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Search resuls for: "John Ryding"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed needs to think of the slow rate of layoffs when thinking about rate cuts: Brean Capital's RydingJohn Ryding, Brean Capital chief economic advisor, joins 'Squawk Box' to discuss the latest economic data to cross the tape, consumers that are hesitant to spend money, and what to expect from the Federal Reserve going forward.
Persons: John Ryding Organizations: Fed, Brean, Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJerome Powell should go with 25 basis points and stay with the strategy, says Brean's John RydingMegan Greene, Kroll Global chief economist and Brown senior fellow, and John Ryding, Brean Capital chief economic advisor, join 'Squawk Box' to discuss their thoughts on what the Federal Reserve should do in taming inflation, what caused Silicon Valley Bank collapse, and more.
That is, the Fed will hike and hold, not hike and cut as many in the markets had been forecasting. The September CNBC Fed Survey shows the average respondent believes the Fed will hike 0.75 percentage point, or 75 basis points, at Wednesday's meeting, bringing the federal funds rate to 3.1%. The new peak rate forecast represents a nearly 40 basis-point increase from the July survey. Ryding sees a potential need for the Fed to hike as high as 5%, from the current range of 2.25%-2.5%. Respondents put the recession probability in the U.S. over the next 12 months at 52%, little changed from the July survey.
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