Podcasts about Fedspeak

US equities were mostly higher in Monday trading. Stocks shook off earlier weakness that was initially driven by Moody's cutting US credit rating from Aaa to Aa1 on Friday. Nothing on the US economic calendar today, but a lot of Fedspeak.

US equities were mostly lower following a very volatile Monday afternoon session, though stocks finished well off their worst levels, with the Dow Jones and S&P500 closing down 91bps and 23bps, while the Nasdaq finished up 10bps. White House officials continue to offer mixed messaging on trade. A bit of Fedspeak from Governor Kugler, who said coming tariffs will be consequential and the Fed is already seeing some signs of higher prices. Apple will reportedly send more iPhones to the US from India to avoid steeper China tariffs.

Carl Quintanilla, Jim Cramer and David Faber discussed the effect of tariff talk on markets. Thursday morning, President Trump posted on social media that his proposed tariffs on goods from Mexico and Canada will go into effect on March 4 -- and that China will be charged an additional 10% tariff on that same date. The AI trade also in the spotlight: Nvidia posted better-than-expected Q4 results, while Salesforce reported a Q4 revenue miss and issued weaker-than-expected guidance. Also in focus: "Fedspeak" on inflation by Kansas City Fed President Jeff Schmid, earnings movers including Snowflake, eBay, Warner Bros. Discovery and Paramount.Squawk on the Street Disclaimer

US equity futures are slightly lower after a mixed close on Monday. European markets are trading weaker. Asian equities ended mixed, supported by gains in Japan and South Korea but pressured by China's economic uncertainty. Markets are digesting mixed global equity performance as tech optimism drives gains in the US and Asia, while Europe trades lower amid cautious sentiment. Focus remains on US equity strength led by AI developments, with Nvidia's CEO Huang CES keynote unveiling new GPUs under the Blackwell architecture. Higher US yields, driven by slower Fed rate cut expectations and reinforced by hawkish Fedspeak. Tariff discussions are back in focus after conflicting reports about Trump's revised import strategy.Companies Mentioned: NXP Semiconductors, Phillips 66, Apple

Did today's strong jobs report put the Fed's December pause on pause? It depends on who you ask. We'll round up the latest Fedspeak and look at how to position into year-end. Plus, one economist says AI is exacerbating the “hiring doom loop.” He'll join us to explain and give us the latest remote-work trends. And it's OpenAI's second day of “Shipmas”, we have their latest offering and a look at Trump's pick for the White House AI and Crypto Czar.

US equity futures are slightly lower, while European markets are trading higher, led by gains in France. Asian markets ended mostly higher. Cryptocurrencies are surging, with Bitcoin crossing $100,000. U.S. markets are in a holding pattern ahead of Friday's November Non-Farm Payrolls report. Dovish-leaning Fedspeak was also in focus. France is leading gains despite political instability, as PM Barnier's government was ousted in a no-confidence vote as expected, with limited spillover effects observed so far. Regional focus remains on South Korea's political turmoil, where Parliament has initiated an impeachment motion against President Yoon for a vote on Saturday, though the ruling party is expected to oppose it. Companies Mentioned: Cousins Properties, Athena Technology Acquisition Corp. II, Petrobras

US equities closed higher in uneventful Friday trading, ending a bit off best levels in a short session after the US Thanksgiving Day holiday. There were some minor easing of tariff worries after Wednesday headlines that Trump and Mexico's President Sheinbaum had productive conversations on cross-border flows. The Market processed limited newsflow today with nothing on the economic calendar and no scheduled Fedspeak.

Major US equity indices were higher this week, bouncing after last week's losses though the S&P and Nasdaq remain below post-election record closes. There was a big focus on corporate results this week, largely focused on the long-awaited Nvidia report. It was also another fairly busy week of Fedspeak, with policymakers continuing to stress patience and data dependence, with some members continuing to note that the Fed won't prejudge its December rate decision.

US equities closed higher in fairly uneventful Monday trading, hovering around the unchanged mark after a bit of morning strength. As expected, it was a quiet session given the federal holiday, sparse earnings, no economic releases, and quiet Fedspeak – all factors which will ramp up later this week. Nevertheless, the path of least resistance remains higher coming out of last week's election.

