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☆ Earnings growth and rate cuts can't happen at the same time: strategist
▼ + stars: | 2023-10-18 | 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 Email12% earnings growth and multiple Fed rate cuts 'can't both happen at the same time': StrategistHugh Gimber, global market strategist at J.P. Morgan, discusses the outlook for U.S. Treasury yields and Federal Reserve monetary policy and how this could impact equity markets.

Persons: Hugh Gimber, Morgan Organizations: U.S, Treasury, Federal Reserve

☆ Treasury yields rise as investors await September jobs report
▼ + stars: | 2023-10-06 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

U.S. Treasury yields rose Friday as investors looked ahead to the release of the September jobs report, which could inform upcoming Federal Reserve monetary policy decisions. Investors are awaiting fresh data from the labor market in form of the September jobs report, which comes after a series of jobs data was released earlier in the week and could affect monetary policy. Economists surveyed by Dow Jones are expecting the jobs report to show that the U.S. economy added 170,000 jobs in September, which would be below August's 187,000. Should the report indicate continued tightness in the labor market, a further interest rate hike may be a possibility. Friday's jobs report comes after mixed labor market data published throughout the week.

Persons: Dow Jones Organizations: Treasury, U.S, Dow Locations: U.S

The 10-year Treasury yield was down by more than than 4 basis points at 4.595%, easing slightly from multiyear highs reached earlier in the week. The 2-year Treasury yield was more than 4 basis points lower at 5.119%. The yield on the 10-year U.S. Treasury fell Tuesday as investors weighed the path ahead for Federal Reserve monetary policy and looked to upcoming economic reports. Investors considered what could be ahead for interest rates and when the Fed may hike rates again. At the conclusion of its latest policy meeting, the central bank left rates unchanged but said it expected one further rate hike this year.

Organizations: Treasury, Federal Reserve, Investors, Fed, Moody's, Service

☆ Fed likely to keep one additional interest rate hike in 2023 dot plot, analyst says
▼ + stars: | 2023-09-20 | 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 likely to keep one additional interest rate hike in 2023 dot plot, analyst saysJamie Dutta, market analyst at Vantage, weighs in on the outlook for Federal Reserve monetary policy moves ahead of the central bank's upcoming interest rate decision.

Persons: Jamie Dutta Organizations: Federal Reserve

(Reuters) - U.S. stock index futures inched higher on Tuesday ahead of a Federal Reserve monetary policy meeting and as investors awaited grocery delivery app Instacart’s Nasdaq debut to assess a potential recovery in the IPO market. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. Arm Holdings last week had a stellar market debut, raising hopes of a bounce back in the initial public offering (IPO) market. Investors will closely monitor the Fed’s quarterly report on economic projections to gauge participating members’ longer-term policy outlook. While most of the key data releases on inflation are out, investors will keep an eye on U.S. housing data for August, due at 8:30 a.m.

Persons: Brendan McDermid, ”, Matthew Morgan, Alyssa Henry Organizations: Reuters, Federal, Nasdaq, New York Stock Exchange, REUTERS, Inc, Arm Holdings, Fed, Jupiter Asset, Traders, Dow e, Block, CVS Health Corp, ISI, Intel Locations: New York City, U.S, “

☆ Treasury yields rise as investors digest inflation data
▼ + stars: | 2023-09-15 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

The 2-year Treasury yield was last up by over two basis points to 5.043%. U.S. Treasury yields climbed on Friday as markets absorbed the latest economic data and investors considered what it may mean for interest rates. Investors considered the outlook for interest rates and looked to economic data ahead as they digested this week's inflation reports. Investors considered what the data could mean for Federal Reserve monetary policy after concerns about rates going higher still have grown. That was prompted by strong economic data and comments from Fed officials that left the possibility of further rate hikes on the table.

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

☆ Treasury yields hold steady as investors assess inflation data
▼ + stars: | 2023-09-14 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

U.S. Treasury yields were little changed on Thursday as investors considered the outlook for inflation following Wednesday's consumer price index report and awaited further key economic data. Investors digested Wednesday's consumer price index report, which came in just above expectations as it rose by 0.6% on a monthly basis and 3.7% from a year ago. Various Fed officials suggested rates may go higher still and cited economic data, especially that pertaining to inflation, as a pivotal factor for policy decisions ahead. Further inflation data is due Thursday in the form of the producer price index, which is expected to have increased by 0.4% on headline and 0.2% on core, according to a Dow Jones survey of economists. Retail sales and jobless claims figures are also due Thursday, followed by the latest consumer sentiment report on Friday.

