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☆ Another jumbo Fed cut is coming by year-end with the US labor market weaker than many think, Citi economist says
▼ + stars: | 2024-11-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The Fed is going to cut interest rates by 50 basis points in December, Citi economist Veronica Clark said. Labor market weakness is showing across a number of data points, she said. According to Veronica Clark, deteriorating labor dynamics will force the central bank to cut rates by 50 basis points in December. Her point has grown more evident after October's jobs report underwhelmed expectations with only 12,000 jobs added. AdvertisementThough October's unemployment rate stayed unchanged on a rounded basis, Clark noted that it was it nearly rounded to 4.2%.

Persons: Veronica Clark, It's, Clark, —, Reserve isn't Organizations: Citi, Labor, Service, Reserve, Bloomberg

☆ Sorry, America, it's looking like higher interest rates are going to stick around longer
▼ + stars: | 2024-04-30 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

The Federal Reserve is expected to once again hold interest rates steady on Wednesday. Some predictions also do not forecast any interest rate cuts until the second half of the year. AdvertisementIt's probably still not time for the nation's central bank to cut interest rates just yet. AdvertisementGiven that inflation is still above the Fed's 2% target, it's looking like rate cuts might not come until the second half of 2024. "Inflation has continued to run hot and there is no compelling need for the Fed to cut interest rates until they're comfortable with where inflation is headed."

Persons: Powell, —, It's, Julia Pollak, Jerome Powell, Gregory Daco, Greg McBride Organizations: Federal, Service, Fed Locations: Washington

☆ One of Wall Street's most powerful people is predicting that a 4-day workweek is coming
▼ + stars: | 2024-04-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at a Wall Street billionaire's prediction that the four-day workweek is coming . Billionaire hedge fund manager and New York Mets owner Steve Cohen said a four-day workweek is inevitable , Business Insider's Matthew Fox writes. Cohen put his money where his mouth is regarding the four-day workweek. As the newest four-day workweek fan club member, Cohen must be interested in implementing it at his hedge fund, Point72. Maybe the four-day workweek represents the olive branch companies can extend to get people back to their desks.

Persons: —, Jack, Dave Kotinsky, Rebecca Zisser, Steve Cohen, Matthew Fox, I'd, Cohen, Tech.co, Yuki Iwamura, Jerome Powell, Powell, Tesla, Brooks Kraft, OpenAI's, Logan Kilpatrick, Kilpatrick, Carl Godfrey, Bob Iger, Nelson Peltz, Iger, he's, he'll, Goldman Sachs, David Solomon, Joe Lewis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, United Airlines, Boeing, Business, Lincoln Center, Billionaire, New York Mets, CNBC, Mets, Technologies, Workers, Federal, JPMorgan, Brooks, Brooks Kraft LLC, Getty, Services, Google, Bloomberg, BI, Reuters Locations: York, New York, London

☆ Consumers frustrated by the economy might never get the relief they're ultimately hoping for
▼ + stars: | 2024-03-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why the economy has most consumers feeling like they are stuck in place . A "trapped in place" economy is in full swing. Bad buying conditions coupled with everyday high prices means consumers can't make any major life changes , writes Business Insider's Emily Stewart. But it's not the only area of the economy that's stuck, Emily writes. So, while consumers lament being stuck in place, they should also avoid getting stuck looking to the past.

Persons: —, Rebecca Zisser, Emily Stewart, it's, Emily, gunning, It's, Jerome Powell's, Tyler Le, Steve Mnuchin, Brian Moynihan, Instagram, Jensen Huang, Chelsea Jia Feng, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Tech, Federal, Wall Street, Investors, Blackstone, JPMorgan, MLB, Bank of America, mojo, Nvidia, Astera Labs, NASDAQ Locations: It's, Chelsea, New York, London

☆ Hotter inflation catches up to the stock market, but there are still some portfolio winners
▼ + stars: | 2024-03-14 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Market reversal : The stock market on Thursday initially shrugged off the before-the-bell release of a stronger-than-expected increase in February producer prices. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, WTI, Coterra, Estee Lauder, Stanley Black, Dick's, Jim Cramer's, Jim, Spencer Platt Organizations: CNBC, Reserve, West Texas, Lone, Coterra, Nvidia, FedEx, Dow, Nike, Jim Cramer's Charitable, Traders, New York Stock Exchange, Getty Locations: U.S

☆ Wall Street is bullish on mortgage-backed securities for their juicy yields and attractive fundamentals
▼ + stars: | 2024-01-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

For investors looking for high-quality income with the potential for significant total return, agency mortgage-backed securities (MBS) may be the answer. Fitting MBS into your portfolio In fact, Atluri believes agency MBS are more attractive than investment-grade corporate right now. In addition, agency mortgage-backed securities also trade defensively if the economic outlook were to worsen, he added. About 25% of core bond fund holdings are in mortgage-backed securities, according to Morningstar. "Mortgage-backed securities didn't do as well [as investment grade] last year," said Wei Li, BlackRock's global chief investment strategist.

