Fed rate cuts: Retail sales data 'another body blow' to near-term rate cuts, economist says
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- Опубликовано: 28 май 2024
- The March retail sales report surprised to the upside, coming in at 0.7% from the month prior versus the anticipated 0.4% gain. Roth MKM's Chief Economist and Macro Strategist Michael Darda joins the Morning Brief to discuss the implications of this report for the Federal Reserve's rate cut plans, calling it a "body blow to expectations."
Darda notes that earlier this year, markets had priced in expectations for six to seven rate cuts. However, that outlook has now dwindled to less than two rate cuts. With "several months of hot inflation readings" combined with the better-than-expected retail sales data, in Darda's view, this leaves the Fed with little choice but "pushing back in terms of when they would likely start to entertain any kind of a notion of easing monetary policy."
Darda believes rate cuts could materialize later in 2024. However, he expects monetary policy to only begin easing once "it's much more obvious that the economy is losing steam." Darda warned of two potential "tail risks": the Fed waiting too long and causing "issues with earnings," or easing too soon and risking "a reacceleration, high inflation risk." He characterizes the Fed's rate cut timing as a "balancing act."
#youtube #stockmarket #stockmarket
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Prices jumped by more than that, so OF COURSE sales increased geniuses.
Ah, the American spending habits. I'm shocked how much money people waste in America, just my observation as an Asian.
We Americans are addicted to spending and don't save. I'm one of the exceptions.
@@Falconlibrary good job being a sensible person. It's strange to hear my american coworkers complaining about social security insolvency and inflation while orders out for lunch and drinking expensive coffee etc. The paradoxical and self conflicting behavior is just a really wierd picture to an onlooking asian.
Debt economy reaching critical mass. Only our population has no formal education on financial systems or even personal finance. This has always been a underlying train wreck offset by American domination in the world stage. And now that's weakened a bit and we are feeling it.
@@Zymandis I would bet US wasn't always like this. Most Americans should be able to trace their origin to poor immigrants who came here to build the American Dream like myself. So they were probably poor and frugal but still managed to make ends meet. I wonder where along the way that sensibilitie and virtue was lost? Sigh. Maybe my grandchildren will also end up wasting the wealth we worked hard to build up.
The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
A downtrend offers an equally high-yielding avenue if you have the necessary skills and knowledge. This is why I've been using an investment advisor to scale up during this difficult time, and it's the only way I've been able to raise up to $150K in the last six months. It all comes down to technique. The downtrend gives you room to focus on the market and grow-substantially whether in the long or short run.
I've wanted to start investing for a few months, but just haven't had the courage to start because the market has been down for most of last year. Please how can I reach out to your financial advisor and what are their services like?
@@Erickruiz562 I work with Jennifer Lea Jenson, a licensed fiduciary. Simply look up the name. The information you need to work with a letter to schedule an appointment would be included.
One of the fiduciaries I deal with is Jennifer Lea Jenson. Just check the name. There would be a letter with the necessary information to set up an appointment.
I have a question: Does a 0.7% increase reflect total revenue or units sold? With inflation being out of control, a 0.7% increase should be expected as Americans have to pay for necessities. I don’t believe the 0.7% increase means more products are being bought. Take a look at the car market. Dealerships are having to turn away inventory.
Value / units sold I believe. So we don’t really know if it is due to price increases or # of sales but I would assume it is a bit of both.
Is this guy slow? The FED is always behind the curve because they follow the 2 year yield unless they cut for political reasons.
Increase rate
Ahh back half of the year, right when we are VOTING!!
It's almost too perfect of a timing... no??
(Wall Street bankers) But I want my free moneeeeey...gives it to me. Inflation is good for rich people because it increases the value of their assets, and they don't care if gas is $2 a gallon or $10 a gallon, all the same to them.
The Fed can't control inflation because it's being driven by policy choices: reckless deficit spending and restriction of energy production. Cheap energy production is key. As DJT himself said: "Drill baby drill."
Buying things we don’t need with money we don’t have to impress folks we don’t know…. Aka American dream 2.0
oh u mean people came out of hibernation after the holiday spending like they normally do? interesting how u see retail move when the weather warms up as well.
They should cut the interest rates
Leave it to yahoo to make a negative out of this
Rates hiking
Trump 2024!
Now we are in the definition of stagflation. So now its time to change the definition of stagflation and pretend everything will be ok.
Yeah..... The stock market has dropping 1-2% every trading day for over a week. Bite me.
stock market CRRASH has started by slowly - I dont think it will be rapid Recession, it will be slow
Yahoo rate INCREASES 7% 😛😛😛😛😛😛
They should cut rates that’s solutions
yes
Leviticus 25:37