Stock markets are trading mixed after an eventful week of economic data releases and corporate announcements. