More CEOs expect hybrid work is here to stay
In a new survey, 34% of US CEOs said they expect workers whose roles were once tied to an office to be back in their cubicles five days a week in the next three years. That's down from 62% who held that view in 2023, according to the study released Thursday by KPMG US.The shift…
The market sees a less-than-50% chance of a June rate cut...
Bond-market expectations of a June rate cut fell below 50% after strong factory data, according to Bloomberg data. ISM manufacturing data showed an expansion on Monday for the first time in 16 months. Inflation is in line with Fed hopes, but creates a "wait and see" situation for rate cuts, a former Fed official said.…
The Fed could cut rates 5 times in 2025 with the...
The Fed could cut rates five times in 2025, according to S&P Global Ratings' global chief economist. A slowing US economy will give the Fed the green light to cut, the firm predicted. That implies the Fed will lower rates by 2 full percentage points as inflation continues to cool. Thanks for signing up! Access…
A soft landing is now ‘most unlikely scenario’ for the US,...
A soft landing is now "most unlikely scenario" for the US, with a less than 50% chance of it happening, Apollo's chief economist says. That's because the economy hangs in a precarious balance between easing financial conditions and the lagged effects of the Fed's rate hikes. "The bottom line is that what currently looks like…
You can thank the Fed — not repaired supply chains —...
Instead, the Federal Reserve should take the most credit, as its aggressive monetary tightening campaign succeeded in putting the brakes on US demand, Alexander William Salter wrote in an article published by the think tank at the end of December. His outlook pushes back on a wider narrative that has formed in recent month, which points…
Fed rate cuts will be even more aggressive than expected in...
Fed rate cuts will be even steeper than central bankers are expecting in 2024, thanks to a steadily weakening economy and the unemployment rate climbing higher, according to Pantheon Macroeconomics.The research firm pointed to the Fed's interest rate forecast at their latest policy meeting, with central bankers suggesting three 25-basis-point cuts are coming next year.But…
Larry Summers talks about the ‘fool’s game’ at the Fed, AI’s...
Larry Summers shared his latest economic views with the Financial Times. He talked about what he would do differently at the Fed and prospects for a soft landing. The former Treasury Secretary also discussed AI and another Trump presidency. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed…
The Fed’s next move will be to cut rates as the...
The Fed's next rate move will be to cut rates, former PIMCO chief economist Paul McCulley said. McCulley pointed to the drop in shelter prices, which has kept inflation stubbornly high for the past year. Some forecasters say the Fed will slash interest rates by nearly three percentage points next year. Loading Something is loading.…
US stocks trade mixed as investors turn their attention to upcoming...
US stocks traded mixed on Monday as investors look ahead to the October consumer price index. Inflation is expected to have slowed to 3.3% year over year, down from 3.7% in September. Investors are eyeing the possibility of at least one more interest rate hike from the Fed this cycle. Loading Something is loading. Thanks…
US stocks drop as investors assess Moody’s outlook and brace for...
US stocks fell on Monday as traders took in Moody's outlook for the US credit rating. The agency downgraded its outlook from "stable" to "negative" as concerns over the US debt build. Investors are also looking to October inflation data, which will come out on Tuesday. Loading Something is loading. Thanks for signing up! Access…
