Apple analysts have let down their clients but this shouldn’t be a surprise

Apple analysts, huh, what were they good for? Yes, this may be a sweeping damnation of the analyst community’s performance regarding Apple, but let me add I’m going to try to avoid repeating the whole Apple demise story. What I want you to think about is the absolute “shock” experienced by the analysts regarding Apple’s revenue warning last week. I want you to consider how many of the Wall Street analysts covering Apple had an outright “sell,” or even an “underweight,” on the stock? As of Decemb


Apple analysts, huh, what were they good for? Yes, this may be a sweeping damnation of the analyst community’s performance regarding Apple, but let me add I’m going to try to avoid repeating the whole Apple demise story. What I want you to think about is the absolute “shock” experienced by the analysts regarding Apple’s revenue warning last week. I want you to consider how many of the Wall Street analysts covering Apple had an outright “sell,” or even an “underweight,” on the stock? As of Decemb
Apple analysts have let down their clients but this shouldn’t be a surprise Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: steve sedgwick, scott eells, bloomberg, getty images
Keywords: news, cnbc, companies, strong, warning, shouldnt, stock, sell, let, scared, watching, analysts, repeating, apple, clients, surprise


Apple analysts have let down their clients but this shouldn't be a surprise

Apple analysts, huh, what were they good for? Absolutely nothing. Say it again…

Yep, that’s right, I just butchered one of the most powerful lyrics of the past fifty years. Lyrics immortalized by Edwin Starr in the 1970 Vietnam protest song, but for me it kind of grabs your attention and makes the point rather succinctly.

Yes, this may be a sweeping damnation of the analyst community’s performance regarding Apple, but let me add I’m going to try to avoid repeating the whole Apple demise story. A precipitous fall that has taken it from being worth circa $1.2 trillion to its current more modest $700 billion valuation. One that has many of us who remember Nokia at its year 2000 peak wondering if we will see history repeating itself so speedily?

What I want you to think about is the absolute “shock” experienced by the analysts regarding Apple’s revenue warning last week.

I want you to consider how many of the Wall Street analysts covering Apple had an outright “sell,” or even an “underweight,” on the stock? Now my Reuters analytics may be malfunctioning terribly but I’ve been watching Apple’s stock pretty keenly for years now and in advance of last week’s warning there were — wait for it — zero sells out there on the stock. Not one. As of December 27, Apple had 13 “strong buy” ratings from analysts, 10 “buy” and 20 “hold” ratings, with no “sell” or “strong sell” ratings.

Anyone else feeling a little let down by the objectivity of this motley crew? Let down, yes, yet again, but not surprised.

They herded, scared of being on the wrong side of perhaps the greatest of the FAANGs (Facebook, Apple, Amazon, Netflix and Alphabet’s Google), scared of leaving the pack and actually watching what was going on.

Even us humble, lightweight business TV anchors spotted that there were big problems after the company pulled its individual iPhone number from future reporting back in November. What? Don’t believe me? Play the tapes … all of them, there are lots.


Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: steve sedgwick, scott eells, bloomberg, getty images
Keywords: news, cnbc, companies, strong, warning, shouldnt, stock, sell, let, scared, watching, analysts, repeating, apple, clients, surprise


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Netflix, Amazon among biggest winners in monster comeback from the Christmas Eve low

Stocks have bounced hard off the Christmas Eve lows and many of the worst performers are the stars of the two-week period since then, including General Electric, Netflix and many energy names. “It was a dash for trash as the new year has come into play,” said Todd Sohn, technical analyst at Strategas Research. Stocks continued to rally Tuesday morning in the ninth session since the Christmas Eve shakeout. Amazon was u[ 1 percent, adding to its already 21 percent gain in the post-Christmas period


Stocks have bounced hard off the Christmas Eve lows and many of the worst performers are the stars of the two-week period since then, including General Electric, Netflix and many energy names. “It was a dash for trash as the new year has come into play,” said Todd Sohn, technical analyst at Strategas Research. Stocks continued to rally Tuesday morning in the ninth session since the Christmas Eve shakeout. Amazon was u[ 1 percent, adding to its already 21 percent gain in the post-Christmas period
Netflix, Amazon among biggest winners in monster comeback from the Christmas Eve low Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-07  Authors: patti domm, gina francolla, drew angerer, getty images news, getty images
Keywords: news, cnbc, companies, biggest, amazon, netflix, low, comeback, christmas, stocks, higher, worst, watching, market, twoweek, monster, winners, eve, period


Netflix, Amazon among biggest winners in monster comeback from the Christmas Eve low

Stocks have bounced hard off the Christmas Eve lows and many of the worst performers are the stars of the two-week period since then, including General Electric, Netflix and many energy names.