US equities were mostly lower this week. The biggest focus was on another backup in yields, extending this month's sizable jump with the 2Y back above 4%, and 10Y back to July levels (before the Fed cut by 50bp in August). In a busy week of Fedspeak before next week's blackout period ahead of the November FOMC meeting, Fed officials continued to argue that they see further rate cuts ahead, but there are some questions around the pace.

US equities finished lower in uneventful Monday trading. This week starts the peak of Q3 earnings with 112 S&P 500 companies scheduled to report. Nothing on the economic calendar today and a slow data week ahead, though a bit of Fedspeak.

US equities were higher in Tuesday trading, ending just off their best levels at the close, with the Dow Jones, S&P500, and Nasdaq closing up 30bps, 97bps, and 145bps respectively. Busy day of Fedspeak. Today's Treasury auction of $58B in 3Y notes tailed, with softer bid-to-cover and weak foreign demand. Hurricane Milton rapidly intensifying and on a direct course for central Florida. China's economic planning body announced no new stimulus. Israel considering a retaliatory strike against Iranian energy infrastructure.

US equities finished lower in Tuesday trading, but ended off worst levels. Market trading risk off to start October/Q4 with latest ramp in Middle East tensions the go-to excuse. JOLTS job openings came in firmer than expected. ISM manufacturing a bit weaker than expected at 47.2 in September. Nothing incremental in Fedspeak.

US equities were mostly higher in fairly quiet, rangebound Monday trading. September flash manufacturing PMI slipped to 47 from 47.9 in August, below the 48.5 consensus. A busy week of Fedspeak lies ahead, with Bowman, Kugler, Williams, Barr, Cook and Collins all on tap.

In this week's episode of Capital Markets Quickie, Endrit Cela breaks down the key events shaping the markets. From the Fed's favorite inflation measure to gold's record-breaking rally, we've got the critical insights you need. Plus, hear what Fed officials have to say in the wake of last week's rate cut. Just a quick reminder, Capital Markets Quickie is brought to you by AMF Capital AG, Asset Management Frankfurt, your leading provider for individual investment solutions and mutual funds. Visit https://www.amf-capital.de for more information. >>> Make sure to check out my newsletter "Cela's Weekly Insights": https://endritcela.com/newsletter/ >>> You can subscribe here to our YouTube Channel “MVP – Main Value Partners”: https://www.youtube.com/@MainValue >>> Visit out website for interesting articles on business, finance and much more: http://www.mainvalue.de >>> Follow me on LinkedIn: https://www.linkedin.com/in/endrit-cela/ >>> Follow me on Instagram: https://www.instagram.com/endritcela_official/ Disclaimer for "Capital Markets Quickie" Podcast: The views and opinions expressed on this podcast are based on information available at the time of recording and reflect the personal perspectives of the host. They do not represent the viewpoints of any other projects, cooperations, or affiliations the host may be involved in. "Capital Markets Quickie" does not offer financial advice. Before making any financial decisions, please conduct your own due diligence and consult with a financial advisor.

