Potential Fed nominee Judy Shelton wants a change in the way interest rates are set

Potential Federal Reserve nominee Judy Shelton thinks the central bank ought to pay more attention to financial markets when setting interest rates. Already an economic advisor to President Donald Trump, Shelton has been mentioned frequently as a possible candidate for a Fed governor position. If she did get the nomination and was confirmed, Shelton said she’d bring a different perspective when it comes to how rates are set.


Potential Federal Reserve nominee Judy Shelton thinks the central bank ought to pay more attention to financial markets when setting interest rates. Already an economic advisor to President Donald Trump, Shelton has been mentioned frequently as a possible candidate for a Fed governor position. If she did get the nomination and was confirmed, Shelton said she’d bring a different perspective when it comes to how rates are set.
Potential Fed nominee Judy Shelton wants a change in the way interest rates are set Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: jeff cox
Keywords: news, cnbc, companies, potential, shed, nominee, ratesalready, shelton, setting, president, fed, trump, set, wants, way, judy, reserve, rates, thinks, interest


Potential Fed nominee Judy Shelton wants a change in the way interest rates are set

Potential Federal Reserve nominee Judy Shelton thinks the central bank ought to pay more attention to financial markets when setting interest rates.

Already an economic advisor to President Donald Trump, Shelton has been mentioned frequently as a possible candidate for a Fed governor position. If she did get the nomination and was confirmed, Shelton said she’d bring a different perspective when it comes to how rates are set.


Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: jeff cox
Keywords: news, cnbc, companies, potential, shed, nominee, ratesalready, shelton, setting, president, fed, trump, set, wants, way, judy, reserve, rates, thinks, interest


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Major investors Lee Cooperman and Mario Gabelli aren’t that worried about a trade war

Two well-known billionaire investors are not all that worried about an ongoing trade war. Hedge fund investor Leon Cooperman and value investor Mario Gabelli highlighted reasonable valuations, a “friendly” Federal Reserve and low risk of recession as reasons for calm amidst international trade drama. “All I know is I don’t think we’re heading for a recession,” Cooperman, founder, chairman and CEO of Omega Advisors, said on CNBC’s Halftime Report Thursday. He also sees stocks’ valuations as “reas


Two well-known billionaire investors are not all that worried about an ongoing trade war. Hedge fund investor Leon Cooperman and value investor Mario Gabelli highlighted reasonable valuations, a “friendly” Federal Reserve and low risk of recession as reasons for calm amidst international trade drama. “All I know is I don’t think we’re heading for a recession,” Cooperman, founder, chairman and CEO of Omega Advisors, said on CNBC’s Halftime Report Thursday. He also sees stocks’ valuations as “reas
Major investors Lee Cooperman and Mario Gabelli aren’t that worried about a trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: kate rooney, scott mlyn
Keywords: news, cnbc, companies, trade, trump, stocks, investors, investor, lee, valuations, major, war, reserve, cooperman, recession, china, arent, worried, mario, reasonable, gabelli


Major investors Lee Cooperman and Mario Gabelli aren't that worried about a trade war

Two well-known billionaire investors are not all that worried about an ongoing trade war.

Hedge fund investor Leon Cooperman and value investor Mario Gabelli highlighted reasonable valuations, a “friendly” Federal Reserve and low risk of recession as reasons for calm amidst international trade drama.

“All I know is I don’t think we’re heading for a recession,” Cooperman, founder, chairman and CEO of Omega Advisors, said on CNBC’s Halftime Report Thursday. “Between valuations and other conditions that are normally associated with an important decline, we don’t have them.”

Cooperman said the Federal Reserve is now “the furthest thing from hostile” after its more dovish stance on raising interest rates this year. He also sees stocks’ valuations as “reasonable.” As a result, Cooperman said current market weakness is probably a 5% correction.

“The conditions for a big decline aren’t present,” Cooperman said.

Stocks continued the deep sell-off this week as traders grapple with how to price in trade. At a rally Wednesday evening, President Donald Trump said China “broke the deal,” fueling worries the U.S. and China will be unable to reach an agreement before new 25% tariffs go into effect at midnight. Stocks walked back some of the losses after Trump said on Thursday he has an “excellent alternative” to a China trade deal.

