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It’s also a sign of confidence from Fed officials that inflation has come under control just enough to comfortably dial back policy. Typically, in the lead-up to a Fed policy decision, Wall Street and economists are in alignment on what to expect. But investors’ wagers for a half-point cut ramped up on Monday; and as of Tuesday afternoon, federal funds futures contracts were pricing in a 63% chance of a jumbo rate cut, up from around 30% on Thursday, according to the CME Group. As inflation skyrocketed in 2021 and 2022, American employers pumped out jobs and the unemployment rate declined to half-century lows. The Fed eventually responded to the country’s inflation problem with its bitter medicine of high interest rates.
Persons: It’s, Christopher Waller, Elizabeth Warren, Robert Kaplan, Bill Dudley, , Powell, ” Gregory Daco, , ” Julia Hermann Organizations: Washington CNN, Federal Reserve, Street, CME, Fed, Democratic, Dallas Fed, CNBC, Former New York, Bloomberg, Dow, Labor, New York Life Investments, CNN
If Robert Kaplan still had a say in the matter, he'd be pushing for a half percentage point interest rate reduction at this week's Federal Reserve meeting. The former Dallas Fed president told CNBC on Tuesday that making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year and the economic challenges ahead. "If I were sitting at the table, I would be advocating for 50 in this meeting," Kaplan said during a "Squawk Box" interview. One basis point equals 0.01%. Kaplan ran the Dallas Fed from 2015-21 and is now a managing director at Goldman Sachs.
Persons: Robert Kaplan, Kaplan, Jerome Powell, Jay Powell, Goldman Sachs Organizations: Dallas Fed, CNBC, Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President Robert Kaplan: I would be advocating for a 50 basis point rate cutRobert Kaplan, Goldman Sachs vice chairman and former Dallas Fed President, joins 'Squawk Box' to discuss the Fed's policy meeting this week, what to expect from the central bank on interest rates, why he's advocating for a 50 basis point rate cut, state of the economy, and more.
Persons: Robert Kaplan, Goldman Sachs Organizations: Former Dallas Fed, Dallas Fed
The meeting wraps up Wednesday afternoon, with the release of the Fed's rate decision coming at 2 p.m. "I hope they cut 50 basis points, but I suspect they'll cut 25. Here's a breakdown of what's on tap:The rate waitThe FOMC has been holding its benchmark fed funds rate in a range between 5.25%-5.5% since it last hiked in July 2023. The 'dot plot'Perhaps just as important as the rate cut will be the signals meeting participants send about where they expect rates to go from here. In June, FOMC members penciled in just one rate cut through the end of the year.
Persons: Jerome Powell, William McChesney Martin Jr, Andrew Harnik, they'll, Mark Zandi, that's, Tom Simons, Zandi, Robert Kaplan, There'll, Seema Shah, FOMC, Moody's, Goldman Sachs, Powell presser, Goldman, Simons Organizations: Federal Reserve, Committee, Moody's, Wall, Jefferies, Dallas Fed, CNBC, Asset Management Locations: Washington , DC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why former Dallas Fed President Richard Fisher supports a 25-basis-point rate cut next weekRichard Fisher, former Dallas Fed president and Jefferies senior advisor, joins 'Squawk Box' to discuss his expectations for the Federal Reserve, the real issue with the deficit, and the health of the economy.
Persons: Richard Fisher, Jefferies Organizations: Dallas Fed, Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed doesn't need to cut high right away, says former Dallas Fed President Richard FisherRichard Fisher, fmr. Dallas Fed president, joins 'Closing Bell' to discuss Fed, interest rates and the market sell-off.
Persons: Richard Fisher Richard Fisher, fmr Organizations: Dallas Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President on FOMC meeting: I think Powell did exactly what he needed to doRobert Kaplan, former Dallas Fed President and Goldman Sachs vice chairman, joins 'Squawk on the Street' to discuss his reaction to the policymakers' decision on Tuesday to leave interest rate unchanged.
Persons: Powell, Robert Kaplan, Goldman Sachs Organizations: Former Dallas Fed, Dallas Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President Richard Fisher: We have a real problem in financing our fiscal policyFormer Dallas Fed President Richard Fisher joins 'Squawk on the Street' to discuss his thoughts on the Federal Reserve's moves around the election, the steady demand for U.S. debt, and much more.
