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☆ Doubt we'll see more than two 25bps rate cuts this year, says Bill Lee
▼ + stars: | 2024-04-29 | 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 EmailDoubt we'll see more than two 25bps rate cuts this year, says Bill LeeWilliam Lee, Chief Economist at the Milken Institute, gives his expectations for the upcoming Federal Reserve meeting.

Persons: Bill Lee William Lee Organizations: Milken Institute, Reserve

☆ Two market experts debate the push and pull between stocks and the economy
▼ + stars: | 2024-03-04 | 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 EmailTwo market experts debate the push and pull between stocks and the economyJames Cakmak, Partner at Clockwise Capital, and William Lee, Chief Economist at the Milken Institute, discuss the staying power of the markets' rally.

Persons: James Cakmak, William Lee Organizations: Milken Institute

☆ Fact Check: Palestinian official flag in 1939 did not show Star of David
▼ + stars: | 2023-11-30 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

The image of the flag, which is half white and half blue with the Star of David in its centre, is spreading on Facebook (archived) with claims that it shows the official 1939 Palestinian flag. “The 1939 flag of Palestine shows that it was recognized as a Jewish entity even then,” one Facebook account wrote (archived). According to academics who spoke to Reuters, the flag seen in circulating images is not an official flag of historical Palestine. An example of a mandate-era official flag from 1946 can be seen on the British Imperial War Museums website. The official flag of mandate Palestine in 1939, during which Palestine was administered by Britain as a League of Nations Mandate, was a Union Jack.

Persons: David, Shay Hazkani, Joseph, Rebecca Meyerhoff, Jack, ”, Salim Tamari, Tamari, Sharif Hussein, Derek Penslar, William Lee Frost, “, Union Jack, Penlsar, Tamir Sorek, Read Organizations: Zionist, Palestinian, Jewish, Star, Larousse, Reuters, Center for Jewish Studies, University of Maryland, League of Nations, Institute of Palestine Studies, Birzeit University, British, Harvard University, Union, Penn State University, Society, International Affairs, Britain, League of Nations Mandate, Thomson Locations: Palestine, Larousse French, Israel, Ottoman Empire, Union

☆ Investors are still unsure about getting into China's market, says Milken Institute's William Lee
▼ + stars: | 2023-11-16 | 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 EmailInvestors are still unsure about getting into China's market, says Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, and CNBC’s Michelle Caruso-Cabrera join 'Power Lunch' to give their takes on the latest with the meeting between the U.S.-China.

Persons: Milken, William Lee William Lee, CNBC’s Michelle Caruso, Cabrera Organizations: Investors, Milken Institute, U.S . Locations: China

☆ It will take a while for the economy to shift, says Milken Institute's William Lee
▼ + stars: | 2023-11-16 | 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 EmailIt will take a while for the economy to shift, says Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, joins 'The Exchange' to discuss whether the economy is headed for a soft landing or a recession, the direction of Fed policy, and more.

Persons: Milken, William Lee William Lee Organizations: Milken Institute

☆ Watch CNBC’s full interview with Milken Institute's William Lee
▼ + stars: | 2023-11-16 | 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 EmailWatch CNBC’s full interview with Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, and CNBC’s Michelle Caruso-Cabrera join 'Power Lunch' to give their takes on the latest with the meeting between the U.S.-China.

Persons: Milken, William Lee William Lee, CNBC’s Michelle Caruso, Cabrera Organizations: Milken Institute, U.S . Locations: China

☆ Income security is feeding into strength in the labor market, says Milken's Bill Lee
▼ + stars: | 2023-11-03 | 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 EmailIncome security is feeding into strength in the labor market, says Milken's Bill LeeWilliam Lee, Chief Economist at the Milken Institute, discusses his expectations for the October jobs report.

Persons: Bill Lee William Lee Organizations: Milken Institute

☆ July PCE prices will likely show a downward but bumpy trajectory in inflation, says Bill Lee
▼ + stars: | 2023-08-31 | 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 EmailJuly PCE prices will likely show a downward but bumpy trajectory in inflation, says Bill LeeWilliam Lee, Chief Economist at the Milken Institute, discusses his expectations for July PCE prices and its impact on the Fed's rate hiking campaign.

