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Mar 20, 2024
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first thing i would say is the federal reserve uses the l say is the federal reserve uses the personal its target measure, not the consumer price index, the cpi that you talked about previously, and they look at it, inks excluding food. that measure has continued to move down within less and a percentage point of their 2% target, so yes, it has been disappointing the last couple of months and frankly inflation has been disappointing across the world for well over two or three years, so yes, inflation is a big concern. in the united states we have also seen in the past two months and pretty disappointing numbers in retail sales, so again, this is a conflict thatis sales, so again, this is a conflict that is going on across the globe in terms of inflation is still high and yet things are slowing down in the economy and some countries in europe, we are talking about in a recession orflirting europe, we are talking about in a recession or flirting with one at this make the jobs of all central banks very difficult. the timing of the cuts will likely differ because under the hood, with infla
first thing i would say is the federal reserve uses the l say is the federal reserve uses the personal its target measure, not the consumer price index, the cpi that you talked about previously, and they look at it, inks excluding food. that measure has continued to move down within less and a percentage point of their 2% target, so yes, it has been disappointing the last couple of months and frankly inflation has been disappointing across the world for well over two or three years, so yes,...
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Mar 6, 2024
03/24
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we will check. >> as the federal reserve continues to look at proposals, has the federal reserve committee had any discussions regarding the adoption of risks and capital requirements? chr. powell: i do not know. has there been discussion in other committees about the risks and capital requirements? chr. powell: any discussion, i really do not know. if you ask me, any discussion, i do not know. >> it is not a priority? chr. powell: to put it mildly. >> thank you. i appreciate your answers and any other light you can shed on those matters. i yield back. >> recognized for five minutes. >> thank you, mr. chairman for being here today. following that exchange, i wrote a letter with my colleagues about the clean energy tax provisions. i appreciate your commitment to look at that. i wonder if i could put a sharper point on it. can you look at it before the rule is finalized? the concern i have is the number of banks waiting for some clarity on that. i prefer we not slow down, if we do not have to. chr. powell: i think there is a proposal, and we are well aware of the commentary. we will react ap
we will check. >> as the federal reserve continues to look at proposals, has the federal reserve committee had any discussions regarding the adoption of risks and capital requirements? chr. powell: i do not know. has there been discussion in other committees about the risks and capital requirements? chr. powell: any discussion, i really do not know. if you ask me, any discussion, i do not know. >> it is not a priority? chr. powell: to put it mildly. >> thank you. i appreciate...
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Mar 22, 2024
03/24
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the economics and federal reserve reporter with "the associated press." you will take your questions and, on the economy so will go to ron first maryland, independent. >> caller: good morning c-span. congratulations on your 45th anniversary. >> host: thank you lull calling this morning about h.r. 2513 which is the corporate transparency act which was passed in 2021 which impacts some 40, 35-40 nondeployed businesses and 70.4 million freelancers, 9.6 million of them are self-employed. with 97% of the small businesses are required to file this report, the issue which went into effect january 1 of 2024, if you are incorporated before that date you have until january 1, 2025. five. if you incorporated this is after january you only have 90 days to find, finds a startup type of dollars a day up to $10,000, and it's two years of federal jail time for failure to report. people can get more information by going to positive change pc.com. i want to know if you can get someone from the national small business association filed a federal lawsuit on march 1 2024 stru
the economics and federal reserve reporter with "the associated press." you will take your questions and, on the economy so will go to ron first maryland, independent. >> caller: good morning c-span. congratulations on your 45th anniversary. >> host: thank you lull calling this morning about h.r. 2513 which is the corporate transparency act which was passed in 2021 which impacts some 40, 35-40 nondeployed businesses and 70.4 million freelancers, 9.6 million of them are...
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Mar 18, 2024
03/24
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that's one reason we need more rules in place compared to the discretion of the federal reserve.nk the three that you mention with others out there we do a good job of being chair of the federal reserve and making sure that they're not putting their thumb on the scale one way or another the fed should be neutral we don't want them to manipulate markets and everything else and we had that in the past they kept them too low for too long and too much money in the economy and that's why we have so much inflation. >> to be fair donald trump liked interest rates too low for too long. every president does. >> they do but i think we did a higher interest rate given how much money the federal reserve has put in place there is a constant decision-making process with how much government spending and natural debt and when you see the national debt as high as it is with a trillion dollars. neil: thank you for that. >> you also the opportunity of inflation. neil: grow quickly while i still have you are you in the camp that says we get the cuts but they're not going to be many cuts and it will
that's one reason we need more rules in place compared to the discretion of the federal reserve.nk the three that you mention with others out there we do a good job of being chair of the federal reserve and making sure that they're not putting their thumb on the scale one way or another the fed should be neutral we don't want them to manipulate markets and everything else and we had that in the past they kept them too low for too long and too much money in the economy and that's why we have so...
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Mar 22, 2024
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host: that was the federal reserve chair yesterday.and federal reserve reporter with the associated press. he will take your questions and comments on the economy so we will go to ron in tacoma park, maryland, independent. caller: good morning, c-span and congratulations on your 45th anniversary. host:■haller: i'm calling this g about hr 2513 which is the was passed in 2021 which impacts sses and 70.4 millionoyed freelancers, 9.6 million of them are self-employed. with 97% of these small businesses, they are required to file this(■eport, it went into effect january 1 of 2024. if you were incorporated before that date, you haveif you incors after january 1, you only have 90 days to start at $500 perú dy up to $10,000 and it's two years of federal jail time. le can get more information by going to positive changepc .com. i want to know ifoh you can get someone from the national small business association who filed a federal lawit on march 1, 2024 and struck down this and declared it unconstitutional and there has been some coverage but v
host: that was the federal reserve chair yesterday.and federal reserve reporter with the associated press. he will take your questions and comments on the economy so we will go to ron in tacoma park, maryland, independent. caller: good morning, c-span and congratulations on your 45th anniversary. host:■haller: i'm calling this g about hr 2513 which is the was passed in 2021 which impacts sses and 70.4 millionoyed freelancers, 9.6 million of them are self-employed. with 97% of these small...
