Labor market report will give certainty Fed's at 'turning point' for rate cuts, says Booth's Rajan
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- Опубликовано: 13 сен 2024
- Raghuram Rajan, former Reserve Bank of India governor, joins 'Squawk on the Street' to discuss expectations for the Federal Reserve this year, why the U.S. lack hasn't seen an extended recession since 2008, and much more.
These Fed rate cuts were meant to help, but now they're causing chaos. My savings aren't earning anything, and the stock market is unpredictable.
Tell me about it. My 401k? Practically useless right now. I’ve got over $500k in there, but with everything going on, I’m wondering if I should just cash out and figure something else out. I’m getting closer to retirement, and the idea of relying on that fund is stressing me out.
It’s rough out there. Honestly, I had to pick up a second job just to make sure we stay afloat. The cost of living keeps going up, and the value of my investments seems to be going down. Feels like a losing game sometimes.
That’s why I started getting serious about budgeting and financial planning back in 2020 when the pandemic hit. It’s been a game-changer for me. At first, it was tough, but now, I’m feeling way more secure, and my investments are actually growing.
How’d you pull that off? I’ve been trying to stick to a budget, but with all this uncertainty, it feels impossible to get ahead, let alone plan for the future.
I didn’t figure it out on my own, trust me. I started working with a financial advisor, Desiree Ruth Hoffman, around the time everything went sideways in 2020. She’s been incredible with helping me navigate all this craziness-budgeting, investments, everything. Honestly, I’m even considering early retirement because things have been going so well.
If we wait for data to show "slowdown" it will already be too late. Fed has to move away from data dependence and prevent economy from moving into recession. Proactive vs Reactive.
Baring Crisis as well, some say we already had it in March of '23 when SVB had massive unrealized losses and then sold off, and some say we're yet to see it ... The Fed already moved away from inflation as primary focus. now it's unemployment... which we can expect a 5.2% unemployment rate while cutting modestly and then a cut to 0% fed fund rates once at 5.2% and unemployment will be at 6% b4 unemployment rate reverses... But cutting is already lagging... we should be at 3.1% inflation rate, they say in '26, so I'm sure we'll get an uptick in inflation after all of this is said and done, but hopefully they'll raise rates again sooner than later like '22...
Strong EV sector Summer Surge..Frey 6 %.. Polestar 15 %..Evgo 7 %... VHAI.. Vocodia pushing green.. Palantir 4 %... NKLA..2 %.. Nikola.. SoundHound 3 %... BBAI and more.
GDP 2nd estimate came in higher than expected at 3% today. How can anyone think a rate cut is appropriate!!! The bubbles haven't popped !! Market and real estate bubbles will inflate even Moreland inflation will return like in the 70s.
The Graph... GRT... Decentralized Indexing Infrastructure... 50+ Networks including Bitcoin!! Absolutely Amazing! DeFi, RWA's / DePins need Indexing to create WEB3 Platforms and DApps... ...
Proving them wrong": After raising minimum wage, California has more fast-food jobs than ever
In April, California fast-food workers went from earning $15.50 per hour to $20 per hour
By ASHLIE D. STEVENS
Food Editor
He makes some of dumbest suggestion this day's😂.
He said India should invest in Service not manufacturing electronics....but he fail to analysis how vulnerable Service sectors it an important sector but a economy can't solely depends on SS....manufacturing is vulnerable too but demand which manufacturing creates make economy roll in difficult time....
RAJAN on CNBC Television ✅
RAJAN on CNBCTV18 ❌
Fate of economy in hands of news screen readers
раньше по 20 крутил. Щас богатый стал и уже и по 2000 фигачу
There's no shortage of idiots in the world. Ohh!! I remember Rajan was a former Reserve Bank of Bharat Governor, and got removed / his term not extended. Thereafter he had been negative on Bharat, but who listens. Just like no one listens to Hindenburg now a days.