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☆ Charles Schwab's Kathy Jones: People will probably spend as long as job growth remains healthy
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharles Schwab's Kathy Jones: People will probably spend as long as job growth remains healthyKathy Jones, Charles Schwab chief fixed income strategist, joins 'Squawk Box' to discuss her expectations from the Fed, why she believes job growth would slow down later, and more.

Persons: Charles Schwab's Kathy Jones, Kathy Jones, Charles Schwab

☆ Charles Schwab's Kathy Jones: Bracing for potentially hawkish Fed meeting this week
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharles Schwab's Kathy Jones: Bracing for potentially hawkish Fed meeting this weekKathy Jones, Charles Schwab chief fixed income strategist, joins 'Money Movers' to discuss why investors should prep for a hawkish meeting from the Federal Reserve, whether the inflationary downtrend is still intact, and where the opportunity in fixed income exists.

Persons: Charles Schwab's Kathy Jones, Kathy Jones, Charles Schwab Organizations: Federal Reserve

Wholesale inflation fell by 0.1% in December, capping a year in which the rate of price increases dropped sharply, according to a report from the Labor Department released on Friday. The producer price index for all of 2023 came in at 1% compared to 6.4% in 2022. No indication of inflation at the wholesale level,” Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, posted on social media. A lot will depend on how the economy performs this year after putting in a strong performance in 2023. Wages are increasing and now running higher than the level of inflation, giving support to consumer spending.

Persons: ” Kathy Jones, ”, Jeffrey Roach, ” “, Jared Cohen, Goldman Sachs, Ian Bremmer, Jamie Dimon, JPMorgan Chase, Dimon, ” Dimon Organizations: Labor Department, PPI, Schwab Center, Financial Research, Federal, LPL Financial, BCA Research, Fed, U.S, Global Affairs, Goldman, Eurasia Group, GZERO Media, JPMorgan Locations: Red, Iranian, Asia, U.S, Ukraine

☆ Bond yields will come down from their fever pitch in 2024. How to prepare your portfolio
▼ + stars: | 2023-12-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Expect to work a little harder for those fixed income returns in the new year. As a result, it may be time to start unwinding those big cash positions and adopt a longer-term mentality for fixed income investments. A runup in bond yields is accompanied by a decline in prices, and the two move inversely to one another. The sector "remains well positioned to maintain its high credit quality, driven by solid state credit quality and strong state financial support, despite soft enrollment trends," analyst Kathleen McNamara wrote last week. Consider dollar cost averaging into those longer-dated positions, incrementally building up exposure to intermediate duration bonds.

Persons: Jerome Powell, it's, Kathy Jones, Shannon Saccocia, Jones, Nicholos Venditti, Kathleen McNamara, Schwab's Jones, Barry McAlinden, Michael Bloom Organizations: Schwab Center, Financial Research, Bond, SEC, Muni Bond ETF, Allspring Global Investments, UBS

Both are yet another indication that inflation has moderated from its pace of last year when consumer inflation was running at a 9.1% annual rate. “After fears of "sticky" and "persistent" inflation, the month to month slowing in the core pce readings is encouraging. Core pce has risen by 0.3% or less for 8 consecutive months. Political Cartoons on Inflation View All 19 Images"This report hit the trifecta,” said Navy Federal Credit Union corporate economist Robert Frick. “During October, mortgage rates were at their highest, and contract signings for existing homes were at their lowest in more than 20 years,” said Lawrence Yun, NAR chief economist.

