Newsfeeds Archive - Page 2 of 4

2 minute read

Larry Summers Says June Rate Cut Could Be ‘Dangerous And Egregious Error’ After Hotter-than-Expected March Inflation Data

April 11, 3:39 AM

Inflationary environment should not come as a surprise given the growth momentum, loose financing condition and depressed jobless rate, says Larry Summers.

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3 minute read

Will March Inflation Data Break Tech Rally’s Back? Why Wall Street’s ‘Dean Of Valuation’ And Gene Munster Are Worried, But Paul Krugman And Other Economists Are Not

By Shanthi Rexaline

April 10, 3:00 AM

Economists generally predict a slight slowdown in the month-over-month inflation rate, with consumer prices and the core reading potentially rising by 0.3% in March compared to 0.4% in February.

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2 minute read

Larry Summers Says There’s Still A ‘Real Possibility’ Of A Fed Move Higher: ‘Would Be An Inappropriate Act To Cut Rates’ At June Meeting

By Shanthi Rexaline

April 7, 10:27 AM

Summers says an accelerating economy, along with loosening of financial conditions, does not support a decrease in the fed funds rate in the near term.

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3 minute read

Never Mind Jerome Powell? Bullish Analyst Predicts Over 3 Rate Cuts This Year, Calls Recent Inflation Spike ‘Statistical Aberration’

By Shanthi Rexaline

April 4, 4:28 AM

Fundstart's Tom Lee suggested that by the Fed's June meeting, with data from three monthly inflation reports, markets may become more confident in falling inflation.

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2 minute read

Peter Schiff Warns Of Far More ‘Devastating Outcome’ Than 2008 Global Financial Crisis As He Slams Jerome Powell’s ‘Misguided’ Optimism

By Shanthi Rexaline

March 30, 4:07 PM

Inflation may not be headed toward the Fed's 2% target, said economist Peter Schiff as he questioned the central bank's logic in flagging rate cuts.

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2 minute read

Larry Summers Says Next Fed Move Could Be Up Rather Than Down As Inflation Data Calls Into Question The ‘Soft-Landing Paradigm’

By Shanthi Rexaline

February 17, 1:38 PM

Larry Summers suggests that inflationary pressure has not been contained and there is a possibility that pricing pressure could remain above the Fed target.

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2 minute read

El-Erian Thinks Biden’s Economic Woes Could Be Self-Inflicted As Trump Gains Ground In Voter Confidence

By Shanthi Rexaline

February 12, 2:29 AM

On the communication front, Biden and his team have touted the progress made on the economic front, but this has not resonated with the American public.

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