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☆ Dollar catches footing ahead of Fed
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: +3 min

The dollar steadied on Wednesday as stronger-than-expected U.S. retail sales had traders slightly trimming bets that the U.S. easing cycle will begin with an outsized interest rate cut. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, which will be followed by a news conference half an hour later. A rate cut is fully priced, with interest rate futures implying a 63% chance of a 50 basis point cut, after flirting with 70% a day earlier. Traders say the Fed's tone as well as the size of the rate cut will drive the next moves in the foreign exchange market. China's stock, bond and currency markets resume trade on Wednesday after the mid-autumn festival break, though it is a holiday on Wednesday in Hong Kong.

Persons: Nathan Swami, Swami Organizations: Federal, Traders, Citi, Australian, New Zealand, Sterling, Bank of, ANZ Bank Locations: Buenos Aires, Argentina, Asia, U.S, Japan, Atlanta, Singapore, Hong Kong, Bank of England

☆ 3 reasons why today's Fed rate cut is the beginning of a more aggressive cutting spree than investors expect: chief economist
▼ + stars: | 2024-09-18 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Read previewThe Federal Reserve is expected to slash interest rates today for the first time since 2020 as the labor market and inflation continue to cool. AdvertisementAssuming a 25-basis-point cut at every FOMC meeting until next July, that would leave an extra 75 basis points the central bank would have to work into its policy adjustments over that time. One is that the consumer could be weaker than they appear, and the labor market is likely to deteriorate further. AdvertisementWhile the Fed hopes to stimulate spending with rate cuts, Tombs is skeptical that they'll the impact the central bank wants. Advertisement"New mortgage rates need to drop by about 250bp before they will undershoot the average outstanding mortgage rate," Tombs wrote.

Persons: —, Jerome Powell's, Samuel Tombs, Tombs Organizations: Service, Business, Macroeconomics Locations: Jackson Hole , Wyoming

☆ Stock market today: Indexes edge up ahead of major Fed interest rate decision
▼ + stars: | 2024-09-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

US indexes edged higher as investors waited for a likely interest rate cut from the Fed. AdvertisementUS stocks rose on Wednesday as traders readied for what's likely to be the Federal Reserves's first rate cut in four years. "Though consensus is leaning toward a 50 basis point move, we look for the Fed to cut by 25 basis points today. AdvertisementFollowing the interest rate decision, all eyes will be on Fed Chair Jerome Powell, who will deliver prepared remarks during a press conference. "While the market has usually bounced immediately following the 2 PM rate decision, the sell-off usually starts at or near the end of Powell's post-FOMC press conference."

Persons: Jerome Powell's, —, John Lynch, José Torres, Jerome Powell, Powell, shouldn't Organizations: Fed, Traders, Service, Federal, Comerica Wealth Management, Interactive, Deutsche Bank, Investment

☆ Dollar pinned down by 50 bp Fed cut bets
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: +2 min

The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected the start to a U.S. easing cycle that markets are betting may begin with an outsized rate cut. The euro rallied overnight to $1.1138 and traded around there early in the Asia session, not far from the year's high against the dollar of $1.1201. Fed funds futures rallied on Monday to push the chance of a 50 basis point rate cut to 67%, against 30% a week ago. "That's because the contrast between central bank outlooks will remain starkest between the Fed and the BoJ, for the time being." The U.S. dollar index weakened 0.4% overnight to 100.7, not far from its 2024 low made last month at 100.51.

Persons: Sterling — Organizations: Macquarie, Fed, Bank of, The Bank of England, New, U.S Locations: U.S, Asia, Tokyo, Bank of Japan, New Zealand

☆ The Fed's biggest interest rate call in years happens Wednesday. Here's what to expect
▼ + stars: | 2024-09-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

The meeting wraps up Wednesday afternoon, with the release of the Fed's rate decision coming at 2 p.m. "I hope they cut 50 basis points, but I suspect they'll cut 25. Here's a breakdown of what's on tap:The rate waitThe FOMC has been holding its benchmark fed funds rate in a range between 5.25%-5.5% since it last hiked in July 2023. The 'dot plot'Perhaps just as important as the rate cut will be the signals meeting participants send about where they expect rates to go from here. In June, FOMC members penciled in just one rate cut through the end of the year.

