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Top related persons:
Troy Ludtka - 2 Jerome Powell - 1 Beth Ann Bovino - 1 Mary Daly - 1 Nonfarm - 1 Nikko - 1 Loretta Mester - 1 hasn't - 1
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U.S
Top related orgs:
Nikko Securities - 2 CNBC - 2 Federal - 1 Conference Board - 1 Board - 1 Labor Department - 1 San Francisco Fed - 1 Bloomberg News - 1

Search resuls for: "Troy Ludtka"


2 mentions found


☆ The Fed now will focus on the employment part of its mission — and for good reason
  + stars: | 2024-08-28 | by ( Jeff Cox | ) www.cnbc.com   time to read: +6 min
Various indicators are pointing to a labor market that, if not in outright deterioration, is at least slowing. "Declines of this magnitude tend to occur when the economy is heading into recession and when the unemployment rate is on the ascent," he said. The unemployment rate almost always either heads up or down, with little evidence of extended plateaus. The current momentum is up, though the consensus estimate for August is that the unemployment rate will tick down to 4.2%, according to FactSet. "When you talk to firms ... it doesn't look like the labor market is not healthy," former Cleveland Fed President Loretta Mester said Tuesday on CNBC.
Persons: Troy Ludtka, Jerome Powell, Beth Ann Bovino, Mary Daly, Nonfarm, Nikko, Loretta Mester, hasn't Organizations: Federal, Nikko Securities, Conference Board, Board, Labor Department, San Francisco Fed, Bloomberg News, Cleveland Fed, CNBC Locations: U.S
☆ Markets are on board with the Fed's ‘higher for longer’ policy, CNBC survey shows
  + stars: | 2023-10-31 | by ( Steve Liesman | ) www.cnbc.com   time to read: +3 min
As recently as the summer, respondents had forecast rate cuts in the beginning of next year. The change can also be seen in the outlook for the fed funds rate, the central bank's benchmark for short-term lending costs. It's now forecast on average to end 2024 at 4.6%, assuming about 75 basis points of rate cuts. In June, the year-end 2024 funds rate was forecast at 3.8%, which assumed 125 basis points of cuts. Some 60% of respondents see the Fed hitting its inflation target in 2025 or sometime after that, and 19% don't believe the Fed will ever get there.
Persons: Jerome, Powell, Peter Boockvar, Robert Brusca, Troy Ludtka Organizations: CNBC, Survey, Federal Reserve, Bleakley Financial, Fed, Nikko Securities
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