Persons: ” Kathy Jones, ”, Robert Frick, “, Zumper, Lawrence Yun, Curt Long Organizations: Federal Reserve, pce, Schwab Center, Financial Research, Federal Credit Union, National Association of Realtors, NAR, Fed, Labor, National Association of Federal Credit Unions, Dow Jones Industrial Locations: “

☆ Here's what it would take for the Fed to start slashing interest rates in 2024
▼ + stars: | 2023-11-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

"In a different cycle, when inflation hadn't spiked so much, I think the Fed would have been cutting rates already. "If the real fed funds rate continues to go higher as I expect it will, then you'd want to offset that through rate cuts. And the amount of rate cuts I think they're going to have to do is a relatively large amount." "I think there's a real risk of a hard landing if the Fed doesn't start cutting rates pretty soon," the head of Pershing Square Capital Management added. However, even some of the historically more dovish Fed officials aren't showing their hands on when they think cuts will come.

Persons: Valerie Plesch, Kathy Jones, Charles Schwab, Christopher Waller, Michelle Bowman, Waller, Bowman, Joseph LaVorgna, Donald Trump, Chris Marangi, Bill Ackman, Ackman, David Rubenstein, Raphael Bostic, Thomas Barkin Organizations: Eccles Federal, Bloomberg, Getty, Federal Reserve, Fed, Nikko Securities America, National Economic Council, CME Group, Stocks, Gabelli, Market, Pershing, Capital Management, Atlanta Federal Reserve, Richmond Locations: Washington , DC, Atlanta

“Participants generally noted a high degree of uncertainty surrounding the economic outlook,” the minutes noted. “FOMC minutes reinforced the ’wait and see’ policy stance was unanimous. Focus was on tightening in financial conditions and slowing in inflation and labor market. The central bank will meet on Dec. 12 for a two-day meeting of its monetary policy committee, but the markets are pricing in no increase in interest rates. “I’m expecting continued relief concerning inventory and mortgage rates as the Fed begins cutting rates in the first half of next year,” Torres says.

Persons: “, ” Kathy Jones, Jose Torres, “ I’m, ” Torres, Torres Organizations: Schwab Center, Financial Research, Fed, National Association of Realtors, Interactive

The monthly decline in the producer price index was the largest since April 2020, when the country was facing the shock of the COVID-19 pandemic. Excluding energy and food costs, the core index is now at 2.9% annualized, slightly above where it stood in September. Analysts had predicted a monthly drop of 0.1% and an annual rate of 1.9% for the overall index. It was the second reading in as many days that showed inflation receding closer to the Federal Reserve’s 2% annual target. The core index, leaving out energy and food costs, came in at 4%.

Persons: ” Kathy Jones, John Sedunov, ”, Jerome Powell, “, Wells, Dan North Organizations: of Labor Statistics, “, Analysts, Schwab Center, Financial Research, Dow Jones, Research, Villanova University, International Monetary Fund, Treasury, Census, North America, Allianz Trade, Consumers Locations: Washington, U.S

The economy added 150,00 jobs in October, suggesting a mild slowdown following September’s outsized gain, the Labor Department reported on Friday. Nonfarm payrolls comes in a bit light, downward revisions to previous 2 months and wage growth on the low end. On the margin it feels like it has softened up, but it's still a mighty hot job market,” says Steve Preston, CEO of Goodwill Industries. The Federal Reserve has been looking to the labor market for signs it has reached a better balance between supply and demand than a year ago. Chairman Jerome Powell noted that the labor market has remained strong even as interest rates have risen at a sharp pace over the past year.

Persons: ”, Noah Yosif, Nonfarm payrolls, ” Kathy Jones, it's, Steve Preston, ” Preston, Geno Cutolo, Scott Hamilton, ” Hamilton, Jerome Powell, “ We've Organizations: Labor Department, UKG, ”, Schwab Center, Financial Research, Goodwill Industries, Federal Reserve, Labor Locations: North America

Investors were handed an income opportunity they haven't seen in more than a decade when the 10-year Treasury yield climbed near 5% on Thursday. US10Y 5Y mountain 10-year Treasury A 5% yield on the 10-year is a good value, said Kathy Jones, Charles Schwab's chief fixed income strategist. A real yield is a bond's nominal yield minus inflation. "With the 10-year yield nearing 5%, it could be your sign to pick them up." There is also the Vanguard High Dividend Yield ETF (VYM) , which has lost 2.59% and charges 0.06% in fees.