Persons: Richard Fisher Organizations: Former Dallas Fed, Dallas Fed, Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President Robert Kaplan: The Fed is positioning to cut rates in SeptemberFormer Dallas Fed President Robert Kaplan joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, state of the economy, rate path outlook, and more.
Persons: Robert Kaplan Organizations: Former Dallas Fed
Treasury yields rise ahead of May retail sales data
  + stars: | 2024-06-18 | by ( April Roach | ) www.cnbc.com   time to read: +1 min
The 10-year Treasury yield was under a basis point higher at 4.2808%. The 2-year Treasury note yield was also up by less than a basis point to 4.7629%. U.S. Treasury bond yields rose Tuesday as investors traders looked ahead to May retail sales data for insights into the health of the consumer. Retail sales data for May is due Tuesday morning. Federal Reserve officials including Boston Fed President Susan Collins, Dallas Fed President Lorie Logan and Richmond Fed President Tom Barkin are expected to speak at events across the country throughout the day.
Persons: Neel Kashkari, Kashkari, Susan Collins, Lorie Logan, Tom Barkin Organizations: U.S, Treasury, Federal Reserve, Minneapolis Federal, Sunday, CBS News, CBS, Federal, Boston Fed, Dallas, Richmond Fed Locations: Minneapolis, U.S, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President Richard Fisher reacts to April’s CPI reportFormer Dallas Fed President Richard Fisher joins ‘Squawk Box’ to discuss April's CPI data, his expectations from the Fed, and more.
Persons: Richard Fisher Organizations: Former Dallas Fed, Dallas Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President: Fed shouldn't be talking about rate hikes but should keep options openRobert Kaplan, former Dallas Fed president, joins 'Squawk on the Street' to discuss whether the Federal Reserve should be talking about a rate hike this soon, how the American Rescue Plan Act affects Fed decisions, and more.
Persons: Robert Kaplan Organizations: Former Dallas Fed, Dallas Fed, Federal, American
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed Pres. Richard Fisher: The biggest problem right now are the Treasury auctionsFormer Dallas Fed President Richard Fisher joins 'Squawk Box' to discuss the Fed's inflation fight, what to expect from this week's policy meeting, state of the economy, and more.
Persons: Richard Fisher Organizations: Former Dallas Fed, Dallas Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President: Services, particularly labor, is ground zero for current inflationFormer Dallas Fed President Robert Kaplan joins 'Squawk Box' to discuss the latest durable goods data, what to expect from this week's GDP and inflation numbers, the Fed's inflation fight, interest rate outlook, and more.
Persons: Robert Kaplan Organizations: Former Dallas Fed, Services
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock market should remain prepared Fed won't cut rates in June, says former Dallas Fed presidentRobert Kaplan, former Dallas Fed president, joins 'Closing Bell' to discuss how much more complicated the Federal Reserve's job is now, how lively the rate cut decision will now be, and much more.
Persons: Robert Kaplan Organizations: Email, Dallas Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President discusses whether three rate cuts this year is too optimisticRichard Fisher, Barclays senior advisor and former Dallas Fed president, joins 'The Exchange' with CNBC's Steve Liesman to discuss whether the Fed is becoming more hawkish, which data to focus on, and more.
Persons: Richard Fisher, Steve Liesman Organizations: Former Dallas Fed, Barclays, Dallas Fed
How the Federal Reserve plans to proceed with interest rates will be in focus next week after some recent signs of hotter inflation muddied the outlook. In December, policymakers had penciled in at least three quarter percentage point rate cuts in 2024. On Friday, stocks were headed for a losing week even after the S & P 500, for example, notched a fresh closing record just this week. The chipmaker will be under increased scrutiny next week as CEO Jensen Huang takes the stage for the company's annual AI conference. TD Wealth's Vaidya anticipates four rate cuts coming in the third and fourth quarters, though he said that outlook will remain data dependent.
