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joe, back to you. >>> atlanta fed president raphael bostic. a few minutes ago the march ad private payroll report showed 180,000 jobs created last month. joining us to talk about this, the fed and more steve liesman who has has a special guest. >> becky, very special guest. raphael bostic joins us from inside the atlanta fed. good morning, president bostic. can you hear me? president bostic, i don't know if he can hear me. looks like he's frozen. we're going to -- what we're going to do take a very quick break. technical problems with this and fix it, bring him back, perhaps on the phone and we'll talk to raphael bostic on the other side of this break. . go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold t
joe, back to you. >>> atlanta fed president raphael bostic. a few minutes ago the march ad private payroll report showed 180,000 jobs created last month. joining us to talk about this, the fed and more steve liesman who has has a special guest. >> becky, very special guest. raphael bostic joins us from inside the atlanta fed. good morning, president bostic. can you hear me? president bostic, i don't know if he can hear me. looks like he's frozen. we're going to -- what we're...
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one of the fmoc's hawkish members, atlanta fed president raphael bostic said he now expects a singleate cut this year. >> if the economy evolving as i expect and it will be continued gdp robustness and employment and slow decline of inflation through the year, it will be appropriate for us to move down at the end of the year in the fourth quarter. >> i want to take you to the market action this morning. equities have been trading for about an hour. at this stage, the narrative seems to be where do we go from here? how do we price in all of the comments from the central bankers and more particularly, whether we will see the fed announcing significant rate cuts. just to give you an idea, we started the idea with the markets expecting six rate cuts from the fed. at this point, the expectations are about three rate cuts. with that in mind, i want to show you it is basically a flat move so far in the stoxx 600. investors trying to understand where they go from here. we have the stoxx 600 up by .10%. i want to show you the spread at this stage so we understand the dynamics across the marke
one of the fmoc's hawkish members, atlanta fed president raphael bostic said he now expects a singleate cut this year. >> if the economy evolving as i expect and it will be continued gdp robustness and employment and slow decline of inflation through the year, it will be appropriate for us to move down at the end of the year in the fourth quarter. >> i want to take you to the market action this morning. equities have been trading for about an hour. at this stage, the narrative seems...
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Apr 10, 2024
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. >>> atlanta fed president and fomc voting member raphael bostic is reiterating his call for just onenterest rate cut this year, adding he's open to changing his view should the economic picture change as well. bostic says the enduring strength of the u.s. economy and labor market are just two reasons why less easing may be appropriate. and when asked about the possibility of no rate cut at all this year, bostic tells yahoo! quote, i do think the risks are balanced and given that the u.s. economy has been so robust, i can't take off the possibility that the rate cuts may even have to move further out. >> we'll have a read on inflation later out today. >> yes. >> silvana, thank you very much. >> yes. >>> bostic comments coming as we await march's cpi report. economists are expecting the headline figure to come in at 3.4% year over year, just slightly hotter than a month ago, and for core prices to cool just a bit to 3.7% year over year. according to the evaluations, the numbers, they are not likely falling any time soon. >> looking at the bond market, which, to me, is the best indicato
. >>> atlanta fed president and fomc voting member raphael bostic is reiterating his call for just onenterest rate cut this year, adding he's open to changing his view should the economic picture change as well. bostic says the enduring strength of the u.s. economy and labor market are just two reasons why less easing may be appropriate. and when asked about the possibility of no rate cut at all this year, bostic tells yahoo! quote, i do think the risks are balanced and given that the...
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>> you are going to have the people like raphael bostic talking that way.on had not continued to go down as they were expecting. now this cpi seems worrisome because it continues the trend of the past two months. there was a thaw that january was an outlier, maybe february was an outlier, but now you have three months and i think people will start to say that's a trend. >> which raises the question of how much will we start to move toward the raphael bostic of the world and the neel kashkari view of just cutting once this year and having the message be we might go before the election season but don't expect us to move again. >> that's going to be a tricky thing for them to pull off because it gives too much of a timing to it. they do not want to bring the election into it. i don't think anyone will change their public view on how many cuts this year or go to none between now and may 1 because it's coming up quickly and we will get more reports before the june meeting, but they might start dialing back this number and markets are certainly going to start pri
>> you are going to have the people like raphael bostic talking that way.on had not continued to go down as they were expecting. now this cpi seems worrisome because it continues the trend of the past two months. there was a thaw that january was an outlier, maybe february was an outlier, but now you have three months and i think people will start to say that's a trend. >> which raises the question of how much will we start to move toward the raphael bostic of the world and the neel...
