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☆ U.S. economy looks like 'mixed picture' despite resilience from consumer, says Citi's Nathan Sheets
▼ + stars: | 2024-05-10 | 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 EmailU.S. economy looks like 'mixed picture' despite resilience from consumer, says Citi's Nathan SheetsNathan Sheets, Citi global chief economist, joins 'Money Movers' to discuss what grounds Citi to their previous forecasts, consumers who seem more price-sensitive, and more.

Persons: Nathan Sheets Nathan Sheets Organizations: U.S, Citi

☆ Takeaways from blowout jobs report
▼ + stars: | 2024-04-05 | 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 EmailTakeaways from blowout jobs reportNathan Sheets, Citi global chief economist, joins ‘Money Movers' to discuss what the latest jobs report mean for the Fed, when can we expect rate cuts this year, and more.

Persons: Nathan Sheets Organizations: Citi

☆ Expect meaningful signs of slowing in the economy as the year progresses, says Citi's Nathan Sheets
▼ + stars: | 2024-03-01 | 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 EmailExpect meaningful signs of slowing in the economy as the year progresses, says Citi's Nathan SheetsNathan Sheets, Citi global chief economist, joins 'Squawk on the Street' to discuss what to expect from economic data this year, the biggest risk for the Federal Reserve, and more.

Persons: Nathan Sheets Nathan Sheets Organizations: Citi, Federal Reserve

REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsNEW YORK, Nov 17 (Reuters) - Rising U.S. government debt and fiscal deficits that have helped lift government bond yields this year will likely become secondary factors for investors, as their focus shifts to economic fundamentals, Citi analysts said. "Our baseline is that over time investors accept these fiscal risks as a fact of life and that ultimately it is not supply and demand that determine Treasury yields but it's more about the fundamentals of the economy," he said. Moody's, which last week lowered its outlook on U.S. credit, expects the government to continue to run wide fiscal deficits due to increased spending and higher debt interest payments. Some Fed officials have also said rising bond yields, which make access to credit more expensive, could be a substitute for increasing interest rates further. "There is going to be an extraction of higher yields from these investors," cautioned Mathai.

Persons: Shannon Stapleton, Fitch, Moody's, Nathan Sheets, Ray Dalio, Jabaz Mathai, Mathai, Davide Barbuscia, Ira Iosebashvili, Diane Craft Organizations: REUTERS, U.S, Citi, Office, Associates, CNBC, Treasury, Federal Reserve, Thomson Locations: New York City, U.S

☆ Inflation to dog world economy next year, postponing rate cuts: Reuters poll
▼ + stars: | 2023-10-27 | by ( Hari Kishan | ) www.reuters.com time to read: +4 min

Despite broad success in bringing inflation down from its highs - the easier bit - prices are still rising faster than most central banks would prefer and hitting their inflation targets is likely to be tough. The Reserve Bank of New Zealand, which often leads the interest rate cycle, was also forecast to wait until July-September 2024 before cutting. The majority backing no cuts until the second half of 2024 has also grown stronger for the Reserve Bank of Australia, Bank Indonesia and the Reserve Bank of India. Even the Bank of Japan, the outlier sticking to ultra-loose policy through this entire round of inflation, is now expected to abandon negative interest rates next year. Crucially, most economists agree the first easing steps will not be the beginning of a rapid series of cuts.

Persons: Sarah Silbiger, Christine Lagarde, Douglas Porter, it's, Nathan Sheets, Hari Kishan, Ross Finley, Tomasz Janowski Organizations: El Progreso Market, Washington , D.C, REUTERS, Reuters, U.S . Federal Reserve, European Central Bank, ECB, Fed, BMO, Reserve Bank of New, Reserve Bank of Australia, Bank, Reserve Bank of India, Bank of Japan, Citi, Thomson Locations: Mount Pleasant, Washington ,, BENGALURU, Reserve Bank of New Zealand, Bank Indonesia, Bengaluru, Buenos Aires, Cairo, Istanbul, Johannesburg, London, Shanghai, Tokyo

☆ We're starting to see good spending pick up, says Citi's Nathan Sheets
▼ + stars: | 2023-10-20 | 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 EmailWe're starting to see good spending pick up, says Citi's Nathan SheetsLisa Shalett, Morgan Stanley Wealth Management CIO, and Nathan Sheets, Citi Global chief economist, join 'Squawk on the Street' to discuss the current economic outlook, what Treasury yield levels mean for the markets, and more.