On trade, Gabelli said it’s “time that somebody arm-wrestles the issue.”


Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: kate rooney, scott mlyn
Keywords: news, cnbc, companies, trade, trump, stocks, investors, investor, lee, valuations, major, war, reserve, cooperman, recession, china, arent, worried, mario, reasonable, gabelli


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Vice President Pence says the Fed should cut interest rates, reconsider its dual mandate policy

Vice President Mike Pence believes the Federal Reserve should look to cut its benchmark interest rate due to the continued growth of the U.S. economy. “I think it might be time for us to consider lowering interest rates,” Pence told CNBC’s Eamon Javers on Friday. Pence, economic adviser Larry Kudlow and Treasury Secretary Steven Mnuchin have all previously backed Trump’s call to lower interest rates. “I think the president is very interested in bringing fresh ideas to the Federal Reserve board,”


Vice President Mike Pence believes the Federal Reserve should look to cut its benchmark interest rate due to the continued growth of the U.S. economy. “I think it might be time for us to consider lowering interest rates,” Pence told CNBC’s Eamon Javers on Friday. Pence, economic adviser Larry Kudlow and Treasury Secretary Steven Mnuchin have all previously backed Trump’s call to lower interest rates. “I think the president is very interested in bringing fresh ideas to the Federal Reserve board,”
Vice President Pence says the Fed should cut interest rates, reconsider its dual mandate policy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: michael sheetz
Keywords: news, cnbc, companies, inflation, mandate, federal, reconsider, vice, trumps, fed, rates, policy, reserve, pence, dual, looking, consider, president, interest


Vice President Pence says the Fed should cut interest rates, reconsider its dual mandate policy

Vice President Mike Pence believes the Federal Reserve should look to cut its benchmark interest rate due to the continued growth of the U.S. economy.

“I think it might be time for us to consider lowering interest rates,” Pence told CNBC’s Eamon Javers on Friday. “We just don’t see any inflation in this economy at all.”

Pence’s comments fall squarely in line with the rest of President Donald Trump’s confidantes at the White House. Pence, economic adviser Larry Kudlow and Treasury Secretary Steven Mnuchin have all previously backed Trump’s call to lower interest rates.

He also raised the idea that the Fed perhaps should focus on a single mandate, maximizing employment, to make monetary policy, instead of the dual mandate that also includes low inflation. Pence added that a single mandate is not something he and Trump have talked about.

“Back when I was in Congress we had a whole debate about the dual mandate of the Federal Reserve and it might be time for us to consider that again,” Pence said. “By just looking at inflation you make clear … this is exactly the time, not only to not raise interest rates, but we ought to consider cutting.”

Trump is also looking to fill two vacant seats on the Federal Reserve board. But so far the nominees Trump has seriously considered have withdrawn. Conservative pundit Stephen Moore was the latest to step back from Fed consideration on Thursday, following the same path as Herman Cain, who withdrew last month.

“I think the president is very interested in bringing fresh ideas to the Federal Reserve board,” Pence said. “What the president’s really looking for is people that understand the dynamic approach to this economy that he’s been putting into practice.”

Pence added that the president is looking for nominees “who are as fiercely committed to the free market as he is.”

“We’re seeing jobs being created all over the country … [and that] should be an encouragement to every American and also to people that operate our monetary policies,” Pence said.


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: michael sheetz
Keywords: news, cnbc, companies, inflation, mandate, federal, reconsider, vice, trumps, fed, rates, policy, reserve, pence, dual, looking, consider, president, interest


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Here’s what you get if you buy a $1,000 mint julep at the Kentucky Derby

The mint julep is a Kentucky Derby staple. Each year, nearly 120,000 of them are served during the two-day event at the Churchill Downs Racetrack. “Then, whatever cups are left — and there always seems to be a few — we will have for sale to walk-in traffic at the track at the Woodford Reserve $1,000 mint julep bar,” says Morris. Woodford Reserve also offered 20 gold-plated cups for $2,500, which sold out in “a handful of days,” says Morris. The mint julep is the traditional beverage of Churchill


