Goldman Sachs expects Brexit talks to go right down to the wire

Britain’s embattled Prime Minister Theresa May is running down the clock with Brexit talks, Goldman Sachs said on Friday. With six weeks to go before the U.K. is scheduled to leave the EU, the political and economic future of the world’s fifth-largest economy remains as uncertain as ever. That’s because unless May can get a Brexit deal approved by a majority of U.K. lawmakers over the coming weeks, she will either have to ask the bloc to delay the process or thrust the country into chaos by leav


Britain’s embattled Prime Minister Theresa May is running down the clock with Brexit talks, Goldman Sachs said on Friday. With six weeks to go before the U.K. is scheduled to leave the EU, the political and economic future of the world’s fifth-largest economy remains as uncertain as ever. That’s because unless May can get a Brexit deal approved by a majority of U.K. lawmakers over the coming weeks, she will either have to ask the bloc to delay the process or thrust the country into chaos by leav
Goldman Sachs expects Brexit talks to go right down to the wire Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: sam meredith, adrian dennis, afp, getty images
Keywords: news, cnbc, companies, weeks, goldman, talks, sachs, vote, deal, expects, worlds, view, wire, right, uk, prime, brexit, minister


Goldman Sachs expects Brexit talks to go right down to the wire

Britain’s embattled Prime Minister Theresa May is running down the clock with Brexit talks, Goldman Sachs said on Friday.

With six weeks to go before the U.K. is scheduled to leave the EU, the political and economic future of the world’s fifth-largest economy remains as uncertain as ever.

That’s because unless May can get a Brexit deal approved by a majority of U.K. lawmakers over the coming weeks, she will either have to ask the bloc to delay the process or thrust the country into chaos by leaving without a deal.

“In our view, the Prime Minister will repeatedly try to defer the definitive parliamentary vote on her negotiated Brexit deal, and the intensification of tail risks will continue to play a role in incentivising the eventual ratification of that deal in a divided House of Commons,” Goldman said in a note to clients on Friday.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: sam meredith, adrian dennis, afp, getty images
Keywords: news, cnbc, companies, weeks, goldman, talks, sachs, vote, deal, expects, worlds, view, wire, right, uk, prime, brexit, minister


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Here’s an awesome iPhone trick that makes web pages much easier to read

This is what the page looks like in “Reader View.” Now when you surf the web you’ll see clean pages that are much easier to scroll through and read. News articles with videos embedded don’t always show the video, so I turned of Reader View when I wanted to check that. In addition, it’s not perfect: Depending on the site you’re reading, it might actually cover the content you’re trying to read. Lastly, because Reader View can block certain types of ads, you might be hurting some of your favorite


This is what the page looks like in “Reader View.” Now when you surf the web you’ll see clean pages that are much easier to scroll through and read. News articles with videos embedded don’t always show the video, so I turned of Reader View when I wanted to check that. In addition, it’s not perfect: Depending on the site you’re reading, it might actually cover the content you’re trying to read. Lastly, because Reader View can block certain types of ads, you might be hurting some of your favorite
Here’s an awesome iPhone trick that makes web pages much easier to read Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: todd haselton, jaap arriens, nurphoto, getty images
Keywords: news, cnbc, companies, iphone, open, instead, view, awesome, easier, heres, scroll, youre, wanted, trick, reader, bar, page, read, web, makes, site, pages


Here's an awesome iPhone trick that makes web pages much easier to read

Open Safari and visit a website with a bunch of text. You can even try it right here if you have this article open on your iPhone or iPad.

Now scroll to the top of the page where you see the URL bar and tap the icon on the far left with 4 lines once.

This is what the page looks like in “Reader View.”

But here’s a trick: instead of just tapping that bar, press and hold it.

You’ll see a bar that pops up saying “Automatic Reader View.”

Select “Use on All Websites.”

That’s it. Now when you surf the web you’ll see clean pages that are much easier to scroll through and read.

There are some downsides, though. News articles with videos embedded don’t always show the video, so I turned of Reader View when I wanted to check that.

In addition, it’s not perfect: Depending on the site you’re reading, it might actually cover the content you’re trying to read. When I tested this on ESPN.com, for example, it showed the next story instead of the article I wanted to read.