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Apr 20, 2024
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raphael bostic, the president of the atlanta branch, says the economy and jobs market are "much strongerthe booming economy and blame for stubborn inflation are both being aimed atjoe biden and one of his flagship policies: bidenomics, the spending of hundreds of billions of dollars to transform american industry. how that program plays out could make or break mr biden's re—election campaign. 0ur economics editor faisal islam reports from the state of georgia. here in georgia, the landscape is changing — the southern bible belt of america reborn as the battery belt, as the usa throws money at out—competing china in manufacturing a variety of electric cars. and where some of these vehicles are going, they won't need roads. so we're building an all—electric vertical take—off aircraft, which is basically a flying car. this flying car will hold four passengers, plus a pilot. mass produced here? mass produced here, in the hundreds to thousands of flying cars per year. we're going to be getting up to thousands ofjobs. the speed and the scale of america's green industrial rebirth is staggering.
raphael bostic, the president of the atlanta branch, says the economy and jobs market are "much strongerthe booming economy and blame for stubborn inflation are both being aimed atjoe biden and one of his flagship policies: bidenomics, the spending of hundreds of billions of dollars to transform american industry. how that program plays out could make or break mr biden's re—election campaign. 0ur economics editor faisal islam reports from the state of georgia. here in georgia, the...
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>> raphael bostic is an outlier.know there are few fed officials who have taken that in the dot plot. bostic has his logic for that. that is not the governing logic in the fed. in terms of the right base case is they are cutting in june. it is not 90%. i put it two-thirds probability right now. based on my read of the data and my read of what they're saying, powell is saying as you stated, the strong growth jobs and inflation print for january and february has not materially changed the picture. that was the key take away from the stanford speech. it is reasonable to say that as saying as of now june for three is still on track. doesn't mean it is a slam dunk. it's on track. when you look at the economic analysis behind that stanford set of remarks, powell kept coming back to the strength on the supply side. lots of workers available. increasing the potential output for the u.s. economy. it is because of the supply side analysis which is a theme of our work at evercore isi, that we are key in the economics of disinfl
>> raphael bostic is an outlier.know there are few fed officials who have taken that in the dot plot. bostic has his logic for that. that is not the governing logic in the fed. in terms of the right base case is they are cutting in june. it is not 90%. i put it two-thirds probability right now. based on my read of the data and my read of what they're saying, powell is saying as you stated, the strong growth jobs and inflation print for january and february has not materially changed the...
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. >>> raphael bostic will be coming up on "squawk box" at 8:30 a.m.rn time. >>> and as markets continue to face fresh turbulence, a pair of interviews you won't want to miss when steve cohen joins "squawk box" at 8:15 as well. we'll hear from green-light capital founder david einhorn at 2:00 2:15 p.m. >>> let's get a check on futures. the dow is implied lower by 55. the s&p down by about 9, and the nasdaq off by 50. >>> our own jim cramer is telling investors not to worry. he made those comments last night on "mad money." >> don't forget the company was over bought. it was overbought this evening. the movement might not be over. bottom line, all you can do is patiently hunker down and wait for lower prices. somehow, i think we'll get them. >>> from one philly guy to another, let's bring in jay woods from freedom capital markets. you heard jim's comments. he's not the only one out there saying it. he's saying, yes, things can be intact from medium to longer term but still have volatility. the problem is, jay, we haven't seen it since like november, rea
. >>> raphael bostic will be coming up on "squawk box" at 8:30 a.m.rn time. >>> and as markets continue to face fresh turbulence, a pair of interviews you won't want to miss when steve cohen joins "squawk box" at 8:15 as well. we'll hear from green-light capital founder david einhorn at 2:00 2:15 p.m. >>> let's get a check on futures. the dow is implied lower by 55. the s&p down by about 9, and the nasdaq off by 50. >>> our own jim...
