Watch CNBC’s Fed panel react to the Federal Reserve’s unanimous decision to leave rates unchanged

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  • Опубліковано 9 чер 2024
  • JPMorgan’s David Kelly, Citi’s Kristen Bitterly and Morgan Stanley’s Jim Caron, join ‘Power Lunch’ to react to today’s Fed meeting leaving rates unchanged.

КОМЕНТАРІ • 97

  • @karenshackleton6053
    @karenshackleton6053 Місяць тому +36

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      @JaneHarris-fg5lm Місяць тому

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      @DavidWilliams-wx Місяць тому

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      @karenshackleton6053 Місяць тому

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    • @karenshackleton6053
      @karenshackleton6053 Місяць тому

      @InvestwitSusan…that’s it.💯

    • @ShirleyCynthia
      @ShirleyCynthia Місяць тому

      Anyone who is not looking up to trading now is missing a great opportunity.

  • @eco-nutjob
    @eco-nutjob Місяць тому +2

    Very good proctoring here. Great minds on the panel. All making great points. And no one felt the need to talk over someone else. Very enjoyable to take in.

  • @rdw1968
    @rdw1968 Місяць тому +1

    $6 gas? Soaring food prices? $160 dinners? Soaring utilities? Inflation is very high.

  • @Hdc2390
    @Hdc2390 Місяць тому +8

    The employment numbers arent accurate

    • @user-vb5in3pu3s
      @user-vb5in3pu3s Місяць тому +1

      I agree

    • @moosejoose4
      @moosejoose4 Місяць тому

      can you show us where on the doll the 2022 bear market hurt you?

    • @nathanielpaul1992
      @nathanielpaul1992 Місяць тому

      Are they only accurate when they are good for you?

  • @SavanaT
    @SavanaT Місяць тому +34

    This economy is not a teenager, it's an old man on cocaine sir....

    • @theholyregime7131
      @theholyregime7131 Місяць тому +3

      You could’ve said that for the last 12 years. If we go up for another 12 years then it’s good enough.

  • @BrianJohnson-du6pj
    @BrianJohnson-du6pj Місяць тому +8

    How much of the inflation is caused by corporate greed!

    • @willtwain1383
      @willtwain1383 Місяць тому +2

      Studies conclude the majority.

    • @R3tr0v1ru5
      @R3tr0v1ru5 Місяць тому

      ​@@willtwain1383 Wrong.

    • @willtwain1383
      @willtwain1383 Місяць тому +1

      @@R3tr0v1ru5 Sorry Sparky, It is true.

  • @TY-qn6ed
    @TY-qn6ed Місяць тому +2

    How in the world prices are going to come down for anything? Last few years everything is so pricey and recession is the only way to correct this.

  • @Seanpfree
    @Seanpfree Місяць тому +2

    This is THE END of first time home ownership and the slow death of the middle class in a generation.
    77 bids over 4 years for our first home as native Tennesseans ALL OUTBID by cash investors. Wonder why we Millenials & Gen Z are doom spending? Why we aren't having kids, getting married? We CAN'T afford a home, car, kids, retirement... Child care costs 1/3 of the average income PER CHILD. At 35 y/o kids and a first home passed us by. Don't be surprised that these younger generations want to see it all burn.
    This economy isn't for us, it never has been. We've been checked out, not by choice

  • @huruhooroo
    @huruhooroo Місяць тому

    Fed speak is like music to the ear. It can be cheerful or melancholy, but always moving.

  • @user-vb5in3pu3s
    @user-vb5in3pu3s Місяць тому +1

    Why would the fed cut at all just let rates normalize

  • @erandeser5830
    @erandeser5830 Місяць тому +2

    A journalist in search for a soundbite. Liesman was the adult in the room.

  • @user-xv7cd5oe2n
    @user-xv7cd5oe2n Місяць тому +3

    The Fed works very hard to achieve stagflation. How you can state that you are committed to 2% inflation if your target date changing every meeting.

