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Top related persons:
Stephen Stanley - 2 Jerome Powell - 1 Eric Baradat - 1 Tom Fitzpatrick - 1 Fitzpatrick - 1 Dow Jones - 1 Ian Lyngen - 1 we're - 1
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☆ The 'supercore' inflation measure shows Fed may have a real problem on its hands
  + stars: | 2024-04-10 | by ( Brian Evans | ) www.cnbc.com   time to read: +3 min
Eric Baradat | AFP | Getty ImagesA hotter-than-expected consumer price index reading rattled markets Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data — the so-called supercore inflation reading. Along with the overall inflation measure, economists also look at the core CPI, which excludes volatile food and energy prices, to find the true trend. The supercore gauge, which also excludes shelter and rent costs from its services reading, takes it even a step further. Today, he added, the picture is more complicated because some of the most stubborn components of services inflation are household necessities like car and housing insurance as well as property taxes. Sticky inflation problem
Persons: Jerome Powell, Eric Baradat, Tom Fitzpatrick, Fitzpatrick, Dow Jones, Stephen Stanley, Ian Lyngen, we're Organizations: AFP, Getty, O'Brien & Associates, Dow, Santander U.S, Wall, CPI, BMO Capital Markets, Fed Locations: Washington ,
☆ Why it could be a 'lose-lose' situation for Wall Street when the Fed finally does cut rates
  + stars: | 2024-01-17 | by ( Brian Evans | ) www.cnbc.com   time to read: +3 min
Wall Street's outlook on Fed rate cuts is setting the stage for a "lose-lose situation," says Deutsche Bank macroeconomic strategist Henry Allen. Indeed, the last four times we've seen rate cuts that fast, it's been because of the most recent four U.S. recessions," he wrote. To be sure, rapid rate cuts without a preceding recession isn't an impossible scenario, but that doesn't mean it's likely either, Allen noted. Paul Volcker's chairmanship of the Fed in the 1980s, for example, saw steep rate cuts, although that followed a period of extremely restrictive monetary policy. "[It's] hard to see how both rate markets and risk markets can both continue to thrive as they have recently," Stanley said.
Persons: Henry Allen, Allen, Paul Volcker's, Allen isn't, Stephen Stanley, Stanley, Stocks, Deutsche Bank's Allen Organizations: Deutsche Bank, Markets, Federal, Traders, Santander U.S, Deutsche Locations: U.S, Vietnam
☆ Most middle-income Americans still earn less than 3% on savings, survey finds
  + stars: | 2023-10-30 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
Despite inflation concerns, most middle-income Americans still aren't leveraging higher interest rates for savings. That's according to a new Santander survey of roughly 2,200 middle-earning U.S. adults, conducted in early September. Some 64% of middle-income Americans are earning less than 3% on their primary savings account, the findings show. But a lack of awareness isn't the main reason why Americans aren't taking advantage of higher rates, according to the survey. However, some 36% of those surveyed have at least $10,000 in savings, Wennes pointed out.
Persons: Biden, Tim Wennes Organizations: Finance, Santander U.S Locations: Santander
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