The mint julep is a Kentucky Derby staple. Each year, nearly 120,000 of them are served during the two-day event at the Churchill Downs Racetrack. “Then, whatever cups are left — and there always seems to be a few — we will have for sale to walk-in traffic at the track at the Woodford Reserve $1,000 mint julep bar,” says Morris. Woodford Reserve also offered 20 gold-plated cups for $2,500, which sold out in “a handful of days,” says Morris. The mint julep is the traditional beverage of Churchill
Here’s what you get if you buy a $1,000 mint julep at the Kentucky Derby Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: kathleen elkins
Keywords: news, cnbc, companies, mint, derby, weve, julep, reserve, woodford, heres, downs, buy, 1000, churchill, kentucky, cups


Here's what you get if you buy a $1,000 mint julep at the Kentucky Derby

The mint julep is a Kentucky Derby staple. Each year, nearly 120,000 of them are served during the two-day event at the Churchill Downs Racetrack. The beverages will go for about $10 a pop at the track but, for the 14th year in a row, Kentucky bourbon distillery Woodford Reserve is offering a limited number of $1,000 mint juleps for those who are looking to splurge. The recipe uses ingredients that can only be sourced in Kentucky. Here’s exactly what goes into the four-figure cocktail: 2 oz. Woodford Reserve Kentucky straight bourbon

2 bar spoons of honey sweetener

2 leaves of Kentucky colonel mint

Garnish: shaved honeycomb and a sprig of mint

The 2019 Woodford Reserve $1,000 and $2,500 mint julep cups Woodford Reserve

While the ingredient list is simple, the cups the drinks are served in are not: Each one is handcrafted by a Louisville-based jeweler and feature elaborate designs of Kentucky scenes like the Twin Spires of Churchill Downs. And they come in a wooden box lined with the same silk used to make the jerseys worn by the jockeys. “You get the most beautiful julep cup you’ve ever seen in your life,” Woodford Reserve master distiller Chris Morris tells CNBC Make It, adding: “Each year, the cup has been unique. We’ve had silver cups, gold-plated cups, both at the same time, as we do this year. We’ve had cups that have had diamonds in them and emeralds and rubies.” The cups, which went on sale in early April, will be available to purchase online until Friday, May 3, at noon. “Then, whatever cups are left — and there always seems to be a few — we will have for sale to walk-in traffic at the track at the Woodford Reserve $1,000 mint julep bar,” says Morris. There are about 33 left, he tells Make It. Woodford Reserve also offered 20 gold-plated cups for $2,500, which sold out in “a handful of days,” says Morris.

The mint julep is the traditional beverage of Churchill Downs and the Kentucky Derby Courtesy of Woodford Reserve


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: kathleen elkins
Keywords: news, cnbc, companies, mint, derby, weve, julep, reserve, woodford, heres, downs, buy, 1000, churchill, kentucky, cups


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Federal Reserve fends off efforts to be politicized by President Trump, for now

U.S. President Donald Trump speaks as Jerome Powell, governor of the U.S. Federal Reserve and Trumps nominee as chairman of the Federal Reserve, left, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. In a town where Trump has succeeded in getting his way with many institutions, influencing policy at the Federal Reserve hasn’t been one of them. “We think nominees to the Federal Reserve board should be picked for t


U.S. President Donald Trump speaks as Jerome Powell, governor of the U.S. Federal Reserve and Trumps nominee as chairman of the Federal Reserve, left, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. In a town where Trump has succeeded in getting his way with many institutions, influencing policy at the Federal Reserve hasn’t been one of them. “We think nominees to the Federal Reserve board should be picked for t
Federal Reserve fends off efforts to be politicized by President Trump, for now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: patti domm
Keywords: news, cnbc, companies, policy, politicized, federal, president, fed, financial, fends, moore, rate, reserve, trumps, efforts, trump, powell


Federal Reserve fends off efforts to be politicized by President Trump, for now

U.S. President Donald Trump speaks as Jerome Powell, governor of the U.S. Federal Reserve and Trumps nominee as chairman of the Federal Reserve, left, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. Andrew Harrer| Bloomberg | Getty Images

Federal Reserve Chairman Jerome Powell has made clear the Fed will not bend to the will of President Donald Trump, and so far the central bank appears to be winning. In a town where Trump has succeeded in getting his way with many institutions, influencing policy at the Federal Reserve hasn’t been one of them. That was evidenced Thursday when Stephen Moore became the second of two controversial potential Trump nominees to remove himself from the process, not a surprise in Washington where it appears he would not receive sufficient support in the Senate. But Trump is likely to try again, since the Fed and Powell have not listened to his calls to lower interest rates or embark on a program of quantitative easing, a policy the Fed initiated during the financial crisis and has since retired.

