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Wells Fargo expects two rate cuts in the second half of 2024
  + stars: | 2024-04-30 | 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 EmailWells Fargo expects two rate cuts in the second half of 2024Paul Christopher, global head of market strategy at Wells Fargo Investment Institute, Stephanie Roth, chief investment economist at Wolfe Research, and CNBC's Steve Liesman join 'The Exchange' to share their expectations from the Federal Reserve on rate cuts.
Persons: Paul Christopher, Stephanie Roth, Steve Liesman Organizations: Wells, Wells Fargo Investment Institute, Wolfe Research, Federal Locations: Wells Fargo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWolfe Research's Stephanie Roth: Labor market has been 'incredibly robust'Stephanie Roth, Wolfe Research chief economist, and Katerina Simonetti, Morgan Stanley senior vice president and private wealth advisor, join 'The Exchange' to discuss the state of the consumer, the future of fixed income investments, and more.
Persons: Wolfe, Stephanie Roth, Katerina Simonetti, Morgan Stanley Organizations: Labor, Wolfe Research
The bitcoin rally was catalyzed by microeconomic factors at the end of 2023, but may have recently fused into the more macroeconomic-fueled gold rally, according to Wolfe Research. On Friday, it hit record highs for a fourth consecutive session. Bitcoin has also been trading at record highs this week, after hitting new all-time highs on both Tuesday and Friday. Additionally, however, "positive factors for bitcoin have lined up over the past year," Stephanie Roth, Wolfe's chief economist, said in a note Thursday. Gold is widely seen as a safe haven asset and inflation hedge, a narrative many also ascribe to bitcoin, sometimes known as "digital gold."
Persons: Bitcoin, It's, Stephanie Roth, bitcoin, Marion Laboure, Michael Bloom Organizations: Wolfe Research, Deutsche Bank, . Deutsche Bank Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWolfe Research's Stephanie Roth: 'We're expecting a soft landing'Stephanie Roth, Wolfe Research chief economist, and Michael Schumacher, Wells Fargo head of macro strategy, join 'The Exchange' to discuss the likelihood of a soft-landing, if recent inflation data is a cause for Fed concern, and more.
Persons: Wolfe, Stephanie Roth, Michael Schumacher, Wells Organizations: Wolfe Research Locations: Wells Fargo
Here's the inflation breakdown for June, in one chart
  + stars: | 2023-07-12 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +7 min
The CPI is a key barometer of inflation, measuring prices of anything from fruits and vegetables to haircuts and concert tickets. Hourly earnings increased 0.2%, on average, from May to June after accounting for inflation, according to BLS data. 'Encouraging' inflation signals moving forwardThe inflation slowdown has been broad-based, Zandi said. watch nowGrocery price inflation is also down significantly from its peak around 14% last summer, which had been the highest rate since 1979. Economists say it's a near certainty that housing prices will continue to fall through the second half of the year.
Persons: Michael M, Mark Zandi, Zandi, we're, Mark Hamrick, Andrew Hunter, Ben Bernanke, Olivier Blanchard, Stephanie Roth, Roth Organizations: Lincoln Market, Santiago, Getty, U.S . Bureau of Labor Statistics, Moody's, BLS, Capital Economics, Finance, U.S . Federal Reserve, Peterson Institute for International Economics, Morgan Private Bank Locations: Brooklyn , New York, U.S, Ukraine
Total: 5