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Apr 18, 2024
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we heard from raphael bostic and neel kashkari come about saying no chance of a rate cut any time soon. there's also the question of whether they should be raised instead. that's something we heard from new york fed president john williams about. take a listen. >> my expectation is that interest rates are in a good place and at some point we would want to lower interest rates as the economy gets to the 2% inflation we are headed towards if the data are telling us we weeding higher interest rates to achieve our goals, we would obviously want to do that. it is not my base case. haidi: the managing partner joins us from our washington dc studio. christopher, great to have you with us. do you think we are seeing a marketing position at a point where we are taking seriously some of the concerns from fed officials and those that think this final leg of the cycle when it comes to fighting inflation is going to be the trickiest part? >> i think that's right. i'm here at the imf spring meetings and the consensus correlated with 10-year yield's, as those rise there is a real sense that inflation
we heard from raphael bostic and neel kashkari come about saying no chance of a rate cut any time soon. there's also the question of whether they should be raised instead. that's something we heard from new york fed president john williams about. take a listen. >> my expectation is that interest rates are in a good place and at some point we would want to lower interest rates as the economy gets to the 2% inflation we are headed towards if the data are telling us we weeding higher...
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. >>> we're going to hear exclusively from the atlanta fed president raphael bostic coming it later ont 2:30 cte. we'll be back. >>> at least half of adults globally are stressed about their personal finances with more citing inflation as the source of their stress than any other factor. that's according to cnbc's international your money financial security conducted by surveymonkey. a majority of adults in every country reported living paycheck to paycheck and also citing a look of savings as a cause of stress. i spoke to the surveymonkey ceo and asked about the contradiction between the strong economic data and people's concerns about their financial situation. >> we were surprised. like you said, a majority of people we polled said they were stressed about their finances with improving economy. i think you had three big factors that drove that. one of which is inflation. people feel it at the store. they feel it when they're filling their cars. the second of which is debt levels, and you see it in certain countries where people are holding debt, and that causes debt for their person
. >>> we're going to hear exclusively from the atlanta fed president raphael bostic coming it later ont 2:30 cte. we'll be back. >>> at least half of adults globally are stressed about their personal finances with more citing inflation as the source of their stress than any other factor. that's according to cnbc's international your money financial security conducted by surveymonkey. a majority of adults in every country reported living paycheck to paycheck and also citing a...
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earlier in the week, we had raphael bostic saying that perhaps one rate cut this year.i saying perhaps no rate cuts. surely you have to take this seriously? >> you do. you tend to follow and focus on the fed officials. m mester came out as dovish. i think the rate cuts, when you get too close to the election, that is another factor that has to be baked in. i think june/july, they will be. the issue is the real rates which are con s are con sstrict. pce is at 2.8%. it has been coming down. the last six months, 2.3% annualized. it is coming in. i do think that july or june time. maybe the ecb. they are inter related a bit. that is whatt the fed should be focused on. they will lower it two or three times. >> the minutes we got from the ecb suggested that they are definitely moving toward the potential rate cut in june. the chances of seeing that next week have dissipated further. they are thinking about the june timeline. assuming that is the case and assuming you are expecting that first rate cut from the fed around the same time, what do you think the fed needs to see be
earlier in the week, we had raphael bostic saying that perhaps one rate cut this year.i saying perhaps no rate cuts. surely you have to take this seriously? >> you do. you tend to follow and focus on the fed officials. m mester came out as dovish. i think the rate cuts, when you get too close to the election, that is another factor that has to be baked in. i think june/july, they will be. the issue is the real rates which are con s are con sstrict. pce is at 2.8%. it has been coming down....
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i'll have a chance to talk about this tomorrow with raphael bostic, atlantic fed president. >> i know mon your daley's fireside chat. let's get to our guests now. peter, what is your reaction to what we have heard so far and what do you expect to hear from mayor daley? >> daley's important, because she's also a voting member. and there's one thing about powell is he likes consensus. so now we have heard from bostic, we've heard from waller. i'm assuming bowman is a hawk. powell spoke. so i find it hard to believe that daley will deviate that much from what they have said. june's far off. so there's no reason to commit right now to what you want to do in june. so i think she'll remain very non-committal with respect to her commentary. >> victoria, let me ask you something. we haven't discussed, what if rate cuts aren't all that important, do stocks benefit more from a healthy economy than they do looser policy? is that being forgotten in today's trade? >> a little bit, yeah. we're going to get earnings, jpmorgan kicks off next week, and if the focus is on earnings and we have solid eco
i'll have a chance to talk about this tomorrow with raphael bostic, atlantic fed president. >> i know mon your daley's fireside chat. let's get to our guests now. peter, what is your reaction to what we have heard so far and what do you expect to hear from mayor daley? >> daley's important, because she's also a voting member. and there's one thing about powell is he likes consensus. so now we have heard from bostic, we've heard from waller. i'm assuming bowman is a hawk. powell...