Persons: Barry Glassman, Kathy Jones, Charles Schwab's, Callie Cox, Schwab's Jones, Amy Arnott, Morningstar, Arnott, Cox, John Croke ,, Jones, Morningstar's Arnott Organizations: Treasury, Wealth Services, LendingClub, Vanguard Locations: eToro

☆ Fed will start to pivot on rates in the second or third quarter of '24, says Charles Schwab's Jones
▼ + stars: | 2023-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed will start to pivot on rates in the second or third quarter of '24, says Charles Schwab's JonesKathy Jones, Charles Schwab chief fixed income strategist, joins 'Squawk on the Street' to discuss Jones' thoughts on the current bond cycle, whether the Federal Reserve feels like its mission accomplished on rates, and the current bottom line for bond investors.

Persons: Charles Schwab's Jones Kathy Jones, Charles Schwab, Jones Organizations: Federal Reserve

Job openings unexpectedly rose in August by 690,000 in a surprise that was led by a jump in demand for workers in business services, the Labor Department reported on Tuesday. Job openings rise to 9.6 mil from 8.8 mil last month. That means analysts will wait for other data on the job market out this week to see whether the job openings report is an anomaly. The job openings data lag the other labor market reports this week by a month. On Friday, the government will release its monthly jobs report for September with analysts looking for a continued moderation in the pace of growth in employment.

Persons: “, ” Kathy Jones, Charles Schwab, ”, Geno Cutolo, Mark Hamrick, ” Hamrick, Brij Khurana, Khurana Organizations: Labor Department, Charles, Charles Schwab Center, Financial Research, Federal, Wellington Management Locations: North America

The personal consumption expenditures price index increased 0.4% in August, slightly below estimates, while the yearly rise was 3.5%. But it was the core index that strips out food and energy prices coming in at 3.9%, its lowest reading since September of 2021, that is likely of most interest to the Fed. While goods prices have slowed considerably, costs in the services sector have proven harder to bring down, driven largely by housing prices. Looked at just over the past three months, the rate of core inflation has slowed markedly and is not far from the Fed’s 2% annual target. “PCE and core pce figures indicate continued inflation easing,” Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, commented on X.

Persons: “, ”, Carol Schleif, ” Kathy Jones, Andrew Patterson, Downside, ” Patterson Organizations: Federal Reserve, Labor Department, Fed, PCE, BMO Family Office, Schwab Center, Financial Research

☆ Why is the US dollar losing its shine?
▼ + stars: | 2023-07-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

CNN —The US dollar’s decline has gained speed this month as investors pare back their interest rate expectations. Last week, that helped lead the US Dollar Index, which tracks the dollar versus the British pound, euro, Swiss franc, Japanese yen, Canadian dollar and Swedish krona, to its lowest level in more than a year. The dollar’s decline could offer some support to tech earnings, further boosting those stocks and in turn the broader rally. Gold prices have risen over 6% this year, supported by sliding Treasury yields and a decline in the dollar. The Dow slips to snap 13-day rallyThe Dow Jones Industrial Average index fell Thursday, cutting short a historic 13-day streak of gains.

Persons: pare, ”, Kathy Jones, Charles Schwab, Jones, Seema Shah, “ It’s, Shah, Gold, Dow, Read, Barbie ”, “ Oppenheimer, Matt Egan, “ Barbie, “ Oppenheimer ” Organizations: CNN Business, Bell, CNN, Federal, Swiss, Canadian, Fed, Microsoft, Apple, Asset Management, Japan, European Central Bank, Dow Jones, Nasdaq, Bank of America, Warner Bros Locations: Swedish

☆ Here's what to expect from the Federal Reserve meeting Wednesday
▼ + stars: | 2023-07-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