Lastly, because Reader View can block certain types of ads, you might be hurting some of your favorite websites, at least if they rely heavily on advertising revenue. But, if there’s a favorite site of yours whose ads are so aggressive that they get in the way of the story, at least this fixes that problem.

WATCH: How to get the most out of Apple’s iOS 12


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: todd haselton, jaap arriens, nurphoto, getty images
Keywords: news, cnbc, companies, iphone, open, instead, view, awesome, easier, heres, scroll, youre, wanted, trick, reader, bar, page, read, web, makes, site, pages


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Goldman sees oil rising toward $70, says demand forecasts are too gloomy

Oil prices have struggled to rally above $64 a barrel since last quarter’s sharp pullback, but Goldman Sachs believes crude futures could break out in the coming months. Goldman’s outlook is based on its view that forecasts for demand growth have grown too gloomy and OPEC has adopted a “shock and awe” approach to pulling back supply. “Our constructive outlook for oil prices in 1H19 is predicated on both large supply cuts as well as resilient oil demand growth,” Goldman analysts said in a researc


Oil prices have struggled to rally above $64 a barrel since last quarter’s sharp pullback, but Goldman Sachs believes crude futures could break out in the coming months. Goldman’s outlook is based on its view that forecasts for demand growth have grown too gloomy and OPEC has adopted a “shock and awe” approach to pulling back supply. “Our constructive outlook for oil prices in 1H19 is predicated on both large supply cuts as well as resilient oil demand growth,” Goldman analysts said in a researc
Goldman sees oil rising toward $70, says demand forecasts are too gloomy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: tom dichristopher, nick oxford
Keywords: news, cnbc, companies, sees, million, rising, outlook, forecasts, view, goldman, growth, grow, gloomy, demand, international, prices, oil, 70


Goldman sees oil rising toward $70, says demand forecasts are too gloomy

Oil prices have struggled to rally above $64 a barrel since last quarter’s sharp pullback, but Goldman Sachs believes crude futures could break out in the coming months.

The investment bank forecasts international benchmark Brent crude will peak at $67.50 a barrel in the second quarter. Goldman’s outlook is based on its view that forecasts for demand growth have grown too gloomy and OPEC has adopted a “shock and awe” approach to pulling back supply.

“Our constructive outlook for oil prices in 1H19 is predicated on both large supply cuts as well as resilient oil demand growth,” Goldman analysts said in a research note released on Tuesday evening.

Goldman believes the world’s appetite for oil will grow by 1.4 million barrels per day in 2019. That’s in line with the International Energy Agency’s outlook, but above the consensus on Wall Street and OPEC’s view that demand will grow by just 1.24 million bpd.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: tom dichristopher, nick oxford
Keywords: news, cnbc, companies, sees, million, rising, outlook, forecasts, view, goldman, growth, grow, gloomy, demand, international, prices, oil, 70


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Here’s an awesome iPhone trick that makes web pages much easier to read

This is what the page looks like in “Reader View.” Now when you surf the web you’ll see clean pages that are much easier to scroll through and read. News articles with videos embedded don’t always show the video, so I turned of Reader View when I wanted to check that. In addition, it’s not perfect: Depending on the site you’re reading, it might actually cover the content you’re trying to read. Lastly, because Reader View can block certain types of ads, you might be hurting some of your favorite


This is what the page looks like in “Reader View.” Now when you surf the web you’ll see clean pages that are much easier to scroll through and read. News articles with videos embedded don’t always show the video, so I turned of Reader View when I wanted to check that. In addition, it’s not perfect: Depending on the site you’re reading, it might actually cover the content you’re trying to read. Lastly, because Reader View can block certain types of ads, you might be hurting some of your favorite
Here’s an awesome iPhone trick that makes web pages much easier to read Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: todd haselton, jaap arriens, nurphoto, getty images
Keywords: news, cnbc, companies, iphone, open, instead, view, awesome, easier, heres, scroll, youre, wanted, trick, reader, bar, page, read, web, makes, site, pages


Here's an awesome iPhone trick that makes web pages much easier to read

Open Safari and visit a website with a bunch of text. You can even try it right here if you have this article open on your iPhone or iPad.

Now scroll to the top of the page where you see the URL bar and tap the icon on the far left with 4 lines once.

This is what the page looks like in “Reader View.”