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Mar 7, 2024
03/24
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the federal reserve chairman is — the senators? the federal reserve chairman is a _ the senators?hairman is a veteran _ the senators? the federal reserve chairman is a veteran of— the senators? the federal reserve chairman is a veteran of scenes - the senators? the federal reserve| chairman is a veteran of scenes like this, testifying on capitol hill, and had a run at it yesterday in front of the house. he stuck to the script, saying while we can expect interest rates are at their peak, if things continue as they have been, we in to sedate rate cuts ahead but did not give clues on time. he was cautious, walking a tightrope, saying the federal have to see inflation going down sustainably to its 2% target before cutting interest rates. he warned more evidence is necessary and they are having a wait and see approach. we can expect the same today, but he will face tough questions, including on banking and other topics with the economy, but i am looking for the political undertones and push and pull of the timing of rate cuts, with centres trying to say this is a political issue in a b
the federal reserve chairman is — the senators? the federal reserve chairman is a _ the senators?hairman is a veteran _ the senators? the federal reserve chairman is a veteran of— the senators? the federal reserve chairman is a veteran of scenes - the senators? the federal reserve| chairman is a veteran of scenes like this, testifying on capitol hill, and had a run at it yesterday in front of the house. he stuck to the script, saying while we can expect interest rates are at their peak, if...
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Mar 9, 2024
03/24
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the federal reserve a corporate.you are supposed to pay for your operating costs off of positive cash flow. right now, the fed has negative cash flow. it is not entirely the federal reserve is operatedhz $133 billion loss on its balance sheet this year. it's not the right approach, i think to be much out. . holding capital in the fed when he could be deploying it in the market. right now, the interest you are paying money market funds exceeds you are getting on the $7.6 trillion balance sheet access that you have to the tune of $133 billion asset. the fed operating loss. what is the path to cash flow positivity? >> as you know, for many years, we've contributed way over $1 trillion in good earnings to the bank, the treasury department. you cannot look without mentioning we've been giving $100 million a year in profits treasury department. you've decided that when we raise rates to do the job you to get inflation under control, when we do that, we absorb paper losses. it has no effect on the way we operate with the fe
the federal reserve a corporate.you are supposed to pay for your operating costs off of positive cash flow. right now, the fed has negative cash flow. it is not entirely the federal reserve is operatedhz $133 billion loss on its balance sheet this year. it's not the right approach, i think to be much out. . holding capital in the fed when he could be deploying it in the market. right now, the interest you are paying money market funds exceeds you are getting on the $7.6 trillion balance sheet...
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Mar 10, 2024
03/24
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and yr chairman of the federal reserve?e growth in the money supply was 3.1% per year, the■ inflation was 2.2%. since you left, the money supply is exactly doubled the inflation rate is average 7%. and of course an recent the money supply has been growing double digit territory as has our inflation rate. mai confirm two facts which have been so brought out in the film of professor friedman, namely that at the basis their relatively good perform in southwestern germany were really events. nt of a new sound money which. we tried to preserve sound afterwards. andovernight into a free market economy. any control over prices and wages. these were the two fundamental facts of you have tried to preserve monetary stability by just tprescription of professor friedman namely monetary discipline keeping monetary growth relatively moderate. i must, however, warn you, it's not so easy as it looks if you just if you just the to persistn course. yeah. nobody disagree with the proposition that excessive supply, an essential element in the
and yr chairman of the federal reserve?e growth in the money supply was 3.1% per year, the■ inflation was 2.2%. since you left, the money supply is exactly doubled the inflation rate is average 7%. and of course an recent the money supply has been growing double digit territory as has our inflation rate. mai confirm two facts which have been so brought out in the film of professor friedman, namely that at the basis their relatively good perform in southwestern germany were really events. nt...
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Mar 18, 2024
03/24
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and your 19 years as chairman of the federal reserve? well, the average growth in the money supply was 3.1% per year, the inflation was 2.2%. since you left, the money supply is exactly doubled the inflation rate is average 7%. and of course and recent the money supply has been growing double digit territory as has our inflation rate. may i first of all confirm two facts which have been so brought out in the film of professor friedman, namely that at the basis their relatively good perform in southwestern germany were really events. one so establishment of a new sound money which. we tried to preserve sound afterwards. and secondly, it's a jump overnight into a free market economy. any control over prices and wages. these were the two fundamental facts of you have tried to preserve monetary stability by just tying to follow this prescription of professor friedman namely monetary discipline keeping monetary growth relatively moderate. i must, however, warn you, it's not so easy as it looks if you just if you just say governments have to h
and your 19 years as chairman of the federal reserve? well, the average growth in the money supply was 3.1% per year, the inflation was 2.2%. since you left, the money supply is exactly doubled the inflation rate is average 7%. and of course and recent the money supply has been growing double digit territory as has our inflation rate. may i first of all confirm two facts which have been so brought out in the film of professor friedman, namely that at the basis their relatively good perform in...
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Mar 6, 2024
03/24
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and, also, substantiated by the federal reserve of new york and michigan surveys that i read it also talks about job gains and uses the word robust jobs. i want to thank you for educating us on that mr. chairman, i would like the record to show this also resulted during the biden-harris administration of making sure so often we hear in this committee and other committees about what the administration is not doing and what our economy and jobs look like. now let me move on to something that's very dear to me, and i want to thank our ranking member for bringing it up, and that's the lack of affordable housing, which is one of the primary things i hear about when i'm back home. i'm on more panels to try to explain what you do, what we do, or oftentimes, what we don't do and why we have this while i know that interest rate hikes have successfully brought down the inflation, rising rates have also had an adverse effect on the cost and the pace of housing construction and costs are you concerned about the effects interest rate hikes are having on the cost of financing new construction and
and, also, substantiated by the federal reserve of new york and michigan surveys that i read it also talks about job gains and uses the word robust jobs. i want to thank you for educating us on that mr. chairman, i would like the record to show this also resulted during the biden-harris administration of making sure so often we hear in this committee and other committees about what the administration is not doing and what our economy and jobs look like. now let me move on to something that's...
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Mar 18, 2024
03/24
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federal reserve, boj on deck.year yield up every single day last week. 20 basis points on a 10 year as well. 470 on a two year maturity. it is a new era for barclays. >> i think it is going to be a barclays year. we have to be resilient. we continue to strive for efficiency. improvement in the types of revenue running the business. we are the leading investment bank outside of the united states. people are looking for a partner and a counterpart not just a u.s. bank. if they had to pick one, they tend to take british banks. jonathan: barclays launching a three-year plan to shed costs and boost revenue. returning at least $12 million to shareholders through dividends and buybacks -- $12 billion through share -- through buybacks. joining us is the ceo of barclays. great to see you, sir. particularly here in new york city. we have rallied since -- pretty aggressively up 20% since yesterday evening. do you think that's evidence to share into your vision? >> it is the early stage of that evidence. what is most importan
federal reserve, boj on deck.year yield up every single day last week. 20 basis points on a 10 year as well. 470 on a two year maturity. it is a new era for barclays. >> i think it is going to be a barclays year. we have to be resilient. we continue to strive for efficiency. improvement in the types of revenue running the business. we are the leading investment bank outside of the united states. people are looking for a partner and a counterpart not just a u.s. bank. if they had to pick...