Persons: Dow Jones Organizations: Treasury, U.S, CPI, Federal Reserve, Fed, Dow Locations: Dow Jones

U.S. Treasury yields were little changed Tuesday as investors considered the outlook for the economy, especially regarding inflation, and how it may be linked to Federal Reserve monetary policy. Investor attention was focused on key inflation data due later in the week that could inform the Fed's interest rate policy. August consumer inflation data is expected Wednesday, followed by wholesale inflation figures for the same month on Thursday. Investors will be scanning the data for hints about whether the central bank is likely to hike interest rates again this year. That has sparked renewed concerns among investors about what higher interest rates could mean for the economy and if a recession is looming.

Organizations: Treasury, U.S, Federal Reserve, Fed, European Central Bank

The 2-year Treasury yield was last down by about 2 basis point at 4.947%. Investors are assessing what could be next in store for interest rates, looking to economic developments for clues about the Federal Reserve's next moves. Some investors and analysts saw this as a potential signal that inflationary pressures may continue for longer, which could in turn impact the Fed's next interest rate decisions. Waller also left the window open for a further interest rate hike. Several Fed officials are also expected to make further remarks this week, which could provide investors with fresh hints about the monetary policy outlook.

Persons: Christopher Waller, Waller Organizations: Treasury, U.S Treasury, Federal Reserve, Investors, Federal Locations: Saudi Arabia

☆ Treasury yields dip as investors await fresh inflation insights
▼ + stars: | 2023-08-31 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield was trading 2 basis point lower at 4.09%. The 2-year Treasury yield was down by 1.9 basis points to 4.869%. U.S. Treasury yields fell on Thursday as investors looked to the release of key inflation data which could inform Federal Reserve monetary policy and provide insight into the state of the U.S. economy. The PCE is a key inflation gauge for the Fed and could therefore affect the central bank's monetary policy, especially regarding interest rates. ADP reported Wednesday that private employers added 177,000 jobs in August, well below the revised total of 371,000 added in July.

Persons: Jerome Powell, Dow Jones Organizations: U.S, Treasury, Investors, PCE, Fed Locations: U.S, Jackson

☆ 10-year Treasury yield slides as investors consider economic outlook
▼ + stars: | 2023-08-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over 8 basis points to 4.225%. This comes after the 10-year yield reached levels last seen in October 2022 on Thursday. The 2-year Treasury yield was down by more than 5 basis points to 4.908%. U.S. Treasury yields fell on Friday as investors considered the economic outlook, especially regarding inflation, and assessed what could be on the horizon for Federal Reserve monetary policy. Investors considered the state of the economy and assessed the outlook for Fed interest rate hikes after Wednesday's release of the minutes from the central bank's most recent meeting.

Organizations: Treasury, U.S, Federal Reserve, Investors, Fed

☆ 10-year Treasury yield rises as investors digest Fed meeting minutes
▼ + stars: | 2023-08-17 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

ET, the yield on the 10-year Treasury was 3 basis points higher at 4.288%, its highest level since October 2022. U.S. Treasury yields were mixed Thursday as investors digested minutes from the Federal Reserve's latest meeting and considered the outlook for inflation and interest rates. Investors weighed what could be next for inflation and Federal Reserve monetary policy as they digested the minutes from the central bank's last meeting in July, which were released on Wednesday. In July's meeting minutes, Fed officials noted that inflation was still too high, but there were signs that pressures from higher prices are easing. Fresh inflation data has been released since the central bank's July meeting and painted a mixed picture.

Organizations: Treasury, U.S, Federal, Federal Reserve, Philadelphia Federal Locations: Philadelphia

☆ Treasury yields are little changed as investors consider economic outlook
▼ + stars: | 2023-08-14 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury inched up by less than 1 basis point to 4.172%. The 2-year Treasury yield was trading up more than 3 basis point higher at 4.931%. U.S. Treasury yields were little changed Monday as investors digested the latest inflation data and looked ahead to key economic reports due throughout the week. Friday's producer price index for July had come in at 0.3% on a monthly basis, slightly higher than the 0.2% economists previously surveyed by Dow Jones had expected. Investors have been looking to inflation data for clues about whether the Fed will announce further interest rate increases or pause, or even end, its rate-hiking campaign.

Persons: Treasury inched, Dow Jones Organizations: Treasury, U.S, Investors, Federal Reserve, Fed

☆ 10-year Treasury yield falls as investors weigh interest rate outlook
▼ + stars: | 2023-08-08 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over 6 basis points to 4.016%. U.S. Treasury yields fell on Tuesday as investors assessed the outlook for interest rates and Federal Reserve monetary policy ahead of key inflation data due this week. Throughout the week and on Tuesday, several other policymakers are due to make remarks that could provide clues about their expectations for interest rates and the economy. Three Fed policy meetings remain this year, and investors have been considering whether or not there will be further rate increases. Inflation data due later this week could therefore affect the Fed's next moves.