“Trump views loyalty over anything else and he needs people on the Fed who are loyal to him, and he will look for someone else in the same loyalty mode as Herman Cain and Stephen Moore,” said Tom Block, Washington policy strategist at FundStrat. “As has been pointed out by many, Trump’s earlier choices have been solid economists who have earned their seats. Then he tried to put someone loyal across at the Fed, and he’s having a hard time finding someone.” Moore said he was bowing out because attacks on his character have become untenable for himself and his family. Block said several Republican women senators, including Iowa Sen. Joni Ernst, were unlikely to support him because of controversial remarks he made about women. But the exit of Moore was viewed as a positive by those who believed Trump was trying to politicize the Fed.

‘Picked for their acumen’

“The failure of the two potential nominees to gain traction, I think, suggests there’s a strong bipartisan support for continued independence of the Fed and Fed policy because the fact that senators came back and said this doesn’t seem quite right, gives you an indication that there are places where you can inject politics and places where you would prefer it not to go,” said Barclays chief U.S. economist Michael Gapen. “We think nominees to the Federal Reserve board should be picked for their acumen and monetary policy bona fides, not for their political stripes.” Moore and Herman Cain, a former pizza restaurant executive, who withdrew previously, were criticized for changing their prior hawkish tones to fit with Trump’s demands for easier Fed policy. Cain, a GOP presidential candidate in 2012, had presented a tax plan at the time that advocated a return to the gold standard, and Moore had been his adviser. Both candidates did have some related experience. Moore holds a master of arts in economics from George Mason University. He also served as a fellow at the Cato Institute, the Club for Growth, and the Heritage Foundation and was formerly on The Wall Street Journal editorial board. Cain was a chairman and deputy chairman at both the Omaha branch of the Federal Reserve Bank of Kansas City and the Federal Reserve Bank of Kansas City.

Stephen Moore Anjali Sundaram | CNBC

As the Fed met earlier this week, Trump tweeted criticism of the Federal Reserve’s policy and called for a 1 percentage point rate cut and a return to financial crisis policy, quantitative easing. He blamed the Fed for holding back the economy. Moore has been supportive of rate cuts in recent comments. Powell has publicly said the Fed is not influenced by the White House, and yesterday he made it clear the Fed was not considering interest rate cuts. When he spoke to the media following the Fed’s meeting, he reiterated the Fed was patient and not ready to move in either direction. He also said the Fed does not see low inflation as a persistent problem that would require a policy change. In other words, he signaled there was no rate cut now under consideration by the Fed. “Powell said the Committee isn’t worried about too low inflation which appears to rule out a rate cut for now. This is going to make the Trump administration a little cross as they try to engender faster rocket ship growth that can put the President back in the White House for a second term,” MUFG chief financial economist Chris Rupkey wrote, following Wednesday’s briefing by Powell.

Protecting the reserve currency

If Powell did appear to be influenced by the president, it would be a negative for financial markets. “Because [the dollar] is the reserve currency and will remain the reserve currency, it is imperative that we have a sound monetary structure that the independent Fed has done a good job of maintaining,” said Block. The risk is that even thought the Fed does not respond to Trump’s criticism, his tweets and other attacks could harm the Fed’s credibility. “The perception in financial markets have been warped about what the Fed’s motivation is because of the president’s rhetoric,” said Diane Swonk, chief economist at Grant Thornton. When Powell and the Fed signaled they would pause in the rate hiking cycle following the December hike, it was because of economic signals, not Trump’s calls for easier policy, she said.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: patti domm
Keywords: news, cnbc, companies, policy, politicized, federal, president, fed, financial, fends, moore, rate, reserve, trumps, efforts, trump, powell


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US futures higher as traders await Federal Reserve meeting outcome

