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☆ Treasury yields rise as investors weigh economic, geopolitical outlook
▼ + stars: | 2024-10-02 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield was last up by 2 basis points at 3.766%. The yield on the 2-year Treasury was last less than 1 basis point higher at 3.625%. Treasury yields were last higher on Wednesday as investors weighed the state of the U.S. economy and considered the latest developments in the Middle East. Powell also said that the recent 50 basis point rate cut from the Fed should not be taken as a signal that the central bank will continue cutting rates aggressively. Treasury yields had pulled back Tuesday as investors looked to them for safety among the developments in the region.

Persons: Dow Jones, Jerome Powell, Powell Organizations: Treasury, U.S . Labor, Federal Reserve, Investors, Tuesday Locations: U.S, Iran, Israel, Lebanon

☆ U.S. economy 'doesn't need a strong rate cut to keep on growing,' economist says
▼ + stars: | 2024-09-16 | 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 EmailU.S. economy 'doesn't need a strong rate cut to keep on growing,' economist saysCarl Weinberg, chief economist at High Frequency Economics, discusses the state of the U.S. economy and Federal Reserve monetary policy decisions.

Persons: Carl Weinberg Organizations: U.S, Federal Reserve Locations: U.S

☆ S&P 500 futures are little changed as Wall Street awaits Fed decision: Live updates
▼ + stars: | 2024-07-30 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

S&P 500 futures are near flat Tuesday night as investors parsed the latest earnings reports and readied for the Federal Reserve monetary policy decision coming Wednesday afternoon. Futures tied to the broad index lost 0.1%, while Nasdaq 100 futures ticked higher by 0.2%. Fed funds futures are pricing in a strong likelihood that central bankers will keep rates steady at the 5.25% to 5.5% range, according to CME's FedWatch Tool. The S&P 500 and Nasdaq are tracking to end July down 0.4% and 3.3%, respectively. The Dow and Russell 2000 are slated to finish the month higher by more than 4% and 9%, respectively.

Persons: Dow, Russell, Jerome Powell, CME's, Powell, Bryce Doty Organizations: New York Stock Exchange, Federal Reserve, Nasdaq, Dow Jones, Microsoft, Sit Investment, Fed, Boeing, Albemarle, Qualcomm, Etsy

☆ Treasury yields fall ahead of key economic data
▼ + stars: | 2024-07-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over five basis points to 4.2349%. The 2-year Treasury yield was last more than five basis points lower to 4.3585%. U.S. Treasury yields declined on Thursday as investors awaited key economic data points that could inform Federal Reserve monetary policy. Investors awaited key data as they considered the state of the U.S. economy and the outlook for interest rates. The data will provide more hints about the state of the economy and comes ahead of key inflation figures due Friday in form of the personal consumption expenditures price index.

Organizations: Treasury, U.S, PMI Locations: U.S

☆ Treasury yields rise as investors look to inflation data due in week ahead
▼ + stars: | 2024-07-08 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by over 3 basis points at 4.31%. The 2-year Treasury yield also climbed more than 3 basis points to 4.633%. U.S. Treasury yields were higher on Monday as investors looked ahead to key economic data due throughout the week, including fresh inflation insights. Data released Friday showed that nonfarm payrolls increased by 206,000 in June, more than the 200,000 Dow Jones forecast. Minutes from the Fed's latest meeting published last week showed that policymakers are looking for more evidence that inflation is easing before deciding to move rates.

Persons: Dow Jones, Jerome Powell Organizations: Treasury, U.S, Federal Reserve, Dow

☆ Fed Chair Powell is 'running a risk' of inflation rising again, economist says
▼ + stars: | 2024-05-15 | 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 EmailFed Chair Powell is 'running a risk' of inflation rising again, economist saysSteven Blitz, chief U.S. economist at TS Lombard, discusses the outlook for U.S. inflation and Federal Reserve monetary policy.

Persons: Powell, Steven Blitz Organizations: TS Lombard, Federal Reserve

☆ Treasury yields fall as investors consider Fed policy path
▼ + stars: | 2024-05-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last over one basis point lower to 4.8095%. U.S. Treasury yields declined on Tuesday as investors considered the outlook for Federal Reserve monetary policy following the latest economic data and remarks from central bank officials. In recent weeks, expectations have moved toward there being fewer rate cuts in 2024 than previously expected, or even none. Barkin's comments came after a weaker-than-expected April jobs report released at the end of last week had buoyed hopes about rate cuts. More Fed policymakers are slated to make remarks throughout the week, which investors will be watching closely for additional hints about the policy outlook.

