Fed's Kashkari Says Appropriate To Debate September Rate Cut
Minneapolis Fed President, Neel Kashkari, said it was appropriate to discuss cutting U.S. rates in September due to a possible weakening labor market.
Minneapolis Fed President, Neel Kashkari, said it was appropriate to discuss cutting U.S. rates in September due to a possible weakening labor market.
The sudden sell-off that triggered the stock market's steepest decline in two years may be a sign of more turbulence ahead, according to JPMorgan.
Every once in a while, we’ll get a single anecdote that succinctly reflects a much bigger story in the economy. Customers are focusing on essentials.
The U.S. economy is doing just fine and markets now accept a quarter-point rate cut from the Federal Reserve next month will be enough.
“There are enough similarities that the 1995 cycle could serve as potential roadmap for corporate earnings and equity prices in upcoming quarters.”
Economist Nouriel Roubini has been such a doomsayer for so long but he sounded uncharacteristically bullish amid Wall Street's recent panic.
Ed Yardeni, president of Yardeni Research and a seasoned Wall Street expert, anticipates just one rate cut from the Federal Reserve this year.