U.S. stock index futures were pointing to a higher open Wednesday morning, as market participants prepared for another day of corporate earnings and waited to hear from the Federal Reserve. ET, Dow futures rose 99 points, indicating a positive open of more than 111 points. Futures on the S&P and Nasdaq both suggested a higher open too. However, there’s a special focus on the Federal Reserve, with Chairman Powell due to address the press at 2 p.m. The central bank is widely expected to keep inter


U.S. stock index futures were pointing to a higher open Wednesday morning, as market participants prepared for another day of corporate earnings and waited to hear from the Federal Reserve. ET, Dow futures rose 99 points, indicating a positive open of more than 111 points. Futures on the S&P and Nasdaq both suggested a higher open too. However, there’s a special focus on the Federal Reserve, with Chairman Powell due to address the press at 2 p.m. The central bank is widely expected to keep inter
US futures higher as traders await Federal Reserve meeting outcome Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: silvia amaro
Keywords: news, cnbc, companies, reserve, higher, federal, bank, futures, et, earnings, open, points, outcome, traders, focus, central, await, meeting


US futures higher as traders await Federal Reserve meeting outcome

U.S. stock index futures were pointing to a higher open Wednesday morning, as market participants prepared for another day of corporate earnings and waited to hear from the Federal Reserve.

At around 02:30 a.m. ET, Dow futures rose 99 points, indicating a positive open of more than 111 points. Futures on the S&P and Nasdaq both suggested a higher open too.

Wall Street closed higher on Tuesday on the back of earnings. This is set to remain a key focus for traders Wednesday, with GlaxoSmithKline, CME Group, Qualcomm and Fitbit due to report.

On the data front, there will be ADP payrolls at 8.15 a.m. ET; manufacturing PMIs due at 9.45 a.m. and constructions spending figures released at 10 a.m. ET.

However, there’s a special focus on the Federal Reserve, with Chairman Powell due to address the press at 2 p.m. ET.

The central bank is widely expected to keep interest rates unchanged, but investors will be looking to see if the central bank changes its dovish tone. Ahead of the meeting, President Donald Trump called for a 1% rate cut and more quantitative easing.


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: silvia amaro
Keywords: news, cnbc, companies, reserve, higher, federal, bank, futures, et, earnings, open, points, outcome, traders, focus, central, await, meeting


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Treasury yields mixed as investors follow US-China trade talks

Investors are taking a cautious approach as the Federal Reserve sounds more dovish. Speaking to CNBC on Monday, Chicago Federal Reserve President Charles Evans said that he’d be comfortable leaving interest rates untouched until autumn 2020. Traders will also monitor a speech by the Dallas Fed President Robert Kaplan at 2 p.m. In terms of trade, the U.S. and Japan have started negotiations in Washington on Monday, as President Trump seeks to reduce Japan’s deficit with the U.S. In terms of data,


Investors are taking a cautious approach as the Federal Reserve sounds more dovish. Speaking to CNBC on Monday, Chicago Federal Reserve President Charles Evans said that he’d be comfortable leaving interest rates untouched until autumn 2020. Traders will also monitor a speech by the Dallas Fed President Robert Kaplan at 2 p.m. In terms of trade, the U.S. and Japan have started negotiations in Washington on Monday, as President Trump seeks to reduce Japan’s deficit with the U.S. In terms of data,
Treasury yields mixed as investors follow US-China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: silvia amaro
Keywords: news, cnbc, companies, washington, president, federal, talks, et, mixed, uschina, utilization, reserve, trump, investors, yields, trade, follow, treasury, survey, untouched, terms


Treasury yields mixed as investors follow US-China trade talks

Investors are taking a cautious approach as the Federal Reserve sounds more dovish. Speaking to CNBC on Monday, Chicago Federal Reserve President Charles Evans said that he’d be comfortable leaving interest rates untouched until autumn 2020.

Traders will also monitor a speech by the Dallas Fed President Robert Kaplan at 2 p.m. ET.

In terms of trade, the U.S. and Japan have started negotiations in Washington on Monday, as President Trump seeks to reduce Japan’s deficit with the U.S. Elsewhere, China and U.S. officials are reportedly close to striking an agreement.

