Kelly Evans: Waiting on Perot
Kelly Evans CNBC October 19, 2023 The year is 1983. The sharp “double-dip” recession of the early ’80s has ended, and bond yields–which had finally been “broken” by Paul Volcker’s massive rate hikes–are showing signs of breaking out again. The 10-year Treasury jumps from roughly 10% to nearly 12% that summer. In his weekly client […]
US CPI Revisions Confirm Inflation Progress at End of 2023
Matthew Boesler Bloomberg February 9, 2024 US inflation was about the same at the end of last year as initially reported after incorporating annual revisions, according to new data published Friday. Consumer prices excluding food and energy items rose at a 3.3% annualized rate in the final three months of 2023, matching the previous reading, […]
IMF Lifts World GDP Outlook on US Strength, China Fiscal Support
Global economy seen expanding 3.1% this year, 3.2% in 2025 ‘Soft landing’ is likely, but risks remain from war, inflation By Eric Martin 01/30/2024 05:00:03 [BN] (Bloomberg) — The International Monetary Fundraised its forecast for global growth this year on better-than-expected expansion in the US and fiscal stimulus in China, while warning of risks from wars and inflation. The […]
US INSIGHT: 60,000 Headlines + NLP Algo Flag Fed Rate Cut in May
Monday, January 29, 2024 02:56 PM By Anna Wong (Economist), Nick Hallmark (Economist) and Ana Galvao (Economist) (Bloomberg Economics) — Bloomberg Economics’ new Fedspeak index, based on a natural language processing model trained on more than 60,000 Fed headlines, suggests the first rate cut will come in May. That’s later than market bets of March — but earlier than […]
US Inflation Report to Show Fed’s Battle Is Now All But Complete
Matthew Boesler Bloomberg December 21, 2023 Core PCE likely hit 2% target on six-month annualized basis Similar outlook for next six months seen prompting Fed easing The US inflation outlook was already steadily improving in recent months, but last week, right in the middle of the Federal Reserve’s two-day policy meeting, the dam finally broke. Monthly […]
Powell Hints Fed Is Done With Hikes in Pivot Cheered by Markets
Steve Matthews and Craig Torres Bloomberg November 1, 2023 Question now is ‘Should we hike more?’ Fed chief says Powell downplays previous projections for more tightening Federal Reserve Chair Jerome Powell hinted the US central bank may now be finished with the most aggressive tightening cycle in four decades after it held off on raising interest rates for […]