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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed 'shouldn't be using forward guidance,' says Ironsides Macroeconomics' Barry KnappBarry Knapp, director of research at Ironsides Macroeconomics, Paul McCulley, former PIMCO chief economist, and CNBC's Steve Liesman join 'The Exchange' to share outlooks on the Fed's rate stance.
Persons: Barry Knapp Barry Knapp, Paul McCulley, Steve Liesman
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCPI data very consistent with Fed easing rates in June, says former PIMCO chief economistPaul McCulley, former PIMCO chief economist and Georgetown University adjunct professor, joins 'Squawk on the Street' to discuss what the CPI report means for the Fed's next meeting, what would give the Fed more comfort to cut rates in June, and mo
Persons: Paul McCulley Organizations: Georgetown University
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo urgency from Fed Chair Powell when it comes to easing interest rates, says Paul McCulleyPaul McCulley, Former Chief Economist at PIMCO, joins 'Fast Money' to talk Fed Chair Powells testimony on Capitol Hill today and the main takeaways from it.
Persons: Powell, Paul McCulley Paul McCulley Organizations: Capitol
Georgetown's Paul McCulley reacts to January's CPI report
  + stars: | 2024-02-13 | 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 EmailGeorgetown's Paul McCulley reacts to January's CPI reportPaul McCulley, former PIMCO chief economist, joins 'Squawk on the Street' to discuss the latest inflation data to cross the tape and more.
Persons: Paul McCulley
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is no urgency for the Fed to ease, says former PIMCO chief economistPaul McCulley, former PIMCO chief economist, joins 'The Exchange' to discuss the timeline for rate cuts, Fed Chair Powell's strategy, and more.
Persons: Paul McCulley
But that's a tricky situation for investors, as cuts would likely come in response to a slowing economy. Rate cuts aren't inherently bullish and signs emerging that the economy is slowing into year-end. AdvertisementMarkets are cheering the possibility the Federal Reserve could begin slashing interest rates next year, but rate cuts are a double-edged sword, Wall Street experts are warning, because of what the move would signal about the broader economy. But rate cuts may not be the decidedly bullish catalyst markets are hoping for. AdvertisementMarkets have been eyeing a Fed rate cut to trigger a bullish rally in stocks.
Persons: , we've, Paul McCulley, Chris Grisanti, We're, Claudia Sahm Organizations: Service, Reserve, Fed, CNBC, Mai Capital Management, Deutsche Bank, UBS, Atlanta Fed
It's a sign the dream economic scenario – where the Fed reins in inflation without crushing growth or driving up unemployment – is still on the table. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . After a difficult few months, there are signs the central bank's dream economic scenario is back on the table once again. The dream economic scenarioSome big-name investors sounded cautious in their responses to the latest data, warning that inflation may prove stickier than expected. Some might call this a "Goldilocks" scenario – where inflation, growth, and the job market all look "just right".
Persons: Stocks, , PIMCO, Paul McCulley, Jamie Dimon, Ken Griffin, Matt Turner, Taylor, it's Organizations: Service, Bank of America, Federal Reserve, Reuters, Nasdaq, JPMorgan, Citadel, optimist, country's Locations:
2023: The year of chasing yield Investors historically chase after stock performance, but 2023 has been the year of chasing after yield performance. This year, the combined assets under management at money market funds grew to a record $6 trillion. There have been large inflows into short-term Treasury funds like the Vanguard Short-Term Treasury ETF (VGSH) and, surprisingly, even into long-term Treasury ETFs like the iShares 20+Year Treasury Bond ETF (TLT). Still, some think a large chunk of the money in short-term Treasuries and money markets is "scared money" and will be "sticky." Those institutional investors "Don't want any money in cash because it will lag behind the stock market," he told me.
Persons: Paul McCulley, they're, Mark Lehman, Eric Balchunas, Jeff Seyffart, Alec Young, Steve Sosnick, Jim Besaw, Besaw, Mike O'Rourke, JonesTrading, Matt Maley, Miller Tabak, Chris Murphy Organizations: Federal, CNBC, Citizens JMP Securities, Treasury, Treasury Bond ETF, Bloomberg, Schwab Money Fund, MapSignals, Interactive Brokers, Gentrust, UBS Locations: Susquehanna
The Fed's next rate move will be to cut rates, former PIMCO chief economist Paul McCulley said. Some forecasters say the Fed will slash interest rates by nearly three percentage points next year. Most significant is the "crack" in shelter inflation, McCulley said, which rose 6.7% year-over-year in October. AdvertisementInvestors will debate over when the Fed will cut rates, he added, though most are expecting the first rate cut to happen sometime next year. Some economists, though, have cautioned that the Fed risks easing interest rates prematurely, which could eventually lead to a resurgence in inflation down the line.
