committee live at 10:00 a.m. eastern on c-span3, c-span now, or online at c-span.org. ♪ >> as president biden...
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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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Mar 12, 2024
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>> i don't want to be jerome powell with these numbers. they're not good enough to change direction in terms of policy. so if you looked at what he said, he said we've got some work to do. these numbers have to come down. the problem with inflation, martha, is it spiked way up to nine, come back down to 3 or 4 range and it sitting there. if it sits there like that, we're still two times where we should be. if we're at that level, you can't cut rates yet. that's what the politicians want. powell doesn't have an economic reason to do it so if we start to see rate cuts mid year and we still have numbers like this, it start to looks like politics to me, not economics. >> martha: one of the issues that we keep hearing about programs, we heard about them in the state of the union, to give people more money. to relieve student debt. more proms that give people money. so that doesn't help the inflation picture. >> not at all. >> that's why we're stalling out at this high level. the fed -- >> martha: yeah, throwing money at everybody. >> i think if
>> i don't want to be jerome powell with these numbers. they're not good enough to change direction in terms of policy. so if you looked at what he said, he said we've got some work to do. these numbers have to come down. the problem with inflation, martha, is it spiked way up to nine, come back down to 3 or 4 range and it sitting there. if it sits there like that, we're still two times where we should be. if we're at that level, you can't cut rates yet. that's what the politicians want....
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Mar 6, 2024
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fed chair jerome powell reiterating that the central bank is not ready to cut rates just yet. we'll get more on that in a few minutes. we start off with a last minute lifeline for new york community bank corps. shares were down as much as 42% today before the regional lender announced it had secured a billion dollar investment, led by the firm of stephen mnuchin. shares managed to close a day higher, 7 1/2%. that is less than 25 cents higher. for the latest details, leslie picker who joins us on set. what a roller coaster day told. >> it was a fascinating turn of events for this company. new york community bank corps, ink a deal. those investors buying common and convertible preferred stock $2 per share. investors will get a 60% warrant coverage to buy more stock with an exercised price of $2.50. a bit of background on how this came together according to people familiar with the matter. secretary mnuchin had been involved here, with nycb for a while now. jeffries approached a select group of other investors with the prospect of a capital raise on sunday. they were told a lead
fed chair jerome powell reiterating that the central bank is not ready to cut rates just yet. we'll get more on that in a few minutes. we start off with a last minute lifeline for new york community bank corps. shares were down as much as 42% today before the regional lender announced it had secured a billion dollar investment, led by the firm of stephen mnuchin. shares managed to close a day higher, 7 1/2%. that is less than 25 cents higher. for the latest details, leslie picker who joins us...
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Mar 15, 2024
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he was basically saying, come on, boys and girls -- >> and,s by the way, when we covered jerome powell in that hearing this week, let's see is, 7 times in his 5-minute opening remarks he insisted that -- and very strongly signaled to this market that the 2% inflation target is not going anywhere. so, i mean, look -- larry: that's good. >> we had this -- larry: he's manning up. he's manning up. he's discovered his big boy pants. >> we'll see. >> robert wolf was on with steve moore if on "america reports" this week and he said, no -- >> should go to 3%. >> time to go with the 3. larry: you see that though, you take $1,000 and run it out 20 years at a 3% inflation, you basically lose almost half of your munch that's no bargain. and i think that's an interesting point. whatever happened to price stability? >> right. first of all, what they want to do is what i call dumbing down the test. larry: yes. >> can't get to 2 so is 3 is the target. i'm comfortable with 2% because you don't want to have deflation, so you've got a little cushion there. because the worst thing is actually deflation. b
he was basically saying, come on, boys and girls -- >> and,s by the way, when we covered jerome powell in that hearing this week, let's see is, 7 times in his 5-minute opening remarks he insisted that -- and very strongly signaled to this market that the 2% inflation target is not going anywhere. so, i mean, look -- larry: that's good. >> we had this -- larry: he's manning up. he's manning up. he's discovered his big boy pants. >> we'll see. >> robert wolf was on with...
