He called "Bidenomics" a failure and said consumers are paying the price in terms of higher inflation.
History shows investors can miss out on locking in higher yields if they wait for an answer on Fed rate cuts, a new BlackRock report says.
https://www.cnbc.com/2024/05/03/blackrock-says-its-time-to-start-moving-cash-into-bonds.html
The prospect of the ECB diverging from the Fed on rate cuts is likely to be "particularly negative" for the euro area, according to one economist.
Most economists for the biggest forecasting firms expect the central bank will lower benchmark interest rates sometime later this year.
Without a Fed rate cut on the horizon, consumers are going to have to take matters into their own hands if they want a break from sky-high credit card APRs.
https://www.cnbc.com/2024/05/02/heres-how-to-get-a-lower-credit-card-annual-percentage-rate.html
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
https://www.cnbc.com/2024/05/02/were-going-on-a-morning-buy-blitz.html
After UBS upgraded 5-year TIPS to most preferred in August, the firm is now recommending to move further out the curve.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in March.
https://www.cnbc.com/2024/05/01/fed-decision-heres-what-changed-in-the-new-statement.html
The Federal Reserve pushed out rate-cut expectations — here's what that means for your credit card, mortgage rate, auto loan and savings account.
With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target.
https://www.cnbc.com/2024/05/01/fed-rate-decision-may-2024-.html
The reason the Fed may be tempted to cut rates would be to help the U.S. cover interest payments on the national debt, according to fund manager Freddie Lait.
The Fed said beginning in June it will slow the pace at which it allows maturing bond proceeds to roll off its balance sheet without reinvesting them.
https://www.cnbc.com/2024/05/01/us-treasury-yields-ahead-of-fed-decision-policy-guidance.html
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Recent inflation readings have come in hot, but commodity prices and other indicators seem to show signs of cooling.
The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter.
The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.
Trump's political operatives are putting together a plan that would give him unprecedented influence over the Fed, the report states.
The data spells at least a mild stagflationary environment that will make policymaking troublesome.
It's a tough case to sell that higher interest rates today are having a substantially negative impact on the course of the economy.
That means credit can provide a "very solid foundation" to an investment portfolio, the Oaktree Capital Management co-founder told CNBC.
Further increases in the benchmark borrowing rate are making their way back into the public conversation.
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.
The sanctions by the Department of the Treasury's Office of Foreign Assets Control target 16 individuals and two entities involved in Tehran's drone production.
Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility of no cuts at all this year.
Powell said that while inflation continues to make its way lower, the current state of policy should remain intact.
Fed Chair Jerome Powell speaks to the Wilson Center's Washington Forum on the Canadian Economy.
Yellen's comments come as Israel's wartime Cabinet is weighing how to respond to the attack in retaliation for an Israeli strike on an Iranian consulate in Syria.
The bank is on the right path to increasing efficiencies, with many positives outweighing the negatives in Tuesday's report.
The head of the world's largest money manager said it's unlikely the central bank will hit its 2% goal anytime soon.