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Citadel’s Ken Griffin Says Fed Must Keep Rates ‘Higher For Longer’

Citadel CEO Ken Griffin joined CNBC's "Power Lunch" Monday and discussed inflation, interest rates and the influence of AI on the American workforce.  "They've got to stay with higher rates to bring inflation back in check," Griffin said. "They need to bring inflation down over time." The Citadel CEO noted that inflation has come down in goods, but remains elevated in the services sector. "Powell and the team, I think, has made the right choice of staying higher for longer."

IAK

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Wall Street Looks To Extend Rally Amid Caution Over Fed Speeches, More Earnings: Why This Analyst Thinks Bull Market Is Still ‘Quite Young’

U.S. stocks are likely to extend their gains as major index futures are modestly higher on Monday. Strong earnings reports continue to support the market, with S&P 500 earnings expected to grow by 5% year-over-year — the highest rate since Q2 2022.

AAPL

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Wall Street Looks To Feed Off Apple’s Post-Earnings Power But Key Jobs Data May Upset The Cart: Analyst Says ‘A Lot Of These Clouds Will Lift’ If This Happens

Stocks look set to carry forward the upward momentum on Friday amid some earnings cheer, although a tinge of nervousness is evident ahead of the all-important non-farm payrolls report.

AMGN