Persons: Tom Barkin Organizations: Treasury, U.S, Federal Reserve, Investors, Richmond Federal, Fed

☆ Federal Reserve monetary policy will be about 'totality of data,' economist says
▼ + stars: | 2024-05-02 | 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 EmailFederal Reserve monetary policy will be about 'totality of data,' economist saysJanet Henry, chief global economist at HSBC, discusses the state of the U.S. economy and the outlook for Federal Reserve policy.

Persons: Janet Henry Organizations: HSBC, Federal Reserve Locations: U.S

☆ One interest rate cut in 2024 'looks quite reasonable,' strategist says
▼ + stars: | 2024-04-30 | 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 EmailOne interest rate cut in 2024 'looks quite reasonable,' strategist saysMadison Faller, global market strategist at J.P. Morgan, discusses the outlook for Federal Reserve monetary policy and the state of the U.S. economy.

Persons: Madison Faller, Morgan Organizations: Federal Reserve Locations: U.S

☆ Treasury yields ease slightly ahead of key inflation data
▼ + stars: | 2024-04-26 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury was down by over three basis points to 4.6754%. The yield on the 2-year Treasury was last more than one basis point lower at 4.9850%. U.S. Treasury yields fell on Friday as investors digested Thursday's gross domestic product report and looked ahead to the release of key inflation figures. The yields on the 10-year Treasury and 2-year Treasury had soared to their highest levels since November on Thursday, following the release of a weaker-than-expected U.S. gross domestic product reading. Fresh inflation insights are expected Friday in form of the personal consumption expenditures price index, the Fed's favored inflation gauge.

Persons: Dow Jones Organizations: Treasury, U.S, Federal Reserve, PCE

Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2024. Stock futures fell sharply Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. Futures tied to the Dow Jones Industrial Average fell 419 points or 1.1%. Along with the downbeat growth rate for the quarter, the report showed consumer prices increased at a 3.4% pace, well above the previous quarter's 1.8% advance. Following the GDP print, traders moved down expectations for an easing of Federal Reserve monetary policy.

Persons: Dow Jones, Chris Larkin, Morgan Stanley Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Treasury, Dow, Federal Reserve, Federal, Traders

☆ Dow drops more than 600 points on inflation and growth concerns, heads for biggest drop of the year: Live updates
▼ + stars: | 2024-04-25 | by ( Brian Evans | ) www.cnbc.com time to read: +6 min

Economists polled by Dow Jones forecast GDP growth would come in at 2.4%. Tech tumbleThe lackluster GDP added further pressure to an already-tense market contending with concerns over a pullback in growth among technology earnings. "This report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting," wrote Chris Zaccarelli, investment chief at Independent Advisor Alliance. Investors are hoping the PCE report, which is the Fed's preferred measure of inflation, will show an improvement in pricing pressures after the March consumer inflation report came in hotter than expected. — Brian Evans8:58 a.m.: 10-year Treasury yield jumps to highest level since NovemberThe 10-year Treasury yield broke above 4.7% following the GDP report, hitting its highest level since November.

Persons: Johannes Eisele, Dow Jones, Chris Larkin, Morgan Stanley, Meta, Thierry Wizman, UnitedHealth, Alex Harring, Mark Zuckerberg's, Hakyung Kim, Fred Imbert, Chris Zaccarelli, Sarah Min, — Brian Evans, — Jesse Pound Organizations: New York Stock Exchange, AFP, Getty, Dow Jones, Caterpillar, IBM, Nasdaq, Dow, Federal Reserve, Federal, Traders, Meta, Business Machines, FX, Macquarie, Microsoft, Amazon, Merck, York Stock Exchange, Independent, Alliance, Investors, Treasury, Gross

☆ Treasury yields rise as investors look to key data in week ahead
▼ + stars: | 2024-04-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields rose on Monday as investors looked to economic data in the week ahead that could provide fresh hints about the state of the economy and outlook for interest rates. Investors awaited fresh economic data as uncertainty about the outlook for the U.S. economy and Federal Reserve monetary policy persisted. Several key data points are slated for the week, including the personal consumption expenditures price index for March, which is due Friday. The PCE is the Fed's favored inflation gauge and could inform policymakers' thinking about what could lie ahead for interest rate cuts ahead of the next Fed policy meeting on April 30-May 1. Durable goods orders and a reading of the gross domestic product for the first quarter of 2024 are among the other key data points due throughout the week.