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talked to raphael bostic, the fed president. >> you feel the bar is increasingly growing higher for june? >> yes. i think that's right. i think it is higher. my real concern right now is whether or not, given what y'all have been talking about, the higher commodity prices, higher oil prices, whether or not that feeds into two things. one is inflation expectations and the other is the march inflation data that we get in april that will maybe set the count back again. everybody says waller said a couple months, mester says she needs a few more months of data. if you get that constant data that doesn't show the improvement, we have to start counting again. so that's why june would be in play or not necessarily a slam dunk for that rate cut because i don't expect or i'm not confident we're going to get more progress in march. >> steve, i appreciate it, as always. steve liesman, our senior economics reporter. jim, i hear we don't need rate cuts. the economy is great. that trumps rate cuts. jpmorgan says the bull market can continue without them. wolfe research a good chance of zero rate cuts.
talked to raphael bostic, the fed president. >> you feel the bar is increasingly growing higher for june? >> yes. i think that's right. i think it is higher. my real concern right now is whether or not, given what y'all have been talking about, the higher commodity prices, higher oil prices, whether or not that feeds into two things. one is inflation expectations and the other is the march inflation data that we get in april that will maybe set the count back again. everybody says...
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Apr 3, 2024
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earlier today raphael bostic reiterated expectation for just one rate cut this year. look how dramatically the market has changed since january. when the expectation was more than six cuts. now it is moved to less than three. sitting on a coin toss for summer rate cuts in and of itself. the market is diverging from the feds dot plot on how many we make it. as we await chair powell today that t. rowe price cio says the biggest risk for the fed is cutting interest rates too soon. >> putting for an economic perspective does not make sense right now. go back to what chair powell said early on. he was a student of the 70's. the mistake then was cut into early. if you map the cpi to the beginning of this cycle versus the last it follows a similar curve. if they cut now they are in danger of making the same mistakes. sonali: now we will bring in a roundtable. bloomberg's in the koran, nationwide -- enda curran, kathy bostjancic and omar aguilar. enda, expectations for what the fed chair might say today? enda: the key question is will we get a new message? he has made clear t
earlier today raphael bostic reiterated expectation for just one rate cut this year. look how dramatically the market has changed since january. when the expectation was more than six cuts. now it is moved to less than three. sitting on a coin toss for summer rate cuts in and of itself. the market is diverging from the feds dot plot on how many we make it. as we await chair powell today that t. rowe price cio says the biggest risk for the fed is cutting interest rates too soon. >> putting...
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annmarie: i'm more interested to hear what raphael bostic says. he had said he was 3, 1.es to rate cuts this year? how much is what he's talking about going to influence other members? jon: did a brilliant job exposing that bias. they talk about being data-dependent but any data not in line with their thoughts they call bumps in the road. lisa: how can you be data-dependent when one analyst company says the data we will get today is deeply unreliable? jon: but you are relying on it to explain you are sufficiently restrictive. lisa: we are depending on that data. jon: elon musk deepening his feud with bob iger as the ceo appears poised to lose a proxy battle with the company, weighing in hours before a shareholder meeting, musk has repeatedly criticized iger after disney pulled the advertising from x. shares higher by something like 35%. the latest reporting from reuters overnight, disney has secured enough shareholder votes to fend off a challenge. that according to reuters. lisa: with the backing of jamie dimon. there are two stories. there's the disney story and the elo
annmarie: i'm more interested to hear what raphael bostic says. he had said he was 3, 1.es to rate cuts this year? how much is what he's talking about going to influence other members? jon: did a brilliant job exposing that bias. they talk about being data-dependent but any data not in line with their thoughts they call bumps in the road. lisa: how can you be data-dependent when one analyst company says the data we will get today is deeply unreliable? jon: but you are relying on it to explain...