  • @stevenschaefer5797
    @stevenschaefer5797 Місяць тому +1

    Powell does not know what he is Doing.Fire His Ass

  • @justinboucher5923
    @justinboucher5923 Місяць тому +3

    The truth is the best thing for the economy would be higher rates, a mild recession and disinflation. Not a lot of any of that, but a solid reset. This price level remaining baked in with even 2% inflation is not good for the average person.

    • @honkhonkler7732
      @honkhonkler7732 Місяць тому +1

      It won't be mild. This debt bubble is massive. It's still the best long term outcome.

  • @csr2120
    @csr2120 Місяць тому +2

    Everyone but Santelli seems to be bullish even after the drop in the S&P these past few months. Not sure if that's a positive.

    • @navsofour2892
      @navsofour2892 Місяць тому

      Basically they are saying Powell does not have the balls. Stock feast from here to end of May... when inflation heads higher again vote Republican.

  • @TheHonestBroker
    @TheHonestBroker Місяць тому +1

    The fact that Santelli is on television underlines the "'tainment" aspect of infotainment.

  • @michaels7258
    @michaels7258 Місяць тому

    The economy is slowing and prices show no signs of easing. What the heck is he talking about.

  • @rickhayes-oh2zm
    @rickhayes-oh2zm Місяць тому +4

    Powell is using 70's 80's comparison. Then they counted food and energy in the cpi. The jobs market was counted more honestly. The economy was a disaster. Same here counted the same way in the 70 80s only worse.Reagan and Volcker defeated inflation then . Now no way.

  • @user-xv7cd5oe2n
    @user-xv7cd5oe2n Місяць тому +4

    The only reason economy is growing is government spending. Once that ends the music will stop.

  • @abea8415
    @abea8415 Місяць тому

    Is Steve a reporter or a spokesman for the fed?

  • @willtwain1383
    @willtwain1383 Місяць тому +1

    The economy is good, we are simply spoiled on ridiculously low rates.

    • @honkhonkler7732
      @honkhonkler7732 Місяць тому

      The economy is not good. It's built on mountains of debt, not strong consumers.

    • @willtwain1383
      @willtwain1383 Місяць тому

      @@honkhonkler7732 Well, that has been the case for 40 years.

    • @nathanielpaul1992
      @nathanielpaul1992 Місяць тому

      ​@honkhonkler7732 that's not what the number say

  • @mmblunt3
    @mmblunt3 Місяць тому +6

    And back to blaming the FEDs. Lol. Yet we still send Billions overseas.

    • @TheHonestBroker
      @TheHonestBroker Місяць тому +1

      "Billions" isn't much for an economy that produces nearly $30 trillion.

    • @wa210
      @wa210 Місяць тому

      Curious mm, if you are aware of how much the 20 year war cost us the taxpayer?

  • @minhhoang1192
    @minhhoang1192 Місяць тому

    Rick was right!

  • @anthonytan582
    @anthonytan582 Місяць тому +2

    no one knows anything

  • @archisc9080
    @archisc9080 Місяць тому

    Amazing to see how Fed has been wrong in the past 3 years. No interest rate hike until inflation at 9% and started to talking about rate cut when inflation is trending up.

  • @jhonybighorn7683
    @jhonybighorn7683 Місяць тому

    These guys are looking right into the train and saying it's not this bad "we dont have enough date may be he will stop" trayng to look positive not to talk about worst scenario.

  • @InnocentCardGame-sz2be
    @InnocentCardGame-sz2be Місяць тому

    Rates too tight. Fiscal spending maintaining employment and high rates. But restrictive to where fiscal not flowing to. Economy needs to normalize more. Become self sustaining. QT changes saying rates too tight.

  • @mikefortunato9800
    @mikefortunato9800 Місяць тому

    Seriously?

  • @DonutsReview
    @DonutsReview Місяць тому

    Trade war, decoupling, Middle East tensions and somehow it’s all good? Company earnings are showing signs of slowing sales and layoffs are now quarterly. And GDP back down to 1.6%. Somehow it’s going well? For who m? 😂😂😂

  • @jhonybighorn7683
    @jhonybighorn7683 Місяць тому

    Rake rates goo

  • @ScottFranklin-of3nz
    @ScottFranklin-of3nz Місяць тому

    I dont know what those abbreviated context on face of graph its a bad presentation probably of which messes up ideals in the house and politics but if the abbreviations are concepts or something the narrative skills are not all to well

  • @mmblunt3
    @mmblunt3 Місяць тому +1

    Get the word CUT out of everything. How can you slow labor market when prices are high…people have to work to survive.