Persons: Jerome Powell, William McChesney Martin Jr, Andrew Harnik, they'll, Mark Zandi, that's, Tom Simons, Zandi, Robert Kaplan, There'll, Seema Shah, FOMC, Moody's, Goldman Sachs, Powell presser, Goldman, Simons Organizations: Federal Reserve, Committee, Moody's, Wall, Jefferies, Dallas Fed, CNBC, Asset Management Locations: Washington , DC

☆ History says these 5 sectors are poised for double-digit gains within a year after the Fed cuts rates
▼ + stars: | 2024-09-17 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

As expected, the Fed has been coy about cuts, leaving markets torn between pricing in a 25- or 50-basis-point reduction. "In cycles where rate cuts were able to prolong economic expansion and keep corporate earnings on an upward trend, stocks performed quite well," Belski wrote in a mid-September note. AdvertisementWhile rate cuts aren't a cure-all, Belski is confident that the economic expansion will continue, which will keep this bull market on firm footing. "But with significantly strong trailing one-year performance headed into this initial rate cut, future gains are likely to be more muted relative to historical norms." Sectors poised to outperform as the Fed finally cuts ratesAfter outlining how US stocks broadly have fared following cuts in the last four decades, BMO shared relative sector performance before and after periods of rate declines.

Persons: —, that's, Ohsung Kwon, Brian Belski, Belski Organizations: Service, Federal Reserve, Business, " Bank of America, BMO Capital Markets, Fed, BMO Locations: bankable, Montreal

☆ The Fed is likely to start slow but strike a dovish tone, strategist 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 EmailThe Fed is likely to start slow but strike a dovish tone, strategist saysRichard Kelly, head of global strategy at TD Securities, says the U.S. Federal Reserve is on the fence over a 25 or 50 basis point rate cut, and neither is a "slam dunk."

Persons: Richard Kelly Organizations: TD Securities, U.S . Federal

☆ Get ready for stocks to embark on a weekslong rally after the Fed cuts rates, Fundstrat's Tom Lee says
▼ + stars: | 2024-09-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks are set to climb higher for at least the next few weeks, according to Fundstrat's Tom Lee. Lee pointed to the Fed's policy meeting, with markets expecting a rate cut on Wednesday. A Fed rate cut will be bullish for stocks, regardless of its size, he told CNBC. AdvertisementWall Street has been anticipating rate cuts for months, especially as the economy has shown some weakness stemming from tighter financial conditions. However, stocks should move higher regardless of the size of the rate cut, Lee said, so long as central bankers assure markets that more cuts are coming.

Persons: Tom Lee, Lee, —, Powell Organizations: CNBC, Service, Bureau of Labor, New York Fed

☆ Brazil recently hit a record high. Why further gains may be harder to come by
▼ + stars: | 2024-09-15 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Brazilian stocks have been on a tear, but stubborn inflation could grind the recent rally to a stop. It's a work in progress, and most likely will require further rate hikes by the central bank." BCA Research's Arthur Budaghyan agreed that the Brazilian central bank is unlikely to hike rates for very long. Against this backdrop, Budaghyan advises clients steer clear of Brazilian stocks in the near term. U.S. investors who want exposure to the Brazilian stock market can obtain it through the iShares MSCI Brazil ETF (EWZ) .

Persons: Bovespa, Fernando Haddad, Goldman Sachs, Alberto Ramos, Ramos, Arthur Budaghyan, Budaghyan Organizations: U.S . Federal, CNBC, U.S, Fed, BCA, Banco, MRB Partners Locations: Lower U.S, overcompensate, America, Banco Central, Brazil, U.S

☆ ECB to cut 'even more aggressively' in 2025 if the economy weakens, ING Bank says
▼ + stars: | 2024-09-13 | 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 EmailECB to cut 'even more aggressively' in 2025 if the economy weakens, ING Bank saysCarsten Brzeski, global head of macro research at ING Bank, discusses European Central Bank's interest rate cut, saying it was a "very dovish" one.