Persons: Bill Lee William Lee Organizations: Milken Institute

☆ China's economy is struggling, but it might not be all that bad for the US
▼ + stars: | 2023-08-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

US imports from China are down this year, and direct investment in China is a sliver of the US GDP. However, William Lee, the Milken Institute's chief economist, told Insider China's economic stumble might not be all bad for the US. Meanwhile, Chinese imports of US goods, which may continue to slow, amounted to less than 1% of the US GDP, suggesting a reduction in Chinese imports wouldn't drastically harm the US economy. In addition, China's slowing economy has already chipped away at some American companies' revenues, including DuPont's and Danaher's. AdvertisementAdvertisementThough China's economy has been plagued by a number of crises, including low consumer confidence, many Americans may not have to worry about the downturn hurting their wallets.

Persons: Joe Biden, Janet Yellen, William Lee, Milken, Lee, Paul Krugman, —, Luis Torres, it's Organizations: Service, Milken Institute's, US, New York Times, Commerce Department, Federal Reserve, Bank of England, European Central Bank, Federal Reserve Bank of Dallas Locations: China, Wall, Silicon, United States, Ukraine, Russia, Europe, Vietnam, India, Mexico, Hong Kong, Canada, American

☆ There is no question that China is in deflation: Milken Institute
▼ + stars: | 2023-08-09 | 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 EmailThere is no question that China is in deflation: Milken InstituteWilliam Lee, chief economist at the Milken Institute says, there is no question that China is in deflation, as the consumer price index fell 0.3% year-on-year in July. "The question is how long is it going to last," he adds.

Persons: William Lee Organizations: Milken Institute Locations: China

☆ Milken Institute: Markets shouldn't be surprised that the economy is so strong
▼ + stars: | 2023-07-26 | 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 EmailMilken Institute: Markets shouldn't be surprised that the economy is so strongWilliam Lee, Chief Economist at the Milken Institute, discusses the Federal Reserve's path forward.

Persons: William Lee Organizations: Milken, Milken Institute

☆ Milken Institute: The slowing economy isn't doing its job of slowing inflation
▼ + stars: | 2023-05-31 | 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 EmailMilken Institute: The slowing economy isn't doing its job of slowing inflationWilliam Lee, Chief Economist at the Milken Institute, discusses the Federal Reserve's next steps.

Persons: William Lee Organizations: Milken, Milken Institute, Federal

☆ Another Fed rate hike in June is a bigger possibility than investors think, according to longtime strategist Lindsey Bell. She told us why, and what to buy now.
▼ + stars: | 2023-05-18 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Investors have grown confident that the Federal Reserve is done raising interest rates for now. Bell says the Fed may not be done raising rates since some important inflation measures remain high. The widespread expectation among investors is that the Federal Reserve is now on pause, and will leave interest rates where they are for a while. "The consumer and corporations are absorbing higher interest rates probably better than most people had anticipated," she said. And Lee pointed to decreases in parts of the economy that are more sensitive to interest rates.

They will be joined by Ukraine and the “Big Five” of the United Kingdom, France, Germany, Spain and Italy in the final. “Loreen has won it before – she’s kind of Eurovision royalty. [1/4] Loreen from Sweden takes part in a dress rehearsal for the Eurovision Song Contest's grand final in Liverpool, Britain, May 12, 2023. REUTERS/Phil Noble 1 2 3 4Kaarija, the green bolero-sleeved singer from Finland whose track “Cha Cha Cha” has gone down a storm in the arena, has also been a very popular selection, Phelps said, and Ukraine “was up there in the betting”. Eurovision blogger William Lee Adams said capturing the zeitgeist had been key to winning in recent years.

☆ There isn't a banking crisis, the problem is banking supervision, says Milken's William Lee
▼ + stars: | 2023-05-03 | 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 EmailThere isn't a banking crisis, the problem is banking supervision, says Milken's William LeeHarris Financial Group's Jamie Cox, Societe Generale's Subadra Rajappa and Milken Institute's William Lee, join 'The Exchange' to discuss the looming Fed meeting, where another 25bps rate hike is expected.

☆ Watch CNBC’s Fed panel full interview ahead of the Fed decision
▼ + stars: | 2023-05-03 | 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 EmailWatch CNBC’s Fed panel full interview ahead of the Fed decisionHarris Financial Group's Jamie Cox, Societe Generale's Subadra Rajappa and Milken Institute's William Lee, join 'The Exchange' to discuss the looming Fed meeting, where another 25bps rate hike is expected.

☆ ChatGPT is the Myspace of AI: It's fun, but it's far from taking your white-collar job
▼ + stars: | 2023-03-18 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Despite excitement around ChatGPT and GPT-4, there are concerns about AI tools taking jobs. "Artificial intelligence may have a role in displacing, or at least reducing, the need for less skilled workers," Lee said. Hope Bradford, senior director of digital transformation at Kelly, a staffing and workforce company, told Insider that AI tools help HR professionals screen candidates. Are white-collar workers' jobs at risk of being cut because of AI tools? While people have found success and the pros of AI tools, there's still uncertainty about their future and fears still loom.