Persons: Fannie Mae, Freddie Mac, Ginnie Mae, Jason Smith, Neuberger Berman, Smith, Michael Kessler, Kessler, Pramod, Atluri, Morningstar, Wei Li, Albion's Kessler Organizations: Agency MBS, U.S ., MBS, Mortgage News, Albion Financial Group, Federal Reserve, Capital Group, Fund of America, BlackRock

☆ Goldman Sachs expects below-average returns for the next 2 years. It shares 3 strategies to beat the market and 23 stock picks across them.
▼ + stars: | 2023-11-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

These are some of the forecasts for 2024 from Goldman Sachs chief US equity strategist David Kostin and his team. But that doesn't mean it's time to expect a full-on bull market or rapid economic growth anytime soon. So, to leave room for alternative outcomes, Kostin envisioned an even more optimistic scenario that would see rate cuts and stronger economic growth. The second strategy is to not shy away from growth stocks, but rather, be discerning. Yet, their forecasted sales growth is below their 2023 numbers.

Persons: Goldman Sachs, David Kostin, Kostin, Goldman isn't, Sherwin, Williams, Stocks, Eli Lilly, Russell, John Organizations: Federal, Treasury, Bloomberg, Business, O'Reilly Automotive, Dwight, Marathon Petroleum, Intercontinental Exchange, Truist Financial, Rollins Inc, Power Systems, Water, Enphase Energy, Co, NVIDIA, EQT Corp, Toro Company, John Bean Technologies Corporation, Delta Air Lines, DAL, Alaska Air Group Locations: Goldman's, ORLY, Albemarle, ALB

☆ 20 US Cities Expected to See the Highest Home-Price Growth: CoreLogic
▼ + stars: | 2023-09-17 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

Halfway through 2023, mortgage rates are still elevated compared to the last decade. It's not likely that interest rates will come down this year; Selma Hepp, the chief economist at CoreLogic, expects the year to end with mortgage rates at 6.7%. That's up from her forecast in April that saw the year ending with mortgage rates near 5.8%. "And I think with lower mortgage rates, we will see a lot of pent-up demand coming in." This year, appreciation has largely been a function of low inventory, though elevated mortgage rates are helping to mute that increase.

Persons: It's, Selma Hepp, Hepp Organizations: Federal Reserve, Treasury

☆ The U.S. Federal Reserve isn't trying to get ahead of itself anymore, KPMG says
▼ + stars: | 2023-07-27 | 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 EmailThe U.S. Federal Reserve isn't trying to get ahead of itself anymore, KPMG saysDiane Swonk, chief economist at KPMG, says there's unlikely to be another "mic drop" moment — like U.S. Federal Reserve Chair Jerome Powell's 8-minute speech last year — at the next Jackson Hole meeting.

Persons: Diane Swonk, Jerome Powell's, Jackson Organizations: . Federal, KPMG, Federal

☆ January's CPI suggests the stock market is far from the bottom and we're set to see a repeat of the 2001 market crash, says a top-ranked stock picker. He shares 3 investment options that are risk-free
▼ + stars: | 2023-02-16 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

On an annual basis, services inflation was up 7.2%, the worst year-over-year increase since 1982, he noted. "To get services inflation down, you really actually need to create demand destruction. But Johnson believes central bank policies will further impact the stock market heading into the rest of the year. This will put more pressure on the stock market throughout the year, creating a steeper-than-anticipated decline. He believes the stock market will repeat the pattern witnessed in 2000 and 2001.

☆ Jim Cramer's Investing Club meeting Wednesday: Retail sales, Devon, Bausch Health
▼ + stars: | 2023-02-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Watch Bausch A welcome leadership change at eye-care firm Bausch + Lomb (BLCO) is causing shares of Club holding Bausch Health (BHC) to surge 13% Wednesday, to roughly $8.52 apiece. Bausch Health owns nearly 89% of Bausch + Lomb, so what's good news at BLCO is good news for BHC, too. Saunders is a solid pick to lead Bausch + Lomb, which had been a division of Bausch Health up until May 2022. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ The Fed isn't going to make things easy for the market and stocks still have at least another 7% to fall, JPMorgan's chief equities strategist says
▼ + stars: | 2023-01-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks still have at least 7% more to fall before hitting a bottom, according to JPMorgan's chief stock strategist Dubravko Lakos. He told CNBC that earnings estimates for 2023 are still too high, and the Fed would likely stay restrictive on monetary policy. "I don't think the Fed is going to make it easy for the market. He predicted the S&P 500 will dip at least to 3,600, representing a 7% decline from current levels, particularly since central bankers are expected to keep interest rates restrictive. The Fed hiked interest rates by 425 basis points last year to rein in inflation, leading the S&P 500 to sink 20% for its worst losses since 2008.

☆ Elizabeth Warren slams the Fed's Jerome Powell for 'pushing hard to get more people fired' as he continues to aggressively fight inflation
▼ + stars: | 2022-12-14 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Federal Reserve hiked interest rates again today, but not at the same fast pace as past months. On Wednesday, the Federal Reserve announced it would be increasing interest rates yet again, raising them 0.5 percentage points. "He's pushing hard to get more people fired because he thinks that is one way to help bring down inflation," Warren told HuffPost's Arthur Delaney, referencing Federal Reserve Chair Jay Powell. This isn't the first time Warren has sounded the alarm on continued interest rate hikes. The Federal Reserve isn't the only body that could take action: Congress could step in with legislation aimed at lowering prices.

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