While the electoral impact of last week's US presidential debate is unclear, our Global Head of Fixed Income and Thematic Research offers two guiding principles to navigate the markets during the election cycle.----- Transcript -----Welcome to Thoughts on the Market. I'm Michael Zezas, Morgan Stanley's Global Head of Fixed Income and Thematic Research. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about takeaways from the US presidential campaign debate. It's Wednesday, September 18th at 10:30am in New York. Last week, Vice President Harris and Former President Trump met in Philadelphia for debate. Investor interest was high, and understandably so. As our Chief Economist Seth Carpenter has previously highlighted in his research, visibility remains low when it comes to the outlook for the US in 2025. That's because the election could put the country on policy paths that take economic growth in different directions. And of course, the last presidential debate in June led to President Biden's withdrawal, changing the race dramatically. So, any election-related event that could provide new information about the probability of different outcomes and the resulting policies is worth watching. But, as investors well know from tracking data releases, earnings, Fedspeak, and more, potential catalysts often remain just that – potential. For the moment, we're putting last week's debate in that category. Take its impact on outcome probabilities. It could move polls, but perhaps not enough for investors to view one candidate as the clear favorite. For weeks, the polls have been signaling an extremely tight race, with only a small pool of undecided voters. While debates in past campaigns have modestly strengthened a candidate's standing in the polls, in this race any lead would likely remain within the margin of error. On policy, again we don't think the debate taught us anything new. Candidates typically use these widely watched events to influence voters' perceptions. The details of policies and their impact tend to take a back seat to assertions of principles and critiques of their opponents. This is what we saw last week. So if the debate provided little new information about the impact of the election on markets, what guidance can we offer? Here again we repeat two of our guiding principles for this election cycle. First, between now and Election Day, expect the economic cycle to drive markets. The high level of uncertainty and the lack of precedent for market behavior in the run-up to past elections suggest sticking to the cross-asset playbook in our mid-year outlook. In general, we prefer bonds to equities. While our economists continue to expect the US to avoid a recession, growth is slowing. That bodes better for bonds, where yields may track lower as the Fed eases, as opposed to equities, where earnings may be challenged as growth slows. Second, lean into market moves that election outcomes could accelerate. For several months, Matt Hornbach and our interest rate strategy team have been calling for a steeper yield curve, driven by lower yields in shorter-maturity bonds. They have been guided by our economists' steadfast view that the Fed would start cutting rates this year as inflation eases. We doubt that policies in Democratic win scenarios would change this trend, and a Republican win could accelerate it in the near term, as higher tariffs would imply pressure on growth and possibly further Fed dovishness. Pricing that path could steepen the yield curve further. And of course, there's still several weeks before the election to get smart on the economic and market impacts of a range of election outcomes. We'll keep you updated here. Thanks for listening. If you enjoy the podcast, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

Meera Chandan and Jay Barry talk through the US employment data, Fedspeak and the outlook for US rates/ FX markets following a rollercoaster Friday.   Speakers Meera Chandan, Global FX Strategy Jay Barry, Fixed Income Strategy   This podcast was recorded on 6 Sept 2024. This communication is provided for information purposes only. Institutional clients can view the related report at  https://www.jpmm.com/research/content/GPS-4789008-0 and https://www.jpmm.com/research/content/GPS-4790005-0  for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.    

US equities were higher this week as the S&P 500 and Nasdaq broke four-week streaks of declines and posted their best weekly performances since November of 2023. July core CPI was in line with consensus, though the three-month annualized core CPI pace of 1.57% was the slowest since Feb-21, while the six-month annualized pace of 2.84% is the lowest since March-21. Fedspeak leaned more dovish this week, with Atlanta's Bostic warning that the Fed needs to be more mindful of the employment mandate, while Chicago's Goolsbee said that the Fed needs to cut rates before the labor market weakens further, or it would risk moving too late and negatively impacting the economy.

US equities were mostly higher in uneventful Wednesday trading, ending just off best levels, with the Dow Jones, S&P500, and Nasdaq closing up 61bps, 38bps, and 3 bps respectively. Headline July CPI and core CPI came in right in line with consensus, both rising +0.2% m/m. Retail sales on tap for Thursday with the Street looking for headline retail sales to increase 40bps in July. Fedspeak included Chicago's Goolsbee, saying the Fed needs to cut before labor market weakens further.

US equity indices were mixed in this week's trading, with the market largely continuing to see a rotation out of big tech/growth/momentum and into value, cyclicals, and small caps. The week's big economic release was June retail sales, which were flat against expectations for a monthly decline. There was some notable Fedspeak, primarily a Monday appearance by Chair Powell in which he said incoming data has given policymakers more confidence on inflation.

After stocks closed out a strong first half and second quarter, Truist's Keith Lerner and Citi's Drew Petit, plus 3Fourteen Research's Warren Pies, weigh in with their best ideas for the second half of 2024. Jon sits down with Nokia CEO Pekka Lundmark after the company buys Infinera for around $2B, plus an interview with MoviePass CEO Stacy Spikes on buying back the company and MoviePass's second act. Former Kansas City Fed President Thomas Hoenig on recent data, Fedspeak and the consumer. 