In terms of data, there will be Biz leader’s survey at 8.30 a.m. ET, industrial production and capacity utilization due at 9.15 a.m. ET; and the NAHB survey will be out at 10 a.m. ET.

There are no Treasury auctions planned.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: silvia amaro
Keywords: news, cnbc, companies, washington, president, federal, talks, et, mixed, uschina, utilization, reserve, trump, investors, yields, trade, follow, treasury, survey, untouched, terms


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Cramer Remix: Memo to President Trump – the Fed’s on your side

CNBC’s Jim Cramer on Monday suggested that President Donald Trump stop targeting Federal Reserve Chairman Jerome Powell and let the chief carry out his current monetary policy plan. “Memo to the President: Powell stopped tightening, he’s doing what you want — take yes for an answer,” the “Mad Money” host said. The Fed put a hold on rate increases in part because of slowing growth in the global economy. As investors and analysts worry that a recession could be looming, Cramer said he is not convi


CNBC’s Jim Cramer on Monday suggested that President Donald Trump stop targeting Federal Reserve Chairman Jerome Powell and let the chief carry out his current monetary policy plan. “Memo to the President: Powell stopped tightening, he’s doing what you want — take yes for an answer,” the “Mad Money” host said. The Fed put a hold on rate increases in part because of slowing growth in the global economy. As investors and analysts worry that a recession could be looming, Cramer said he is not convi
Cramer Remix: Memo to President Trump – the Fed’s on your side Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: tyler clifford, alex wong, getty images, adam jeffery, kevin c cox, getty images sport
Keywords: news, cnbc, companies, powell, rate, president, remix, federal, recession, feds, yield, reserve, trump, memo, rates, fed, cramer


Cramer Remix: Memo to President Trump - the Fed's on your side

CNBC’s Jim Cramer on Monday suggested that President Donald Trump stop targeting Federal Reserve Chairman Jerome Powell and let the chief carry out his current monetary policy plan.

In a Sunday tweet on, Trump doubled down, again, on his criticism of Powell in the wake of the Federal Open Market Committee’s move to raise the benchmark funds rate to a range of 2.25% to 2.5% last December.

“Memo to the President: Powell stopped tightening, he’s doing what you want — take yes for an answer,” the “Mad Money” host said.

Cramer, who was also once critical of the Fed chair, has warmed up to Powell since he canceled plans to hike rates in 2019 in favor of a “patient” approach. The host called the rate increase a “rookie mistake.”

The Fed put a hold on rate increases in part because of slowing growth in the global economy. As investors and analysts worry that a recession could be looming, Cramer said he is not convinced.

“I’m not saying the economy’s in great shape. The point I’m making is that it’s foolish to view the inverted yield curve — the fact that some short-term interest rates are now higher than some longer-term rates — as a harbinger of recession,” he said. “We only have an inverted yield curve because the Fed mess up when it tightened in December. They know the situation is fragile, so I think they’ll stay on hold.”

As the economy remains relatively healthy, he said there are a number of warning signals that would hold the Federal Reserve back from being hawkish again in the near future.

Cramer gives seven reasons why here


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: tyler clifford, alex wong, getty images, adam jeffery, kevin c cox, getty images sport
Keywords: news, cnbc, companies, powell, rate, president, remix, federal, recession, feds, yield, reserve, trump, memo, rates, fed, cramer


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Fed must ‘tread carefully’ given market signals on outlook: Bullard

Financial markets are sending worrisome signals about the U.S. economic outlook and the Federal Reserve needs to “tread carefully” to keep the economy growing, a policymaker at the U.S. central bank said on Thursday. St. Louis Federal Reserve President James Bullard said two particularly important signals were coming in the form of yields on different U.S. federal debt securities and on investor bets on the inflation outlook. “These market-based signals indicate that the FOMC needs to tread care


Financial markets are sending worrisome signals about the U.S. economic outlook and the Federal Reserve needs to “tread carefully” to keep the economy growing, a policymaker at the U.S. central bank said on Thursday. St. Louis Federal Reserve President James Bullard said two particularly important signals were coming in the form of yields on different U.S. federal debt securities and on investor bets on the inflation outlook. “These market-based signals indicate that the FOMC needs to tread care
Fed must ‘tread carefully’ given market signals on outlook: Bullard Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: david orrell
Keywords: news, cnbc, companies, tread, federal, treasury, needs, yields, carefully, reserve, market, signals, outlook, debt, given, slides, notes, fed, bullard


Fed must 'tread carefully' given market signals on outlook: Bullard

Financial markets are sending worrisome signals about the U.S. economic outlook and the Federal Reserve needs to “tread carefully” to keep the economy growing, a policymaker at the U.S. central bank said on Thursday.