Persons: Carsten Brzeski Organizations: ECB, ING Bank

☆ The Fed coin flip: Traders still divided on how deep next week’s cut will be
▼ + stars: | 2024-09-13 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Wall Street is growing more divided on how much the Federal Reserve will move interest rates next week. In fact, the market's mixed outlook ahead of the central bank decision is more unsettled than any time since the Fed started pushing borrowing costs higher in early 2022. Investors are certain that the Fed will begin reducing interest rates next week from their current 5.25% to 5.50% range, but a sense of uncertainty lingers. We do not anticipate any dissents" from voting members of the central bank's Federal Open Market Committee next week, Bank of America's Bhave added. "So if pricing stays where it is currently, it would be the first meeting in years where there's serious uncertainty about the rates decision."

Persons: Henry Allen, Aditya Bhave, Bhave, America's Bhave Organizations: Federal Reserve, Fed, Deutsche Bank, Bank of America, Committee, Bank, America's

☆ These 5 portfolio stocks crushed the volatile market since our August Monthly Meeting
▼ + stars: | 2024-09-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

It's been a topsy-turvy stock market since the Club's August Monthly Meeting. These were two of our top performers since the August Monthly Meeting. The stock closed nearly 5% higher on the eve of the September Monthly Meeting. The S & P 500's health care sector is up 2.2% since the August Monthly Meeting, slightly outperforming the broad index's 1.8% rise in that timeframe. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: It's, We've, Eli Lilly, Estee Lauder, Jerome Powell, it's, DA Davidson, Goldman Sachs, Goldman, Andy Jassy's, TJX, Jensen Huang, Abbott, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow Jones Industrial, Nasdaq, Investor, Federal, Procter, Gamble, Dover, Abbott Laboratories, TJX, Amazon, Micro Devices, Jackson, Bank of America, Telsey Advisory Group, JPMorgan, Oracle, Devices, AMD, Nvidia, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: seesaw, Wednesday's, U.S

☆ 'Ultra dovish' cuts may be off the table after CPI report, says Ed Yardeni
▼ + stars: | 2024-09-11 | 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 Email'Ultra dovish' cuts may be off the table after CPI report, says Ed YardeniEd Yardeni, Yardeni Research president, joins CNBC's 'Squawk on the Street' to discuss if core CPI report should be threatening to rate cuts, what he thinks about the proposed overhaul of Basel Endgame, and more.

Persons: Ed Yardeni Ed Yardeni Organizations: Yardeni Research Locations: Basel

☆ Small caps are outperforming large caps. How to use charts to find buy candidates in the group
▼ + stars: | 2024-09-10 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

Then on July 11, things really got started as June CPI came in below expectations and the outlook for the first Fed rate cut became significantly more likely. Let's drill down into the sectors that makeup the Russell 2000 to see who's leading and lagging since that July 5th turning point. Let's find out who is actually profitable and could maintain the rally after the initial shine of a fresh rate cut wears off. Where to look in small caps A big component of the Russell 2000 based on market capitalization representation is health care at 18.7%. Should the Fed strike a dovish tone after the first rate cut I will be shopping for quality names.

Persons: Russell, Piper Sandler, Hamilton Lane, Jefferies, JEF, Todd Gordon, Gordon, ARES Organizations: Nasdaq, Inside Edge, CNBC PRO, Ares Management, Fed, CNBC, NBC UNIVERSAL Locations: financials

☆ Bond market 'yield curve' returns to normal from inverted state that had raised recession fears
▼ + stars: | 2024-09-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

An inverted yield curve, in which the nearer-duration yield is higher, has signaled most recessions since World War II. However, a normalization of the curve does not necessary signal good times ahead. In fact, the curve usually does revert before a recession hits, meaning the U.S. could still be in for some rough economic waters ahead. Job openings had exceeded labor supply by more than 2 to 1 at one point, aggravating inflation that had been at its highest level in more than 40 years. That part of the curve is still steeply inverted, with the difference now at more than 1.3 percentage points.