Persons: Jerome Powell Organizations: Treasury, U.S, Investors, Federal Reserve, PCE, Fed Locations: U.S

☆ Treasury yields rise as investors consider economic and geopolitical outlook
▼ + stars: | 2024-04-15 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields climbed Monday as investors considered the outlook for the economy and looked ahead to fresh data and comments from Federal Reserve officials. Traders also assessed geopolitical tensionsInvestors considered the path ahead for the economy and monetary policy following the latest inflation data and looked to fresh economic reports due in the week ahead. That came as questions about the outlook for the economy as well as Federal Reserve monetary policy and especially interest rate cuts were already widespread. In the week ahead, investors will be looking to economic data for fresh hints about the state of the economy. Various Fed policymakers are also expected to give remarks, which investors will be scanning for clues about the monetary policy outlook.

Organizations: Treasury, U.S, Federal Reserve, Traders, PPI Locations: East, Iran, Israel

☆ Treasury yields hold steady ahead of consumer inflation data
▼ + stars: | 2024-04-10 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Yields and prices move in opposite directions, and one basis point is equivalent to 0.01%. The yield on the 2-year Treasury was last at 4.7449% after dipping by less than one basis point. U.S. Treasury yields were little changed on Wednesday, as investors looked out for the release of U.S. consumer inflation data later in the day, which could signal the outlook for interest rates. Investors awaited fresh inflation figures, as uncertainty about the path ahead for Federal Reserve monetary policy, specifically for interest rates, has grown in recent weeks. The consumer price index for March is due out on Wednesday, ahead of the producer price index that will be released on Thursday.

Persons: Dow Jones Organizations: Treasury, Investors, Federal Reserve, CPI

☆ Treasury yields inch higher as investors await wholesale inflation data
▼ + stars: | 2024-03-14 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Yields and prices move in opposite directions and one basis point equals 0.01%. ET, the yield on the 10-year Treasury was up by less than one basis point to 4.1977%. The 2-year Treasury yield was last at 4.6302% also less than a basis point higher. U.S. Treasury yields were slightly higher on Thursday as investors looked to additional inflation data that could inform Federal Reserve monetary policy decisions. Investors are looking ahead to the second set of key inflation this week, the producer price index for February.

Persons: Dow Jones Organizations: Treasury, PPI, Federal

☆ Treasury yields rise as investors weigh latest economic data
▼ + stars: | 2024-02-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was over two basis points higher to 4.2635%. The 2-year Treasury yield was last trading at 4.6075% after rising by close to four basis points. U.S. Treasury yields were higher on Friday as investors considered fresh economic data and what it could mean for Federal Reserve monetary policy. Data published on Thursday showed that retail sales figures fell by 0.8%, which was far more than expected in January. Investors have been closely watching economic data for hints about whether the economy is easing, which could hint at interest rate cuts beginning soon.

Persons: Dow Jones, — Organizations: Treasury, U.S, Federal Reserve

☆ Seaport Research says a correction is here: 'The market is too narrow and policy is too tight'
▼ + stars: | 2024-02-06 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

"The market is too narrow and policy is too tight," Seaport macro strategist Victor Cossel wrote Tuesday. Cossel said the current market breadth for the S & P 500 , the Nasdaq 100 and the Russell 2000 is rolling over into the new year. Stocks have slipped to start the week after both the S & P 500 and Dow Jones Industrial Average closed at fresh record highs Friday . Tech stocks have led the charge that has driven the overall market higher, boosted by earnings results from Amazon and Facebook parent Meta Platforms . But the outperformance of tech stocks may come at a price to the broader market, Cossel said.

Persons: Victor Cossel, Cossel, Russell, Eli Lilly, Jerome Powell, — CNBC's Michael Bloom Organizations: Seaport Research Partners, Nasdaq, Federal, Dow Jones, Tech, Amazon, Facebook, Nvidia, Meta, Microsoft

☆ Treasury yields fall as investors await labor market data
▼ + stars: | 2023-12-05 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the benchmark 10-year Treasury was down by over 4 basis points at 4.239%. U.S. Treasury yields declined Tuesday as investors awaited jobs data that could provide hints about the state of the economy and the impact of restrictive Federal Reserve monetary policy. The Fed is widely expected to keep interest rates unchanged then, and many investors are still hoping for guidance around when policymakers may start thinking about cutting rates. Various economic data points are, however, expected beforehand and could provide hints about the state of the economy and whether higher interest rates are having their desired effect in cooling the economy. Later in the week, ADP's private payrolls report, as well as nonfarm payrolls and unemployment data for November, are expected.

Persons: Jerome Powell Organizations: Treasury, U.S, Federal Reserve, Fed

☆ Treasury yields are slightly higher as investors await fresh inflation insights
▼ + stars: | 2023-11-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Yields and prices have an inverted relationship and one basis point equals 0.01%. The 10-year Treasury yield was up by 2 basis point at 4.299%, after having fallen below 4.3% for the first time since September on Wednesday. The 2-year Treasury yield was nearly 1 basis point higher at 4.657%. U.S. Treasury yields held steady on Thursday as investors assessed the outlook for Federal reserve monetary policy and awaited key economic data that could give fresh inflation insights. Also on Thursday, initial weekly jobless claims and pending home sales for October are expected and euro zone inflation data for November will be published.