St. Louis Federal Reserve President James Bullard said two particularly important signals were coming in the form of yields on different U.S. federal debt securities and on investor bets on the inflation outlook.

Bullard, who has a vote this year on the Fed’s rate-setting Federal Open Market Committee, or FOMC, released slides for a presentation at a community development event in Tupelo, Mississippi.

“These market-based signals indicate that the FOMC needs to tread carefully going forward in order to sustain the economic expansion,” according to one of the slides.

Bullard said in the slides that policymakers need to take seriously the possibility of a prolonged period in which interest rates are lower for short-term U.S. government debt than for long-term debt could signal a recession.

Market observers pay attention to numerous spreads between different U.S. Treasury securities.

Bullard said in his slides that some parts of the yield curve are already inverted. Indeed, currently yields the 3-year and 5-year U.S. Treasury notes are lower than those on 2-year notes and Treasury bills.

Bullard also noted that investors appear to be betting that inflation will fall short of the Fed’s 2 percent target rate in 2019 and also over the next five years.


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: david orrell
Keywords: news, cnbc, companies, tread, federal, treasury, needs, yields, carefully, reserve, market, signals, outlook, debt, given, slides, notes, fed, bullard


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S&P 500 rises as ‘majority’ of Fed sees no change in rates this year

The S&P 500 rose slightly on Wednesday, as the Federal Reserve reaffirmed that it would keep rates unchanged this year. The S&P 500 finished the day up 0.4% while the Nasdaq composite ended 0.7% higher. The Federal Reserve released the minutes of its March monetary policy meeting at 2 p.m. Last month, the U.S. central bank decided to maintain interest rates and hold off an any further increases this year. “We’ve agreed that both sides will establish enforcement offices that will deal with the on


The S&P 500 rose slightly on Wednesday, as the Federal Reserve reaffirmed that it would keep rates unchanged this year. The S&P 500 finished the day up 0.4% while the Nasdaq composite ended 0.7% higher. The Federal Reserve released the minutes of its March monetary policy meeting at 2 p.m. Last month, the U.S. central bank decided to maintain interest rates and hold off an any further increases this year. “We’ve agreed that both sides will establish enforcement offices that will deal with the on
S&P 500 rises as ‘majority’ of Fed sees no change in rates this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: michael sheetz, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, sp, majority, rates, rises, interest, minutes, change, reserve, 500, outlook, sees, fed, leaving, unchanged, rose, mnuchin


S&P 500 rises as 'majority' of Fed sees no change in rates this year

The S&P 500 rose slightly on Wednesday, as the Federal Reserve reaffirmed that it would keep rates unchanged this year.

The Dow Jones industrial average pared small early gains, ending the day 7 points higher. Boeing shares weighed on the Dow, falling 1.1%, while Goldman Sachs rose 1.1%, leading the index. The S&P 500 finished the day up 0.4% while the Nasdaq composite ended 0.7% higher.

The Federal Reserve released the minutes of its March monetary policy meeting at 2 p.m. ET. Last month, the U.S. central bank decided to maintain interest rates and hold off an any further increases this year.

“A majority of participants expected that the evolution of the economic outlook and risks to the outlook would likely warrant leaving the target range unchanged for the remainder of the year,” the minutes said.

The minutes revealed that Fed officials are leaving room for possible interest rate increase by the end of the year but currently do not expect to make any changes.

In regard to closely-watched trade negotiations, Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China have “pretty much agreed on an enforcement mechanism” for when a deal is struck.

“We’ve agreed that both sides will establish enforcement offices that will deal with the ongoing matters,” Mnuchin said.


Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: michael sheetz, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, sp, majority, rates, rises, interest, minutes, change, reserve, 500, outlook, sees, fed, leaving, unchanged, rose, mnuchin


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