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Mar 20, 2024
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the federal reserve began discussion. the potential end to the reduction of the balance sheet, so we hope to get some information and details about when the fed might bring quantitative tightening to a close here, having brought the balance sheet down by 1,000,000,000,000 1/2, but if it keeps going at this pace for another year, it would even stop at 2 trillion above where it started this whole thing, back in 2020. >> very interesting stuff. if i can go back to david kelly, when we are talking about the balance sheet, we don't have the details, as steve said. maybe we will get some in the press conference. what feels appropriate to you, knowing what -- where the fed stands right now? and, what can the market take? >> the federal reserve really doesn't know how far they can push down the balance sheet before they have a repeat of what happened in september of 2019, were short rates suddenly bounced up. they are using this ample reserves regime, they have all these reserves, so they are gradually draining reserves from the
the federal reserve began discussion. the potential end to the reduction of the balance sheet, so we hope to get some information and details about when the fed might bring quantitative tightening to a close here, having brought the balance sheet down by 1,000,000,000,000 1/2, but if it keeps going at this pace for another year, it would even stop at 2 trillion above where it started this whole thing, back in 2020. >> very interesting stuff. if i can go back to david kelly, when we are...
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Mar 20, 2024
03/24
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what is the bias of this federal reserve? fact that we have seen hot print after hot print when it comes to inflation? that is why people are watching and francis put this really well . if they move it down to two rate cuts for this year that indicates a more hawkish tone, but also 2025, 2026, are they seeing their ability to cut rates that significantly crimped by the fact inflation is stickier than they expected. jonathan: have to try to call the fed and work out what the market will do. if you call things correctly so far this year i'm not sure you have gotten two. even as we prize out federal reserve interest rate cuts. another great example. getting the market call right. bank of japan. made the call this year we would get the first interest rate hike since 2007. would you have the japanese yen as the worst-performing currency ? lisa: potentially the weakest going back to 1990 versus the dollar. you look at the weakness in the yen. is it a function of japan? or is a function of king dollar and the idea the u.s. strength
what is the bias of this federal reserve? fact that we have seen hot print after hot print when it comes to inflation? that is why people are watching and francis put this really well . if they move it down to two rate cuts for this year that indicates a more hawkish tone, but also 2025, 2026, are they seeing their ability to cut rates that significantly crimped by the fact inflation is stickier than they expected. jonathan: have to try to call the fed and work out what the market will do. if...
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Mar 8, 2024
03/24
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we've seen other uses in this body and federal reserve. the fed to identify substantive penalties for board officials who violate the trading rules. where is that in the p and i expect these rules in place before the next policy hearing in six months. >> our own inspector general gave us six things to work on. i read the list from beginning to end and i said we are going to do all going so we've done five of them and we are working on a six. one last question. more and more companies use algorithms that combine competitors price information to engage in what they call dynamic pricing or surge pricing. you know the corporate teams worked hard on another way for corporations to make it harder to seek out lower prices. arelo you concerned that the adoption of these price gouging strategies, these pricing schemes if you will will attribute to inflation? >> i think it works both ways. we are well aware of this trend and we are monitoring it. i don't know the implication for inflation it would certainly have implications for consumers who need t
we've seen other uses in this body and federal reserve. the fed to identify substantive penalties for board officials who violate the trading rules. where is that in the p and i expect these rules in place before the next policy hearing in six months. >> our own inspector general gave us six things to work on. i read the list from beginning to end and i said we are going to do all going so we've done five of them and we are working on a six. one last question. more and more companies use...
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Mar 20, 2024
03/24
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reserve and dow, nasdaq and s&p at records at the moment after the federal reserve held rates stead i did for fifth meeting in the row and fed chair jerome powell answering questions for reporters. let's go back there live. >> early parts of the pandemic recovery have mostly been resolved. you're seeing high job growth, you're seeing big increases in supply. you're seeing strong wage growth but wage growth is gradually moderating down to more sustainable levels in many, many respects and the things are returning more to their state in 2019, which we can think of normal for this purpose. that's job openings and quits and surveys of workers and businesses are interesting on this and how tight is the -- how easy to find a job and how easy it is to find a worker. those have both -- those surveys have both come down. the labor market is in good shape. you know, you do see things like the low hiring rate. and people made the argument that if layoffs were to increase that would mean that the net would be fairly quick increases in unemployment. that's something we're watching and not seeing
reserve and dow, nasdaq and s&p at records at the moment after the federal reserve held rates stead i did for fifth meeting in the row and fed chair jerome powell answering questions for reporters. let's go back there live. >> early parts of the pandemic recovery have mostly been resolved. you're seeing high job growth, you're seeing big increases in supply. you're seeing strong wage growth but wage growth is gradually moderating down to more sustainable levels in many, many respects...
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Mar 12, 2024
03/24
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jonathan: where does this leave the federal reserve? annmarie: they will be focused on this, but this is not going to be enough. what strikes me is the year-over-year cpi is not too far with the budget put out. the projections are interesting. 2.9% inflation is not going to help them or the fed. jonathan: 2024 real gdp. 2.4% this year. lisa: they will probably keep it there. the disinflation so far is kind of going to stall out. we heard that with respect to airline tickets, but the demand is there. these have to be paying on the fed. jonathan: is an a beat for this market? there is a difference between what the market is looking for and what economists are looking for. lisa: i would say that yes, it is a beat. that is the biggest cloud hanging over the market. everybody is prepared but not for an acceleration of data. jonathan: looking across the treasury curve, yields are a little bit higher. that is the story and the bond market. just a touch stronger. coming up this hour, a fantastic lineup. the biggest risk event this month. way an
jonathan: where does this leave the federal reserve? annmarie: they will be focused on this, but this is not going to be enough. what strikes me is the year-over-year cpi is not too far with the budget put out. the projections are interesting. 2.9% inflation is not going to help them or the fed. jonathan: 2024 real gdp. 2.4% this year. lisa: they will probably keep it there. the disinflation so far is kind of going to stall out. we heard that with respect to airline tickets, but the demand is...
