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Some analysts are eyeing zero rate cuts from the Fed this year. AdvertisementAfter the latest jobs report all but dismissed an interest rate cut in July, some analysts are taking it a step further, and expect no rate cuts at all this calendar year. That's more pessimistic than what investors continue to bet on, with fed fund futures indicating at least one 25-basis point rate cut to occur in 2024. According to market veteran Ed Yardeni, the Federal Reserve should "take a vacation," and leave interest rates unchanged through 2024, he told CNBC-TV18. AdvertisementMeanwhile, Catalyst Capital's David Miller agreed that the Fed shouldn't cut interest rates in 2024, citing that this would allow inflation to run hotter.
Persons: RBC's Lori Calvasina, , That's, It's, Lori Calvasina, Ed Yardeni, Capital's David Miller, Mark Zandi, I've Organizations: Service, Bloomberg, Treasury, Federal, CNBC, TV18, Yardeni Research, Moody Analytics, Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecession looks unlikely if consumers remain resilient, says Moody's Mark ZandiCNBC's Steve Liesman and Mark Zandi, Moody Analytics chief economist, join 'The Exchange' to discuss the Fed and economy.
Persons: Mark Zandi, Steve Liesman Organizations: Moody Analytics
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Moody's Mark Zandi on recession chances and economic outlookCNBC's Steve Liesman and Mark Zandi, Moody Analytics chief economist, join 'The Exchange' to discuss the Fed and economy.
Persons: Moody's Mark Zandi, Steve Liesman, Mark Zandi Organizations: Moody Analytics
Why Maui’s rebuilding effort will be so expensive
  + stars: | 2023-08-18 | by ( Chris Isidore | ) edition.cnn.com   time to read: +4 min
All told, doing business in Hawaii is about 30% more expensive than the cost of doing business in the rest of the United States, according to Moody Analytics. “Based on similar historical events, this is likely conservative, as building delays and supply and demand cause additional pressures on reconstruction costs,” said Verisk. Construction permitting generally takes longer in Hawaii than most mainland locations, said Jessica Leorna, CEO of the state’s Building Industry Association. That’s especially true for construction workers, who were in short supply even before the fires, according to the state’s Building Industry Association. And workers from elsewhere in the state or the Southeast could drive home on weekends,” he said.
Persons: , Beau Nobmann, Jae C, ” Jason Thies, Nobmann, Jessica Leorna, Jones, it’s, Adam Kamins, there’s, Ian, “ That’s Organizations: New, New York CNN, Moody Analytics, HPM, Homes, Industry Association, Labor, Labor Department, state’s, Moody’s Analytics, Moody’s Locations: New York, Maui, United States, Hawaii, Lahaina , Hawaii, Canada, Asia, West Coast, California, Washington, Hawaii’s, Florida
The worst of the banking crisis is over, says Moody's Mark Zandi
  + stars: | 2023-05-01 | 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 EmailThe worst of the banking crisis is over, says Moody's Mark ZandiMark Zandi, Moody Analytics chief economist, joins 'Squawk on the Street' to discuss Zandi's thoughts on the future bank transactions, how the First Republic closure gets folded into Powell's rate announcement and more.
Mark Zandi said a $1 trillion coin may be legal but is an unrealistic fix to the debt crisis. The law authorizing platinum coins had commemorative coins in mind, the Moody's chief economist said. "Proposed workarounds to the debt limit, like minting a $1 trillion platinum coin, would be unworkable," he wrote. His written remarks echo those of Treasury Secretary Janet Yellen, who previously dismissed the idea of a $1 trillion coin. Meanwhile, the Treasury has already reached the $31.4 trillion debt limit, and is able to use extraordinary measures to continue meeting its obligations.
NYC saw a rise of 5,000 cases of catalytic converter thefts in just one year. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyThere has been a stark rise in catalytic converter thefts across the country since 2019 and there's a chance Russia could make it worse. "Catalytic converters are easy to steal, but generally very difficult to trace to a specific vehicle, allowing them to be sold on the black market. The lack of traceable identifying marks makes the theft of catalytic converters difficult to curb," a NADA press release says. Catalytic converter thefts have spiked all over the world, including the United Kingdom and Japan, Insider previously reported.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech layoffs aren't contributing to significant unemployment, says Moody's Mark ZandiMark Zandi, Moody Analytics chief economist, joins 'Closing Bell' to discuss Salesforce and the layoffs in tech.
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