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Mar 8, 2024
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powell finished two days of testimony on capitol hill reaffirming interest rate cuts are coming this year. the dow climbed 130 points. the nasdaq soared by 241 points. and the s&p 500 gained 52 to hit a record high. >>> out of an abundance of caution sargento cheese is recalling products sold in 15 states due to concerns of potential contamination. the cheese comes from the california dairy company or rizzo lopez foods that was involved in a listeria outbreak earlier this year. it sent nearly two dozen people to the hospital. >>> the discount grocery store chain aldi has plans to add 800 new stores across the u.s. over the next five years. the expansion looks to capitalize on cost-conscious americans feeling the pinch at grocery stores. the german-owned chain plans to open hundreds of stores in the northeast and midwest while converting many existing wynn dixies and harvey's supermarkets in the south into aldis. >>> "forbes" has released its list of highest paid action torts last year and adam sandler tops the list with $73 million thanks to his movie-making production company happy
powell finished two days of testimony on capitol hill reaffirming interest rate cuts are coming this year. the dow climbed 130 points. the nasdaq soared by 241 points. and the s&p 500 gained 52 to hit a record high. >>> out of an abundance of caution sargento cheese is recalling products sold in 15 states due to concerns of potential contamination. the cheese comes from the california dairy company or rizzo lopez foods that was involved in a listeria outbreak earlier this year. it...
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Mar 20, 2024
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powell, gives about the way ahead. that's where it is right now. inflation — the rate at which prices are rising — is at 3.2% after rising last month, and is proving rather stubborn to get back to the 2% target. and that's of course a challenge faced by other countries. in the uk we heard a few hours ago that inflation fell to 3.4%, the lowest in two and a half years, but also above a 2% target. and that comes ahead of the bank of england's interest rate decision on thursday. what could happen next? i've been speaking to the former us federal reserve economist claudia sahm and i asked her if we were expecting any change to the widely held view that the us central bank will cut interest rates three times this year. that's absolutely in play and again, as you said, it is the guidance the federal reserve are giving about what they are likely to do or what individual members of them think we are likely to do and yet the federal funds rate is not changing today. the borrowing rate for consumers and businesses absolutely
powell, gives about the way ahead. that's where it is right now. inflation — the rate at which prices are rising — is at 3.2% after rising last month, and is proving rather stubborn to get back to the 2% target. and that's of course a challenge faced by other countries. in the uk we heard a few hours ago that inflation fell to 3.4%, the lowest in two and a half years, but also above a 2% target. and that comes ahead of the bank of england's interest rate decision on thursday. what could...
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Mar 28, 2024
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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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Mar 6, 2024
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jerome powell will be on capitol hill and lawmakers demanding answers about inflation. >> carley: cheryl casone has more. >> cheryl: good morning. that is right, powell is heading to capitol hill to give insight what the fed plan is on interest rates. it may rock the markets, coming off historic highs. brand new fox poll shows it is the economy, it is the biggest worry this election cycle ahead of immigrant, abortion and healthcare. 73% say it is fair or poor, slight improvement from december. stock market pchlsz could be a piece of that as 401(k)s show gains. 58% say biden has not helped the working class, 61% say he's failed on the economy. and there are high prices on gas, food and consumer products and president biden targeting corporations again saying it there fault citing shrink-flattion, which cookie monster posted about. administration creating task force for things on cereal, cracker and said cookies. >> todd: somebody talked to cookie monster about his grammar? >> carley: you read that tweet well. >> todd: former governor andrew cuomo facing fresh scrutiny for how he handled c
jerome powell will be on capitol hill and lawmakers demanding answers about inflation. >> carley: cheryl casone has more. >> cheryl: good morning. that is right, powell is heading to capitol hill to give insight what the fed plan is on interest rates. it may rock the markets, coming off historic highs. brand new fox poll shows it is the economy, it is the biggest worry this election cycle ahead of immigrant, abortion and healthcare. 73% say it is fair or poor, slight improvement...