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

Yields and prices have an inverted relationship and one basis point equals 0.01%. The 2-year Treasury was up by 4 basis points at 4.936%. U.S. Treasury yields held steady on Friday as investors awaited key labor market data that will give fresh insights into the state of the economy and could affect the Federal Reserve's next policy moves. Investors considered what could be next for the economy and Federal Reserve monetary policy as they awaited July's jobs report. Powell indicated that economic data will play a key role in such decisions.

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

☆ The BRICS are better off disbanding than expanding
▼ + stars: | 2023-07-31 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

(South Africa wasn’t on his list.) O’Neill likes to tease the BRICS that their economic performance subsequently went downhill - particularly after the much smaller South Africa joined in 2011. Since then, Russia, Brazil and South Africa have all struggled economically. The fault line between India and China, which fought a small war in the Himalayas in 2020, is one reason the BRICS club has done so little. Besides, most developing countries don’t want to be forced to choose sides in a showdown with the United States.

Persons: Jim O’Neill, Goldman Sachs, O’Neill, Vladimir Putin, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Africa wasn’t, Reuters Graphics Reuters, New Development Bank, Bank, Global, U.S ., Thomson Locations: TINOS, GREECE, Brazil, Russia, India, China, South Africa, Johannesburg, Africa, Africa’s, Saudi Arabia, Argentina, Egypt, Iran, Cuba, Kazakhstan, United States, Iraq, Republic, Ukraine, Russian, New Delhi, Soviet, Philippines, Mexico, Indonesia, Thailand, Nigeria, Vietnam, Malaysia, Bangladesh

☆ Treasury yields are little changed as investors assess inflation outlook
▼ + stars: | 2023-07-31 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield was up by 1 basis point at 3.983%. U.S. Treasury yields were mixed on Monday as investors digested the latest inflation data, which could affect Federal Reserve monetary policy, and considered the outlook for the economy. Investors considered what could be next for inflation and Fed monetary policy, especially regarding interest rates. That comes after Friday's reading of the personal consumption expenditures price index — the Fed's favored inflation gauge — suggested that inflation is cooling. Elsewhere, preliminary euro zone inflation data is due Monday and expected to show that pressures from rising prices are cooling, and the Bank of England is set to make an interest rate decision on Thursday.

Persons: Dow Jones, Jerome Powell Organizations: Treasury, U.S, Investors, PCE, Bank of England

☆ Treasury yields fall as investors assess state of U.S. economy
▼ + stars: | 2023-07-17 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last down by over 2 basis point to 4.725%. U.S. Treasury yields declined on Monday as investors considered the outlook for the economy and monetary policy ahead of a week with few key economic data reports. Investors assessed the state of the U.S. economy and considered what could be on the horizon for it, and how this could affect Federal Reserve monetary policy. Those data points are likely to inform the Fed's monetary policy decisions. Pressures from rising prices were a key factor in the central bank's decision to adopt a tighter monetary policy stance in early 2022.

Persons: Dow Organizations: Treasury, U.S, Dow Jones Locations: U.S

The 2-year Treasury yield was down by more than 1 basis point at 4.847%. U.S. Treasury yields declined Tuesday as investors assessed what could be next for Federal Reserve monetary policy following remarks from central bank officials and ahead of key economic data. Investors considered the Federal Reserve's next interest rate policy moves ahead of key inflation data due this week and the central bank's upcoming meeting on July 25-26. Investors are also looking out for several major economic data points scheduled for this week, including the latest consumer inflation figures on Wednesday and wholesale inflation on Thursday. No key data is expected on Tuesday.

Persons: Mary Daly, Jerome Powell, CME's Organizations: Treasury, U.S, Federal Reserve, Investors, Federal, San Francisco Fed, Institution

☆ Payrolls rose by 209,000 in June, less than expected, as jobs growth wobbles
▼ + stars: | 2023-07-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Nonfarm payrolls increased 209,000 in June and the unemployment rate was 3.6%, the Labor Department reported Friday. Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market. A more encompassing unemployment rate that includes discouraged workers and those holding part-time jobs for economic reasons rose to 6.9%, the highest since August 2022. "This is a strong labor market where demand for higher paying jobs is clearly the trend," said Joseph Brusuelas, chief economist at RSM. The June report "suggests labor market conditions are finally beginning to ease more markedly," wrote Andrew Hunter, deputy chief U.S. economist at Capital Economics.

