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Many people feel “that they’re not getting enough back, that a college education isn’t worth enough,” said Paul Peterson, a professor of education policy and governance at Harvard University. The data says that college education is worth more than ever.”The dissonance shows how higher education has become another slice of the economy where the vibes are worse than the numbers might suggest — and risks exacerbating Democratic losses with working-class voters. Andrew Smith, director, University of New Hampshire Survey CenterThere are many reasons why improving college affordability may not register widely. Given other budget pressures — from child care to car insurance — college expenses simply might not have fallen enough to matter. A polling site in Vienna, Va., on Election Day, which saw working-class voters further embrace Republicans.

Persons: they’re, ”, Paul Peterson, Donald Trump, Kamala Harris, Trump, Andrew Smith, Pew, “ We’ve, Robin Isserles, ” Isserles, “ I’ve, Bill Clark, Ashley Koning, Harris, ” Koning, Sallie Mae Organizations: Harvard University, “, NBC, Pew, University of New Hampshire Survey, grads, National Center for Education Statistics, Dallas Federal Reserve Bank, Manhattan Community College, Trump, Voters, Inc, Getty, Eagleton Center for Public, Rutgers University, Democrats, College Board, Republicans Locations: New York City, Staten Island, Long, Nassau County, Vienna, Va, New Jersey, New Jersey , New Hampshire, Pennsylvania

☆ Former Fed president Fisher: Very worried about the deficit and interest burden under each candidate
▼ + stars: | 2024-11-05 | 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 EmailFormer Fed president Fisher: Very worried about the deficit and interest burden under each candidateRichard Fisher, former Dallas Federal Reserve president breaks down the mindset of inflation and the deficit.

Persons: Fisher, Richard Fisher Organizations: Former, Dallas Federal Reserve

☆ Asia markets open lower after major U.S. indexes slip; India prepares for Hyundai debut
▼ + stars: | 2024-10-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A bronze bull statue outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Monday, June 3, 2024. India's stock futures jumped after exit polls indicated a resounding victory for Prime Minister Narendra Modi's ruling party in general elections that concluded Saturday. Photographer: Dhiraj Singh/Bloomberg via Getty ImagesAsia-Pacific markets slipped on Tuesday, trailing a mixed session on Wall Street. During the U.S. trading session, two Federal Reserve officials had spoken about the trajectory of interest rates. Dallas Federal Reserve President Lorie Logan said she supports the current move to lowering interest rates, but that a patient approach will be needed.

Persons: Narendra Modi's, Dhiraj Singh, Australia's, Kospi, Neel Kashkari, Lorie Logan Organizations: Bombay Stock Exchange, Bloomberg, Getty Images, Nikkei, Hyundai, Federal, Minneapolis, Dallas Federal Locations: Mumbai, India, Getty Images Asia, Pacific, South, Asia, Hyundai India

Meanwhile, the yield on the 2-year Treasury was about two basis points higher at 4.047%. After jumping 12 basis points on Monday, the yield on the 10-year Treasury rose nearly three basis points to 4.21%, a level it has not reached in three months. The U.S. 10-year Treasury yield continued its gains on Tuesday after Federal Reserve officials urged caution on the path of interest rate cuts. It is a quiet week on the data front, but a busy week for Federal Reserve commentary, with an array of policymakers delivering speeches. Rates have actually increased since the Fed cut rates by a half point one month ago.

Persons: Neel Kashkari, Lorie Logan, Jeff Schmid, —, Jeff Cox Organizations: Treasury, Federal, Federal Reserve, Minneapolis, Dallas Federal, Kansas, Traders Locations: U.S

☆ Increased sausage demand could be worrying signal on the economy
▼ + stars: | 2024-08-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There has been "modest growth" in the dinner sausage category for one producer, according to the Dallas Federal Reserve's Texas Manufacturing Outlook Survey released Monday. "This category tends to grow when the economy weakens," the respondent said, according to edited comments included in the Dallas Fed's report. That is because "sausage is a good protein substitute for higher-priced proteins and can 'stretch' consumers' food budgets." This anecdote pointed out by eagle-eyed Bespoke Investment Group on social media site X comes as grocery prices remain top of mind for consumers.