“It was a dash for trash as the new year has come into play,” said Todd Sohn, technical analyst at Strategas Research.

Stocks continued to rally Tuesday morning in the ninth session since the Christmas Eve shakeout. Amazon was u[ 1 percent, adding to its already 21 percent gain in the post-Christmas period. The stock’s gains in fact have pushed its market capitalization sharply higher to nearly $800 billion, and on Monday, it surpassed Microsoft as the largest public company.

Investors are watching the action to see if new market leadership will emerge and whether the market is showing signs of having found a bottom. However, they say it will take time to tell, and there’s still a lot of doubt as to whether the move higher is a sign of recovery, or simply a bear market rally.

WATCH: How Netflix stock has made long-term investors rich


Company: cnbc, Activity: cnbc, Date: 2019-01-07  Authors: patti domm, gina francolla, drew angerer, getty images news, getty images
Keywords: news, cnbc, companies, biggest, amazon, netflix, low, comeback, christmas, stocks, higher, worst, watching, market, twoweek, monster, winners, eve, period


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Economist: I think Jerome Powell ‘caved’ to pressure

Economist: I think Jerome Powell ‘caved’ to pressure13 Hours AgoFederal Reserve Chairman Jerome Powell said on Friday that the central bank will be patient in watching how the economy evolves. Noting that the job report in the U.S. was “incredibly strong,” Rob Carnell of ING says it looks like Powell “caved” to pressure.


Economist: I think Jerome Powell ‘caved’ to pressure13 Hours AgoFederal Reserve Chairman Jerome Powell said on Friday that the central bank will be patient in watching how the economy evolves. Noting that the job report in the U.S. was “incredibly strong,” Rob Carnell of ING says it looks like Powell “caved” to pressure.
Economist: I think Jerome Powell ‘caved’ to pressure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-06
Keywords: news, cnbc, companies, rob, pressure, pressure13, jerome, report, powell, caved, watching, economist, strong, think, reserve


Economist: I think Jerome Powell 'caved' to pressure

Economist: I think Jerome Powell ‘caved’ to pressure

13 Hours Ago

Federal Reserve Chairman Jerome Powell said on Friday that the central bank will be patient in watching how the economy evolves. Noting that the job report in the U.S. was “incredibly strong,” Rob Carnell of ING says it looks like Powell “caved” to pressure.


Company: cnbc, Activity: cnbc, Date: 2019-01-06
Keywords: news, cnbc, companies, rob, pressure, pressure13, jerome, report, powell, caved, watching, economist, strong, think, reserve


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The president of the Dallas Fed says central bank should pause rate hikes amid turmoil in markets

Along with the rate hike, Fed officials collectively indicated that two more rate increases are likely this year. In addition to his comments Thursday on rates, Kaplan said the Fed may want to rethink its balance sheet reduction. “I’m watching it very carefully and [we should] be very open if necessary to making adjustments in this balance sheet runoff if we need to. I’m not at that point yet, but I’m watching it very carefully and I think we should be very open-minded about making adjustments t


Along with the rate hike, Fed officials collectively indicated that two more rate increases are likely this year. In addition to his comments Thursday on rates, Kaplan said the Fed may want to rethink its balance sheet reduction. “I’m watching it very carefully and [we should] be very open if necessary to making adjustments in this balance sheet runoff if we need to. I’m not at that point yet, but I’m watching it very carefully and I think we should be very open-minded about making adjustments t
The president of the Dallas Fed says central bank should pause rate hikes amid turmoil in markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: jeff cox, mary catherine wellons
Keywords: news, cnbc, companies, sheet, fed, bank, comments, turmoil, hikes, watching, kaplan, dallas, im, president, think, market, balance, pause, markets, rate, central


The president of the Dallas Fed says central bank should pause rate hikes amid turmoil in markets

Along with the rate hike, Fed officials collectively indicated that two more rate increases are likely this year. Markets, however, do not think that will happen and are pricing in less than a 10 percent chance of a hike before 2019 ends.

