Fed is committed to moving rates down, adviser says
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- Опубліковано 13 тра 2024
- April's Producer Price Index (PPI) inflation reading came out hotter than expected with core PPI rising 0.5% month-over-month and 2.4% year-over-year. Newton Investment Management Chief Investment Officer and Head of Equity John Porter joins Catalysts to discuss what this print means for the potential for interest rate cuts from the Federal Reserve moving forward.
"What the markets clearly want to hear from him [Fed Chair Jerome Powell] is that he's committed to a path where the next move in rates is down," Porter says, adding: "I think the Fed knows that underneath the covers of an economy that looks pretty strong on the surface, there are some unmistakable challenges from the current level of interest rates," pointing to the housing market and small business formation numbers.
Porter also reflects on the current earnings season, calling results "very strong" across the board as the average company in the S&P 500 (^GSPC) beat earnings estimates by 8 to 9%.
#youtube #FederalReserve #news
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Rate hike incoming
Rate hikes
Powell originally said in June....just wait til then
Nope, raise them higher
This guy would throw his grandma under the bus if it meant his asset portfolio increased. What a tool. Jay powell shouldnt look at 0.5 monthly ppi increase?! Because "the markets want him to drop rates"... what an absolute self serving tool.
When he says markets, he means "folks with assets and debt".
The greatest lie foisted upon regular folks is that booms and inflation is better than occassional recessions.....what they dont tell you is that recessions are crucial for reducing income inequality and fostering fairness for younger generations.
Tell me what you really think
😂😂
Their obnoxious greed and schizophrenia's become pretty obvious to anyone watching Yahoo! Finance over the last year.