But here’s a trick: instead of just tapping that bar, press and hold it.

You’ll see a bar that pops up saying “Automatic Reader View.”

Select “Use on All Websites.”

That’s it. Now when you surf the web you’ll see clean pages that are much easier to scroll through and read.

There are some downsides, though. News articles with videos embedded don’t always show the video, so I turned of Reader View when I wanted to check that.

In addition, it’s not perfect: Depending on the site you’re reading, it might actually cover the content you’re trying to read. When I tested this on ESPN.com, for example, it showed the next story instead of the article I wanted to read.

Lastly, because Reader View can block certain types of ads, you might be hurting some of your favorite websites, at least if they rely heavily on advertising revenue. But, if there’s a favorite site of yours whose ads are so aggressive that they get in the way of the story, at least this fixes that problem.

WATCH: How to get the most out of Apple’s iOS 12


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: todd haselton, jaap arriens, nurphoto, getty images
Keywords: news, cnbc, companies, iphone, open, instead, view, awesome, easier, heres, scroll, youre, wanted, trick, reader, bar, page, read, web, makes, site, pages


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Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally from here

Canaccord upgraded Tesla to buy from hold and raised its 12-month price target to $450 from $330. “The EV penetration story is underappreciated by the Street,” wrote analyst Jed Dorsheimer in a note to clients Monday. Canaccord’s new 12-month price target represents a gain of 47 percent from here. The stock jumped 2 percent in premarket trading Monday amid the Canaccord call. The shares fell at the end of January after the company posted a fourth-quarter profit that fell short of Wall Street exp


Canaccord upgraded Tesla to buy from hold and raised its 12-month price target to $450 from $330. “The EV penetration story is underappreciated by the Street,” wrote analyst Jed Dorsheimer in a note to clients Monday. Canaccord’s new 12-month price target represents a gain of 47 percent from here. The stock jumped 2 percent in premarket trading Monday amid the Canaccord call. The shares fell at the end of January after the company posted a fourth-quarter profit that fell short of Wall Street exp
Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally from here Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: john melloy, aly song
Keywords: news, cnbc, companies, rally, jump, target, street, canaccord, upgrades, genuity, cash, concerns, shares, predicts, price, company, view, 40, stock, tesla, upgraded


Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally from here

Tesla shares got off to the week with a good start after Canaccord Genuity upgraded the stock and predicted a monster rally from here as electric vehicle penetration improves and the company gets closer to building a car that is affordable for the masses.

Canaccord upgraded Tesla to buy from hold and raised its 12-month price target to $450 from $330.

“The EV penetration story is underappreciated by the Street,” wrote analyst Jed Dorsheimer in a note to clients Monday. “We see a more stable 2019 with far fewer concerns for investors in the company.”

Tesla closed Friday at $305.80, down 8 percent for the year. Canaccord’s new 12-month price target represents a gain of 47 percent from here. The stock jumped 2 percent in premarket trading Monday amid the Canaccord call.

The shares fell at the end of January after the company posted a fourth-quarter profit that fell short of Wall Street expectations. The Elon Musk-led company said it would focus on reducing costs in 2019 and also said its cash position improved to $3.7 billion.

“We view the recent string of price cuts as further proof that the cost cutting and right sizing that the company has undertaken are resulting in concrete movement towards the ultimate goal of an affordable $35,000 Model 3,” added Dorsheimer. “With the strong operating cash flow generation of $1.23B and cash on the balance sheet of $3.7B, the liquidity concerns and convertible note repayment are no longer valid concerns in our view.”

— With reporting by Michael Bloom.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: john melloy, aly song
Keywords: news, cnbc, companies, rally, jump, target, street, canaccord, upgrades, genuity, cash, concerns, shares, predicts, price, company, view, 40, stock, tesla, upgraded


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Gen Z is entering the workforce: Here’s what they need to do to succeed

Gen Z is entering the workforce: Here’s what they need to do to succeed10 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. This is the first year Generation Z is entering the workforce. Cal Newport, a computer science professor at Georgetown University and author of DIGITAL MINIMALISM, says this is what they need to do to succeed.