US equities finished mixed in Tuesday afternoon trading, with S&P and Nasdaq breaking a streak of three straight declines. Today saw some reversal of the recent momentum unwind. Underwhelming corporate updates were another area of focus. Little directional impulse from economic calendar or Fedspeak. Stretched positioning and buyback blackouts flagged as near-term headwinds.

US futures are indicating a higher open today. European equity markets have opened in the positive territory, following mostly higher levels in Asian markets. Rate backup in focus with yield curves bear steepening amid hawkish Fedspeak and weak Treasury auctions. Markets also dialing back ECB rate cut expectations beyond June. BOJ rhetoric continuing to lean hawkish. Companies Mentioned: Paramount Global, Sanofi, Stericycle, Waste Management

US equities finished mostly lower in Thursday trading, though off worst levels. Despite the weak index finish market breadth was positive, with somewhat softer economic data contributing to lower Treasury yields after a notable multiday backup driven by hawkish Fedspeak, oversupply concerns, and firmer data. In macro news, Q1 GDP was revised down to a 1.3% SAAR in the second read from the prior 1.6% flash, with the release pointing to a downward revision to consumer spending.

US equity futures are pointing to a lower open as of 04:45 ET. This follows weaker markets in Asia, whilst European equity markets have also opened lower. The rate back-up on supply pressures, firmer data, and the commodities rally are an overhang on the market. This follows last week's weakness in Treasuries on hawkish Fedspeak and minutes, and also positive macro surprise momentum. Companies mentioned: ConocoPhillips, Marathon Oil, Merck

US equity futures are broadly unchanged as of 04:45 ET. This follows mixed markets in Asia, whilst European equity markets have opened lower. Focus in Europe on UK inflation data, which eased sharply to 2.3% in April, but above the Bank of England's forecast and services prices remain sticky. FOMC minutes due out later today, with previews noting a potential for a hawkish tilt, echoing recent Fedspeak that has pushed a higher-for-longer messaging on rates.Companies mentioned: Snowflake, Schneider Electric, Bentley Systems, Panasonic, Tesla

US equities ended mostly higher and near session highs in uneventful Tuesday trading. No big directional drivers in play coming off a four-week rally driven by soft-landing narrative traction. Quiet on the macro front aside from the flurry of Fedspeak and Fed officials not really saying anything new with next key inflation data point still a few weeks away.

US equities ended mostly higher Monday in a fairly quiet, rangebound session. No meaningful impact from Middle East developments, but the market is still closely monitoring the news. Nothing on the economic calendar today, though it's been a busy day in Fedspeak.

Here's what is happening in the markets today, Monday May 20th - DOW closes above 40k for the first time ever - Stocks try to make new record highs - FedSpeak & Retail earnings this week - Is the meme rally over? - The Buffet Effect sends CB higher PLUS: How we trade these markets and our current positions This wraps up today's stock market news. If you enjoyed the "Stock Market Today" episode, make sure to subscribe to this podcast.  And for more stock market news,  visit our YouTube Channel: https://youtube.com/rockwelltrading2008 #todaysstockmarket #stockmarkettoday #stockmarket

Stocks had a largely uneventful trading session and lost some early-morning strength as the day evolved. Soft-landing narrative traction is the big tailwind for risk sentiment as of late. Another busy day for both economic data and Fedspeak.

DoubleLine Portfolio Managers Jeff Mayberry and Samuel Lau review stock (0:57), bond (2:46) and commodity (5:40) markets for the week ended May 3, including notable volatility in equities and fixed income in the wake of inflation data, Fedspeak and jobs ... Read More

A major selloff in tech and semis stocks today with Nvidia having its worst day since March 2020. Citi's Scott Chronert and Wealth Enhancement's Nicole Webb break down the market action from a volatile week. Rapidan Energy Group's Bob McNally on the energy markets as tensions increase in the Middle Eeast. Evercore Vice Chairman Krishna Guha recaps a busy week in economic data and Fedspeak. Plus, our Kate Rooney on the bitcoin halving.

