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00:41
Fed Holds Steady in December, Signals Three Cuts for 2024
The FOMC unanimously voted to maintain its benchmark overnight borrowing rate, with members penciling in three cuts for the New Year.
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01:24
Fed’s Kashkari Bursts Rate Cut Bubble
While some market participants have begun to talk of rate cuts, Minneapolis Fed President Neel Kashkari says that this expectation is not grounded in reality.
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02:32
Powell: Progress Will Be Bumpy
The Federal Reserve left rates unchanged for November, citing positive progress toward price stability.
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01:56
Citi: Data Suggests ‘No’ Landing
Citi US Economist Veronica Clark believes that the tightening cycle is nearing its end and that chances of a soft landing are low. Speaking on Bloomberg Television from the Citi Australia and New Zealand Conference, Clark discusses resilient labor market data, the Fed’s recent dovish tilt and more.
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04:47
Fed Vice Chair Notes Surge in Real Yields
Federal Reserve Vice Chair Philip Jefferson is clocking the movement in real yields, and says that tightening financial conditions will influence policy decisions in the future.
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01:27
PIMCO’s Clarida Surmises Fed Pause
PIMCO Global Economic Advisor and former Fed vice chair Richard Clarida predicts that the Fed could “well be done” with rate hikes in 2023.
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00:47
Chicago Fed Eyes Possibility of Goldilocks Ending
Chicago Federal Reserve Bank President Austan Goolsbee suggests that the so-called “golden path”--one in which the U.S. inflation rate cools without a recession–is not guaranteed, but within reach.
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01:38
Fed’s Kashkari: U.S. Strength a ‘Surprise’
The U.S. economy has remained resilient despite the most aggressive rate hike cycle in forty years, a reaction that Federal Reserve Bank of Minneapolis chief Neel Kashkari described as surprising at a Town Hall in Minnesota earlier today.
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01:45
Fed No Longer Forecasts Recession–Powell Leaves Door Open for September
The Federal Reserve no longer foresees a recession according to Chairman Jerome Powell, but future rate hikes will be determined on a "meeting-by-meeting" basis. The announcement came after a much-anticipated rate hike that took benchmark borrowing costs to a twenty-two-year high.
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02:22
El-Erian Thinks Fed Projections Need Revision
Mohamed El-Erian criticizes the Federal Reserve's economic projections, arguing that they are overly pessimistic regarding unemployment and overly optimistic regarding inflation. El-Erian believes that the Fed will be compelled to revise downward their forecast of 4.5% unemployment by the year's end and revise upward their projection of 3.3% PCE inflation at the same time.
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01:42
Fed Signals Further Hikes Possible
Federal Reserve Bank of San Francisco President, Mary Daly, became the latest regional Federal Reserve President to publicly state that future rate hikes are possible after the FOMC meeting in June.
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05:30
Cat’s Out of the Bag on Yield
D. Vance Barse, CPWA®, AIF®, Wealth Strategist & Founder of Your Dedicated Fiduciary®, is getting a lot of questions from clients about the banking crisis. He shares his response to them, how he is playing duration and equities, and why he thinks a hard landing is likely in the cards.