WASHINGTON, DC - JUNE 21: Federal Reserve Chairman Jerome Powell testifies before the House Committee on Financial Services June 21, 2023 in Washington, D.C. Powell testified on the Federal Reserve’s Semi-Annual Monetary Policy Report during the hearing. Win Mcnamee | Getty Images News | Getty ImagesDespite an improving inflation picture, the Federal Reserve is expected on Wednesday to approve what would be the 11th interest rate increase since March 2022. That would push the upper boundary of the federal funds rate to its highest level since January 2001. But apparently the folks at the Fed think they need one more at least." Likewise, Steven Blitz, chief U.S. economist at Globaldata.TSLombard, said a "dovish hike and talk of soft landings" at Wednesday's meeting would be a mistake for the Fed.

Persons: Jerome Powell, Powell, Win Mcnamee, they've, Kathy Jones, Charles Schwab, Jones, —, haven't, Luke Tilley, that'll, " Tilley, I'm, Andrew Hollenhorst, Steven Blitz Organizations: Federal, Financial, Getty, Federal Reserve, Investors, Open Market, Dow Jones, Investment Advisors, Citigroup Locations: WASHINGTON, DC, Washington ,, Central, —, Wilmington, U.S

☆ Stock futures are little changed as investors look toward Friday jobs report: Live updates
▼ + stars: | 2023-07-06 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures were little changed Thursday evening, as investors refocused their attention on the upcoming June payrolls report and the implications for the Federal Reserve's policy stance. Futures tied to the Dow Jones Industrial Average and S&P 500 futures were flat. That figure far exceeded the 220,000 estimate from economists polled by Dow Jones. This week's main event for economic data looms ahead: the Labor Department's June payrolls report, which is due Friday morning. Economists polled by Dow Jones anticipate an increase of 240,000 positions, a cooldown from May's gain of 339,000 jobs.

Persons: Levi Strauss, Dow Jones, Stocks, Kathy Jones, Dow Organizations: Federal, Dow Jones Industrial, ADP, Treasury, Dow, Nasdaq, Labor, Traders, CME Group, Schwab Center, Financial Research

☆ Watch CNBC's full interview with Matt Higgins, Kathy Jones and Lindsey Bell
▼ + stars: | 2023-06-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Matt Higgins, Kathy Jones and Lindsey BellMatt Higgins, RSE Ventures co-founder & CEO, Kathy Jones, Charles Schwab chief fixed income strategist, Lindsey Bell, 248 Ventures chief strategist, join 'Last Call' to discuss the state of the consumer and a possible softening in the economy this summer.

Persons: Matt Higgins, Kathy Jones, Lindsey Bell Matt Higgins, Charles Schwab, Lindsey Bell Organizations: RSE Ventures, Ventures

☆ Student loan repayment will be 'first domino' in economic slowdown, says RSE's Matt Higgins
▼ + stars: | 2023-06-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStudent loan repayment will be 'first domino' in economic slowdown, says RSE's Matt HigginsMatt Higgins, RSE Ventures co-founder & CEO, Kathy Jones, Charles Schwab chief fixed income strategist, Lindsey Bell, 248 Ventures chief strategist, join 'Last Call' to discuss the state of the consumer and a possible softening in the economy this summer.

Persons: RSE's Matt Higgins Matt Higgins, Kathy Jones, Charles Schwab, Lindsey Bell Organizations: RSE Ventures, Ventures

☆ Washington is at an impasse on the debt ceiling. Here’s what that might mean for your portfolio
▼ + stars: | 2023-05-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Income-focused investors seeking yield and safety in Treasury bills are likely nervous as debt ceiling rhetoric heats up in Washington, but they should take a breather before they dump these assets. In the short-term Treasury market, investors are already showing some signs of anxiety. In that case, holders of short-term T-bills could see declines in their portfolio values as yields spike, he added. Review your holdings Now could be a good time to review your bond holdings, particularly the short-term T-bills that are seeing a big jump in yields. But the longer-term advice is to snap up longer-dated bonds to prepare for the day the Federal Reserve starts to dial back its tight monetary policy.