Persons: Paul McCulley, McCulley, , That's, we've, Mohamed El Organizations: Service, CNBC, UBS, Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCPI report a gamechanger with crack in shelter component of inflation, says former PIMCO economistPaul McCulley, former PIMCO chief economist, joins 'Squawk on the Street' to discuss the latest CPI report, the Federal Reserve's read on the inflation data, and more.
Persons: Paul McCulley Organizations: CPI
More remote work opportunities are credited for helping women with young children get jobs. AdvertisementAdvertisementAdditionally, the Wells Fargo economists also identified women with young children as a new strength for the job market. This surge in employment, particularly among mothers with young children, has played a significant role in boosting the economy. To be sure, this level of workforce participation could drop in the coming months as childcare opportunities become harder to find. Drew Angerer/Getty ImagesThe robust labor market has helped boost the economy despite inflation still above the Federal Reserve's 2.0% target.
Persons: , Wells Fargo, Jobs, Janet Yellen, Drew Angerer, Daniel Greenhaus, Greenhaus, Paul McCulley, McCulley Organizations: Service, Wells, Brookings, US, U.S . Treasury, Federal, payrolls, Bloomberg, Georgetown's School of Business Locations: Wells, Wells Fargo, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Paul McCulley, Subadra Rajappa, and Nancy TenglerPaul McCulley, former PIMCO chief economist, Subadra Rajappa, Societe Generale head of U.S. rates strategy, and Nancy Tengler, CEO & CIO of Laffer Tengler Investments, join 'The Exchange' to discuss fed Fed policy producing a gradual decline in inflation, the manufacturing recession spilling into services, the contrast between Fed and fiscal policy.
Persons: Paul McCulley, Subadra Rajappa, Nancy Tengler Paul McCulley, Subadra, Nancy Tengler Organizations: Societe Generale, Laffer, Investments, Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Atlanta Fed President Dennis Lockhart: Powell will keep his options open on rate hikesFormer Atlanta Fed President Dennis Lockhart and Paul McCulley, former PIMCO chief economist, join 'Power Lunch' to discuss the Fed's decision on rate hikes and more.
Persons: Dennis Lockhart, Powell, Paul McCulley Organizations: Former Atlanta Fed, Atlanta Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's still a 50% chance of a December rate hike, says Morgan Stanley's Jim CaronJPMorgan's David Kelly, Citi's Kristen Bitterly, Morgan Stanley's Jim Caron, and Paul McCulley, former PIMCO chief economist, join 'Power Lunch' to discuss the Fed decision and more.
Persons: Morgan Stanley's Jim Caron JPMorgan's David Kelly, Citi's Kristen, Morgan Stanley's Jim Caron, Paul McCulley
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . As interest rates skyrocketed over the last 18 months, inflation fell from a 40-year high during the summer of 2022. Laoshi/Getty ImagesMcCulley echoed this when asked if strong retail sales are sign that the economy is not coming in for a soft landing. In the short term, further declines in inflation could be difficult if people are spending money they saved during the pandemic. Strong consumer spending is a good sign, but the economy is not out of the woods yet.
Persons: it's, , Daniel Greenhaus, Greenhaus, Paul McCulley, McCulley, Tim Quinlan, Quinlan, Laoshi, didn't, Tom Barkin, ZIlloq, Paul Bradbury, Patrick Harker, Harker Organizations: Service, payrolls, Georgetown's School of Business, Wells, Richmond, Getty Images, Fed Locations: Wells Fargo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed doesn't want a recession: Former PIMCO chief economist Paul McCulleyPaul McCulley, former PIMCO chief economist, Tom Lee, managing partner and head of research at Fundstrat Global Advisors, and CNBC’s Steve Liesman join 'The Exchange' to discuss their expectation from the Federal Reserve's 2-day meeting, what their decision on rate hikes mean for the markets, and more.