US equity futures are indicating a higher open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are mostly higher. No change in the market drivers, as confluence of Fed policy repricing, risk aversion and elevated volatility continues. Markets are now pricing in less than 50 basis points of Fed easing this year amid the latest Fedspeak and data resilience. Companies mentioned: Adidas, LVMH Moet Hennessy Louis Vuitton, Just Eat Takeaway.com

US equities finished mostly lower in up-and-down Tuesday trading. S&P ended down for a third-straight session with equal-weight S&P a notable laggard to the official index. Tone continued to be driven by hawkish repricing of Fed pivot expectations alongside solid economic data and sticky inflation. Another busy day of Fedspeak with Powell noting recent data shows lack of further progress on inflation.

On the heels of Thursday's Fedspeak-fueled stock sell-off, Carl Quintanilla and Jim Cramer explored what investors should make of the better-than-expected March employment data -- and what it could mean for Fed interest rate policy. National Economic Council Director Lael Brainard joined the program with White House reaction to the jobs report. The anchors also reacted to what Treasury Secretary Janet Yellen said in China about that country's treatment of U.S. businesses. Also in focus: Johnson & Johnson to buy medical device maker Shockwave Medical for $12.5 billion in cash, "Mag 7" musings, the oil rally, Bob Iger and Nelson Peltz in their own words -- where did ego fit into the Disney proxy battle?  Squawk on the Street Disclaimer

Major US equity indices were down for the week, though helped by a solid post-NFP gain on Friday. The week's big theme was the notable backup in Treasury yields driven by some firmer economic data (particularly a strong March jobs report and a hotter-than-expected ISM manufacturing reading). It was also another week overflowing with Fedspeak, again centered on an appearance by Chair Powell and again doing little to shift the broad narrative of a possible start to rate cuts at the June FOMC meeting.

Stocks slumped on Thursday as oil hit its highest price in six months and a key Federal Reserve official floated a warning that interest rate cuts might not come in 2024. Learn more about your ad choices. Visit megaphone.fm/adchoices

US equities ended mostly lower in a quiet, rangebound Monday session with modest downside in the S&P 500 and Nasdaq after capping off the best weekly gain of the year on Friday. There was a bit of Fedspeak, though nothing shifted the narrative. February new home sales came in a bit weaker than consensus.

For the market week ended March 22, 2024, DoubleLine's Samuel Lau and Mark Kimbrough recap a mostly positive week for equities (2:39) and fixed income (4:03) while commodities dipped (6:43). For the Topic of the Week (13:20), Sam and Mark ... Read More

US equities ended lower in Wednesday trading, with the Dow Jones, S&P500, and Nasdaq closing down 6bps, 17bps, and 55bps respectively. Very quiet session with nothing specific behind the pullback. First revision of Q4 GDP marked down to 3.2% pace; Personal consumption marked up to 3.0%; Q4 GDP price index marked up to 1.6%; and Q4 core PCE up to 2.1%. Busy in terms of Fedspeak but not much new, with governors reiterating patience, but cuts likely later this year.

US equity futures are indicating a mostly flat open as of 04:45 ET. This follows markets trading higher in Asia, whilst European equity markets have opened mixed to higher. Strength in tech stocks has continued with NIVDIA's earnings still driving sentiment. This has seen several leading indices hit new record highs. The market has largely shrugged-off more cautious Fedspeak. Companies Mentioned: General Motors, Standard Chartered

US equities were mostly higher this week as the S&P 500 and Nasdaq were up for the 15th time in the past 17 weeks. There were a number of moving pieces this week, though the key bullish narrative was AI optimism after Nvidia earnings. Fedspeak continued to lean hawkish, though officials including Governor Waller and New York's Williams continue to say they still expect cuts this year.

US equities finished lower in fairly quiet Tuesday trading, though the equal-weight S&P held up better than the official index. Small-caps more than erased last week's gains. Today saw a lot of drag from NVDA ahead of its earnings, a dynamic that weighed on the broad semi space. Came after market leaned risk-off last week with the hotter-than-expected CPI and PPI prints driving another hawkish repricing of Fed pivot expectations. Fairly quiet week ahead form a macro perspective though FOMC minutes are out on Wednesday afternoon and Thursday brings a flurry of Fedspeak.

