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Search resuls for: "Cleveland Fed's Loretta Mester"


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Powell is due to deliver his semiannual monetary policy testimony before the House Financial Services Committee at 10 a.m. Still, the benchmark S&P 500 (.SPX) has advanced 14.3% so far this year. It holds chances of a recession at 25%, and in that base case, it expects the S&P 500 to rise to 4,500 - about 2.5% higher than current levels. ET, Dow e-minis were down 17 points, or 0.05%, S&P 500 e-minis were down 1.25 points, or 0.03%, and Nasdaq 100 e-minis were down 12.5 points, or 0.08%. Reporting by Shubham Batra and Johann M Cherian in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Tesla, Jerome, Powell, Peter Andersen, Goldman Sachs, Li Auto, Cleveland Fed's Loretta Mester, Shubham Batra, Johann M, Arun Koyyur Organizations: FedEx, China, Dow, Nasdaq, Federal, Financial, Fed, Andersen Capital Management, Tesla Inc, Dow e, Coinbase, Nio Inc, Xpeng, Thomson Locations: Texas, U.S, China, Chicago, Bengaluru
Citi lowers DVN price target by $2 pe share to $78; keeps buy rating. Piper Sandler cuts Club holding Amazon (AMZN) price target to $119 per share from $125. Honeywell (HON), also a Club stock, is an underappreciated tech franchise, JPMorgan says. Zoom Video (ZM) catches multiple price target cuts on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
We can bet that they will be one-upping each other about how high they want to take fed funds, the overnight bank lending rate. They seem to want to ignore anything that's succeeded since the Fed's rate increase cycle began back in March. I think that, again, if the Fed were to wait through Christmas they would see the layoffs and the corporate failures. One thing that's for certain, the buyers of the 2-year may be more sensitive to the data than the Fed. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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