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lisa: do raphael bostic and yell kashkari -- jonathan: our friends -- lisa: have lunch together? muttering why aren't they seeing what we are's seeing? how much to other people realize this isn't necessarily all that restricted still see this kind of roof? jonathan: does the message change from chairman powell? lisa: i think it will change tomorrow considering the fact that he didn't change at the end of last week. it doesn't really matter. i honestly don't know if you are looking for data, what data supports the idea of praising hegel to the highest since 2022 and higher manufacturing data in the commodities face? i keep going back to that, isn't this the gut check that this is something broader? annmarie: it felt like chairman palpitate flute it may be sent on friday. now it is a little bit more interesting, potentially hearing him after factory, after prices paid and what we are seeing in terms of geopolitical risk. does he have to say anything about this? jonathan: way more fed officials for the week. you're not going to get tired of fed speak this week, that is for sure. wan
lisa: do raphael bostic and yell kashkari -- jonathan: our friends -- lisa: have lunch together? muttering why aren't they seeing what we are's seeing? how much to other people realize this isn't necessarily all that restricted still see this kind of roof? jonathan: does the message change from chairman powell? lisa: i think it will change tomorrow considering the fact that he didn't change at the end of last week. it doesn't really matter. i honestly don't know if you are looking for data,...
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Apr 19, 2024
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here's raphael bostic atlanta fed president, for me that's okay, i'm not in a mad dash hurry to get thereng, obviously, about rate cuts new york fed president john williams, i definitely don't feel urgency to cut rates. cleveland president, at some point we will get more confidence, we will start to normalize policy back to a less restrictive stance, but we don't have to do that in a hurry fed governor progress on inflation has slowed and maybe it is even stalled at this point. so no hurry, no urgency, not there yet, need to get confidence fed chair powell the highlight of the week, a lack of further progress so far this year on returning to our 2% inflation goal the recent data clearly not giving us greater confidence and instead indicate it's likely to take longer than expected to achieve the confidence they said the same thing and said what market was expecting and the market was sort of ahead of them on pairing back rate cuts for the year. will we get any? that's the question. and will the next move be a cut in market seems confident on that point and the bull case for stocks that's t
here's raphael bostic atlanta fed president, for me that's okay, i'm not in a mad dash hurry to get thereng, obviously, about rate cuts new york fed president john williams, i definitely don't feel urgency to cut rates. cleveland president, at some point we will get more confidence, we will start to normalize policy back to a less restrictive stance, but we don't have to do that in a hurry fed governor progress on inflation has slowed and maybe it is even stalled at this point. so no hurry, no...
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Apr 4, 2024
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that's why you hear the likes of raphael bostic saying it will only be one and i think it should be pushedthan: you can see why the equity market is at all-time highs. there is the asymmetric stance of chairman powell. the reaction function remains asymmetric in the fed will cut in response to weakness but will not turn hawkish of activity remain strong. that's an important shift over the last few months. lisa: financial conditions have been turbocharge. have we entered a new regime where inflation is naturally higher? we will speak with bill dudley and talks to the fact that maybe it is substantially higher and if that's the case, does the symmetry have to shift at the federal reserve because they haven't dealt with this question. if you are dealing with more inflation than pre-pandemic, does the risk become more material that if they don't keep -- keep rates high long enough, what are the burdens? jonathan: let's get to the dovish spread. what idea dovish fed chair? long-term neutral is close to 4%. i think the federal reserve doesn't know so it doesn't want to engage in the debate just
that's why you hear the likes of raphael bostic saying it will only be one and i think it should be pushedthan: you can see why the equity market is at all-time highs. there is the asymmetric stance of chairman powell. the reaction function remains asymmetric in the fed will cut in response to weakness but will not turn hawkish of activity remain strong. that's an important shift over the last few months. lisa: financial conditions have been turbocharge. have we entered a new regime where...