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Mar 20, 2024
03/24
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i've been speaking to the former us federal reserve economist claudia sahm and i asked her if we wereto 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 could change today, if we have just two of the participants move their... "i think it would be appropriate to have two "cuts, as opposed to three..." rates are going up today for people and even if the fed stays pat, it is a very unfortunate circumstance because for a lot of reasons we shouldn't be looking at the dot... to decide whether people have enough to pay for their mortgage, yet that is the reality. yes, and all that is driven by prices continuing to rise, of course, and that inflation is proving to be pretty sticky, that inflation that many central banks around the world are findin
i've been speaking to the former us federal reserve economist claudia sahm and i asked her if we wereto 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...
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Mar 18, 2024
03/24
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here is the expectation around the federal reserve.e gone from 107, expectations you might get seven cuts to expectations you will get fewer than three. it is a provision some fed forecast that ties into the bank of japan. let's have a look at the 10 year, because treasury markets are reacting to these expectations, stickier inflation data out of the u.s. and commentary on fed officials and markets and treasure is reacting with the selloff last week particularly on 2 and 10, and you saw a 20 basis point moves. money moving out on expectations you will get fewer cuts this year, so that is the context you see. there is this selloff in the u.s. 10 year. expected to stand bet against revisions. coming up later, the barclays chief executive joining the surveillance team to discuss the u.k. lenders outlook and strategy plan. that is an exclusive conversation. up next, markets today breaking down all of the central bank action and setting you up for the week. stay with us. this is bloomberg. ♪ at ameriprise financial our advice is personalize
here is the expectation around the federal reserve.e gone from 107, expectations you might get seven cuts to expectations you will get fewer than three. it is a provision some fed forecast that ties into the bank of japan. let's have a look at the 10 year, because treasury markets are reacting to these expectations, stickier inflation data out of the u.s. and commentary on fed officials and markets and treasure is reacting with the selloff last week particularly on 2 and 10, and you saw a 20...
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Mar 20, 2024
03/24
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after the federal reserve's aggressive l federal reserve's aggressive campaign to tame inflation, manywaiting the fed's first rate cut to keep the economy humming. including on the campaign trail. the fed is looking at multiple interest rates cuts this year to boost the economy in the run—up to the november presidential election. 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 n
after the federal reserve's aggressive l federal reserve's aggressive campaign to tame inflation, manywaiting the fed's first rate cut to keep the economy humming. including on the campaign trail. the fed is looking at multiple interest rates cuts this year to boost the economy in the run—up to the november presidential election. 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...
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Mar 20, 2024
03/24
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hear from federal reserve jay powell at 2:30 p.m. the meeting concluded at 2:00 o'clock and perhaps will get clarity on what the fed is on rate cuts, joining the fitz-gerald group principal keith fitz-gerald. great to see you, the fed is in a bind according to knecht amorose who was with us yesterday with the wall street journal because the last month of inflation really were hotter than expected do you keep up the fight of inflation to take the inflation down with more rate hikes or do you deal with the market expecting that you very been successful in taking inflation way down and start cutting rates, what are you expecting? >> that's an interesting question. i am the latter the markets are forward-looking which is data-driven and data looking in the rearview mirror, i would like to see the strategic decisions going forward. maria: rebecca you heard from christine legarde from the european central bank. i want to talk about what you read from that. here is jim grant his interest-rate observer founder was with us last week and he ma
hear from federal reserve jay powell at 2:30 p.m. the meeting concluded at 2:00 o'clock and perhaps will get clarity on what the fed is on rate cuts, joining the fitz-gerald group principal keith fitz-gerald. great to see you, the fed is in a bind according to knecht amorose who was with us yesterday with the wall street journal because the last month of inflation really were hotter than expected do you keep up the fight of inflation to take the inflation down with more rate hikes or do you...
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Mar 7, 2024
03/24
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relationships with the federal reserve to use its discount window.now you talked a little bit about that with senator warner. how is the federal reser home loan banks to ensure that banks establish protocols to borrow from the fed's discount window prior to times of stress? chair powell: we work with the federal home loan banks because in many cases banks were moving their loan from the federal home loan bank to the fed. we need to have smooth transfer -- we need to be in good touch with them. even more important than that is that banks, any bank in the united states, needs to the dis. know how to be able to access it. be able to access it. have appropriate collateral. have control of that collateral. in many cases it would just -- it was incredibly inefficient and took a long time for banks to through that function. the home loan banks are ahead of us in technology. we know that we need to really invest in technology to modernize the discount window. we need to do more to get our banks, all of them, in touch with the discount window in a way they ca
relationships with the federal reserve to use its discount window.now you talked a little bit about that with senator warner. how is the federal reser home loan banks to ensure that banks establish protocols to borrow from the fed's discount window prior to times of stress? chair powell: we work with the federal home loan banks because in many cases banks were moving their loan from the federal home loan bank to the fed. we need to have smooth transfer -- we need to be in good touch with them....
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Mar 7, 2024
03/24
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reserve governor in the first ever latino federal reserve bank president. these are historic milestone showing that we are making progress, something that i have been at for quite some time. to the leadership of our economic institutions, so i want to applaud that. and mr. chairman, i hope the progress can continue to the rest of the federal reserve staff. chair powell: thank you. sen. menendez: i agree with my friend the ranking member that when you tell a story, you should tell the whole story. mr. chairman, are you aware of the "washington post" february 22 article that says the economy is roaring and immigration is a key reason? chair powell: i do not recall that but i would have read it. sen. menendez: "immigration has propelled the u.s. job market further than anyone has expected, helping cement the country's economic rebound from the pandemic as the most robust in the world. it goes on to say, economists and labor experts say that this surge was ultimately key to solving unprecedented gaps in the economy that threatened the country's ability to recov
reserve governor in the first ever latino federal reserve bank president. these are historic milestone showing that we are making progress, something that i have been at for quite some time. to the leadership of our economic institutions, so i want to applaud that. and mr. chairman, i hope the progress can continue to the rest of the federal reserve staff. chair powell: thank you. sen. menendez: i agree with my friend the ranking member that when you tell a story, you should tell the whole...