Persons: Fred Meyer Organizations: Dallas Federal, Texas Manufacturing, Dallas Locations: Kroger, Palmer , Alaska, An

☆ Oil falls as Fed policymakers look to maintain rate cuts, gasoline stocks rise
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: +2 min

An oil pump jack at the New Harmony Oil Field in Grayville, Illinois, US, on Sunday, June 19, 2022. Oil prices fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks that weighed on the market. "I think it's too soon to really be thinking about rate cuts." Meanwhile, U.S. crude oil inventories fell 4.2 million barrels to 454.7 million barrels in the week ending on May 24, the Energy Information Administration said on Thursday, compared with expectations in a Reuters poll for a 1.9 million-barrel draw. Stocks were up 2 million barrels for the week to 228.8 million barrels, the EIA said, compared with expectations for a 400,000-barrel draw.

Persons: Lorie Logan, Logan, Stocks Organizations: New Harmony Oil, Fed, Brent, U.S, West Texas, Dallas Federal, Energy Information Administration, EIA, of, Petroleum Locations: Grayville , Illinois, U.S, El Paso , Texas, OPEC, Saudi Arabia, Russia

☆ Here’s where to invest $50,000 in the new year, according to the pros
▼ + stars: | 2024-01-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +8 min

The S & P 500 rose 24% in 2023, ending the year just shy of a record closing high. The highest S & P 500 target on the Street calls for 8.7% upside from Thursday's close. A fund with exposure to small and midcap semiconductor stocks is the SPDR S & P Semiconductor ETF (XSD) . Exposure to this space can be obtained through the SPDR S & P Health Care Equipment ETF (XHE) . For these investors, Bailey likes Berkshire Hathaway , calling it a counter-cyclical sitting on a ton of cash.

Persons: Larry Adam, Raymond James, Robert Kaplan, Steven Wieting, Wieting, there's, Mike Bailey, — Bailey, Bailey, They're, Berkshire Hathaway, Eli Lilly, they're, Jack Ablin, Ablin, Rowe Price Organizations: Nasdaq, Dow Jones Industrial, CNBC Pro's, Survey, National Association for Business Economics, Dallas Federal, CNBC, Bank of America, Fed, CNBC Pro, Citi Global Wealth, Nvidia, Meta, Microsoft, P Semiconductor, P Health Care, FBB Capital Partners, Corporate, Aggregate Bond, Berkshire, Essex Property Trust, Federal Realty Trust, Rowe Price Group Locations: Essex

☆ Are US Treasurys still a safe-haven asset? An epic bond-market crash and rising default fears are sowing doubts.
▼ + stars: | 2023-11-12 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Financial markets have been engaged in a growing debate over the risks that lurk in Treasurys, with prominent voices raising doubts. AdvertisementAdvertisementIn March, a Richard Bernstein Advisors note said spreads on credit default swaps have climbed for Treasurys since since 2011, when the federal government was issued its first credit downgrade. Then came this spring's debt-ceiling drama and the US credit downgrade in August from Fitch, which cited the rising debt burden and political dysfunction. If a downgrade follows, then US debt wouldn't be in the safest category for default risk at any of the three major ratings agencies. Several auctions for long-dated Treasurys have seen weak demand, and buyers are demanding higher compensation for the risk of carrying Treasurys.

Persons: —, Moody's, they've, Mohamed El, Erian, Asset's Seema Shah, Treasurys, Richard Bernstein, Gennadiy Goldberg isn't Organizations: Service, Federal, CNBC, Dallas Federal, Richard Bernstein Advisors, Fitch, Penn Wharton Budget, Securities Locations: Treasurys, there's, US

☆ Morning Bid: Powell pushback puts cloud 9 beyond reach
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +5 min

Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. Curiously, there was little change in that basic market pricing after Powell spoke - with end-2024 futures still pointing at a rate of 4.50-4.75% versus the current 5.25-5.50%. But the Treasury market did suffer a bigger jolt - as they were also undermined by poor demand at the latest long bond auction. But others pointed to a ransomware attack on the U.S. arm of The Industrial and Commercial Bank of China, which reportedly disrupted trades in the Treasury market on Thursday. Whatever the main cause, fresh bond market jitters were enough to knock the S&P500 out of its winning streak and close almost 1% lower.