Persons: Christopher Waller, Jerome Powell Organizations: Wednesday, Wednesday . U.S, Treasury, Federal Reserve, Fed Locations: Wednesday .

☆ Treasury yields are little changed as investors await Fed meeting minutes
▼ + stars: | 2023-11-21 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was less than 1 basis point lower at 4.42%. The 2-year Treasury yield was last at 4.913%. U.S. Treasury yields were little changed Tuesday as investors looked to the release of minutes from the Federal Reserve's latest meeting and assessed the state of the economy. Treasury yields fell after an auction of 20-year Treasury notes worth a total of $16 billion that saw slightly higher than average demand on Monday. Questions about when the Fed may start cutting rates and if a recession is likely to hit the U.S. economy have instead grown louder among investors.

Persons: Jerome Powell Organizations: Treasury, U.S, Federal, Federal Reserve, Fed

☆ Exclusive: China's state banks seen swapping and selling dollars for yuan
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +3 min

Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Nov 21 (Reuters) - China's major state-owned banks were seen exchanging yuan for U.S. dollars in the onshore swap market and selling those dollars in spot currency markets this week, two sources told Reuters on Tuesday. Some market participants said state banks might be trying to speed the yuan's gains and spur exporters to convert more of their FX receipts into yuan. The selling of dollars by state banks caused the onshore spot yuan to briefly touch 7.1296 per dollar, firmer than its daily official guidance for the first time in four months. To me, it looks like they are doing preparatory work ahead of a policy rate cut," said Kiyong Seong, lead Asia macro strategist at Societe Generale.

Persons: Yuan, Dado Ruvic, Kiyong Seong, Zhi Xiaojia, Zhi, Simon Cameron, Moore, Clarence Fernandez Organizations: REUTERS, Rights, Reuters, Federal, People's Bank of China, Societe Generale, Credit Agricole, Shanghai, Thomson Locations: Asia, China, United States

☆ We're not headed for another global financial crisis, top UBS economist says after recession warning
▼ + stars: | 2023-11-15 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

U.S. credit card debt soared to $1.08 trillion in the third quarter of 2023, data from the Federal Reserve Bank of New York showed earlier this month. "I don't think we're facing the next GFC [global financial crisis]," he said on the sidelines of the UBS European Conference. Credit tightening does play a role when it comes to the lag of Federal Reserve monetary policy filtering through to the economy, Pingle suggested. The Federal Reserve began hiking interest rates in March 2022 in an effort to ease inflation and cool the economy. "It's great news for the Federal Reserve in their quest to restore price stability," Pingle told CNBC on Wednesday.

Persons: Jonathan Pingle, Pingle, CNBC's Joumanna Bercetche, It's Organizations: UBS, Federal Reserve Bank of New York, UBS European Conference, Silicon Valley Bank, Federal Reserve, CNBC, Wednesday, Fed Locations: Silicon

☆ Oil dips as caution about data-heavy week offsets Mid-East war boost
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: +1 min

Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China's manufacturing data later this week, offsetting support from geopolitical tensions in the Middle East. "Despite an escalation in the Hamas-Israel war, the ground invasion was widely expected," Teng said. "The weekend playout signals no further expansion into a wider regional war, which caused a retreat in oil prices." Last week, Brent and WTI marked their first weekly fall in three weeks as developments in the Middle East keep investors on edge and prices volatile. 2 oil consumer after Beijing launched a burst of supportive policy measures.

Persons: Tina Teng, Brent, WTI, Israel, stoking, Teng Organizations: Raffles, Brent, West Texas, Federal Reserve, Apple Inc, CMC Locations: Yantai, East China's Shandong province, Gaza, Hamas, Israel, China, Beijing

The yield on the 10-year Treasury was up by 4 basis points at 4.888%. The 2-year Treasury yield was trading more than 3 basis points higher at 5.048%. U.S. Treasury yields were higher on Monday to kick off a big week of events including a Federal Reserve monetary policy meeting and the release of key economic data. Uncertainty has grown since the last Fed meeting in September, when policymakers suggested one further rate hike this year was likely. However, Treasury yields have spiked since then, with the 10-year Treasury yield rising above 5% last week, prompting several Fed officials to say rates do not need to go any higher as elevated yields effectively work to ease the economy.

Organizations: Treasury, U.S, Federal

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