Gen Z is entering the workforce: Here’s what they need to do to succeed10 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. This is the first year Generation Z is entering the workforce. Cal Newport, a computer science professor at Georgetown University and author of DIGITAL MINIMALISM, says this is what they need to do to succeed.
Gen Z is entering the workforce: Here’s what they need to do to succeed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11
Keywords: news, cnbc, companies, view, try, succeed, university, enabled, browser, workforce, need, heres, gen, flash, entering


Gen Z is entering the workforce: Here's what they need to do to succeed

Gen Z is entering the workforce: Here’s what they need to do to succeed

10 Hours Ago

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

This is the first year Generation Z is entering the workforce. Cal Newport, a computer science professor at Georgetown University and author of DIGITAL MINIMALISM, says this is what they need to do to succeed.


Company: cnbc, Activity: cnbc, Date: 2019-02-11
Keywords: news, cnbc, companies, view, try, succeed, university, enabled, browser, workforce, need, heres, gen, flash, entering


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Intel teams up with Premier League giants to offer soccer fans ‘immersive experiences’

Intel announced a partnership with English soccer clubs Arsenal, Liverpool and Manchester City Thursday, with the aim of bringing a new viewing experience to the world’s most popular sport. In a statement, the U.S. tech giant said its technology would be used at the clubs’ grounds to “deliver immersive experiences” through its Intel True View system. Fans will even be able to view key moments from matches from a player’s perspective, the club added. The technology is based on volumetric video, a


Intel announced a partnership with English soccer clubs Arsenal, Liverpool and Manchester City Thursday, with the aim of bringing a new viewing experience to the world’s most popular sport. In a statement, the U.S. tech giant said its technology would be used at the clubs’ grounds to “deliver immersive experiences” through its Intel True View system. Fans will even be able to view key moments from matches from a player’s perspective, the club added. The technology is based on volumetric video, a
Intel teams up with Premier League giants to offer soccer fans ‘immersive experiences’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: anmar frangoul, anthony devlin, afp, getty images
Keywords: news, cnbc, companies, immersive, fans, giants, soccer, premier, game, league, experiences, intel, used, view, ultra, clubs, offer, volumetric, using, technology, teams


Intel teams up with Premier League giants to offer soccer fans 'immersive experiences'

Intel announced a partnership with English soccer clubs Arsenal, Liverpool and Manchester City Thursday, with the aim of bringing a new viewing experience to the world’s most popular sport.

In a statement, the U.S. tech giant said its technology would be used at the clubs’ grounds to “deliver immersive experiences” through its Intel True View system.

One of the clubs involved in the partnership, Liverpool, said that advanced computing, together with “dozens of 5K ultra high-definition cameras” at its stadium, Anfield, would allow people watching matches from home to view clips from every angle of the game. Fans will even be able to view key moments from matches from a player’s perspective, the club added.

The technology is based on volumetric video, according to Intel, which is used to capture three-dimensional spaces. Using the “volumetric capture method,” game footage is recorded using 38 5K ultra high-definition cameras.

This includes the height, width and depth of data, which is used to produce pixels with volume, or “voxels.” Once content has been captured, the data are processed, with software used to re-create the viewpoints “of a fully volumetric 3D person or object.”

Liverpool’s Chief Commercial Officer, Billy Hogan, said the new technology enabled fans to “immerse themselves even further into the game and has the power to add a new depth to match highlights, which can significantly improve the supporter experience.”

“This technology has the potential to add a new dynamic to how people interact with the game and create different conversations with our fans around the world,” Hogan added.

Follow CNBC International on Twitter and Facebook.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: anmar frangoul, anthony devlin, afp, getty images
Keywords: news, cnbc, companies, immersive, fans, giants, soccer, premier, game, league, experiences, intel, used, view, ultra, clubs, offer, volumetric, using, technology, teams


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After climbing to start 2019, the stock market comeback is on hold – here’s why

Wall Street analysts are slashing earnings expectations for the first quarter of 2019 so sharply that the overall estimate of profit growth for the period just turned negative. Earnings are now expected to fall on average by 0.8 percent, according to FactSet. That’s quite a reversal from September, when analysts expected profits to jump nearly 7 percent. The slide in expectations matches the view of Morgan Stanley chief equity strategist Mike Wilson, who has been warning of an earnings recession