Persons: Jerome Powell, Kevin Lamarque, Mike Dolan, Jerome Powell's pushback, Powell's, Powell, 5bps, Sterling, Janet Yellen, Lorie Logan, Raphael Bostic, Christine Lagarde, Joachim Nagel, Elaine Hardcastle Organizations: Federal, Committee, Federal Reserve, REUTERS, Veterans, Commercial Bank of China, Treasury, University of Michigan, Dallas Federal, Atlanta Fed, European Central Bank, Financial Affairs, Reuters, Thomson Locations: Washington , U.S, U.S, United States, HK, Washington, Beijing, Atlanta

FORT MYERS, Fla. (AP) — A woman accused of threatening to kill a federal judge in Texas who suspended approval of the abortion drug mifepristone earlier this year was arrested Wednesday in Florida, court records. Alice Marie Pence made her initial appearance in Fort Myers federal court after her arrest, according to court records. Her next hearing is scheduled for Nov. 22 in Dallas federal court. According to an indictment, Pence called the chambers of a federal judge in Amarillo, Texas, in March and threatened to kill him. The indictment doesn't name the judge, but the only federal judge in Amarillo is U.S. District Judge Matthew Kacsmaryk.

Persons: —, Alice Marie Pence, Pence, Matthew Kacsmaryk, Donald Trump, Roe, Wade, Joe Biden's Organizations: District, U.S, Supreme Locations: MYERS, Fla, Texas, Florida, Fort Myers federal, Dallas, Amarillo , Texas, Amarillo, U.S, Kacsmaryk

☆ S&P 500, Nasdaq score longest win streak in 2 years on rates view
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +4 min

Fellow Governor Michelle Bowman said she took the recent Gross Domestic Product number as evidence the economy not only "remained strong," but might have gained speed and requires a higher Fed policy rate. The Dow Jones Industrial Average (.DJI) rose 56.94 points, or 0.17%, to 34,152.8; the S&P 500 (.SPX) gained 12.40 points, or 0.28 %, at 4,378.38 and the Nasdaq Composite (.IXIC) added 121.08 points, or 0.90 %, at 13,639.86. The S&P 500 (.SPX) scored its seventh straight day in the green, with the Nasdaq (.IXIC) recording its eighth straight advance, the longest such streak for each index in two years. The Dow gained for a seventh straight session, its longest since a 13-session run in July. The S&P 500 posted 15 new 52-week highs and three new lows while the Nasdaq recorded 48 new highs and 145 new lows.

Persons: CME's, Christopher Waller, Michelle Bowman, Neel Kashkari, Austan Goolsbee, Jerome Powell, Powell, Ken Polcari, Brendan McDermid, Dow, Lorie Logan, Chuck Mikolajczak, Richard Chang Organizations: Dow, Nasdaq, Treasury, Federal Reserve, Fed, Federal Reserve Bank of Minneapolis, Chicago Fed, Kace Capital Advisors, New York Stock Exchange, REUTERS, Microsoft, Apple, Dow Jones, . Energy, Dallas Federal Reserve Bank, Uber Technologies, NYSE, Thomson Locations: U.S, Boca Raton , Florida, New York City

REUTERS/Ann Saphir/File Photo Acquire Licensing RightsNov 7 (Reuters) - Dallas Federal Reserve Bank President Lorie Logan on Tuesday said she supported leaving the Fed's policy rate on hold last week to assess if financial conditions are sufficiently tight to bring down inflation, while pointing to recent signs the fight was not yet won. "We're going to continue to need to see tight financial conditions in order to bring inflation to 2% in a timely and sustainable way," Logan said. "I'm going to be looking at the data and I'm going to be looking at financial conditions as we get closer to the following meeting." That view was one main reason the Fed opted to keep the policy rate in its current 5.25%-5.50% range last week. "We have seen some retracement in that 10-year yield and financial conditions, and so I'll be watching to see whether that continues and what that means for the implications of policy," Logan said on Tuesday.