“My own view is we shouldn’t take any further action on interest rates until these issues are resolved for better or for worse,” Kaplan said. “So I would be an advocate of taking no action, for example, in the first couple of quarters of this year.”

Kaplan is a nonvoting member of the policymaking Federal Open Market Committee this year, but still has input on the panel and will vote again in 2020.

His comments contrast somewhat with remarks he made in an October essay. Back then, he said the Fed “no longer [needs] to be stimulating the U.S. economy” and should be “gradually and patiently” moving toward a “neutral” rate that is neither stimulative nor restrictive on growth.

In addition to his comments Thursday on rates, Kaplan said the Fed may want to rethink its balance sheet reduction. In an operation that started in October 2016, the central bank has been allowing a set level of proceeds — currently at $50 billion — from its bond portfolio to run off each month. That has reduced the Fed’s role in the bond market and has sparked liquidity concerns.

“I think it’s critical in the job I’m in that you pay very close attention to what the markets are saying,” Kaplan said.

“This is unprecedented. There’s no textbook for exiting quantitative easing, and my own view is while there’s a process in place, we should be very vigilant,” he added. “I’m watching it very carefully and [we should] be very open if necessary to making adjustments in this balance sheet runoff if we need to. I’m not at that point yet, but I’m watching it very carefully and I think we should be very open-minded about making adjustments to that process if we need to.”

Contrary to Kaplan’s stance, Fed Chairman Jerome Powell said at a December news conference that he does not expect the Fed to adjust its balance sheet stance. Those comments were broadly seen as sparking another move lower in the stock market.


Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: jeff cox, mary catherine wellons
Keywords: news, cnbc, companies, sheet, fed, bank, comments, turmoil, hikes, watching, kaplan, dallas, im, president, think, market, balance, pause, markets, rate, central


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US Treasurys fall as investors move back to risk assets

Fixed-income assets are perceived as a safe haven compared to equities, and the two have been moving with an inverse correlation this week. Low trading volumes have meant high volatility with both markets surging both higher and lower. Stock futures on Friday morning stateside pointed to a cautiously higher open, but this comes after a wild session where the Dow erased a 600-point drop to close positive. Investors have fretted over fears of a monetary policy mistake by the Federal Reserve, an on


Fixed-income assets are perceived as a safe haven compared to equities, and the two have been moving with an inverse correlation this week. Low trading volumes have meant high volatility with both markets surging both higher and lower. Stock futures on Friday morning stateside pointed to a cautiously higher open, but this comes after a wild session where the Dow erased a 600-point drop to close positive. Investors have fretted over fears of a monetary policy mistake by the Federal Reserve, an on
US Treasurys fall as investors move back to risk assets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: matt clinch
Keywords: news, cnbc, companies, volumes, trade, washington, investors, risk, wild, volatility, treasurys, higher, wall, fall, watching, assets, data, week


US Treasurys fall as investors move back to risk assets

Fixed-income assets are perceived as a safe haven compared to equities, and the two have been moving with an inverse correlation this week. Low trading volumes have meant high volatility with both markets surging both higher and lower. Stock futures on Friday morning stateside pointed to a cautiously higher open, but this comes after a wild session where the Dow erased a 600-point drop to close positive.

Investors have fretted over fears of a monetary policy mistake by the Federal Reserve, an ongoing government shutdown in Washington and potential signals the global economy may be slowing down. Wall Street is also watching developments on the trade front as China and the U.S. try to strike a deal on trade — and the clock ticks down on the two nations’ tariff cease-fire.

On the data front front, pending home sales data for November will be released at 10:00 a.m. ET.

