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Top related persons:
Jerome Powell - 3 Milton Friedman's - 3 Jamie McGeever - 2 Andrew Kelly ORLANDO - 1 Richard de Chazal - 1 William Blair - 1 de Chazal - 1 Joe Lavorgna - 1
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U.S New New York City Andrew Kelly ORLANDO , Florida Brazil's Georgetown ORLANDO Florida
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Search resuls for: "Milton Friedman's"


3 mentions found


☆ Column: The 'long and variable lags' before Fed cuts rates
  + stars: | 2023-08-07 | by ( Jamie Mcgeever | Thomson Reuters | Jamie Mcgeever Has Been A Financial Journalist Since | ) www.reuters.com   time to read: +4 min
That would be a lag of eight months, significantly longer than the average gap between last hike and first cut going back decades. "In the past markets have tended to underestimate how high rates are raised and underestimate how low rates are cut. Inflation targeting, more sophisticated financial markets, transparent central bank communications, and greater central bank autonomy since the 1990s have all contributed as well. Brazil's central bank, one of the first to raise rates in early 2021, has started cutting them after a 12-month pause. Current market pricing suggests that will not come until 2025, which would be an even longer lag.
Persons: Jerome Powell, Andrew Kelly ORLANDO, Richard de Chazal, William Blair, de Chazal, Joe Lavorgna, BoE, Milton Friedman's, Jamie McGeever, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Nikko Securities America, Bank of, Reuters, The Reserve Bank of Australia, Thomson Locations: New, New York City, U.S, Andrew Kelly ORLANDO , Florida, Brazil's
☆ Why declaring victory over inflation too soon may be a mistake for economy
  + stars: | 2023-07-16 | by ( Natalie Rose Goldberg | ) www.cnbc.com   time to read: +9 min
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
☆ Column: The elusive US recession and its 'misleading' indicators
  + stars: | 2023-07-10 | by ( Jamie Mcgeever | Thomson Reuters | Jamie Mcgeever Has Been A Financial Journalist Since | ) www.reuters.com   time to read: +5 min
But tempting as it is to buy into that - leading indicators have been flashing red for months, as yet to no avail - we are probably not at that stage just yet. "Most analysts have no choice but to have their initial bias gravitate to the mean or median range of these leading indicators," he said. Reuters ImageReuters ImageLONG AND VARIABLE LAGSOne of the most reliable recession indicators is the spread between three-month and 10-year U.S. bond yields. Reuters ImageReuters ImageAgain, if the economy isn't in recession by the end of the year, this time it really is different. The signals sent by leading indicators recently have been pretty clear - it just remains to be seen whether they will be accurate.
Persons: Jerome Powell, LEI, Eric Basmajian, Milton Friedman's, payrolls, Jamie McGeever, Jan Harvey Organizations: Federal, Reuters, EPB Research, National Bureau of Economic Research, Thomson Locations: ORLANDO, Florida, Ukraine
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