  • @ScottFranklin-of3nz
    @ScottFranklin-of3nz Місяць тому

    Robust i dont think was an adjective or adverb the figure of speech of other language and context and luguistics being not available by narrators of professionals haveing not supported software i feel i think was discussed

  • @sprocket8934
    @sprocket8934 Місяць тому +1

    Rick is on point. This can't end well.

  • @LumenMichaelOne
    @LumenMichaelOne Місяць тому +5

    Steve Liesman is an astute, measured, Man of Wisdom.

  • @B_M
    @B_M Місяць тому

    We have the best economy in the world. Period, end of story!

  • @InnocentCardGame-sz2be
    @InnocentCardGame-sz2be Місяць тому

    April was cold. May looks to be cold also. March was hot. Feb was warm. Jan was cold. We're transitioning. Cooling now that fiscal is fading. Inflation is under control. Like a woman on menopause. Gonna get these hot flashes as fiscal spending runs through the economy.
    But economy still needs to normalize more. Become self sustainable. Right now high rates restrictive.

    • @EliSellers-yk5ks
      @EliSellers-yk5ks Місяць тому

      April was cold in what respect? PCE and CPI both surprised to upside what’s cold about that?

    • @InnocentCardGame-sz2be
      @InnocentCardGame-sz2be Місяць тому

      @@EliSellers-yk5ks that's march data

  • @bubpori5105
    @bubpori5105 Місяць тому

    The Run off in Reserves need to be Piled up in Case of Excessive Reginal Bank Problems ! If Valuations are to High Hitting the tips in tech, Real-estate Builder off sets in Pricing Auto Repricing Cavalcade Stagflation would Probably be Short Lived Unlike Japan U.S. Economy Runs Deep with Resources if its the 70's 10yrs is short Compared to Japan ! The Slow roll Instead of Using the Jake Brake on Inflation like in the 70's if it works with mild Correction Territory Adjustments Leading to Rate Cuts to under pin the Market Relief Raleigh Bike !.

  • @geraldbrowne
    @geraldbrowne Місяць тому

    Will Steve eat these words after the stagnation / decline overwhelms the economy

  • @Larryake
    @Larryake Місяць тому +1

    I typically agree with Steve. Maybe just my bias but I reason it out as a balance view. Straight down the middle

  • @vincelamvision
    @vincelamvision Місяць тому

    My customers are not many, because my foundation is to step by step and do practical work to achieve the number of invisible businessmen who follow me is 2.6 billion people, which is not under my control. It is because my accumulated care and sharing every day in the four years have allowed most people in the world to get rid of mental and psychological torment and rebuild their healthy mental and psychological health, which has led to lucky affirmation of me. So my forward and front is their forward and front, I forward, people and things in the world will naturally follow.

  • @Steven-nk6mr
    @Steven-nk6mr Місяць тому

    Most of these people have a vested interest in the stock market. The economy is sputtering and stagflation is a very real possibility.

  • @dillonschofield1551
    @dillonschofield1551 Місяць тому

    Analysts for the last three years: "well when you factor out the components of inflation that are contributing to inflation, inflation actually doesn't look that bad". Ok, goober.

  • @michalfranczyk1241
    @michalfranczyk1241 Місяць тому

    Normalization to the stagflation....

  • @cesarfile
    @cesarfile Місяць тому +1

    And it’s gone

  • @bps7209
    @bps7209 Місяць тому +5

    When doves fly. Time is not on your side Jerome….

