Mindblown: a blog about philosophy.
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Fed’s Collins not seeing overwhelming progress (on inflation), more work to be done
Fed’s Collins (non-voter) says on Bloomberg TV that PCE data was about what the Fed expected; not seeing overwhelming progress, more work to be done; inflation is too high Is highly data dependent.Need to have financial conditions that are sufficiently tight and then hold."Early days" on deciding if Fed has gone as far as it…
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Morning Market Report – 31 March 2023
Happy Friday! Catch our morning report as we discuss the latest on the financial markets and what to look out for.
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Core PCE 4.6% Vs expected 4.7%
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End of day report March 30th
With outflows from deposit accounts and into money-market accounts will put another strain on the mid size banks.
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Fed’s Kashkari (voter, hawkish) says we have very high inflation, but it’s not being driven by wages; have to bring down inflation Once Fed gets inflation down, can get back to pre-COVID economy with low inflation, low unemployment, and decent wage growth.
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Fed’s Barkin (non-voter) says deposit flows among US banks are “relatively stable”, and is “encouraged” by evidence of resilience
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Fed’s Collins (non-voter) says likely need to hike rates more with more work needed to be done on inflation; Fed’s SEP of one more hike seems reasonable
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Morning Market Report – 30 March 2023
Get expert insights into the hottest stocks and how to invest for maximum returns. Keep up with current events and maximize your portfolio’s performance.
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US Jobless claims rise to 3-week high of 198,000
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End of day report March 29th
Everything is awesome!!!!! The banking crisis is over, inflation is dampening…so why is the curve still pricing rate cuts this year?
Got any book recommendations?