Persons: Nathan Sheets Lisa Shalett, Morgan, Nathan Sheets Organizations: Morgan Stanley Wealth Management, Citi Global, Treasury

☆ September CPI showed Fed still has work to do, says Citi's Nathan Sheets
▼ + stars: | 2023-10-13 | 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 EmailSeptember CPI showed Fed still has work to do, says Citi's Nathan SheetsNathan Sheets, Citi Global chief economist, joins 'Squawk on the Street' to discuss the Federal Reserve's interpretation of the September CPI report, how the categories of inflation will play out, and more.

Persons: Nathan Sheets Nathan Sheets Organizations: Fed, Citi Global

☆ We expect a recession in the first half of next year, Citi's Nathan Sheets
▼ + stars: | 2023-08-31 | 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 EmailWe expect a recession in the first half of next year, Citi's Nathan SheetsNathan Sheets, Citi Global chief economist, joins 'Squawk on the Street' to discuss his call for the economy going forward, what would be the more significant mistake for the Federal Reserve, and more.

Persons: Citi's Nathan Sheets Nathan Sheets Organizations: Citi Global, Federal Reserve

"The economy is a global economy, right? Yet Fed officials remain puzzled, and somewhat concerned, over conflicting signals in the incoming data. But gross domestic product is still expanding at a pace well above what Fed officials regard as the non-inflationary growth rate of around 1.8%. Difficulties in China, meanwhile, may drag down global growth the longer they fester. Its slowdown after a short-lived growth burst earlier this year could pinch Germany's exports and slow Europe's growth, for instance.

Persons: Jerome Powell, Christine Lagarde, Kazuo Ueda, Ann Saphir, JACKSON, Jackson, Pierre, Olivier Gourinchas, Loretta Mester, Mester, Lagarde, Biden, Nathan Sheets, Powell, Gourinchas, Howard Schneider, Dan Burns, Andrea Ricci Organizations: European Central Bank, Bank of Japan, Kansas City Federal, REUTERS, Federal, U.S, Monetary Fund, Cleveland Fed, Reuters, Citigroup, Consumer, Thomson Locations: Jackson Hole , Wyoming, U.S, , Wyoming, Brazil, Chile, China, Ukraine

☆ We're seeing a desynchronized global outlook, says Citi's Nathan Sheets
▼ + stars: | 2023-08-23 | 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 EmailWe're seeing a desynchronized global outlook, says Citi's Nathan SheetsAndres Garcia-Amaya, Zoe Financial CEO, and Nathan Sheets, Nathan Sheets, Citi Global chief economist, join 'The Exchange' to discuss the current global economic standings, the investing implications, and important questions for U.S. consumers.

Persons: Nathan Sheets Andres Garcia, Amaya, Zoe, Nathan Sheets Organizations: Citi Global

☆ We expect the Fed to hike 25 basis points at June meeting, says Citi's Nathan Sheets
▼ + stars: | 2023-05-30 | 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 EmailWe expect the Fed to hike 25 basis points at June meeting, says Citi's Nathan SheetsNathan Sheets, Global Chief Economist at Citi, joins 'Squawk Box' to discuss the impact of debt ceiling deal on markets, the Fed's rate hike campaign, and more.

☆ The US may be headed for a credit crunch that could deepen a looming recession, Citi global chief economist says
▼ + stars: | 2023-04-21 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Citi's Nathan Sheets says the US may be headed for a credit crunch. Such a scenario could deepen an economic downturn and ensure a more prolonged recession. Tightened lending standards are a "very significant wild card [with] a downside risk that we are very, very focused on." Sheets says that this, along with a slew of bank failures last month, will not only tighten lending standards but also ensure a prolonged economic downtown. Sheets added: "And as a result of that process, we believe that there could be a credit crunch in the economy.

☆ Watch CNBC's full interview with Citi's Nathan Sheets
▼ + stars: | 2023-04-20 | 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 Citi's Nathan SheetsNathan Sheets, Citi Global chief economist, joins 'Squawk on the Street' to discuss how much of the global economic resilience is about China, whether the economic strength means more rate increases from the Federal Reserve, and more.