Persons: Raphael Bostic, Quincy Krosby Organizations: CME Group, Atlanta Fed, LPL, Labor Department, Atlanta Federal Reserve Locations: Chicago, U.S

☆ We're making 100% on a trim of this cybersecurity stock in an overbought market
▼ + stars: | 2024-08-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Shortly after the opening bell, we'll sell 30 shares of Palo Alto Networks at roughly $349.50 each. Following Monday's trade, Jim Cramer's Charitable Trust will own 230 shares of PANW, decreasing its weighting to 2.4% from 2.71%. PANW YTD mountain Palo Alto Networks YTD Monday's trim of Palo Alto Networks was signaled both before and after last week's strong earnings report , especially when it was up about 8% last Tuesday . THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Friday's dovish, Jerome Powell, Jackson, Jim Cramer, Jim Organizations: Palo Alto Networks, Federal, CNBC Locations: Palo, cybersecurity

☆ Here's our behind the scenes debate on whether to trim Best Buy ahead of next week's earnings
▼ + stars: | 2024-08-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "We're debating maybe taking some profits into the quarter," Marks said, adding that big-ticket items like appliances aren't selling well right now given the weaker consumer. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jerome Powell's dovish Jackson, Powell, Jeff Marks, Evercore, Blackwell, Marks, Jim Cramer's, Jim Organizations: CNBC, Federal, Tech, Nvidia, Broadcom, Devices, Club, AMD

☆ Fed Chair Powell checks the box, and our rate sensitive stocks react accordingly
▼ + stars: | 2024-08-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

In recent weeks, Wall Street has placed greater emphasis on jobs data as investors try to gauge the health of the U.S. economy. As we've seen at various points this summer, political developments may also be influencing moves on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jerome Powell's, Powell, Stanley Black, Decker, Jim, It's, chipmaker's, Kamala Harris, Harris, Jim Cramer's Organizations: CNBC, Federal, Jackson, Decker, Nvidia, Blackwell, Democratic National Convention, Jim Cramer's Charitable Locations: U.S

☆ Bank of America Poonawala talks impact of rate cuts on the banking sector
▼ + stars: | 2024-08-23 | 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 EmailBank of America Poonawala talks impact of rate cuts on the banking sectorEbrahim Poonawala, Bank of America Securities Head of North American Banks Research, joins 'Closing Bell Overtime' to talk a possible dovish pivot from the Fed and the impact of the financial sector.

Persons: Ebrahim Organizations: Email Bank of America, Bank of America Securities Head, American Banks Research, Fed Locations: Ebrahim Poonawala

☆ Stock market today: Dow rises 462 points as stocks rally after Powell says rate cuts are coming
▼ + stars: | 2024-08-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

US stocks surged as Fed chair Jerome Powell signaled imminent interest rate cuts. "The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data," Powell said. AdvertisementUS stocks rallied on Friday with the Dow Jones Industrial Average gaining more than 450 points after Federal Reserve Chairman Jerome Powell confirmed that interest rate cuts are near. That should pave the way for an interest rate cut at the Fed's FOMC meeting in September. AdvertisementWith interest rate cuts imminent, investors are now asking how big the Fed will cut rates by.

Persons: Jerome Powell, Powell, —, Ryan Detrick Organizations: Jackson, Service, Dow Jones Industrial, Federal, Treasury, Fed Locations: Here's

☆ Friday, August 23, 2024: The Club says this tech stock needs to prove its AI story
▼ + stars: | 2024-08-23 | by ( ) www.cnbc.com time to read: 1 min

Friday, August 23, 2024: The Club says this tech stock needs to prove its AI storyJeff Marks discusses the dovish remarks from the Fed at Jackson Hole. He discusses the price target raise for the semi-stock. Finally, he breaks down the stock moves of this cloud-based stock.