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Mar 25, 2024
03/24
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instead it is the mood of the federal reserve. we focus more on that.t is that we have incentives in the system for more inflation. the amazing deficits we have, if we don't raise taxes well the federal reserve has to finance them somehow. charles: right. >> if not, at least there is the bias and unemployment mandate of course pushes that mandate front and center. ultimately, we as consumers are paying the price for that. charles: having said that, do you model, do you have an idea what you think we'll see for the rest of the year or is it inconsequential? >> i bet on the consumer. as you pointed out the consumer is struggling a bit. charles: right. >> delinquency rates are going up. 2/3 of the economy are the consumer. i'm of the camp the economy will be worse than expected. i don't have a crystal ball. markets are pricing in a wonderful world. my own side i think what could possibly going on. i think odds of something going wrong are significant enough to take account for it. charles: talk about gold for a moment. gold breaking out here. it really fee
instead it is the mood of the federal reserve. we focus more on that.t is that we have incentives in the system for more inflation. the amazing deficits we have, if we don't raise taxes well the federal reserve has to finance them somehow. charles: right. >> if not, at least there is the bias and unemployment mandate of course pushes that mandate front and center. ultimately, we as consumers are paying the price for that. charles: having said that, do you model, do you have an idea what...
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Mar 21, 2024
03/24
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following the meeting, the american federal reserve left the key rate at 5.25, 5.5%.rate has remained since july last year. the main question has traditionally been what the federal reserve will say about the future reduction of the key rate. and investors had the worst suspicions before the meetings, after the us inflation figures in february turned out to be worse than forecasts. but the federal reserve, having improved its forecast for american economic growth this year, still indicated three possible rate cuts in the twenty- fourth. american exchanges decided that the fed's unchanged position is good news in an environment where inflation is worse forecasts, because the indices rose noticeably the day before. the russian stock market is also trading in positive territory at this moment. alor broker analysts say that investors are gradually starting to buy those shares for which they expect large dividends. the dollar, having not heard any toughness from the federal reserve, began to fall in price compared to other currencies, including the ruble, and at these minu
following the meeting, the american federal reserve left the key rate at 5.25, 5.5%.rate has remained since july last year. the main question has traditionally been what the federal reserve will say about the future reduction of the key rate. and investors had the worst suspicions before the meetings, after the us inflation figures in february turned out to be worse than forecasts. but the federal reserve, having improved its forecast for american economic growth this year, still indicated...
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Mar 20, 2024
03/24
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after the federal reserve's — out there. after the federal reserve's aggressive - out there.gressive campaign to tame inflation many are eagerly awaiting their first cut to keep the economy humming. including on the campaign trail. the fed is planning multiple interest rate cuts this year and they could boost the numbers in the run—up to the election. 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 likel
after the federal reserve's — out there. after the federal reserve's aggressive - out there.gressive campaign to tame inflation many are eagerly awaiting their first cut to keep the economy humming. including on the campaign trail. the fed is planning multiple interest rate cuts this year and they could boost the numbers in the run—up to the election. but with the cost of services biking, jerome powell and his policymakers are looking to keep rates unchanged for a fifth straight time and...
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Mar 21, 2024
03/24
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welcome back breaking momgs bank of england following federal reserve european central bank lead interestnd made surprise rate cut this morning swiss national bank cutting interest rates 25 basis points the federal reserve left unchange yesterday fifth consecutive meeting 10-year yield pulling back, and we are looking at the yield now sitting at 4.23%, down four base the fed raised gdp inflation outlook for theier on stronger economic growth it said did project three rate cuts this year, federal reserve chairman jay powell said rates will not return to lowest levels, however, watch. >> our policy rate is likely at its peak for this cycle and if economy evolves broadly as expected will lime be appropriate to begin dialing back policy restraint at some point rates will not go back down to the very low levels that we saw where, all around the world long rates at or zero in some indicates i don't see rates to that level but tremendous uncertainty around that i don't think we really know whether a bump on the road or something more. >> joining me former federal reserve board nominee independen
welcome back breaking momgs bank of england following federal reserve european central bank lead interestnd made surprise rate cut this morning swiss national bank cutting interest rates 25 basis points the federal reserve left unchange yesterday fifth consecutive meeting 10-year yield pulling back, and we are looking at the yield now sitting at 4.23%, down four base the fed raised gdp inflation outlook for theier on stronger economic growth it said did project three rate cuts this year,...
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Mar 20, 2024
03/24
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>> john: breaking on the federal reserve making in addition to leave interest rates unchanged. 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
>> john: breaking on the federal reserve making in addition to leave interest rates unchanged. 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...
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Mar 20, 2024
03/24
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all eyes on the federal reserve decision coming at 2:00 p.m. eastern time.ond yields rising as data comes in hotter than expected. stephen major of hsbc staying bullish. in anticipation of rate cuts we take bullish duration exposure in europe and stay at mildly bullish for treasuries. can we start with that mildly bullish story for treasuries, why mildly bullish in the ace of a bit of a selloff we've seen so far? >> mildly bullish is not all in. all in is full on bullish and that is why europe is ranked above the u.s. in terms of possible easing and performance from duration. but we can't let go of this view that yields are going to be lower, not higher by year end, and i get they've been sliding up the last week or so, but the context is important. we've come a long way from the peak of yields in october. inflation peaked in june of 2022. the market changed its directional view in october 2022. the fed pivoted a couple months later. it seems to me that they are not going to change their mind. the next move is down and in the meantime we know it is either un
all eyes on the federal reserve decision coming at 2:00 p.m. eastern time.ond yields rising as data comes in hotter than expected. stephen major of hsbc staying bullish. in anticipation of rate cuts we take bullish duration exposure in europe and stay at mildly bullish for treasuries. can we start with that mildly bullish story for treasuries, why mildly bullish in the ace of a bit of a selloff we've seen so far? >> mildly bullish is not all in. all in is full on bullish and that is why...
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Mar 26, 2024
03/24
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manages the capital of the american federal reserve system, central banks and treasuries, and the globalcial ecosystem. black rock's value is half of the entire gdp of the united states of america, and lawrence fink, the founder and head of the corporation, is on the influential council on foreign relations and the council of the world economic forum. they 're literally trying to buy everything, their head larry fink, the ceo of black rock, is on the board of trustees of the world economic forum, where they came up with this plan called the great reset, which means you won't own nothing and be happy, they are already well on their way to it, you've probably heard of cases where people are looking to buy a house, but suddenly someone comes along at the last minute to sell a house out of a tray, usually a little-known company with an obscure name. they are informally called the fourth branch of government. the reason the corporation is so effective is project aladdin. it lies in the fact that black rock allocates money from the governments of various countries for development and technolog
manages the capital of the american federal reserve system, central banks and treasuries, and the globalcial ecosystem. black rock's value is half of the entire gdp of the united states of america, and lawrence fink, the founder and head of the corporation, is on the influential council on foreign relations and the council of the world economic forum. they 're literally trying to buy everything, their head larry fink, the ceo of black rock, is on the board of trustees of the world economic...