—CNBC’s Fred Imbert and Eustance Huang contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: matt clinch
Keywords: news, cnbc, companies, volumes, trade, washington, investors, risk, wild, volatility, treasurys, higher, wall, fall, watching, assets, data, week


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Half the world’s population tuned in to this year’s soccer World Cup

The governing body of world soccer, FIFA, revealed that around half of the world’s population watched some part of the 2018 World Cup, according to audience data. A combined 3.572 billion viewers — more than half of the global population aged four and over — tuned in to watch the month-long tournament in Russia during June and July. “These figures really do support the claim that Russia 2018 was the best World Cup ever. Numbers in that region and the Caribbean were down 13.6 percent from the 201


The governing body of world soccer, FIFA, revealed that around half of the world’s population watched some part of the 2018 World Cup, according to audience data. A combined 3.572 billion viewers — more than half of the global population aged four and over — tuned in to watch the month-long tournament in Russia during June and July. “These figures really do support the claim that Russia 2018 was the best World Cup ever. Numbers in that region and the Caribbean were down 13.6 percent from the 201
Half the world’s population tuned in to this year’s soccer World Cup Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: adam reed, bruno levesque, getty images
Keywords: news, cnbc, companies, watched, world, watching, worlds, million, cup, billion, soccer, viewers, coverage, tuned, audience, global, half, population


Half the world's population tuned in to this year's soccer World Cup

The governing body of world soccer, FIFA, revealed that around half of the world’s population watched some part of the 2018 World Cup, according to audience data.

A combined 3.572 billion viewers — more than half of the global population aged four and over — tuned in to watch the month-long tournament in Russia during June and July.

The global in-home TV audience watching at least one minute of coverage totaled 3.262 billion. A further estimated 309.7 million people watched no coverage in their homes, but caught the action on digital platforms, including public viewing areas or in bars and restaurants, boosting the total audience by 9.5 percent.

“These figures really do support the claim that Russia 2018 was the best World Cup ever. We’re particularly pleased to see an increase in the average time viewers are engaging with matches, which shows that we are giving the fans what they want,” said FIFA’s Chief Commercial Officer Philippe Le Floc’h in a statement Friday.

The final between France and Croatia on July 15 attracted a combined global audience of 1.12 billion, comprising 884.37 million viewers tuning in to linear TV coverage and a further 231.82 million out-of-home and digital-only viewers.

The total viewing figures for the semi-finals and final were less than at the previous World Cup though, with the research putting that down to the lack of South American representation during that stage of the competition.

Over the 64 matches, the average live audience was 191 million: each game was a global televisual event in its own right.

However, the impact of the U.S. not featuring at a World Cup for the first time since 1986 may have been responsible for a drop in viewing figures across North America. Numbers in that region and the Caribbean were down 13.6 percent from the 2014 World Cup in Brazil.

There was a sharp rise in engagement across Africa and the Middle East though. 537 million people watched games, which was an increase of more than 66 percent. That rise potentially peaking due to five countries represented from those areas, compared to just two in 2014.

“The fact that half the world’s population watched the FIFA World Cup reflects not just the high quality of our award-winning live coverage, but also that fans everywhere are insatiable for world-class football,” said Le Floc’h.

The report also reveals that, on average, viewers watching on TV at home engaged with the coverage for longer than in previous FIFA World Cups. The number of viewers catching at least three minutes of the 2018 edition was 3.04 billion, a 10.9 percent increase on Brazil 2014. Meanwhile, the audience watching for at least 30 minutes was 2.49 billion, way up on 2014’s 1.95 billion viewers.


Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: adam reed, bruno levesque, getty images
Keywords: news, cnbc, companies, watched, world, watching, worlds, million, cup, billion, soccer, viewers, coverage, tuned, audience, global, half, population


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The S&P 500 and Dow are back in a correction. Here’s what experts are watching for next week

Markets slump on fears of a global slowdown — Four experts on what to watch next 14 Hours Ago | 03:17Another sharp sell-off has investors reeling on Friday, as the Dow and S&P 500 both dove back into correction territory. The downturn has put more than half of S&P 500 stocks in a bear market, which means they are down more than 20 percent off their recent respective highs, and has put the index on track for its worst quarter since 2011. Slowing economic growth, trade war fears and a Fed meeting