Persons: Sid Vaidya, Jensen Huang, Lorie Logan, Molly McGown, McGown, Brian Nick, Wealth's Vaidya, Nick, Mills, , Samantha Subin Organizations: Federal Reserve, Fed, Nvidia, Dallas, TD Securities, Securities, McGown, Bank of America, Housing, Micron Technology, Philadelphia Fed, PMI, PMI Manufacturing, PMI Services SA, Nike, FedEx, Darden Locations: U.S, NAHB
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed Pres. Richard Fisher: Something has to be done about 'our enormous fiscal wreck'Richard Fisher, former Dallas Fed president, joins 'Squawk on the Street' to discuss if the last month's economic data make the latest Fed minutes irrelevant, the latest 20-year Treasury auction, and more.
Persons: Richard Fisher Organizations: Former Dallas Fed, Dallas Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation in services is still too sticky, says Fmr. Dallas Fed President Robert KaplanRobert Kaplan, Fmr. Dallas Fed president, joins 'Closing Bell' to discuss the Fed minutes, rate cuts and the economy.
Persons: Robert Kaplan Robert Kaplan, Fmr Organizations: Dallas Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President: I'm on guard to look for at least 2-3 more months of positive CPI dataRobert Kaplan, former Dallas Fed president, joins 'Squawk on the Street' to discuss how Kaplan is considering the latest CPI data, whether the fiscal impulse is still boosting the economy, and more.
Persons: I'm, Robert Kaplan, Kaplan Organizations: Former Dallas Fed, Dallas Fed
Former Dallas Fed President Robert Kaplan on NYCB turmoil
  + stars: | 2024-02-07 | 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 EmailFormer Dallas Fed President Robert Kaplan on NYCB turmoilRobert Kaplan, former Dallas Fed president, joins 'The Exchange to discuss New York Community Bank as the regional bank's stock took a hit after Moody’s cut its credit rating to junk.
Persons: Robert Kaplan Organizations: Former Dallas Fed, Dallas Fed, New, Community Bank
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Dallas Fed President Richard Fisher on Q4 GDP data: The Fed should be congratulated for thisFormer Dallas Fed President Richard Fisher joins 'Squawk Box' to discuss the better than expected Q4 GDP data, what it means for the Fed's rate path decision, state of the economy, and more.
Persons: Richard Fisher Organizations: Dallas Fed, Former Dallas Fed
"The market seems to have gotten excited that the Fed's going to have to do more than what the Fed thinks in terms of rate cuts now. watch nowThere is certainly a wide gap between what the Fed has indicated in terms of rate cuts and what the market is expecting. It probably means that right now, the market needs to give back some of the rate cuts that they priced in." Fed Governor Michelle Bowman said this week that while she expects rate hikes could be done, she doesn't see the case yet for cuts. Still, Brusuelas thinks the market is too aggressive in pricing in six rate cuts.
Persons: Frederic J, Brown, Dow Jones, Jack McIntyre, McIntyre, they've, Michelle Bowman, Lorie Logan, Logan, Joseph Brusuelas, Brusuelas, Richard Clarida, … There's, Clarida Organizations: AFP, Getty, Federal, Brandywine Global Investment Management, Traders, Dallas, RSM Locations: Rosemead , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed Pres. Richard Fisher: The Fed pulled this off without destroying the economyFormer Dallas Fed President Richard Fisher joins 'Squawk Box' to discuss the Fed's next move, state of inflation, 2024 outlook, and more.
Persons: Richard Fisher Organizations: Former Dallas Fed, Fed
S&P 500 futures ticked lower Thursday night after the broad-market index ended an eight-day run of gains. S&P 500 futures slipped by 0.1%, while Nasdaq 100 futures slid 0.2%. "The Fed's not cutting rates … We've got to prepare for a market that's going to have higher rates until the beginning of 2025," Simpson said. As the week winds down, the S&P 500 and the Dow are poised for modest losses of 0.3% and 0.5%, respectively. Wall Street will also be listening closely toward several remarks from central bank officials, which include San Francisco Fed President Mary Daly, Atlanta Fed President Raphael Bostic and Dallas Fed President Lorie Logan.
Persons: , Dow, Stocks, Jerome Powell, Kevin Simpson, he's, We've, Simpson, Mary Daly, Raphael Bostic, Lorie Logan Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Wynn Resorts, Federal, International Monetary Fund, Treasury, Wealth Planning, San Francisco Fed, Atlanta Fed, Dallas Fed Locations: Boston, San
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