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Mar 9, 2024
03/24
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reserve promised an unflinching end quote review both at san francisco federal reserve bank which regulated spb and at the board which regulatory delegate today san francisco. how would youo. grade a year later the inflinching review? >> reverential. it is my review of how i was on my third trip to the -- to then salad bar actually not the salad bar. this is why checks and balances in our government, this is why other people do afteraction review, not people that actually committed action. what steps hasn't done that it should in the years since the failure to reform itself because the fed says it answers to congress and you being the committee congress -- >> okay. so let's -- let's separate. where he we gave them the ability -- gave up substantial amount of government control that was done poorly in america. so i think independent rate setting and monetary policy is a very good thing. number 2 policy is very stupid and not cob forming with law in any country on the globe. in this -- in this question of functionality andare a couple of things we know and some of it not just regulation, some
reserve promised an unflinching end quote review both at san francisco federal reserve bank which regulated spb and at the board which regulatory delegate today san francisco. how would youo. grade a year later the inflinching review? >> reverential. it is my review of how i was on my third trip to the -- to then salad bar actually not the salad bar. this is why checks and balances in our government, this is why other people do afteraction review, not people that actually committed...
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Mar 7, 2024
03/24
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thus a question we are asking. >> prior to the federal reserve issuing any new liquidity requirements, it will first conduct necessary data collection that would allow for meaningful analysis of all potential policy options? chair powell: maybe. we can talk about this more, i don't want to make a specific commitment without talking to the people who are carefully in touch with us. >> senator federman from pennsylvania is recognized. if senator warnock says down he can go next. you are also generous with each other. senator fetterman is struck eyes. -- recognize. all right, senator warnock. >> thank you very much mr. chairman. interest rates are high in the interest being paid to depositors, ordinary working families, working people with bank accounts, not a lot of money and wall street accounts. chairman powell i am concerned that when banks don't increase the interest rates on accounts, is not good for the economy? are you concerned that banks under supervision are doing this? chair powell: not paying sufficient? of course they have the option of putting their money and money market
thus a question we are asking. >> prior to the federal reserve issuing any new liquidity requirements, it will first conduct necessary data collection that would allow for meaningful analysis of all potential policy options? chair powell: maybe. we can talk about this more, i don't want to make a specific commitment without talking to the people who are carefully in touch with us. >> senator federman from pennsylvania is recognized. if senator warnock says down he can go next. you...
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Mar 15, 2024
03/24
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all of that going into the federal reserve.f you want to look at the bond market, these are the yields -- the two year yield -- yield is at 4.70 and the 10 year yield is about 4.20. wti is $80 and about $.59, negative by 0.8%. supply concerns this morning driving up oil. >> we know that opec-plus has been stringent with regard to their supply and we have not seen that kind of demand we otherwise might have coming into this year. there is a consequence of that. opec to still projecting we are likely to see 2% demand growth year-over-year. net net with a decent economy domestically and some improvement we are seeing globally, to me that is the ingredient for why oil prices are being propped up and could continue to grind higher. jonathan: oil prices this morning are climbing with theiea forecast at a high demand. copper is also rallying to its highest level in 11 months i'm better global manufacturing and construction could pick up. will kennedy joins us now. it feels like this commodity market out of nowhere has woken up. what h
all of that going into the federal reserve.f you want to look at the bond market, these are the yields -- the two year yield -- yield is at 4.70 and the 10 year yield is about 4.20. wti is $80 and about $.59, negative by 0.8%. supply concerns this morning driving up oil. >> we know that opec-plus has been stringent with regard to their supply and we have not seen that kind of demand we otherwise might have coming into this year. there is a consequence of that. opec to still projecting we...
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Mar 20, 2024
03/24
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this is a second anniversary of the forest -- first rate hike by the federal reserve. so interesting on this day the signs that it could reverse. you're saying that quickly enough? >> not quickly enough and i don't think that's a bad thing in one anniversary to celebrate or not celebrate, my glass is three quarters full as usual as you can expect because the fact that the market will handle right here. i know it doesn't feel great boys and girls because we observe what's called zero interest rate policy for what felt like a decade after the financial crisis. not awesome. we can find english -- there was deflation on a return. know we have a bit of inflation because we have a bit of economic growth and a heck of a lot of demand from that thing i'm worried about his administration whoever's in dc the way to get impatient handled is actually by lowering taxes and lowering regulation so people can get produce more stuff to sell to consumers. not raising taxes, not regulations which is something i think the chairman knows as well. >> neil: it makes his job more difficult, j
this is a second anniversary of the forest -- first rate hike by the federal reserve. so interesting on this day the signs that it could reverse. you're saying that quickly enough? >> not quickly enough and i don't think that's a bad thing in one anniversary to celebrate or not celebrate, my glass is three quarters full as usual as you can expect because the fact that the market will handle right here. i know it doesn't feel great boys and girls because we observe what's called zero...
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Mar 19, 2024
03/24
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jonathan: we've got to leave it there, looking ahead to the federal reserve.ity futures on the s&p 500 are a bauer out from the opening bell, they are negative. joining us is michaelgaipin alongside his colleague. great to see you both. >> thanks for coming to one bryant park. jonathan: thanks for having us again. can we talk about the recent economic data? can you point is something that demonstrates we are sufficiently restrictive at the federal reserve? >> it's tough. as mike was just saying, if housing is your typical suspect, housing did react, activity did slow down but maybe not for the reasons one would expect. i think you can point to bank loan growth is another area that has responded to higher rates but outside of maybe loan growth and housing, it's difficult in my view to find sectors of the economy that had obvious interest rate effects. jonathan: are the longer variable legs superlong? >> we are starting to see some impact on retail sales as long? the last couple of print and soft and what was more notable for me was the downward revisions. it us
jonathan: we've got to leave it there, looking ahead to the federal reserve.ity futures on the s&p 500 are a bauer out from the opening bell, they are negative. joining us is michaelgaipin alongside his colleague. great to see you both. >> thanks for coming to one bryant park. jonathan: thanks for having us again. can we talk about the recent economic data? can you point is something that demonstrates we are sufficiently restrictive at the federal reserve? >> it's tough. as mike...
