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Apr 10, 2024
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rafael bostic says he sees just one u.s.-made that this year. apple says it made $14 billion worth of iphones in india, double and production as the tech giant accelerates its private away from china. good morning and it is cautioned in the markets this morning as we await that inflation print. traders impatient for rate cuts and have already had to contend with two cpr reports this year. we have another thorn in their side. the stock were waiting for this report. you had the s&p 500 dipping. nvidia leading the losses. closing just above it. if we flip the board over to the cross as a picture, we are not expecting too much movement on treasuries as we wait for the cpi report triggering fireworks in the markets. but you did have treasuries climbing. while below that 4.5% level. 4.35% is where we are currently. the dollar pretty steady. brent back below $90 a barrel. holding the two day decline because on the one hand you had this industry report pointing to a gain in u.s. stockpiles. then you have geopolitical tensions in the middle east cap in t
rafael bostic says he sees just one u.s.-made that this year. apple says it made $14 billion worth of iphones in india, double and production as the tech giant accelerates its private away from china. good morning and it is cautioned in the markets this morning as we await that inflation print. traders impatient for rate cuts and have already had to contend with two cpr reports this year. we have another thorn in their side. the stock were waiting for this report. you had the s&p 500...
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Apr 19, 2024
04/24
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the rafael bostic, the president of the atlanta fed, explained explained why to our editor.e that i expect the us economy to be strong, to continue to be strong but not quite this strong. it is much stronger and resilient and i've had expected. the one thing that i would add on this is that inflation is still higher than i would like and we need to get inflation all the way down to 2% target. i'm comfortable to taking a little longer for inflation to come all the way down, if we were doing to create a lot ofjobs and i'm not in a rush to get to 2%. the thing that i have to make sure that the economy doesn't start to move in the other direction so that inflationary pressures move up and we start to move away from our target but that's not what i'm seeing now. and so, i'm just going to stay vigilant and make sure that if that does happen, we are ready to act. but in terms ofjobs created, those numbers keep on shocking also, is this the result of what the us government has been doing in sort of pumping the economy? this combination of things that have all added up to much more r
the rafael bostic, the president of the atlanta fed, explained explained why to our editor.e that i expect the us economy to be strong, to continue to be strong but not quite this strong. it is much stronger and resilient and i've had expected. the one thing that i would add on this is that inflation is still higher than i would like and we need to get inflation all the way down to 2% target. i'm comfortable to taking a little longer for inflation to come all the way down, if we were doing to...
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Apr 19, 2024
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rafael bostic, the president of the atlanta fed, said the "much stronger" than expected us economy ands rate cuts have hit world markets in recent days. 0ur economics editor faisal islam sat down with mr bostic ahead of the international monetary fund's spring meeting here in washington i have been saying for a long time that i expect the us economy to be strong, to continue to be strong, but not quite this strong. it's much more strong and resilient than i expected. the one thing i would add on this is that inflation is still higher than i would like. we need to get inflation all the way down. i am comfortable with it taking a little longer for inflation to come all the way down if we are continuing to create a lot of jobs. so i am not in a rush to get to 2%. the thing i have to make sure of is the economy doesn't move and the other direction, so we can start to move away —— so we start to move away —— so we start to move away —— so we start to move away from her target. i'm going to stay vigilant and make sure if that does happen we are ready to act. in terms ofjobs created, those nu
rafael bostic, the president of the atlanta fed, said the "much stronger" than expected us economy ands rate cuts have hit world markets in recent days. 0ur economics editor faisal islam sat down with mr bostic ahead of the international monetary fund's spring meeting here in washington i have been saying for a long time that i expect the us economy to be strong, to continue to be strong, but not quite this strong. it's much more strong and resilient than i expected. the one thing i...
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Apr 19, 2024
04/24
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haidi: that was rafael bostic and jonathan gray on rate policy, one of the key drivers. fed speak telling us fed is not likely to cut rates. chance that we see a hike if inflation continues to be present. that impacts growth stocks. tech under pressure. you are seeing tech leading the drop for equities. nikkei is down 2%. we are tracking the currency reaction to a strong dollar playing out in the yen. en versus the greenback, you are overbought but trading above 75, it really plays into the story of yield divergence, but between the fed and the boj, the question is what is the path ahead for the bank of japan? inflation figures play into that and we had cpi easing in march, but still above the central bank inflation target. let's get more with a sure economy editor brian fowler. what is your take away from the numbers earlier? brian: keyword is divergence, so in japan we had inflation slower than expected but we don't think it will derail hiking rates. next week the boj meets and policymakers are expected to stand pat and revise their forecasted cpi and introduce new for
haidi: that was rafael bostic and jonathan gray on rate policy, one of the key drivers. fed speak telling us fed is not likely to cut rates. chance that we see a hike if inflation continues to be present. that impacts growth stocks. tech under pressure. you are seeing tech leading the drop for equities. nikkei is down 2%. we are tracking the currency reaction to a strong dollar playing out in the yen. en versus the greenback, you are overbought but trading above 75, it really plays into the...