Persons: Lorie Logan, Ann Saphir, Logan, Franklin Paul, Andrea Ricci Organizations: Reserve Bank, Dallas, National Association for Business Economics, REUTERS, Dallas Federal Reserve Bank, Fed, Thomson Locations: Dallas , Texas, U.S

☆ The US is borrowing too much money, and that's what's driving rates higher, former Dallas Fed President says
▼ + stars: | 2023-10-31 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

The US is borrowing too much money and that's what is keeping rates up, the ex-Dallas Fed Chair says. AdvertisementAdvertisementThe higher for longer outlook for interest rates sparked a historic crash in Treasury bonds this month, but there's another factor that's set to keep yields higher going forward, and that's US fiscal policy. According to former Dallas Federal Reserve President Richard Fisher, massive government borrowing needed to fund massive spending will be a culprit of higher bond yields. "I believe what's driving rates higher and what will keep them higher for longer is our fiscal policy," Fisher told CNBC on Tuesday. Compounding the issue of soaring debt is rising interest rates, as borrowing costs rocket higher amid the Federal Reserve's fight against inflation.

Persons: Fisher, —, Richard Fisher, Rowe Price's Organizations: Dallas Fed, Service, Dallas Federal, CNBC, Treasury Locations: Europe

☆ The verdict is in on how much Texas' heat wave clobbered its economy this summer
▼ + stars: | 2023-10-28 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

A new estimate says the record summer heat in Texas cost the state's economy $24 billion. AdvertisementAdvertisementThe Lone Star State's punishing and record-breaking heat wave, coupled with an unyielding drought, significantly affected local businesses and, by extension, the state's economy. For every 1-degree increase in average summer temperature, Texas sees a 0.4% slowdown in its annual nominal GDP growth. Notable establishments like Schlitterbahn, SeaWorld, and Six Flags blamed their dips in summer visitors on the heat wave. AdvertisementAdvertisementOne brewery owner in Austin told My San Antonio that the summer heat "crushed" the city as several local breweries were forced to close their doors.

Persons: Kirk Watson, Watson, SUZANNE CORDEIRO, Austin Organizations: Service, Austin, Dallas Federal Reserve, Star, Banking, Dallas Fed, Dallas Fed's, Six Flags, Houston . Houston Chronicle, Hearst Newspapers, Getty, Texas, Texas State Locations: Texas, . Texas, Dallas, Dallas Fed's Texas, SeaWorld, Colorado, Utah, Antonio, Houston ., Arlington, cabanas

"There are many other law firms with similar racially discriminatory programs," Blum said in a statement. "It is to be hoped that these firms proactively open their programs to all law students before they are sued in federal court." The paid fellowships were designed in part to help support the recruitment of people of color, which major law firms have long struggled to add to their partnership ranks. Last year, people of color comprised 11.4% of all partners in major U.S. law firms, according to the National Association for Law Placement. The lawsuit alleged the fellowship program violated a Civil War-era law enacted to protect formerly enslaved Black people that bars racial bias in contracting.

Persons: Edward Blum, Morrison, Foerster, firm's, Edward Blum's, Perkins Coie, Blum, Blum's, Fearless Fund's, Nate Raymond, Alexia Garamfalvi, Bill Berkrot Organizations: Fair, Harvard University, Wednesday, Edward Blum's American Alliance for Equal Rights, National Association for Law, U.S, Supreme, Harvard, University of North, Thomson Locations: Boston, Dallas, Seattle, University of North Carolina

☆ Fed's Logan: can skip Sept rate hike, but 'there is work left to do'
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

Federal Reserve Bank of Dallas President Lorie Logan walks to the opening dinner of the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, U.S., August 24, 2023. My base case, though, is that there is work left to do," she said in remarks prepared for delivery to the Dallas Business Club at Southern Methodist University. "After the unacceptably rapid price increases of the past several years, I’m not yet convinced that we’ve extinguished excess inflation." "Another skip could be appropriate when we meet later this month," Logan said, referring to the Fed's upcoming Sept. 19-20 meeting. "In coming months, further evaluation of the data and outlook could confirm that we need to do more to extinguish inflation."

