• Fed raising rates will 'end in tears' for stock investors, Guggenheim's Scott Minerd says

    8 days ago - By CNBC

    The Federal Reserve's moves to curb inflation will not end well for some investors, Scott Minerd of Guggenheim Partners said Monday.
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  • Inflation remains too high for the Fed to bring it down without causing a recession, Strategas CEO says

    8 days ago - By Business Insider

    Decreasing growth and increasing inflation. DNY59/Getty Images
    The central bank will have a tough time avoiding a recession while raising rates, Jason Trennert told CNBC.
    The Strategas CEO added that inflation is too high for a soft landing to be realistic, unlike in 1994 when inflation was much lower.
    "It seems to me the operating assumption should be that you're likely to get a recession in 2023."
    The Federal Reserve will have difficulty avoiding a recession while raising benchmark rates to combat inflation, according to Strategas CEO Jason Trennert. Speaking with CNBC on Monday , he...
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  • The dollar can strengthen to new highs if central banks fail to achieve a soft-landing and inflation stays elevated, Bank of America says

    8 days ago - By Business Insider

    Spencer Platt/Getty Images
    BofA said Fed messaging will impact the dollar this week as the central bank gears up for an outsized rate hike.
    Analysts said the dollar can only weaken if US inflation shows it is on a clear downward path.
    If the Fed can't avoid a hard landing of the economy, the dollar could soar further, BofA said.
    The dollar remains at its strongest level in 20 years in nominal terms but it could soar to new highs if central banks deliver a hard landing for their economies, according to Bank of America. The Federal Reserve's two-day meeting begins Tuesday, and markets are...
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  • US stocks continue sell-off as traders brace for more Fed rate hikes later this week

    8 days ago - By Business Insider

    Traders work the floor of the New York Stock Exchange David Dee Delgado/Getty Images
    US stocks dropped Monday, continuing last week's downturn which was the worst week since June.
    Traders are shedding stocks in anticipation of another jumbo rate hike from the Federal Reserve this week.
    The 10-year Treasury yield briefly hit 3.51% Monday for the first time since 2011.
    US stocks dropped Monday ahead of the Federal Reserve's two-day meeting, which begins Tuesday. The dip is a continuation of Friday's sell-off, in which indexes capped off their worst five-day stretch since June. The 10-year...
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  • The Fed will likely refrain from a 100-basis-point rate hike this week to avoid unnerving already anxious markets, CFRA says

    8 days ago - By Business Insider

    US Federal Reserve Chairman Jerome Powell. Xinhua/Liu Jie via Getty Images
    The Federal Reserve is set to raise interest rates on Wednesday, but it's unlikely to hike them by 100 basis points, CFRA said Monday.
    Such a massive hike would "unnerve Wall Street" as it would imply policymakers are overreacting to the August inflation report.
    Investors are pricing in a 20% probability of a rate move of 1 percentage point.
    The Federal Reserve is expected to raise its key interest rate this week, but it's unlikely to hike by 100 basis points, a massive move that would rattle investors already...
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