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Mar 13, 2024
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and you think it kind of gives jerome powell at the federal reserve some sort of credit to say, no, we need to wait and see. there was pressure to start cutting rates in march, at the beginning of the year. she make itjustifies the federal reserve's resistance to calls for a rate cut in march oras calls for a rate cut in march or as soon as possible. == or as soon as possible. -- absolutely _ or as soon as possible. -- absolutely it _ or as soon as possible. » absolutely itjustifies or as soon as possible. » absolutely it justifies the federal reserve's. they said it won't come down as quickly as possible and we need to be cautious and to be really sure because we don't want to start inflation again, so absolutely justifying the fed's stands. they shrugs off and it didn't speak markets. is that because what is really feeling markets at the moment is companies like nvidia add anything to do with al and technology and not about ai and technology and not about the overall health of the us economy?— the overall health of the us econom ? . ., , ., ., economy? -- and anything to do. to a
and you think it kind of gives jerome powell at the federal reserve some sort of credit to say, no, we need to wait and see. there was pressure to start cutting rates in march, at the beginning of the year. she make itjustifies the federal reserve's resistance to calls for a rate cut in march oras calls for a rate cut in march or as soon as possible. == or as soon as possible. -- absolutely _ or as soon as possible. -- absolutely it _ or as soon as possible. » absolutely itjustifies or as soon...
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Mar 13, 2024
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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....
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Mar 14, 2024
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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...
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Mar 7, 2024
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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...
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Mar 20, 2024
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since jerome powell started hiking interest rates. $500 billion liabilities add to interest rates on average people out there. in the meantime, wealthy people have made an extra $300 billion a year. they own the bonds. they own the instruments that actually go up. so she is not saying please, please, fed, lower rates for the people because the people don't matter. they do not care about people. the progressive ideology puts the climate things, this whole climate agenda before people, all people. they will use people as a front from time to time. what she really wants is to push this climate agenda because part of the climate agenda is fewer human beings at the end of the day. the bottom line, the bottom line right now it's ironic to see senators bullying the federal reserve chair and right in front of everyone her and sanders it's not even for the average person. she is not saying the average person is being crushed under these policies. by the way we haven't gotten to why the fed, they don't deliberately say we want to crush the average person. what they are saying democrats and pro
since jerome powell started hiking interest rates. $500 billion liabilities add to interest rates on average people out there. in the meantime, wealthy people have made an extra $300 billion a year. they own the bonds. they own the instruments that actually go up. so she is not saying please, please, fed, lower rates for the people because the people don't matter. they do not care about people. the progressive ideology puts the climate things, this whole climate agenda before people, all...
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Mar 7, 2024
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let's look at the united states first we heard from jerome powell earlier, you can see the nasdaq index, the tech weighted index, up. the price of oil coming off a bit. so that is all for me. so much analysis of the budget online. chris mason our political editor taking a look at what it means for the chancellor, for the prime minister, for the governing conservative party, but of course budget, key points at a glance, what are the key points in that budget and what do they mean for you? you can read all about it on our website. see you soon. hello, there. over the next few days, the winds going to be picking up from the east or southeast. it's going to be particularly windy on friday. we'll have more of the cloud affecting eastern parts of the country. i think some western areas will see most of the sunshine. that's because high pressure over scandinavia will be pushing westwards against this low—pressure system, so we'll start to see the isobars squeezing together. so for thursday, it's a bright start across northern and western areas. quite a chilly start, mind you — early mist a
let's look at the united states first we heard from jerome powell earlier, you can see the nasdaq index, the tech weighted index, up. the price of oil coming off a bit. so that is all for me. so much analysis of the budget online. chris mason our political editor taking a look at what it means for the chancellor, for the prime minister, for the governing conservative party, but of course budget, key points at a glance, what are the key points in that budget and what do they mean for you? you...
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Mar 5, 2024
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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...
