CNBC’s Morgan Brennan, Steve Liesman and Rick Santelli break down Friday’s key personal consumption expenditure data. KPMG Chief Economist Diane Swonk and G Squared Private Wealth’s Victoria Greene also discuss what the data means for the Fed and U.S. economy.
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The unstable economy is a result of global fluctuations, housing problems, foreclosures, uncertainty, and the fallout from the pandemic. To stabilize the economy and spur growth, all sectors must respond quickly to rising inflation, slow growth, and trade disruptions.
Make sure you pump futures Sunday night then dump them at 2am to the open and then dump some more and tapper and then set new highs at market close 😊
Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.
Bidens deficit spending making the rich richer. He is the President for the rich. Open Borders? Cheap labor and high rents.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you… prevent inflation
Steve loves people not being able to feed themselves, pay the rent, shrinking wages and working longer as long as he can push the false narrative of Bidenflation strong economy.
Sweet Smiles candy just added more candy to the bag while the price stayed the same. Government and corporation greed along with their lies are killing the American people…..
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What are the best additions to a $500k portfolio to boost performance?. ETH is Up and will do better, I believe as indicators for profits con.inue to improve. investors like me believe that “Santa has come early” to the markets.
T
There is too much risk in this overinflated economy. Bond investors will require greater yield to compensate. As they print trillions more to accommodate rate cuts they will in fact cause yields to surge higher. Therefore. Interest rates will go up whether the fed likes it or not. This is what happened in the seventies and it’s happening again.
The fed is cutting rates and reducing tightening because they foresee a weak economy in the latter half of the year and next year, which is why they have indicated cuts at those times.
If the economy is so strong why is Powell cutting back on tightening when the balance sheet has hardly been reduced and will fly up soon as he does his rate cuts, and debt is humongous and no longer controllable and deficits keep going higher and higher?
Too much risk in this overinflated economy. Inflation is not just sticky it’s permanent. How do you bring inflation down after you promise three more cuts? Why do you need rate cuts if the economy is so great ???
Inflation reduction act. No. Let’s pump that inflation act. Print print and print.
Our country is 34 trillion in debt and it went up 1 trillion last month. Soon all taxes will be used on interest. This is literally unsustainable. After this we collapse. We are supporting proxy wars and funneling money to the military industrial complex that controls our government. We have a national health crisis. One in 22 kids have autism when it used to be one in 10,000! and half are prediabetic. RFK is the only one addressing these issues along with affordable homes And ending forever wars and closing the border etc. please research. He is desperately needed and do not believe lies by our threatened, Compromised government
The fed NEVER gets it right. They are NOT cutting this year unless something breaks. People who think rate cutes are bullish are delusional. Smart money dumping and inverted yield curve tells you everything. But keep drinking the koolaid.
J. Powell is extremely incompetent. Thanks
In case you’ve still got money in a bank, Bloomberg is warning that defaults in commercial real estate loans could “topple” hundreds of U.S. banks.
Morgan is an absolute smoke show. Woman in purple looks like the step mom from Tommy Boy aged 20 years
Powell is Republican. He’ll keep rates high until Trump wins, then start lowering rates. Or at least hold until when it’s almost too late to help Biden, to help Trump win.
Morgan omg, melting
“Focus should be on earnings” True, now buy Sofi.
Everyone should be wearing John Maynard Keynes T-shirts from now on!
Morgan 😍
My god she’s hot 🥵
This certainly better than the 1970's. I remember the S&L crises. It was so bad that all the S&Ls had gotten taken over by other banks. I was in an S&L at that time and had a CD at a whopping 13%!😂 volkner was aggressive in his hikes and the economy went into recession because there really was no way to avoid it. But by the late 1980's, the markets doubled! Goes to show how resilient the economy is!❤
So, the PCE is produced by BEA.Gov, controlled by the Biden Administration. Hmmm, what could go wrong–
Cost of living has skyrocketed but everyone on this panel thinks everything is fine.
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