☆ There could be a credit crunch coming, says Citi's Nathan Sheets
▼ + stars: | 2023-04-20 | 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 EmailThere could be a credit crunch coming, says Citi's Nathan SheetsNathan Sheets, Citi Global chief economist, joins 'Squawk on the Street' to discuss how much of the global economic resilience is about China, whether the economic strength means more rate increases from the Federal Reserve, and more.

☆ Tight labor market will push inflation higher, says Citi global chief economist
▼ + stars: | 2023-04-11 | 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 EmailTight labor market will push inflation higher, says Citi global chief economistNathan Sheets, Global Chief Economist at Citi, joins 'Squawk Box' to discuss the labor market, the latest wage trend, and more.

☆ First Republic's marginal gains keep stock close to record-low levels
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +1 min

March 23 (Reuters) - Shares of First Republic Bank (FRC.N) rose 5% on Thursday as they drew the attention of bargain-hunting retail investors, but still hovered near record-low levels on lingering fears about the future of the U.S. regional lender. The stock was the second most traded by retail punters in Wednesday's session and the fifth most popular trade by 10:00 a.m. First Republic's shares have lost nearly 90% of their value this month, the worst performing stock among the members of S&P 1500 regional banks index (.SPCOMBNKS), which has fallen 30.2% during the same period. Treasury Secretary Janet Yellen on Wednesday dashed all hopes that U.S. regulators would insure all consumer deposits through the end of the banking crisis, sending First Republic's stock down 15% on the day. Reporting by Medha Singh in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Citi's Nathan Sheets says inflation is hot enough that the Fed will continue to hike
▼ + stars: | 2023-03-17 | 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 EmailCiti's Nathan Sheets says inflation is hot enough that the Fed will continue to hikeNathan Sheets, Citi Global chief economist, joins 'Squawk on the Street' to discuss the Fed's next moves.

☆ We are seeing an extraordinarily resilient global economy, says Citi's Nathan Sheets
▼ + stars: | 2023-02-22 | 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 EmailWe are seeing an extraordinarily resilient global economy, says Citi's Nathan SheetsNathan Sheets, Citi Global chief economist, joins 'Squawk on the Street' to discuss his call of a 'less hard' landing.

☆ Citigroup expects 'less hard' landing for global economy this year
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

Feb 22 (Reuters) - Citigroup economists on Wednesday raised their global growth forecast slightly and see a "less hard" landing but still expect the world's economy to grow at the slowest pace in 40 years. The Wall Street brokerage now sees global growth slowing this year to about 2.2%, 0.25% higher than their previous estimate due to improving macroeconomic trends, it said in a note by economists led by Nathan Sheets. "By our reckoning, global headline inflation is still running somewhere in the 6-7% range, well above central bank targets," Sheets said. But after more macroeconomic data pointed to sticky inflation, central banks including the Fed signalled more rate hikes. "It appears that 2023 will be the year when the effects of that hiking cycle more fully play through," Citigroup added.

Fed Chair Jerome Powell is scheduled to hold a news conference half an hour later to elaborate on the decision. Caught flat-footed last year as inflation accelerated and threatened to prove far more persistent than anticipated, the Fed approved the fastest interest rate hikes since the 1980s. New data last week showed a key inflation measure slowed faster than expected in December, continuing a six-month downward trend. The expected move to 25-basis-point rate increases will be a "hawkish downshift," BNP Paribas economists wrote ahead of this week's policy meeting. Traders of futures that settle to the Fed's policy rate see the path somewhat differently, with the benchmark rate peaking in the 4.75%-5.00% range, and the central bank cutting that rate to around 4.4% by December.

☆ Citi expects global growth to slow below 2% in 2023
▼ + stars: | 2022-11-30 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - Citigroup on Wednesday forecast global growth to slow to below 2% next year, echoing similar projections by major financial institutions such as Goldman Sachs, Barclays, and J.P. Morgan. "We see global performance as likely (being) plagued by 'rolling' country-level recessions through the year ahead," said Citi strategists, led by Nathan Sheets. While the Wall-Street investment bank expects the U.S. economy to grow 1.9% this year, it is seen more than halving to 0.7% in 2023. For 2023, Citi projects UK and euro area to contract 1.5% and 0.4%, respectively. In China, the brokerage expects the government to soften its zero-COVID policy, which is seen driving a 5.6% growth in gross domestic product next year.

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