Persons: Jeff Marks, Jackson Organizations: Fed

☆ These 4 Japanese stocks are trading at a 'deep discount': Bernstein
▼ + stars: | 2024-08-14 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Japan's stock market has rebounded from last week's sell-off and investment firm Bernstein sees promise looking ahead, recommending a specific trading strategy and naming overweight-rated stocks. Both indexes have since recouped some losses, with the Topix and Nikkei ending 2.83% and 3.45% higher respectively on Tuesday. Below are four stocks from the investment bank's defensive screen, listed on the Tokyo Stock Exchange. Stocks trading at a 'deep discount' Among the names on the bank's screen is video games company Nintendo . According to FactSet, analysts on average give Capcom over 19% upside, Keyence almost 24% upside and Bandai Namco 22.5% upside potential.

Persons: Bernstein, Rupal Agarwal, — CNBC's Michael Bloom, Charmaine Jacob, Arjun Kharpal Organizations: Nikkei, BOJ, Bank of, Tokyo Stock Exchange, U.S, Stocks, Nintendo, Capcom, Keyence Corp, Bandai Namco Holdings, Bandai Namco Locations: Bank of Japan, Japan

☆ Gold nudges higher on mounting U.S. rate cut bets
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices edged higher on Tuesday after comments from Federal Reserve officials reinforced expectations of bigger U.S. interest rate cuts later this year. Spot gold was up 0.1% to $2,408.77 per ounce as of 0354 GMT. Fed San Francisco President Mary Daly said her mind was open to cutting interest rates as necessary and policy needed to be proactive. Meanwhile, Japanese stocks opened higher, underpinning a recovery across battered Asian share markets and even triggering circuit breakers in some.

Persons: Mary Daly, Soni Kumari Organizations: Co, Federal Reserve, San, ANZ, Traders Locations: Bangkok, Thailand, U.S, San Francisco, China

☆ European stocks to extend declines after Bank of England rate cut as global sentiment sours
▼ + stars: | 2024-08-02 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Boris Roessler | Picture Alliance | Getty ImagesLONDON — European stocks were set to open lower Friday, extending losses amid a global downturn as a busy week of market action draws to a close. Germany's DAX was on course to open 104 points lower at 17,984, according to IG data, with France's CAC 40 down 40 points at 7,325. The regional Stoxx 600 index on Thursday suffered its worst session since mid-June, pulled down by financials as French bank Societe Generale downgraded its outlook and the Bank of England cut interest rates for the first time since 2020. The central bank decision took its key interest rate to 5% from 5.25%, in a move that markets had not been fully convinced it would carry out. Asia-Pacific markets saw steep losses Friday, with Japan's benchmark indexes tanking as much as 5%.

Persons: Boris Roessler, Germany's DAX, BOE Governor Andrew Bailey, BOE, Joe Tuckey Organizations: Getty, France's CAC, Societe Generale, Bank of England, CNBC, Argentex, U.S . Federal Reserve, Bank of, Apple, Intel, U.S . Bureau of Labor Statistics Locations: Frankfurt, Bank of Japan, Europe, Asia, Pacific

☆ Why the stock market is going berserk today
▼ + stars: | 2024-08-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The stock market is in shambles on Friday, with all three major indexes falling more than 2%. AdvertisementThe US stock market has plunged into chaos as investors digest a streak of negative economic data and disappointing mega-cap-tech earnings. Months ago, signs of a slowing economy would bolster expectations for Fed rate cuts, which are seen as rocket fuel for stocks. "Pressure will escalate on the Federal Reserve as market interest rates will continue the attempt to force their hand." She added: "A September rate cut is in the bag and the Fed will be hoping they haven't, once again, been too slow to act."

Persons: They're, —, John Lynch, Seema Shah, Ryan Detrick, Carson Organizations: Amazon, Service, Investors, Intel, Comerica Wealth Management, Federal Reserve, Asset Management, York Fed Locations: New York

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