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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVolatility in the market reflects investor sentiment for Fed policyMargaret Patel, Allspring Global Investments senior portfolio manager, joins 'Power Lunch' to discuss the likelihood of more upside in bond yields, markets feeling toward rate performance, and the potential for further economic erosion.
Investors react to hotter-than-expected CPI data
  + stars: | 2022-10-13 | 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 EmailInvestors react to hotter-than-expected CPI dataAnn Miletti, Allspring Global Investments head of active equity, and Michael Pond, Barclays global head of inflation-linked research, join 'Squawk on the Street' to discuss the hotter-than-expected CPI data, disinflation risk, and the focus on free cash flow.
The S&P 500 touched a session low of 3,623.29, its lowest point on an intraday basis since Nov. 30, 2020. The index has tumbled more than 12% since Powell's speech and has shown little signs of stabilizing. Many analysts had looked at 3,900 as a strong technical support level for the index. Detrick said that coordinated hikes by multiple central banks left investors wondering how hawkish they all will end up being. Robert Pavlik, Senior Portfolio Manager at Dakota Wealth in Fairfield, Connecticut said he is looking at a worst case of 3,000 for the S&P as a support level.
Turkey's lira at fresh record low after surprise rate cut
  + stars: | 2022-09-22 | by ( ) www.reuters.com   time to read: +3 min
Turkish lira banknote is displayed on U.S. Dollar banknotes in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/IllustrationLONDON, Sept 22 (Reuters) - The Turkish lira sank to a fresh record low on Thursday after the central bank delivered yet another surprise interest rate cut, this time of 100 basis points. IPEK OZKARDESKAYA, SENIOR ANALYST, SWISSQUOTE BANK"The CBRT cut the policy rates by 100 bps for the second month. As an economist, it's hard to comment on this decision, because normally, higher inflation requires higher interest rates. Every rate cut gets the Turkish rates away from the fair value, and weigh on the country risks and the FX rates.
Aggressive Fed hikes rates another 75 bp, surprising no one
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +8 min
So this is a pretty hawkish 75 basis point increase when it comes to how the text reads." What it's telling us is that the Fed is expecting to rates to continue to move higher into 2023." There's a camp that says whatever the Fed guides to has typically been the floor and not the ceiling. This communication is basically signaling that the Fed's going to continue to be aggressive and remain hawkish. Not only did the Fed hike another unusually large 75 bps today, it is basically saying it will do it again in November.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Allspring's Ann Miletti and JPMorgan's Phil CamporealeAnn Miletti, Allspring Global Investments head of active equity, and Phil Camporeale, JPMorgan Asset Management portfolio manager, join 'Squawk on the Street' to discuss whether inflation has peaked, where Miletti is looking for investment deals, and which assets Camporeale is considering investing in.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're positioning defensively because we don't know where Fed is going, says JPMorgan's CamporealeAnn Miletti, Allspring Global Investments head of active equity, and Phil Camporeale, JPMorgan Asset Management portfolio manager, join 'Squawk on the Street' to discuss whether inflation has peaked, where Miletti is looking for investment deals, and which assets Camporeale is considering investing in.
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