Persons: Joe Biden, Biden, Kevin McCarthy, Hakeem Jeffries, Janet Yellen, Yellen, Kathy Jones, Gustavo Schwenkler, Jones, Thomas McLoughlin, McLoughlin, Christine Benz, Jamie Hopkins, — CNBC's Michael Bloom Organizations: Treasury, Schwab Center, Financial Research, Santa Clara University Leavey School of Business, Federal Reserve, UBS, Morningstar, Carson Group Locations: Washington, D, U.S

☆ Insana: Signs of slowing inflation emerge, and the Fed now risks doing too much
▼ + stars: | 2022-12-23 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

Certainly, Friday's inflation data, included in the personal income and spending report, showed a marked deceleration in so-called personal consumption expenditure inflation. Over the past five months, many measures of inflation have fallen more quickly than forecast, including those most closely watched by the Federal Reserve. It now risks doing too much and pushing the U.S. economy into an entirely unnecessary recession next year. That comes at a time when seasonal and historical patterns — like the presidential cycle — favor a positive stock market performance in 2023. First, as was the case in 2021, U.S. population growth was abysmal this year, rising only 0.4%, according to the U.S. Census Bureau.

☆ The Fed will raise rates again. But it’s playing with fire
▼ + stars: | 2022-12-11 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

New York CNN —The Federal Reserve is all but guaranteed to announce Wednesday that it will once again raise interest rates. The Fed bumped up rates by three-quarters of a percentage point in the past four meetings (June, July, September and November). The more widely watched Consumer Price Index data for November comes out Tuesday, just a day before the Fed announcement. Jones still thinks the Fed will raise rates by only half a point this week and may look to hike them just a quarter point in early 2023. It seems likely that the Fed will cut its GDP target and raise its expectations for the jobless rate and consumer prices.

☆ The November jobs report and the Fed matter most to markets in the week ahead
▼ + stars: | 2022-11-25 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

November's jobs report is the big event for markets in the week ahead, and it could provide important insight into the path of Federal Reserve interest rate hikes. The labor market has cooled only slightly, as other parts of the economy have slowed. But the labor market has been more resilient than expected, challenging the Fed's efforts to tame inflation by slowing economic activity. Besides the jobs report, there is the Job Openings and Labor Turnover Survey (JOLTS) report Wednesday, as well as the Fed's beige book on economic activity. "Holding above 4,000, as we await the jobs report and those other economic reports would be constructive for one more move before Christmas," he said.

☆ These are the assets investors are turning to for protection in the market's latest rout
▼ + stars: | 2022-09-18 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

This year's market volatility has left investors few places to hide, weighing on stocks and bonds. For those who adhere to a traditional portfolio structure of 60% stocks and 40% bonds, the year has been painful. Treasury bonds Even though bonds haven't performed well year to date, there is still reason to buy Treasurys going forward. First, short-term U.S. Treasury bonds can be used to offset interest rate risk in one's portfolio. Snapping up those longer-dated Treasury bonds may be a good idea to lock in rates while they're relatively cheap, according to Jones.

☆ As Treasury yields spike, short-duration ETFs are beating the market and raking in cash
▼ + stars: | 2022-09-18 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

The JPMorgan Ultra-Short Income ETF ha s pulled in more than $3.5 billion of new money this year. AllianceBernstein launched its first ETFs last Wednesday, including the AB Ultra Short Income ETF , a fund that invests in debt with less than one year to maturity. An inverted yield curve refers to short-term yields that are higher than longer-dated yields. The combination of quickly rising interest rates and an inverted yield curve creates a couple of benefits for short-duration funds. AllianceBernstein's municipal ETF has a management fee of 0.27%, while the fee on the ultra short income fund stands at 0.25%.

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