Persons: Nonfarm, Dow, downwardly, payrolls, Seema Shah, Joseph Brusuelas, Andrew Hunter Organizations: Labor Department, Dow Jones, Asset Management, ADP, Blacks, of Labor Statistics, RSM, Capital Economics

The 10-year Treasury yield was trading at 3.725% after rising by under a basis point. U.S. Treasury yields rose slightly on Tuesday as investors awaited data reports that could provide fresh hints about the state of the economy. Investors looked to key data for hints about the state of the U.S. economy and considered the implications this could have for Federal Reserve monetary policy. Investors are hoping to gather further clues about upcoming monetary policy moves from his remarks after he said last week that further interest rate hikes are likely. This week's economic reports could therefore inform the central bank's discussions at its upcoming policy meeting in July.

Persons: Jerome Powell, Powell, Yevgeny Prigozhin Organizations: Treasury, U.S, Federal Reserve, Investors, Wagner Group Locations: U.S, Russia

☆ Shares get a tech boost; dollar dithers ahead of inflation data
▼ + stars: | 2023-06-13 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 9, 2023. REUTERS/StaffLONDON, June 13 (Reuters) - Global shares rose on Tuesday, taking their lead from an upbeat session on Wall Street ahead of key U.S. inflation data that could shape the outlook for Federal Reserve monetary policy. Money markets show traders now anticipate a peak in UK rates at around 5.6% by February, up from a terminal rate of 4.85% by November a month ago. In currencies, the dollar index , which measures the performance of the U.S. currency against six others, fell 0.2% to 103.32. Sterling rose 0.4% against the dollar to $1.2567 after the UK wage data , while the euro rose 0.4% to $1.0796.

Persons: Michael Hewson, it’s, BoE, we've, Fiona Cincotta, Farouq Suleiman, Julie Zhu, Christopher Cushing, Jamie Freed, Simon Cameron, Moore, Conor Humphries Organizations: REUTERS, Staff LONDON, Federal Reserve, Nvidia, Nikkei, Nasdaq, Amazon, Apple, Reserve Bank of Australia, Bank of Canada, Fed, ECB, Bank of England, European Central Bank, Bank of, Sterling, Thomson Locations: Frankfurt, Germany, Europe, Swedish, Bank of Japan, London, Hong Kong

☆ Gold ticks up ahead of U.S. CPI, Fed meeting
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: +2 min

Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020. Spot gold rose 0.2% to $1,960.59 per ounce by 0426 GMT. "The market is waiting for the U.S. Consumer Price Index and Federal Reserve Monetary Policy Committee meeting to provide a clearer direction on gold price. (However) there is a lack of catalyst for gold to outperform other asset classes regardless of U.S. Fed policy decision making," said Michael Langford, director at corporate advisory firm AirGuide. While gold is seen as a hedge against inflation, higher rates to tame price pressures generally weigh on the non-yielding asset's appeal.

Persons: Michael Langford, AirGuide's Langford Organizations: ABC Refinery, Federal, U.S, U.S . Consumer, Reserve Monetary, Reuters, European Central Bank, Bank of Japan Locations: Sydney

☆ Asia shares track Wall Street rally with inflation data, Fed in focus
▼ + stars: | 2023-06-13 | by ( Julie Zhu | ) www.reuters.com time to read: +3 min

"Overall equity markets reacted positively to expectations the monetary policy cycle may be nearing its peak," ANZ analysts said in a note. "U.S. markets are now pricing a 72% probability that the Federal Reserve Monetary Policy Committee (FOMC) will hold rates at this week's meeting." On Monday, the S&P 500 (.SPX) and the Nasdaq (.IXIC) rallied to their highest closing levels since April 2022. The S&P 500 climbed 0.93% to end the session at 4,338.93 points. The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 4.5749% compared with a U.S. close of 4.592%.

Persons: Price, Brent, Julie Zhu, Christopher Cushing Organizations: Consumer, Index, CPI, PPI, ANZ, Federal Reserve Monetary, Nikkei, Nasdaq, Amazon, Apple, Dow Jones, Reserve Bank of Australia, Bank of Canada, European Central Bank, Bank of Japan, Treasuries, U.S, Thomson Locations: HONG KONG, U.S, China, Asia, Pacific, Japan

ET, the yield on the 10-year Treasury was up by more than 4 basis points to 3.755%. The 2-year Treasury yield was trading more than 4 basis points higher at 4.566%. U.S. Treasury yields rose on Friday as investors looked ahead to the Federal Reserve monetary policy meeting next week, where officials will announce a fresh interest rate decision. Investors weighed what could be next for interest rates ahead of the Fed's next meeting on June 13 and 14. Further data points are expected before the Fed makes its decision, including May's consumer inflation report on Tuesday.

Organizations: Treasury, U.S, Federal Reserve, Labor Department, Fed

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