Citi's Veronica Clark on why she expects a 125 basis points reduction this year
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- Опубліковано 18 вер 2024
- Veronica Clark, Citi economist, joins 'Squawk Box' to discuss the Fed's interest rate decision today, what to expect from the central bank's policy meeting, why she expects rate cuts to total 125 basis points this year, and more.
now citi and jpm have such sub-30 economist and portfolio manager who have never seen a single economic cycle running the show.
The Cathy Woods approach. Be bold, with no real fundamental reasoning, and get praised by the financial press no matter what.
Citibank is going under because of incompetent staffing like this.
Please don’t have her on again. She said nothing intelligent.
The people in the comments are clueless lol. She is spot on with her analysis
Glad to see I'm not the only one lmao. Society is a hierarchy of competence. This comments section is not very high on that hierarchy.
Based on what ? 😂 Her feelings ?
Rates to zero in 3 months! 😂
She is already wrong in July, now just need to double down.
Citi's feelings
@@thejeffinvade Good one ! It’s time to brush up her resume.
@@XX-pl9wp thats why citibank is going bankrupt
The vocal fry and upspeak with this guest is annoying.
We finally made it.
Papa JP 🍿🎬.
25 bps today.
Congratulations.
She’s good 👍 it’s just that many people who love to act like market pundits and guru don’t like to hear what she says and here comes the hate😂
And I say no cuts this year. No reason to
She sounds smart
So she's been wrong all year but we should still trust her 125 bps cut prediction?
Anchor lady has no idea how labor market is
Plot twist….Why not just do a 35 bp reduction?
CNBC has talked to everyone but my Grandma. Do they want the nursing home number?
smart girl, spot on analysis....good feel of the market
So what happens to the house price ?
IMO, They float around this area.
The problem of housing market is lack of inventory from lack of building activities. But builders will not start building when both borrowing cost is too high for their cash flow and buying demand is weak because of high mortgage rates.
If she say 125 I’m just gonna go straight to 200
And you will both be wrong
Have someone share their viewpoint to only talk over them good job
What about my home page VlD? Hello? Hmmmm..
No Rate Cuts! Rates are not high. Prices are too high. Lower rates will make that worse. Rates are normal and in a range where they should be. No good reason to cut rates better than reasons to leave them where they are. Retired people need rates where they are in a low inflation environment. Leave rates where they are, or raise them, and CUT SPENDING. This is a rate cut for the rich, for large business borrowers, and for Wall Street. Shouldn't even be talking about a rate cut. Vast majority of Americans are better off with rates where they are. We don't need just a slowing of inflation; we need DEFLATION to bring prices down so more people can participate in the economy. The government should not intervein to prevent that. We need a recession to correct the markets. They should manage the economy in a way that is best for the broad population that includes the rich. There must be a balance and not all in one direction for the rich or the poor. There must be balance.
I like my HYSA rates. 😕
Right, leave them high and push us into a recession. Inflation is under 3 and falling the fed funds is over 5, this is not good. The data is lagging and rate cuts take time to take effect, they need to move now. And seriously wanting deflation is just uninformed, a deflationary spiral would be the worst outcome. Go google why deflation is bad.
There's no reason to keep the Fed rate at 5.25-5.5% when inflation is 2.6%. The Fed is increasingly tightening by holding the rate as inflation falls, and there's no reason to tighten on an economy that's already showing signs of slowing
@@ryann8348 Inflation is not falling. In fact, inflation is NOT even back to their supposed 2% target. Additionally we need MORE than a slowing of inflation, we need DEFLATION and LOTS of it! The Fed should keep its foot on the neck of inflation until a recession and very healthy deflation. Until then rates should stay where they are or higher. This rate cut will only serve the wealthy and Wall Street. Shameful!
@@Vix381 Recession and deflation is what 9 out of 10 Americans need. Without deflation the gap between the haves and the have nots will grow wider and the gross GDP of the US economy will eventually grow smaller and smaller. The US economy needs BROAD participation to continue the general prosperity America has known. You don't know what you are talking about.
This is like the Price is Right (whoever gets it closer to that number, wins). I’m calling it.125.01😅
I need that stuff badly what she had done today during this interview
From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family. ❤️
How please?
All I do is simple I just activate my account to copy trades from Evelyn Manson and that's all
Trading crypto now should be wise, but trading without an expert isn't advisable. I tried trading on my own but keep on losing. I think I'll give her a try
Venturing into crypto as a newbie was very difficult due to lack of experience which resulted in loosing funds......... But Evelyn Manson, restored hope shes a good woman
Her name rings a bell; I've encountered it multiple times, usually associated with stories of her trading achievements. She deserves a lot of credit.
125 by the end of the year seems a bit aggressive. 75 perhaps.
Even 75 is aggressive considering the data doesn’t support a rate cut at all
Market is pricing 100
@@nickv8816 Oh but it does
buy???
Some of them are high and Crazy. Good luck hooking up with them
Based on all of her knowledge at 24? GTFO
Majority are Fortune Teller.
some ask for 0.25, 0.50 , 0.75 rate cut. For me, it should be 0% interest rate. All source of nonsence.😂
Glad you're not running the Fed
LOL!!!! Too optimistic.
If dosn’t tell you that these people just care about borrowing money that they can’t get by earning by being successful why would you listen to them when you have people who never borrow own thier own homes cars etc retire earlier even people like me either CP. It makes me look like a genius. Wall st and Wash is the new guetto
Becky flexing on young shawty
I think we are talking about the Federal Funds rate which I hear is 5.5%. What is the discount rate and will it be reduced simultaneously?
The discount rate refers to the rate used in the computation converting future-dollars to present-dollars or vice-versa, such as when converting the expected future cashflows of a business into present-dollars for valuation. Exactly what discount rate you use is a judgement call, but for valuation you'd be more likely to use a longer-term rate such as the 10-year Treasury rate. Long rates which are typically used for discounting cashflows are influenced by Fed policy, but are not set directly by them. For example, if the Fed surprised and increased rates today, the 10-year would probably fall, since the bond market would expect a higher chance of recession, which implies lower long rates.
I thought the Discount Rate is the rate at which the Federal Reserve banks will lend directly to member banks. I am surprised to learn it is currently at the Federal Funds rate, the interbank lending rate of 5.5%. www.federalreserve.gov/monetarypolicy/discountrate.htm
@@FireEverLiving I am absolutely shook to see an answer as accurate as this in a comments section that is so demonstrably inept at economics LOL
Listen to @FireEverLiving. He's right. The 10-year Treasure Note (bonds) is what's usually used as the "risk free discount rate." You can look it up on Google. The yield is 3.7% right now. It usually "leads" the Fed Funds rate, meaning it should theoretically continue to drop in anticipation of further Fed Rate cuts.
Cute woman.
😂😂😂