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Mar 6, 2024
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powell testified on monetary policy and the state of the u.s. economy. watch the house financial services committee hearing tonight at 9:00 eastern on c-span. c-span now, our free phoebld video app, or online at c-span.org. >> a healthy democrat steu doesn't just look like -- democracy doesn't just look like this, it looks where americans can see democracy at work. when citizens are truly informed, our republic thrives. germed straight from the source. on c-span. unfiltered, unbiased, word for word. from the nation's capital to wherever you are. because the opinion that matters the most is your own. this is what democracy looks like. c-span, powered by cable. >> as president biden prepares for his state of the union address, c-span encourages you to opinions. we want to know which issue is most important to you as the president's state of the union address approaches >> my name is julia from vermont. during the 2001 i would love to hear the president address our unity as a country. i think it's very important topichat spans multiple issues. in a
powell testified on monetary policy and the state of the u.s. economy. watch the house financial services committee hearing tonight at 9:00 eastern on c-span. c-span now, our free phoebld video app, or online at c-span.org. >> a healthy democrat steu doesn't just look like -- democracy doesn't just look like this, it looks where americans can see democracy at work. when citizens are truly informed, our republic thrives. germed straight from the source. on c-span. unfiltered, unbiased,...
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Mar 22, 2024
03/24
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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 7, 2024
03/24
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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:...
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Mar 25, 2024
03/24
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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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Mar 28, 2024
03/24
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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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Mar 6, 2024
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federal reserve chairman jerome powell says he still believes there will be a cut in the key interest rate this year. that sent stocks up today. the dow gained 76, the s&p 500 finished ahead 26. the nasdaq rose 92. ♪ tonight a former software engineer at google is being accused of stealing artificial intelligence technology while secretly working with two companies based in china. the justice department says the chinese national was arrested in newark, california. he faces four counts of federal trade secret theft. which is punishable by up to 10 years in prison >> bret: there is renewed bipartisan attention tonight to the perceived threat posed by the social media site tiktok. there are concerns about his -- its chinese ownership and what that could mean for u.s. national security. senior congressional correspondent chad pergram is up on capitol hill tonight with the latest on that. good evening, chad. >> bret, good evening. tiktok boom. a bipartisan breakthrough, a bill curbing tiktok from reaching americans unless the platform secretary of state ties with the chinese government.
federal reserve chairman jerome powell says he still believes there will be a cut in the key interest rate this year. that sent stocks up today. the dow gained 76, the s&p 500 finished ahead 26. the nasdaq rose 92. ♪ tonight a former software engineer at google is being accused of stealing artificial intelligence technology while secretly working with two companies based in china. the justice department says the chinese national was arrested in newark, california. he faces four counts of...
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Mar 5, 2024
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this comes ahead of fed chair jerome powell's testimony before congress which starts tomorrow. let's get to steve liesman with what to expect. what kind of powell are we going to hear from tomorrow, steve? >> i think, melissa, the thing to listen for is, it's going to break it down into three different categories here, or three different areas. the political side, the regulatory side, and the economic side. politically, expect republicans to coax powell into being more cautious or concerned with inflation. democrats might argue oreso the case for cuts. futures markets going into this testimony with little chance for a rate cut until june. financial regulation might be a hot button issue, with plenty of criticism from republican side and even some democrats about plans to require banks to hold more capital. i expect a bit of that back and forth tomorrow. economically, that's where it gets interesting. powell will be sure to note that inflation progress, but insists there's no victory yet. he'll extol the good economic growth and employment numbers, but say risks are nearly balan
this comes ahead of fed chair jerome powell's testimony before congress which starts tomorrow. let's get to steve liesman with what to expect. what kind of powell are we going to hear from tomorrow, steve? >> i think, melissa, the thing to listen for is, it's going to break it down into three different categories here, or three different areas. the political side, the regulatory side, and the economic side. politically, expect republicans to coax powell into being more cautious or...
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Mar 27, 2024
03/24
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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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Mar 20, 2024
03/24
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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...