US equities ended higher Thursday, just off best levels. The bounce following Tuesday's CPI drawdown has been chalked up to several dynamics, including the potential "January effect" on the print, somewhat dovish Fedspeak, a still favorable setup surrounding Fed pivot and resilient US growth backdrop, stable 2024 consensus earnings estimates amid heightened focus on operational efficiency, and an intact disinflation narrative. It's been a huge day of economic releases, including January retail sales, which dropped more than expected, and December's was revised lower.

US futures are indicating a lower open as of 04:05 ET. European equity markets have opened higher, following a quiet session in Asia. Renewed bond market weakness follows run of strong US macro data and Fedspeak that has been uniformly hawkish with officials continuing to push higher-for-longer narrative. Developments have continued to flatten market-implied rate-cut path. Futures now pricing in around 110 bps of rate cuts in 2024, and have largely priced out March rate cut, while economists now see first rate cut occurring in May or June.Companies Mentioned: Diamondback Energy, Disney, Reliance Industries

High-profile interviews with CEOs of Cleveland-Cliffs on why he's happy to not buy IS Steel and Masimo CEO on Apple's decision to pause some Apple Watch sales amid Masimo's patent dispute with the tech giant. Plus, MicroStrategy's Michael Saylor on Bitcoin's surge and why he's still bullish for more upside. Market talk with John Hancock's Emily Roland and Wells Fargo's Darrell Cronk. TD Cowen President Jeff Solomon gives his outlook and predictions for 2024. Former KC Fed President Thomas Hoenig parses recent Fedspeak and the market's reaction.

Photo:  1920 DC. No known restrictions on publication. @Batchelorshow TONIGHT: The show begins on Maui and travels to Crimea, Moscow, and the donbas.  A robust discussion of the fourth indictment. and a measure of the plan to test starship, a note on the Fedspeak at Jackson Hole, Wyoming, indicating proceeding cautiously.  Mentioning also Tokyo, Seoul, Manila, Taipei, at odds with Beijing.

Photo: 1905 Austin.  No known restrictions on publication. @Batchelorshow #MrMarket: Fedspeak: one and one more?    Liz Peek The Hill. Fox News and Fox Business https://www.bloomberg.com/opinion/articles/2023-07-25/federal-reserve-should-stick-to-its-2-inflation-target?utm_medium=email&utm_source=newsletter&utm_term=230725&utm_campaign=sharetheview&sref=5g4GmFH

At his biannual congressional testimony today, Federal Reserve Chair Jerome Powell stuck to his script on whether more interest rate increases are coming. Thing is, that script still has a cliffhanger ending. Today, we’ll try to parse Powell’s words. Plus, inflation hits a Brooklyn bakery and fears of industrial espionage plague the startup world.

Ahead of their upcoming monthly meeting, Federal Reserve officials have hinted at possibly holding interest rates steady. And they've been using a few terms to describe the move — a “skip,” a “pause” and a “hold.” One listener called in to ask: What's the difference? We'll get into it and answer more of your questions, like why monetary policy tools are so blunt and the possibility of a common currency for BRICS countries. Plus, why your favorite radio program asks for money. Here’s everything we talked about today: “Fed Officials Consider Skipping a Hike in June — But Don't Call It a Pause” from Bloomberg “Why May's Jobs Data Complicates Inflation Picture for the Fed” from The New York Times “How BRICS Became a Real Club and Why Others Want In” from The Washington Post “BRICS Ministers to Challenge US With More Members, Common Currency” from Bloomberg “What should the White House do to combat inflation? Experts weighed in with 12 ideas.” from The Washington Post “What the Inflation Reduction Act does and doesn’t do about rising prices” from NPR “Is the ‘blunt tool’ of monetary policy actually just a dull tool?” from Marketplace “Why Media & Tech Layoffs Are Skyrocketing” from Variety “The mysterious ad slump of 2022” from Vox Got a question about the economy, business or technology for the hosts? Leave us a voicemail at 508-U-B-SMART or email us at makemesmart@marketplace.org.