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Apr 19, 2024
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raphael bostic saying the cut is unlikely until the end of the year.ng the fight against inflation may be stalling, saying "there is recent evidence disinflation may have stalled in some countries. higher-than-expected readings could challenge the narrative and investor optimism." tobias joins us from washington, d.c. for more. the last mile has proven to be difficult. rates have repriced higher. we've seen complaints from all over the world, from japan to south korea and malaysia and elsewhere. have those countries been given a green light to intervene if they need to? tobias: morning. very good to spend time with you today. we have certainly seen quite a bit of movement in the dollar since the beginning of the year, in particular since the announcement of inflation data in the u.s. that was above expectations. the moves we are seeing in currencies is fairly closely aligned with moves in currency differentials. we are watching the situation closely. jonathan: do you think if this is driven by larger deficits in industrial policy that perhaps countries
raphael bostic saying the cut is unlikely until the end of the year.ng the fight against inflation may be stalling, saying "there is recent evidence disinflation may have stalled in some countries. higher-than-expected readings could challenge the narrative and investor optimism." tobias joins us from washington, d.c. for more. the last mile has proven to be difficult. rates have repriced higher. we've seen complaints from all over the world, from japan to south korea and malaysia and...
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Apr 12, 2024
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we will hear from san francisco president mary daly, raphael bostic, kansas city fed president jeff schmidton fed president susan collins came out earlier saying she is looking for a baseline of two base cuts rather than a three that the fed had previously been projecting. annmarie: i want to hear what mike has to say to her in terms of what the fed is potentially not looking at, where these unknown notes are coming from. how much does she pushback from people like linda that we heard from, people from the 70's, we can live with higher inflation. is there any inkling at the fed to what linda said, living with higher inflation, may be fed getting more comfortable with not to percent but 2% to 3%? manus: she even went to the point that denying a rate hike. that is not a part of her baseline. now that you have someone in the fed talking about rate hikes, that is not on our agenda, that shows you if they are verbalizing that, that is how concerned they are. there is there lovely line from rbc. that is what we are here to debate, which is a no landing scenario, and that could be no cuts from the
we will hear from san francisco president mary daly, raphael bostic, kansas city fed president jeff schmidton fed president susan collins came out earlier saying she is looking for a baseline of two base cuts rather than a three that the fed had previously been projecting. annmarie: i want to hear what mike has to say to her in terms of what the fed is potentially not looking at, where these unknown notes are coming from. how much does she pushback from people like linda that we heard from,...
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bostic.ind of feels like a role for the last couple of months, it's what we've been hearing from, i don't know, former vice chair of the fed, roger ferguson. >> well, a couple of things. first of all, i had been surprised at the resilience of equities in the face of this. now it looks like equities yesterday were bothered by the bond situation. i think that they looked at what was happening over there, i think they were confused or whatever. and they're like, wait a second, is the fed cutting or not? what i'm confused about, becky, more than anything is whether or not it's fed policy to cut, or is it just one of those things they would do if it seems right? in the sense that when i hear powell talk, i'm interested, it sounds like the june rate cuts' a done deal. i hear waller and some other members of the committee -- >> like they were walking it back. >> it seems like they're willing to wait. sorry, beck? >> it felt like they were walking it back, first with waller's commentary and even with
bostic.ind of feels like a role for the last couple of months, it's what we've been hearing from, i don't know, former vice chair of the fed, roger ferguson. >> well, a couple of things. first of all, i had been surprised at the resilience of equities in the face of this. now it looks like equities yesterday were bothered by the bond situation. i think that they looked at what was happening over there, i think they were confused or whatever. and they're like, wait a second, is the fed...
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Apr 8, 2024
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bowman, the fed governor and raphael bostic on our air talking about this issue of one cut and probablyuarter. all right, where's the chair? kind of in the middle, maybe leaning a little bit dovish. he says it will be appropriate to lower rates at some time this years still seems to be holding along with daly from san francisco and messater from cleveland. all this hawkish resonating with markets. the problem this morning of a june rate cut falling to below 50% for the first time here, it's down from 65% before that strong friday jobs report. july increasingly at play, now at 68% from 80%. still the odds on bet, but we've seen all the volatility around this jpmorgan economists on friday night, they shifted their call for the first cut, guys, to july from june. this is in motion this week with inflation coming. i'm as much interested in the ppi on thursday as i am with the cpi, and of course we have the minutes to the fed meeting along with other economic data and andrew, of course lots and lots and lots of fed speak. >> thank you, stooeve. we're going to continue this debate and dialogu
bowman, the fed governor and raphael bostic on our air talking about this issue of one cut and probablyuarter. all right, where's the chair? kind of in the middle, maybe leaning a little bit dovish. he says it will be appropriate to lower rates at some time this years still seems to be holding along with daly from san francisco and messater from cleveland. all this hawkish resonating with markets. the problem this morning of a june rate cut falling to below 50% for the first time here, it's...