Wall Street analysts are slashing earnings expectations for the first quarter of 2019 so sharply that the overall estimate of profit growth for the period just turned negative. Earnings are now expected to fall on average by 0.8 percent, according to FactSet. That’s quite a reversal from September, when analysts expected profits to jump nearly 7 percent. The slide in expectations matches the view of Morgan Stanley chief equity strategist Mike Wilson, who has been warning of an earnings recession
After climbing to start 2019, the stock market comeback is on hold – here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: michael sheetz
Keywords: news, cnbc, companies, negative, hold, view, wilson, analysts, comeback, stock, quarter, earnings, expectations, expected, start, 2019, warning, climbing, heres, market


After climbing to start 2019, the stock market comeback is on hold – here's why

After many stocks rallied during the best quarterly earnings season in nine years, investors began looking at the current quarter and the year ahead — and the 2019 outlook is not great.

Wall Street analysts are slashing earnings expectations for the first quarter of 2019 so sharply that the overall estimate of profit growth for the period just turned negative. Earnings are now expected to fall on average by 0.8 percent, according to FactSet. That’s quite a reversal from September, when analysts expected profits to jump nearly 7 percent. Blame poor company outlooks accompanying the strong fourth-quarter numbers.

The slide in expectations matches the view of Morgan Stanley chief equity strategist Mike Wilson, who has been warning of an earnings recession.

“Earnings are deteriorating even faster than we expected,” Wilson said in a note on Monday. “The earnings revision breadth over the past month has been even more negative than we expected leading us to think [the] earnings recession trough in the U.S. could be later than 1Q and deeper.”


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: michael sheetz
Keywords: news, cnbc, companies, negative, hold, view, wilson, analysts, comeback, stock, quarter, earnings, expectations, expected, start, 2019, warning, climbing, heres, market


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Australian dollar reverses losses after RBA holds rates

The Australian dollar rose, reversing earlier losses, after the Reserve Bank of Australia (RBA) held rates at record lows at its first meeting of the year but sounded less dovish than expected. The dollar index, which measures the greenback against a basket of six key rivals, was barely changed at 95.846 after gaining for three straight sessions. It gained as Treasury yields rose with that of the 10-year jumping 9 basis points over the past two sessions. “It will be hard for the Australian dolla


The Australian dollar rose, reversing earlier losses, after the Reserve Bank of Australia (RBA) held rates at record lows at its first meeting of the year but sounded less dovish than expected. The dollar index, which measures the greenback against a basket of six key rivals, was barely changed at 95.846 after gaining for three straight sessions. It gained as Treasury yields rose with that of the 10-year jumping 9 basis points over the past two sessions. “It will be hard for the Australian dolla
Australian dollar reverses losses after RBA holds rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: amr abdallah dalsh
Keywords: news, cnbc, companies, weaker, dollar, rates, rose, rise, view, trade, reverses, yen, rba, strategist, losses, session, australian, holds


Australian dollar reverses losses after RBA holds rates

The dollar held on to recent gains against its major peers on Tuesday, supported by a recovery in investors’ risk appetite, which gave an overnight boost to U.S. yields.

The Australian dollar rose, reversing earlier losses, after the Reserve Bank of Australia (RBA) held rates at record lows at its first meeting of the year but sounded less dovish than expected.

The dollar index, which measures the greenback against a basket of six key rivals, was barely changed at 95.846 after gaining for three straight sessions.

“The overly pessimistic view on developed economies and the overly dovish view on the (Federal Reserve) is being unwound,” said Masafumi Yamamoto, chief currency strategist at Mizuho Securities.

Trading was likely to remain subdued in Asia with many markets across the region closed for Lunar New Year holidays for much of the week.

The index rose 0.7 percent after dipping last week below its 200-day moving average for the first time since early January 2018.

It gained as Treasury yields rose with that of the 10-year jumping 9 basis points over the past two sessions.

Yields have climbed after MSCI’s gauge of global stocks hit a two-month high on Monday as optimism over recently concluded U.S.-China trade talks helped send U.S. technology and industrial shares higher.

The Aussie was last up 0.4 percent at $0.7255 about 50 minutes after the RBA’s decision.

It had traded in negative territory during most of the session after retail sales for December came in weaker than expected.