Markets slump on fears of a global slowdown — Four experts on what to watch next 14 Hours Ago | 03:17Another sharp sell-off has investors reeling on Friday, as the Dow and S&P 500 both dove back into correction territory. The downturn has put more than half of S&P 500 stocks in a bear market, which means they are down more than 20 percent off their recent respective highs, and has put the index on track for its worst quarter since 2011. Slowing economic growth, trade war fears and a Fed meeting
The S&P 500 and Dow are back in a correction. Here’s what experts are watching for next week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: tyler bailey, michael nagle, bloomberg, getty images, picture alliance, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, sp, weekheres, week, war, investors, trade, worst, correction, 500, experts, watch, watching, heres, fears, dow


The S&P 500 and Dow are back in a correction. Here's what experts are watching for next week

Markets slump on fears of a global slowdown — Four experts on what to watch next 14 Hours Ago | 03:17

Another sharp sell-off has investors reeling on Friday, as the Dow and S&P 500 both dove back into correction territory. The downturn has put more than half of S&P 500 stocks in a bear market, which means they are down more than 20 percent off their recent respective highs, and has put the index on track for its worst quarter since 2011.

Slowing economic growth, trade war fears and a Fed meeting will be at the top of investors’ minds next week.

Here’s what four experts are saying:


Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: tyler bailey, michael nagle, bloomberg, getty images, picture alliance, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, sp, weekheres, week, war, investors, trade, worst, correction, 500, experts, watch, watching, heres, fears, dow


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5 ways to get more out of every day — and the Ted Talks to help you do it

You can’t wish your ideal life into existence. Real change takes hard work and a concerted effort to get things done. If you feel that you didn’t hit all your goals in 2018, use the New Year as a clean slate to transform your life. Start by watching Ted Talks, where experts share powerful insights and strategies on topics like time management and productivity. To help you hit the ground running in 2019, CNBC Make It has compiled a list of five Ted Talks that will inspire you to set and reach you


You can’t wish your ideal life into existence. Real change takes hard work and a concerted effort to get things done. If you feel that you didn’t hit all your goals in 2018, use the New Year as a clean slate to transform your life. Start by watching Ted Talks, where experts share powerful insights and strategies on topics like time management and productivity. To help you hit the ground running in 2019, CNBC Make It has compiled a list of five Ted Talks that will inspire you to set and reach you
5 ways to get more out of every day — and the Ted Talks to help you do it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: ruth umoh
Keywords: news, cnbc, companies, work, talks, wish, day, ways, topics, help, watching, ted, hit, goals, transform, things


5 ways to get more out of every day — and the Ted Talks to help you do it

You can’t wish your ideal life into existence. Real change takes hard work and a concerted effort to get things done. If you feel that you didn’t hit all your goals in 2018, use the New Year as a clean slate to transform your life.

Don’t know where to begin? Start by watching Ted Talks, where experts share powerful insights and strategies on topics like time management and productivity.

To help you hit the ground running in 2019, CNBC Make It has compiled a list of five Ted Talks that will inspire you to set and reach your goals:


Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: ruth umoh
Keywords: news, cnbc, companies, work, talks, wish, day, ways, topics, help, watching, ted, hit, goals, transform, things


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Ryan Toysreview: YouTube’s highest-earning star is seven years old

YouTube’s highest-earning star made $22 million in 12 months – and is only seven years old. According to a Forbes estimate published Monday, Ryan — the child star behind YouTube channel Ryan ToysReview — earned $22 million in the year to June 2018, and is one of the platform’s top “influencers” with 17.3 million followers. Ryan’s following has built up since the 2015 launch of his channel, which showcases videos of himself reviewing toys. He also has his own line of toys in Walmart and Target, F


YouTube’s highest-earning star made $22 million in 12 months – and is only seven years old. According to a Forbes estimate published Monday, Ryan — the child star behind YouTube channel Ryan ToysReview — earned $22 million in the year to June 2018, and is one of the platform’s top “influencers” with 17.3 million followers. Ryan’s following has built up since the 2015 launch of his channel, which showcases videos of himself reviewing toys. He also has his own line of toys in Walmart and Target, F
Ryan Toysreview: YouTube’s highest-earning star is seven years old Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: chloe taylor, eric piermont, afp, getty images
Keywords: news, cnbc, companies, watching, seven, star, ryan, forbes, old, channel, toysreview, toys, 22, youtube, highestearning, million, youtubes


Ryan Toysreview: YouTube's highest-earning star is seven years old

YouTube’s highest-earning star made $22 million in 12 months – and is only seven years old.