Persons: Lorie Logan, Ann Saphir, I’m, Logan, Diane Craft Organizations: Reserve Bank, Dallas, Kansas City, REUTERS, Dallas Federal Reserve Bank, U.S, Dallas Business Club, Southern Methodist University, Fed, Thomson Locations: Kansas, Jackson Hole , Wyoming, U.S

☆ Morning Bid: Restive markets simmer after oil sideswipe
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2023. That's a moment in the whole disinflation story as it virtually wipes out the negative annual base effect so powerful this year in helping drag headline inflation rates back down. The more complicated inflation picture comes against the week's downbeat business surveys from Europe and Japan. That take was reinforced overnight by a New York Fed study that suggested the theoretical 'neutral' interest rate keeping the economy at equilibrium continued to fall in the second quarter. The energy picture saw Asia and European bourses in the red again, with Japan's Nikkei (.N225) bucking the trend.

Persons: Brendan McDermid, Mike Dolan Roiled, Lorie Logan, Susan Collins, Mike Dolan, John Stonestreet Organizations: New York Stock Exchange, REUTERS, Treasury, Bank of Canada, New, New York Fed, NY, Japan's Nikkei, Dallas Federal, Boston Fed, Reuters Graphics Reuters, Thomson, Reuters Locations: New York City, U.S, Saudi Arabia, Russia, That's, Europe, Japan . U.S, New York, Asia, European, Canada

☆ Morning Bid: Data-hit bond markets end summer lull
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +4 min

On top of that, there were signs that activity at dominant U.S. service sector firms picked up steam again last month too. Friday's release of the Labor Department's monthly national payrolls report will seal the picture. U.S. Treasury yields hit 16-year highs above 5%, German equivalents hit their highest in 15 years and British gilt yields scaled 2008 peaks. The VIX (.VIX) gauge of implied Wall St volatility - which had been peculiarly subdued right through last month - jumped to its highest since June 1. Crucially, 2-year Treasury yields edged back below 5%.

Persons: Mike Dolan, Lorie Logan, payrolls, HSI, Janet Yellen's, Elon, Lorrie Logan, Christine Lagarde, Joachim Nagel, Bank of England policymaker Catherine Mann, Emelia Sithole Organizations: readouts, Federal, Labor, Dallas Fed, Fed, Treasury, Nikkei, Twitter, Meta, Dallas Federal, Central Bank, Bank of England, NATO, Vilnius Reuters Graphics, Reuters Graphics Reuters, PMI Reuters Graphics Reuters, Thomson, Reuters Locations: U.S, China, Canada, New York, Vilnius Reuters

☆ Morning Bid: Markets labor on China, three jobs gauges
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanWorld markets have taken a hit from a deepening selloff in China as they await critical health checks on U.S. employment over the next two days. Although Fed futures pricing for the year ahead changed little overnight, two-year U.S. Treasury yields edged up closer to 5%. ADP's June take on private sector payrolls, the latest weekly jobless claims numbers and details of May job openings all hit the slate later. Consensus forecasts have ADP reporting another 228,000 jobs last month, jobless claims ticking higher last week and vacancies falling in May. Events to watch for later on Thursday:* U.S. June ADP private sector jobs report, weekly jobless claims and May JOLTS job openings data.