  • @ChiefKene
    @ChiefKene Місяць тому

    Stagflation is what Japan has and their rates are zero… stagflation would be a wet dream for them at this point lol

  • @rickhayes-oh2zm
    @rickhayes-oh2zm Місяць тому +7

    powell pumped the stock market and left the people to pay higher prices and walked out

    • @tyler2009123
      @tyler2009123 Місяць тому +2

      No, Wall Street pumped the stock market on lofty expectations. This is just a correction from that. Educate yourself

    • @President_Joe_Biden
      @President_Joe_Biden Місяць тому +1

      Came right back down to close negative

  • @flash521
    @flash521 Місяць тому +7

    Is “stagflation” the word for the day? LIke does he even know what stagflation is? Prices are still increasing NOT decreasing.. Sometimes we LISTEN to the FEDs too MUCH. Let’s see - good companies are still making good earnings. IF unemployment are up and increasing, earnings going down, companies having a hard time paying the debt payments, the customers are no longer buying - ahhhhh - we have a problem. Why do we listen to these people? Pay attention to the data. One problem - can we believe the GOVERNMENT DATA.

    • @tyler2009123
      @tyler2009123 Місяць тому

      That last sentence is the problem. After 2016 nobody trusts anything to do with the government

    • @Hdc2390
      @Hdc2390 Місяць тому

      Exactly

  • @geraldbrowne
    @geraldbrowne Місяць тому

    When you are explaining you are losing.

  • @clifftanch
    @clifftanch Місяць тому

    Adj adv 1Q GDP Inv, im. Citi, Ie, dom final sales 3.1%SAAR = 4Q23 (Powell presser).
    Rick, u know the prelim revision could be sig.
    JPM 2.6% Terminal too hi for finanmkts.

  • @taranjitsingh2714
    @taranjitsingh2714 Місяць тому

    Gold stocks are undervalued compared to gold prices, wait for earnings and gold stocks will skyrocket and not to mention bad market news that will blast them higher up!! Buy GOLD STOCKS…

  • @nevillokapi3617
    @nevillokapi3617 Місяць тому

    BASEL3 IS IMPORTANT TO FED..AND PART OF BASEL3 IS GOLD AS A TEIR 1 ASSET

  • @user-xv7cd5oe2n
    @user-xv7cd5oe2n Місяць тому

    Despite what Powell is saying Fed works really hard to keep inflation for longer. Powell statements give me flashback to the time when he claimed that inflation is transitory. Once again he ignores realities.

  • @utubeisfake
    @utubeisfake Місяць тому

    honestly 2% is just a goal, and a set number, but even 3-4% is not a big deal, the economy is booming, especially tourist travel....life is rough and expensive right now, because of biden, really if it wasnt for bidennomics we would be in really good shape, and wouldnt need to even cut.....stock markets should be rippin as well as earnings and the high price economy , starbucks love charging you $10 a cup.....and sureee they will go back down on price , when inflation is over, like they did last time on the price hike of the trickle down effect.....worked real well......

    • @wa210
      @wa210 Місяць тому

      Biden has done great for the USA. If conald was still pretending to be Pres. the country would have never opened back up, and over 10 million more antivaxers would be 6 feet under.
      But, keep on worshipping a failed casino "businessman".

    • @nathanielpaul1992
      @nathanielpaul1992 Місяць тому

      This is just laughable. Bidenomics did this, lolololol. Christ, sucker.

  • @ibrahimseth8646
    @ibrahimseth8646 Місяць тому

    Debt=60,000B Yield=5% Year=30
    Debt(30 Year)=60,000B*1.05^30
    Debt(30 Year)=260,000B
    Insurance:
    Premium=? Yield=8% Year=30
    Premium=260,000B/1.08^30
    Premium=26,000B(30 Year)
    Capital=25,000B
    Top Up=Premium-Capital
    Top Up=26,000B-25,000B
    Top Up(Premium)=1,000B+-
    30 Year(Premium)=26,000B
    Year=5%=26,000B/30 Year
    Year=5%=867B+-
    Monthly=26,000B/360 Month
    Monthly=72.22B
    Yield=8%
    Yield(30 Year)=(1.08^30)*26000B
    Yield(30 Year)=260,000B
    If Capital=25,000B
    {
    PettyCash=7,660B
    Invest=17,340B Dividen=5%=867B
    }
    Thank you.