Persons: Paul McCulley Paul McCulley, Tom Lee, Steve Liesman Organizations: Fundstrat Global Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell’s Jackson Hole speech will be a valedictory, but no pat on the back: Paul McCulleyPaul McCulley, Fmr. PIMCO chief economist, joins 'Fast Money' to talk what he expects to hear out of Jackson Hole this week, the Fed's next moves and more.
Persons: Jackson, Paul McCulley Paul McCulley
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with former PIMCO chief economist Paul McCulleyPaul McCulley, adjunct professor at Georgetown's McDonough School of Business and former chief economist at PIMCO, and CNBC's Steve Liesman join 'Squawk on the Street' to discuss a sell-off in the bond market and deceleration in the economy suggesting a soft landing.
Persons: Paul McCulley Paul McCulley, Steve Liesman Organizations: Georgetown's McDonough School of Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonetary policy is in a good place, but the Fed can't claim victory, says economist Paul McCulleyPaul McCulley, adjunct professor at Georgetown's McDonough School of Business and former chief economist at PIMCO, and CNBC's Steve Liesman join 'Squawk on the Street' to discuss a sell-off in the bond market and deceleration in the economy suggesting a soft landing.
Persons: Paul McCulley Paul McCulley, Steve Liesman Organizations: Georgetown's McDonough School of Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomy is improving but the Fed isn't ready to declare victory, says Georgetown's Paul McCulleyPaul McCulley, former chief economist at PIMCO and currently an adjunct professor at Georgetown's McDonough School of Business, and CNBC's Steve Liesman join 'The Exchange' to discuss the potential for two additional Fed hikes, forces driving stubbornly high core inflation, and timing when to lock in bond yields.
Persons: Georgetown's Paul McCulley Paul McCulley, Steve Liesman Organizations: Georgetown's McDonough School of Business
The market is fully expecting another interest rate hike from the Fed in July, after it skipped a rate hike in June. For the Fed, ideal inflation is in the target range of 2%. But he is more encouraged about the economy avoiding recession, which recent economic history said would not be possible. San Francisco Fed President Mary Daly expressed her commitment to lowering inflation even further on "Squawk on the Street" last week. "It's really too early to say that we can declare victory on inflation.
Persons: Tom Werner, Jerome Powell, Ed Yardeni, Yardeni, Paul McCulley, Tom Lee, Fundstrat, Lee, Liz Young, Roger Ferguson, Ferguson, Hugh Johnston, they've, CFOs, Milton Friedman's, Pimco, Tiffany Wilding, Wilding, Mary Daly Organizations: Federal Reserve, Market Committee, Fed, CME Fed, Yardeni, Dow Jones, Dow, PepsiCo, CNBC, Francisco Fed Locations: U.S, Georgetown
The drop in inflation is strengthening the case the US will avoid a recession, economist Paul McCulley said. The former chief economist of PIMCO pointed to June CPI, which showed inflation eased to 3%. Cooling prices in the economy is exactly what the Fed and markets want to see, he said. They don't have to stay high as long as they think if it turns out that the lags are nastier than we think," McCulley said. Other commentators have turned more positive on the economy and markets as inflation continues to cool without sparking significant weakness in the labor market.
Persons: Paul McCulley, PIMCO, McCulley Organizations: Service, Consumer, CNBC Locations: Wall, Silicon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew inflation data helps Fed and economy get to 'soft landing,' says economist Paul McCulleyPaul McCulley, Georgetown professor, joins 'Squawk on the Street' to discuss the CPI report and how it'll impact the Fed's next meeting.
Persons: Paul McCulley Paul McCulley Locations: Georgetown
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdditional rate hikes are unnecessary, says Fmr. PIMCO Chief Economist Paul McCulleyPaul McCulley, Former PIMCO chief economist, joins 'Fast Money' to talk additional rate hikes from the Federal Reserve and whether he deems them 'necessary'.
Persons: Paul McCulley Paul McCulley Organizations: PIMCO, Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is well positioned for a soft landing, says economist Paul McCulleyPaul McCulley, adjunct professor at Georgetown's McDonough School of Business and former chief economist at PIMCO, joins CNBC's Steve Liesman and 'The Exchange' to discuss a possible rate hike pause in June, the future of the Federal Reserve's hiking cycle, and ongoing recession concerns.
Persons: Paul McCulley Paul McCulley, Steve Liesman Organizations: Georgetown's McDonough School of Business
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