“The key message from the RBA seems clear – that they have noted the weaker global outlook, ongoing steep declines in Sydney and Melbourne house prices and concede that the third quarter GDP (gross domestic product) report was a fizzer,” said Sean Callow, Sydney-based senior currency strategist at Westpac.

Some market players are still expecting a rate cut later this year due to mounting signs of economic weakness.

“It will be hard for the Australian dollar to close above $0.7300 given the stubbornness of rates markets still pricing in considerable chance of RBA easing this year, premised on the RBA simply being too optimistic,” said Callow.

The euro was flat at $1.1438, off three-week high of $1.15145 set on Thursday.

Against the Japanese yen, the dollar rose a tad to 109.93 yen. It had risen above 110 yen for the first time since Dec. 31 overnight.

“There’s further room to rise for the U.S. two-year yield. If this move continues, dollar/yen will rise above 110 again,’ said Mizuho’s Yamamoto.

Sterling was flat at $1.3038 after seesawing during the previous session on uncertainty over the way Britain will leave the European Union.

In late Monday trade, sterling gave up gains made earlier in the day after a newspaper report said that goods shipped to Britain from the European Union could be waved through without checks in the event of a “no-deal” Brexit.

The Canadian dollar was a shade weaker against the greenback.

It fell one tenth of a percent overnight, reversing some of last week’s rally, as oil prices fell and the greenback broadly climbed.


Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: amr abdallah dalsh
Keywords: news, cnbc, companies, weaker, dollar, rates, rose, rise, view, trade, reverses, yen, rba, strategist, losses, session, australian, holds


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Fed’s Kashkari: Rate hike pause keeps US growth on track

Last week, the Fed discarded a promise to keep raising rates, and instead pledged patience on further policy change. The dovish shift was cheered by financial markets, but sounded to some analysts like a warning of economic weakness ahead. The Fed has been raising rates since December 2015, including four times last year, to a current range of 2.25 percent to 2.5 percent. It is a view Kashkari has staked out repeatedly over the past couple of years, but only recently has it been adopted by his p


Last week, the Fed discarded a promise to keep raising rates, and instead pledged patience on further policy change. The dovish shift was cheered by financial markets, but sounded to some analysts like a warning of economic weakness ahead. The Fed has been raising rates since December 2015, including four times last year, to a current range of 2.25 percent to 2.5 percent. It is a view Kashkari has staked out repeatedly over the past couple of years, but only recently has it been adopted by his p
Fed’s Kashkari: Rate hike pause keeps US growth on track Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: chris goodney, bloomberg, getty images
Keywords: news, cnbc, companies, growth, keeps, lets, view, raising, rates, pause, including, kashkari, tap, track, fed, hike, rate, past, feds, signs


Fed's Kashkari: Rate hike pause keeps US growth on track

Last week, the Fed discarded a promise to keep raising rates, and instead pledged patience on further policy change. The dovish shift was cheered by financial markets, but sounded to some analysts like a warning of economic weakness ahead.

The decision also appeared to deliver President Donald Trump what he had been demanding in tweets and interviews for the past several months – a stop to what he termed the Fed’s “crazy” round of interest rate hikes that in his view were undercutting the growth he has sought to foster.

The Fed has been raising rates since December 2015, including four times last year, to a current range of 2.25 percent to 2.5 percent.

Kashkari’s comments put a positive spin on last week’s decision.

“I think there are more people out there who want to work; let’s let the economy continue to strengthen and if we see signs then, wages pick up, inflation picks up, we can always tap the brakes then; let’s just not tap the brakes prematurely,” Kashkari said.

It is a view Kashkari has staked out repeatedly over the past couple of years, but only recently has it been adopted by his policy-setting colleagues.

There are some risks, including slowing growth in China and confusion surrounding Britain’s exit from the European Union, he said. Optimism fueled early last year by Trump’s hefty tax cuts has eroded amid mounting concern over trade tariffs, Kashkari said, keeping some businesses from making investments.

Still, he said, the U.S. economic outlook was strong. As long as there are no signs the economy is overheating, he said, the Fed should not risk pushing short-term rates above long-term ones, creating a so-called inverted yield curve that would herald a recession.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: chris goodney, bloomberg, getty images
Keywords: news, cnbc, companies, growth, keeps, lets, view, raising, rates, pause, including, kashkari, tap, track, fed, hike, rate, past, feds, signs


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