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Mar 13, 2024
03/24
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that's what the federal reserve did their job.t spending was a head wind for the federal reserve. the federal reserve was pushing back against the government spending that was pushing down. that showed up in the notes that they take from the meetings that that they don't over the last two years. the federal reserve is trying to dampen that down. when you have more spending, more men out there and things get bought up. supply and demand. it costs more. that's been inflation. that's the problem. >> neil: you said it there. a stunningly revealing interview. great job as always. edward lawrence following that in kentucky. meantime, following perhaps a bigger problem, the nation's number 1 concern among voters right now no matter where you go, that's what is happening at the border. for barack obama, it's more about who is getting through at that border, not the sheer number of got-aways, but the worrisome individuals among those got-away. what we're learning and what he's fearing next. i'm sarah escherich, i'm the life enrichment dire
that's what the federal reserve did their job.t spending was a head wind for the federal reserve. the federal reserve was pushing back against the government spending that was pushing down. that showed up in the notes that they take from the meetings that that they don't over the last two years. the federal reserve is trying to dampen that down. when you have more spending, more men out there and things get bought up. supply and demand. it costs more. that's been inflation. that's the problem....
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Mar 20, 2024
03/24
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rate cuts potentially 2:30 eastern former kansas city federal reserve president thomas hoenig here juneth to focus on you are watching "mornings with maria" live on fox business. ♪ me and my friends ♪ ♪ life is better with the credit gods are on your side. rewards once available to the few are now accessible to the many. credit one bank. get cash back rewards, and live large. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire her uncle's unhappy. matchin i'm sensing anription. underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we co
rate cuts potentially 2:30 eastern former kansas city federal reserve president thomas hoenig here juneth to focus on you are watching "mornings with maria" live on fox business. ♪ me and my friends ♪ ♪ life is better with the credit gods are on your side. rewards once available to the few are now accessible to the many. credit one bank. get cash back rewards, and live large. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need...
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Mar 20, 2024
03/24
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federal reserve has decided to keep interest rates on change, not to 23. yeah, high of a 5.25 percent federal reserve charge of impulse installation is still too high for signals. a central bank would count rates 3 times. they turn the yeah. have borrowing costs are designed to slow economic activities as low inflation, practical heading as more from washington dc, as absolutely no surprise here at the federal reserve, pretty much nobody thought that they were going to lower interest rates at this meeting. what they were looking at is what they were going to signal they were going to do for the rest of 2024. and that remains on change. they said they're probably going to have 3 more interest rates cuts. that would bring the interest rate to 4.6 percent. now there has been a change in what they see is inflation. the end of the year they, they increase what that's going to be to probably 2.6 percent. but it's important that they're only talking about core inflation that doesn't take into account the cost of fuel or the cost of food. and that is a much higher
federal reserve has decided to keep interest rates on change, not to 23. yeah, high of a 5.25 percent federal reserve charge of impulse installation is still too high for signals. a central bank would count rates 3 times. they turn the yeah. have borrowing costs are designed to slow economic activities as low inflation, practical heading as more from washington dc, as absolutely no surprise here at the federal reserve, pretty much nobody thought that they were going to lower interest rates at...
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Mar 9, 2024
03/24
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i think there's confusion stemming from the federal reserve act itself. last provision in 10-b that governs discount window lendin no reserve bank is obligated to provide a loan to a bank. and i think that dates from the era when there was not robust prudential supervision of banks around the time of the dpresmtion. the fed was worried about lending to weak banks. i think now, you know, we have much more robust supervision. yes there's opportunity for improvement, as tobias has noted. we have a strong fundamental system. i think we need to decide what are we doing with our lender of last resort tool? the weather gods and air traffic control allowed you to miss -- to make it. you missed the glowing introduction i gave you. tobias started out by saying the banks that failed in march 2023, failed in large part because of management. and then he went on to talk about supervision. i'm interested in your responses to susan but i want to ask a broader question first. as a banker, regional bank superregional bank what lessons do you think we should learn if the m
i think there's confusion stemming from the federal reserve act itself. last provision in 10-b that governs discount window lendin no reserve bank is obligated to provide a loan to a bank. and i think that dates from the era when there was not robust prudential supervision of banks around the time of the dpresmtion. the fed was worried about lending to weak banks. i think now, you know, we have much more robust supervision. yes there's opportunity for improvement, as tobias has noted. we have a...
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Mar 30, 2024
03/24
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chair powell: this is a virtue of our federated system. so we have 12 reserve banks.h reserve bank has its own economic staff, and they have traditions that they follow or do not follow, but in any case you sort of have a guaranteed institutional diversity of perspectives. institutionally guaranteed diversity of perspectives, people committed -- come in and they have different views. the fact that we were able to get a unanimous decision on something does not mean there were not different views. remember before the vote there was a lot of discussion that goes on to try to arrive at a plan that people can get behind. kai: let me go up on that. is it big to before you guys get in the room on tuesdays and wednesdays? chair powell: it is not fully baked. you do a lot to -- part of my job is to know what people think and to come to the committee was something that has really brought support, and that is part of the thing that i do, but we do have different perspectives, and that is really healthy. i was an investor for quite a while, and you know, when everyone agrees that
chair powell: this is a virtue of our federated system. so we have 12 reserve banks.h reserve bank has its own economic staff, and they have traditions that they follow or do not follow, but in any case you sort of have a guaranteed institutional diversity of perspectives. institutionally guaranteed diversity of perspectives, people committed -- come in and they have different views. the fact that we were able to get a unanimous decision on something does not mean there were not different...
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Mar 21, 2024
03/24
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the federal reserve is sufficiently restrictive.hen we look at the labor market we speak to economists as to what's happening with the labor market they point to the supply side is the reason to why things have cooled down a little bit. what do you think the fed has control over when they sit here and pretend we are sufficiently restrictive. iain: definitely supply-side has driven growth. inflation is coming down. we look at the employment picture it went from a very hot periods, it was cooling down. slowing rates, a reduction, reduction in openings. things are heading in that direction. i think the central banks are looking at it and it's happening to growth. we can maintain this if we are sort of cute around how we deal with this and some rate cuts will help that. >> june is a call for you if the data falls into place. can you ask plane with that actually looks like, is it 2.5%. i don't even know anymore? what is it? iain: you have to see them on a monthly basis. if we start seeing a whole list of .4 it's going to call that into q
the federal reserve is sufficiently restrictive.hen we look at the labor market we speak to economists as to what's happening with the labor market they point to the supply side is the reason to why things have cooled down a little bit. what do you think the fed has control over when they sit here and pretend we are sufficiently restrictive. iain: definitely supply-side has driven growth. inflation is coming down. we look at the employment picture it went from a very hot periods, it was cooling...