☆ We may be seeing 6% or 7% interest rates by the middle of the year, says Milken's William Lee
▼ + stars: | 2023-03-07 | 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 EmailWe may be seeing 6% or 7% interest rates by the middle of the year, says Milken's William LeeWilliam Lee, Milken institute chief economist, joins 'The Exchange' to discuss Fed Chair Powell's testimony before the Senate Banking Committee earlier today.

☆ Supply-driven inflation will be stickier than expected, says Federated Hermes' DeNichilo
▼ + stars: | 2023-02-07 | 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 EmailSupply-driven inflation will be stickier than expected, says Federated Hermes' DeNichiloWilliam Lee, chief economist at the Milken Institute, and Stephen DeNichilo, Federated Hermes portfolio manager, join ‘Power Lunch’ to react to Fed Chair Jerome Powell’s question-and-answer session at The Economic Club of Washington, D.C., this afternoon.

☆ People are actually less worried about losing their jobs than they were before the pandemic
▼ + stars: | 2022-12-12 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

Still, workers are more worried about losing their jobs than they were earlier in the year. Of course, some are more worried than others about losing their jobs. When broken down by age, workers over 59 years old were the most worried about losing their jobs, while fears among those 40 to 59 went down a bit in November. Those under 40 also got a bit more worried about losing their jobs, although all age groups were less worried than they were in November 2021. However, workers with a high school education or less are less concerned about losing their jobs than workers with some college education or a BA and higher.

☆ The US is heading for a 'swamp' recession which could mire the economy in a disappointing and slow recovery
▼ + stars: | 2022-12-10 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Kelly told Insider the recovery may be considered "tepid" given it will be a "mild improvement in things." David Kelly, chief global strategist for JPMorgan Asset Management, called it a "'swamp' recession" in a note, suggesting the "economy would likely struggle to get out of" what is potentially a mild recession. It's like standing on the edge of a swamp," Kelly told Insider. "The problem this time around is two-fold," Kelly told Insider. In short, Kelly told Insider that a modest recovery from a shallow recession could be viewed as "tepid" as it will be a "mild improvement in things."

The tech industry accounts for about one-quarter of this year's job cuts, Challenger data show. The automotive industry has had 30,669 job cuts announced, compared with 10,277 through November 2021. And real estate has had 7,919 cuts announced this year, compared with 2,762 in 2021 year-to-date. "We've seen a lot of job cuts around mortgage origination and fintech firms in mortgages. U.S.-based employers announced 76,835 cuts in November alone, more than double the 33,843 cuts announced in October and four-times the number of cuts announced last November, Challenger data show.

☆ Waves of workers are 'quick quitting' as the clock runs down on the Great Resignation
▼ + stars: | 2022-11-20 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Some people part of the Great Resignation may be "quick quitting" and leaving jobs that they've been at for less than a year. Recession fears may impact those thinking about quick quitting. But there's a new twist: "quick quitting," which LinkedIn defines as leaving a position that they had for less than a year, according to its data. But for now, LinkedIn's analysis of short tenure rates using its own data show white-collar workers are among the workers quick quitting. Salemi said she's "cautious" though about people quickly quitting though because "it shouldn't necessarily be spontaneous."

☆ The bi-modal economy is something we haven't focused on enough, says Milken Institute's William Lee
▼ + stars: | 2022-11-17 | 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 bi-modal economy is something we haven't focused on enough, says Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, joins 'Power Lunch' to discuss Fed messaging about the timeline for tackling inflation, the condition of the American economy and the market pricing in risk.

☆ A recession would likely hit white collar workers more, economists say
▼ + stars: | 2022-11-16 | by ( Alison Kosik | ) edition.cnn.com time to read: +2 min

New York CNN Business —White collar workers would be hit harder than blue collar workers if the United States enters a recession soon, according to one economist, who said businesses have undergone a dramatic restructuring after the pandemic. “Covid shifted things around,” said William Lee, chief economist at the Milken Institute. The pandemic has accelerated automation, Lee said, and that’s pushing low-skilled white collar workers out of jobs. Those tend to be high-paying, more white-collared jobs, Challenger said. “Tech companies hired a lot over the past year and a half and they’re going through what seems to be a correction,” he said.

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