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Apr 18, 2024
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more fed speak on deck with michelle berman, john williams, and raphael bostic.ny wilding of pimco -- why she's a lonely? tiffany: it is funny you have not had more people talking about this. you can look at the growth numbers and know we are running 3%. core growth, it looks like you're going to run that in the first quarter, maybe second. we have not had four quarters of that growth since 2000's. that is nothing like an economy that has your trichet policy. in that environment you'd expect -- jonathan: we have had some big changes, deutsche bank say december. some banks are say no cuts this year, including the likes of apollo. where are you now on that issue? tiffany: we agree. we think ultimately they're not going to be cutting in the middle of the year as they had previously been telling us they're going to do. they will show us their new -- and we would get clear guidance on when exactly did explict a cut -- when exactly they expect a cut. we needed to see two consecutive quarters of point something efficient. our own forecast as it will be three at the seco
more fed speak on deck with michelle berman, john williams, and raphael bostic.ny wilding of pimco -- why she's a lonely? tiffany: it is funny you have not had more people talking about this. you can look at the growth numbers and know we are running 3%. core growth, it looks like you're going to run that in the first quarter, maybe second. we have not had four quarters of that growth since 2000's. that is nothing like an economy that has your trichet policy. in that environment you'd expect --...
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Apr 5, 2024
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neel kashkari, raphael bostic, will others come along and bumps become the new transitory?ng to swings, not just the equity market but bonds as well. the range of the 10-year. to see sub-4.20 and above 4.20, tons of fed speak. is it about the data, the fed speak, or the price of crude in the last 24 hours? lisa: is crude and isolated metric considering we've seen a rally and a host of commodities and industrial production increased? we heard from priya if it is crude it is inflationary everything, not so much. taking a step back, we are looking at a market questioning goldilocks. that i think is an issue for whatever week it today out of the jobs market. you won't be as much of a knee-jerk buy because the fed has your back no matter what. jonathan: priya said a moment ago, i really interesting conversation, you can find that later on this morning. foreign-exchange, finishing on the euro, just about unchanged, bit of this news. 1.0834. the question that we return to his did this ecb need to come for the fed cutting signaling they wanted to go further? lisa: there's a host ov
neel kashkari, raphael bostic, will others come along and bumps become the new transitory?ng to swings, not just the equity market but bonds as well. the range of the 10-year. to see sub-4.20 and above 4.20, tons of fed speak. is it about the data, the fed speak, or the price of crude in the last 24 hours? lisa: is crude and isolated metric considering we've seen a rally and a host of commodities and industrial production increased? we heard from priya if it is crude it is inflationary...
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Apr 12, 2024
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some like raphael bostic saying one cut this year, if that. where do you think higher for longer lands us? is this a situation where you think there is one cut or none this year or are you still feeling generous? >> it is really tough to tell. i want to see what the inflation data looks like. if inflation stays closer to 3% than 2%, i think the bostic scenario is a reasonable base case. the debate, becky, on the committee boils down to what do you need to see to have that confidence and specifically do you need to see a weaker labor market? the big surprise has been we got the disinflation with, you know, even if inflation is sticky, wage growth is coming down. the labor market is loosening. it is not weak at all. you are not seeing the fear that you would have had higher wages or sticky wage growth. how much more weakness do you need to see in the labor nomark? where the fed chair has been, this is fine. we don't need to slow down the economy. he is not talking about pain to get back to 2%. he stopped talking about that in the second half of
some like raphael bostic saying one cut this year, if that. where do you think higher for longer lands us? is this a situation where you think there is one cut or none this year or are you still feeling generous? >> it is really tough to tell. i want to see what the inflation data looks like. if inflation stays closer to 3% than 2%, i think the bostic scenario is a reasonable base case. the debate, becky, on the committee boils down to what do you need to see to have that confidence and...