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Mar 20, 2024
03/24
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it's day two of the federal reserve's meeting of.ustrials are down about 18, nasdaq up 36, pretty good day yesterday. triple digit move the dow had yesterday, 320 points higher at 4:00 on wall street. up about almost 1% ahead of the federal reserve's rate decision and commentary today. interest rates are pulling back. the 10 year now at 4.28%. ahead of what we're expecting to be the fed holding interest rates steady and jay powell giving us some clarity on where the fed heads next. there's been a lot of warning signs and commentary about don't think that this is just a shoe-in. that the federal reserve is going to cut rates multiple times. that's what's been priced into the market, is that what you expect? >> i expect -- really we have a zero percent chance of an actual cut today. it could happen as a weird thing. i think we'll hear a similar tone to powell. that will be the data, data, data, and don't expect if we start to cut -- she was very clear, if we start to cut, don't expect that means you'll get two more cuts in a row. the m
it's day two of the federal reserve's meeting of.ustrials are down about 18, nasdaq up 36, pretty good day yesterday. triple digit move the dow had yesterday, 320 points higher at 4:00 on wall street. up about almost 1% ahead of the federal reserve's rate decision and commentary today. interest rates are pulling back. the 10 year now at 4.28%. ahead of what we're expecting to be the fed holding interest rates steady and jay powell giving us some clarity on where the fed heads next. there's been...
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Mar 11, 2024
03/24
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the federal reserve themselves would take it. if that is far as he will go, and if we can even characterize that as interference in central-bank independence -- lisa: cute. jonathan: equities on the s&p 500 negative by a third of 1%. in the bond market, you'll tire by two basis points on the 2-year. 10's not doing much. euro doing nothing this morning. 1.03 on the currency pair. we will catch up with david sowerby. aaron david miller on biden's redline for israel. the top story, the stock market rally ahead of the last bit of data before next week's decision. cpi, ppi, retail sales on deck this week. retail sales set to rebound, supporting the fed's no rush cut view. david sowerby of and car advisors joins us. i want to go straight to the equity markets and why you think we might be on the precipice of a downside here, maybe sizable salafi. david: in any calendar year, the average intrigue your selloff is about 14%. we have not seen one in at least nine months to a year. while i think the tone of companies is still quite positive
the federal reserve themselves would take it. if that is far as he will go, and if we can even characterize that as interference in central-bank independence -- lisa: cute. jonathan: equities on the s&p 500 negative by a third of 1%. in the bond market, you'll tire by two basis points on the 2-year. 10's not doing much. euro doing nothing this morning. 1.03 on the currency pair. we will catch up with david sowerby. aaron david miller on biden's redline for israel. the top story, the stock...
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Mar 8, 2024
03/24
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it's amazing to see the federal reserve has gone from zero to 5.5.do you think we achieved that in this economy. if i told this to you maybe a year ago saying unemployed will be much higher than 4%. 3.7%. how do we do this? lisa: where's the pain -- cameron: part of it is because of the fiscal spending and the support from the fiscal side of things. you tighten monetary policy but loosen fiscal policy keeps things resilient but it comes back to the sensitivity of short-term interest rates in this economy. we can contrast what happened in europe where there's a lot more sensitivity to short-term interest rates and yet growth has been much weaker and that's the key reason why this economy has held up so well. jonathan: ecb versus fed, ecb? cameron: the data already supports it. jonathan: about april now, did you hear that whisper? lisa: to your point why didn't they cut yesterday if they thought it would be that big. my question is why we not seeing more dollars strength. you've got europe saying we will cut first, we will cut aggressively. the fed --
it's amazing to see the federal reserve has gone from zero to 5.5.do you think we achieved that in this economy. if i told this to you maybe a year ago saying unemployed will be much higher than 4%. 3.7%. how do we do this? lisa: where's the pain -- cameron: part of it is because of the fiscal spending and the support from the fiscal side of things. you tighten monetary policy but loosen fiscal policy keeps things resilient but it comes back to the sensitivity of short-term interest rates in...
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Mar 20, 2024
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blaming the federal reserve.inting there could be a rate cut. listen. >> first, for homeowners, inflation keeps coming down, and it's predicted to do that. mortgage rates are going to come down as well. >> reporter: mortgage rates go with the interest rate cuts. some economists say the fed chairman cannot cut rates anytime soon. listen to this. >> you know, i wouldn't be cutting rates at all, to be honest. i'd let markets drive rates, i wouldn't drive them, you know? as i've talked about lots of time, the fed should be controlling its balance sheet and only its balance sheet, and it should be shrinking its balance sheet steadily, stably. >> reporter: the decision comes out at 2 p.m. today. we will also get the the federal reserve projections for if they see two, three rate cuts this year still. they're -- they've forecasted three, we'll see if that changes , and the projections for gdp as well as what else the economy is going to do towards the end of the year with. stuart: thank you, edward. we need an economist
blaming the federal reserve.inting there could be a rate cut. listen. >> first, for homeowners, inflation keeps coming down, and it's predicted to do that. mortgage rates are going to come down as well. >> reporter: mortgage rates go with the interest rate cuts. some economists say the fed chairman cannot cut rates anytime soon. listen to this. >> you know, i wouldn't be cutting rates at all, to be honest. i'd let markets drive rates, i wouldn't drive them, you know? as i've...
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Mar 1, 2024
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reserve �*s target. towards the federal reserve 's taruet. , ., , , . towards the federal reserve 's ., target. investors expect that to continue and _ target. investors expect that to continue and it _ target. investors expect that to continue and it is _ target. investors expect that to continue and it is filled - target. investors expect that to continue and it is filled in - target. investors expect that to | continue and it is filled in hopes of interest rate cuts this year. let's speak to fiona cincotta from city index. how much of this excitement is about potential of ai, and is there a risk that the optimism is overblown? thanks for having me. so, yes. there is a lot of optimism surrounding ai and what has been interesting as we come to the end of this earnings seasonis come to the end of this earnings season is that we have actually seen this ai optimism start to turn into facts and figures, and i think that is what is part of what has really been driving this rally as well. we just need to look back at nividia's earnings so notjust the just need to look back at nividia's ea
reserve �*s target. towards the federal reserve 's taruet. , ., , , . towards the federal reserve 's ., target. investors expect that to continue and _ target. investors expect that to continue and it _ target. investors expect that to continue and it is _ target. investors expect that to continue and it is filled - target. investors expect that to continue and it is filled in - target. investors expect that to | continue and it is filled in hopes of interest rate cuts this year. let's speak...