Persons: Mike Dolan, Janet Yellen, Goldman Sachs, restating, John Williams, Elon Musk, Lorrie Logan, Elaine Organizations: U.S, Treasury, Goldman, Federal, New York Fed, Labor Department's, Dallas Federal, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, China, Beijing, Hong Kong, Shanghai, Tokyo, Seoul, British, Europe

☆ Morning Bid: China supports, peak rate haze
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +4 min

It made its displeasure at further yuan weakness clear on Tuesday, lifting official daily targets while state banks sold dollars. Even though investors seemed to bat away the bizarre weekend events in Russia, the murky Western interest rate picture continues to hamper European and U.S. stocks. Central bankers meeting at an annual European Central Bank forum in Portugal dissuaded markets from betting on a peak in the interest rate cycle just yet. While those comments are likely more directed at European policymakers, where disinflation is lagging, markets also still expect the Fed to push ahead with at least one more interest rate rise next month. The hawkish rate picture didn't deter demand for two-year Treasury notes at Monday's auction, however, and 2-year yields slipped below 4.70% on Tuesday.

Persons: Mike Dolan, Li Qiang, Hong Kong's, Christine Lagarde, Lagarde, Gita Gopinath, Morgan Stanley, Emelia Sithole Organizations: Federal, Economic, Bank of Japan, European Central Bank, ECB, Conference, University of Michigan's, Dallas Federal, Richmond Fed, Central Bank, Treasury, Walgreens, Reuters, Thomson Locations: U.S, China, Beijing, Tianjin, Shanghai, Russia, Portugal, Sintra

☆ Morning Bid: World markets calm after Russia drama
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +5 min

More perplexed by events than anything else, world markets stayed relatively calm on Monday after a dramatic Russian military mutiny at the weekend was uneasily quelled. For Russian markets themselves, the rouble slipped to 15-month lows - but it too had been falling last week as oil prices ebbed. Largely now isolated from western investment, Russian stocks fell about 1%. U.S. Treasury yields slipped lower, perhaps with a smidgen of a safety bid from the weekend events helping too. Turkey's lira slid again to record lows after the central bank took steps to simplify rules governing lenders' holdings and foreign deposits after a sharp but underwhelming interest rate rise last week.

Persons: Mike Dolan, uneasily, Vladimir Putin, Leonardo, Raphael Bostic, James Bullard, Loretta Mester, Ed Osmond Organizations: Wall, Saab, Rheinmetall, Brent, . U.S, Treasury, Bank for International Settlements, HSBC, Dallas Federal, Central Bank, Central Banking, Atlanta Federal Reserve, St Louis Fed, Cleveland Fed, PMI, Thomson, Reuters Locations: U.S, Ukraine, Moscow, Shanghai, Europe, United States, ., Canary Wharf, London, Sintra, Portugal

☆ Fed looks unlikely to cut rates even into 2024, says former Dallas Fed President Richard Fisher
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed looks unlikely to cut rates even into 2024, says former Dallas Fed President Richard FisherRichard Fisher, Former Dallas Federal Reserve president, joins 'Closing Bell' to discuss what the central bank's next moves might look like.

Persons: Richard Fisher Richard Fisher Organizations: Dallas Fed, Former Dallas Federal Reserve

☆ Wall St Week Ahead Debt ceiling deal may shift investor focus to further Fed action
▼ + stars: | 2023-05-26 | by ( David Randall | ) www.reuters.com time to read: +4 min

Megacap technology and growth stocks, which benefit from lower interest rates, have led the market's advance. A Congressional package raising the debt ceiling, meanwhile, is expected to cap spending on government programs. The debt ceiling impasse had weighed on stocks in recent days, but for the most part investors had been expecting Washington to reach a deal. At the same time, the equity market has only just begun to start pricing in more Fed hikes, she added. "The ongoing effects of monetary policy now are setting us up for this wall of debt that people aren't talking about with enough vigor," he said.

☆ CNBC Daily Open: Time to exhale and breathe
▼ + stars: | 2023-05-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

A trader walks out of the New York Stock Exchange (NYSE) on Wall Street in New York City on May 12, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dallas Federal Reserve President Lorie Logan, a voting member of the Federal Open Market Committee, thinks economic data don't support a pause in rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Exhale and breathe
▼ + stars: | 2023-05-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

People walk by the bronze sculpture 'Fearless Girl' outside of the New York Stock Exchange (NYSE) on April 21, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dallas Federal Reserve President Lorie Logan, a voting member of the Federal Open Market Committee, thinks economic data don't support a pause in rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.

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