According to a Forbes estimate published Monday, Ryan — the child star behind YouTube channel Ryan ToysReview — earned $22 million in the year to June 2018, and is one of the platform’s top “influencers” with 17.3 million followers.

Ryan’s following has built up since the 2015 launch of his channel, which showcases videos of himself reviewing toys. He also has his own line of toys in Walmart and Target, Forbes reported.

In an interview with NBC News last month, Ryan said other children liked watching his channel because he was “entertaining and funny.”


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: chloe taylor, eric piermont, afp, getty images
Keywords: news, cnbc, companies, watching, seven, star, ryan, forbes, old, channel, toysreview, toys, 22, youtube, highestearning, million, youtubes


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Fed’s Quarles: Fed watching data but will not react to ‘every wavering’

Federal Reserve vice chairman Randal Quarles said the Fed’s increasing “data dependence” does not mean it will react to every rise or fall in economic statistics or markets, but only to “significant changes in direction.” After a week in which markets have swung in their interpretation of where the Fed is heading, Quarles appeared to anchor the Fed’s move towards slowly but steadily continuing to raise interest rates. “We should be data dependent but not reacting to every wavering of the needle


Federal Reserve vice chairman Randal Quarles said the Fed’s increasing “data dependence” does not mean it will react to every rise or fall in economic statistics or markets, but only to “significant changes in direction.” After a week in which markets have swung in their interpretation of where the Fed is heading, Quarles appeared to anchor the Fed’s move towards slowly but steadily continuing to raise interest rates. “We should be data dependent but not reacting to every wavering of the needle
Fed’s Quarles: Fed watching data but will not react to ‘every wavering’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: brendan mcdermid
Keywords: news, cnbc, companies, week, feds, significant, thought, markets, watching, react, quarles, fed, policy, rates, data, wavering, recent


Fed's Quarles: Fed watching data but will not react to 'every wavering'

Federal Reserve vice chairman Randal Quarles said the Fed’s increasing “data dependence” does not mean it will react to every rise or fall in economic statistics or markets, but only to “significant changes in direction.”

After a week in which markets have swung in their interpretation of where the Fed is heading, Quarles appeared to anchor the Fed’s move towards slowly but steadily continuing to raise interest rates.

“We should be data dependent but not reacting to every wavering of the needle across the dial…We have described in all the communications tools a path that is pretty clear,” Quarles said. “We are following a strategy and taking account of data over time as it comes in and in response to significant changes in direction.”

That path currently has the Fed raising rates later this month and throughout 2019, an interpretation some investors have called into question given the recent focus of policymakers on weakening global growth and other recent data.

Stock markets in particular rose dramatically last week after construing remarks by Fed chair Jerome Powell to mean that the central bank may be nearer than thought to pausing the cycle of rate increases it began in late 2015.

But Quarles, repeating what has become a theme of the Powell Fed, emphasized that discussion of a possible stopping point puts too much emphasis around the concept of the “neutral” rate of interest, a notion he feels is not useful as a precise guide to appropriate policy as economic conditions become more normal.

It cannot be precise, may be changing over time, and “its utility as the central organizing thought around how you are conducting monetary policy becomes less,” Quarles said.

His comments, after weeks in which markets have both dropped dramatically and climbed based on perceptions of where rates are in comparison to “neutral,” are part of Powell’s so far choppy effort to downplay the concept — discounting its usefulness but continuing to refer to where policy stands in relation to it.


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: brendan mcdermid
Keywords: news, cnbc, companies, week, feds, significant, thought, markets, watching, react, quarles, fed, policy, rates, data, wavering, recent


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