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Apr 4, 2024
04/24
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this diversion within the fomc going from even the most average people like rafael bostic, reiterating that we may only see one cut in all of 2024, while some of his peers just 24 hours ago saying three are still on the radar. there is a massive difference in terms of the readthrough, that's why the best way to interpret this is what you see in the bond market. look at the 10-year yield, 4.36 right now. if we pull out an intraday chart, take my word, it's very choppy trade which shows the market doesn't know who to listen to. it doesn't know where the consensus is coming from because the wage data is all over the place because of the inflation data. we don't know if the bump that we saw, the mom higher in the last couple months, and it has been two to three month of hot data. is that just a temporary bump or is that something indicative of inflation going off the rails? lizzy: to july or beyond, when to cut first, did powell make clear which data he is looking at to make that decision? kriti: he is sticking with wage data, the labor market is too soft, the pce numbers. he didn't veer t
this diversion within the fomc going from even the most average people like rafael bostic, reiterating that we may only see one cut in all of 2024, while some of his peers just 24 hours ago saying three are still on the radar. there is a massive difference in terms of the readthrough, that's why the best way to interpret this is what you see in the bond market. look at the 10-year yield, 4.36 right now. if we pull out an intraday chart, take my word, it's very choppy trade which shows the...
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rafael bostic said no cut until the fourth quarter. that means, november, december.es. larry: waller is in the camp. very good judge. senator hagerty, always a pleasure, thanks so much to both of you. coming up here on "kudlow," tammy bruce, rich lowery, why selling bibles is not only godly but it is patriotic as well. stick with "kudlow." you will love this. ♪ uuu, this looks romantic. [bell sounds] welcome, i'm your host, jacob. hi. how was the weather getting up here? fine but, you know, i think we're, we're just going to go up to bed and— do you believe in ghosts? [whistling kettle sound] no? good! mother is buried in the yard. meanwhile, at a vrbo... when other vacation rentals have no privacy, try one that has no one but you. choose advil liqui-gels for faster, stronger and longer-lasting relief than tylenol rapid release gels because advil targets pain at the source of inflammation. so for faster pain relief, advil the pain away. we all know that words have power. they set things in motion and make us happy or sad. but there's one word that stands out, because
rafael bostic said no cut until the fourth quarter. that means, november, december.es. larry: waller is in the camp. very good judge. senator hagerty, always a pleasure, thanks so much to both of you. coming up here on "kudlow," tammy bruce, rich lowery, why selling bibles is not only godly but it is patriotic as well. stick with "kudlow." you will love this. ♪ uuu, this looks romantic. [bell sounds] welcome, i'm your host, jacob. hi. how was the weather getting up here?...
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Apr 10, 2024
04/24
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even rafael bostic maybe we'll only cut once this year.officials really having that flexibility and there is a line in the minutes, participants agreed, however, that monetary policy remained well-positioned to respond to evolving economic conditions and risks to the outlook including the possibility of maintaining the current restrictive policy stance for longer should the disinflation process slow. they go on to say or reducing policy restraint in the event of unexpected weakness. that is not where we are. we're in the should, should prices stay higher for longer? we're okay leaving rates higher for longer which is really what they were telling us all last year as well. charles: again, listen, everyone got excited when the fed said, okay, three rate cuts next year. where, are we going to get any rate cuts this year at this pace? >> it's tough. let's remember that the pce numbers and the cpi numbers are different. they're calculated slightly differently. charles: sure. >> and we are expecting them to see a 2.6 handle on pce. that's their
even rafael bostic maybe we'll only cut once this year.officials really having that flexibility and there is a line in the minutes, participants agreed, however, that monetary policy remained well-positioned to respond to evolving economic conditions and risks to the outlook including the possibility of maintaining the current restrictive policy stance for longer should the disinflation process slow. they go on to say or reducing policy restraint in the event of unexpected weakness. that is not...
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Apr 3, 2024
04/24
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and rafael bostic. a lot more coming up on "squawk box" after this. (sirens) [due at target in 5!]the alley. network's got you covered. [please confirm requesting back-up.] -changing route. -go. roadblock ahead. ...back up, back up... reverse! reverse! next level moments, we're 30 seconds out. need the next level network. [north corridor, hurry!] -coming through! -or 3, let's go. the network more businesses choose. transplant received. at&t business. >>> all right, for the latest on the disney board room battle, we want to bring in michael nathanson, founding partner and senior research analyst. michael, the word is, at least according to sources close to this that disney has the votes it needs. those votes can change. it is going to be close either way. what is the -- what does tomorrow look like for disney? >> i think tomorrow looks like a bit happier day for disney's management, but they have to basically do what they're doing today and the day before, they have to talk about profitability and focus on improving their content cycle. i think if that's true, they'll be happy, beca
and rafael bostic. a lot more coming up on "squawk box" after this. (sirens) [due at target in 5!]the alley. network's got you covered. [please confirm requesting back-up.] -changing route. -go. roadblock ahead. ...back up, back up... reverse! reverse! next level moments, we're 30 seconds out. need the next level network. [north corridor, hurry!] -coming through! -or 3, let's go. the network more businesses choose. transplant received. at&t business. >>> all right, for...