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☆ Fed officials are now considering fewer rate cuts this year
▼ + stars: | 2024-03-26 | by ( Elisabeth Buchwald | Bryan Mena | ) edition.cnn.com time to read: +7 min

That’s because some Federal Reserve officials are reconsidering forecasts they made three months ago that called for three rate cuts this year. The stakes are high because there are consequences if the Fed cuts rates soon or if it leaves rates where they’ve been for the past eight months. First rate cut hinges on inflation dataIn February, Bostic told CNN that the first rate cut could come “sometime in the summertime.” That’s also Wall Street’s current expectation. He hasn’t specified — and is unlikely to signal — the number of rate cuts he believes are appropriate for this year. He has cheered inflation’s descent and said further improvement could open the door to rate cuts — if that actually bears out.

Persons: they’ve, Raphael Bostic, ” Bostic, Bostic, That’s, Powell hasn’t, Price, Nam, ” David Page, Powell, Rather, Jerome Powell, Chip Somodevilla, Lisa Cook, Austan Goolsbee, ”, we’ve, we’re, Goolsbee, Christopher Waller Organizations: CNN, Federal Reserve, Atlanta Fed, Index, AXA, Federal, ”, Harvard University, Chicago, Yahoo Finance, Fed, San Francisco Fed Locations: New York

☆ Mouthwatering tamale recipes you can (and should!) make at home
▼ + stars: | 2023-12-03 | by ( Meghan Hynes Cole For Food Network | ) edition.cnn.com time to read: +4 min

The hearty Mexican dish includes a flavorful filling wrapped in masa, then steamed in corn husks. Once you unwrap a freshly made tamale at your own table and take a bite, you’ll know your effort was worth it. This recipe encompasses Vianney’s love for her abuelita and honors her memory with a twist on chicken tamales. “The dried flowers also add a fragrant, earthy taste to the poached chicken filling,” Vianney says. Everyone has their favorite filling — chicken, beef and pork are all popular.

Persons: Jason David Page, Vianney Rodriguez, marigolds, Dia, ” Vianney, Emile Wamsteker, poblano, Teri Lyn Fisher, masa, Michael Moriatis Organizations: Food Network, Muertos, Television Food Network, Food Locations: masa, United States, Dia de, Oaxaca, Mexico, chiles

The collective impact of higher rates across the economy could also weaken the government's own finances. With borrowing rates high and inflation still relatively elevated, consumers, who drive about 70% of economic growth, are expected to spend more cautiously. “Those tighter, higher rates will have an impact on the economy.”Financial analysts point to several reasons for the rapid increase in lending rates. Overseas buyers have reduced their purchases, thereby forcing rates higher to attract buyers. “All of that is driving these fears of higher rates, and no one knows when it’s going to stop,” said Gennadiy Goldberg, head of US rates strategy at TD Securities.

Persons: Kevin McCarthy, Goldman Sachs, Goldman, Freddie Mac, Loretta Mester, ” Mester, it’s, ”, Gennadiy Goldberg, Benson Durham, Piper Sandler, Durham, Jerome Powell, ‘, we’re, ’ ”, Nancy Vanden Houten, David Page Organizations: WASHINGTON, United Auto Workers, Representatives, Republican, Treasury, Federal Reserve Bank of Cleveland, ”, Fed, Treasury Department, TD Securities, Oxford Economics, AXA Locations: U.S, ’ ” Durham, London

☆ The Fed has to portray itself as tough on inflation even as it pushes through a smaller rate hike
▼ + stars: | 2022-12-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

"The Fed has been saying for some time that it wants to slow the pace of tightening. The fed funds target rate range is currently 3.75% to 4%. "But then the press conference would cause a bit of a whipsaw if he sounds hawkish," she said. "I think the most interesting thing will be the press conference," said Rick Rieder, BlackRock chief investment officer of global fixed income. "I think we've heard two different types of sentiment from the chair between the latest press conference and Brookings."

☆ November job growth slowed but will still show strength despite layoffs, hiring freezes
▼ + stars: | 2022-12-01 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

Job growth in November was expected to have slowed while remaining strong, even in the face of layoffs and job freezes at major companies. The economy is expected to have added 200,000 jobs, less than the 261,000 in October, according to Dow Jones. Economists forecast the unemployment rate was steady at 3.7%, and average wage growth slowed to 0.3% month-over-month, from 0.4% in October. She said the number of workers out for illness could continue to be a factor, and there have been more announcements of hiring freezes. But big tech and venture capital backed firms are not hiring as much, or are reducing workforces, he added.

☆ Reactions: Britain's finance minister unveils "mini budget"
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +5 min

Britain's blue-chip stocks (.FTSE)remained mired in the red, in line with a broader equity-market decline. FOREX: Sterling extended losses, falling 1.9% on the day to around $1.1047, having hit a new 37-year low earlier on. British homebuilders and household goods makers hit session highs, buoyed by the prospect of consumers getting tax breaks. The tax-cutting budget and ‘go for broke’ growth aims are unlikely to change the longer-term bearish GBP trend." If you get more fiscal stimulus and less monetary stimulus, that’s something that’s buoyant for the currency.

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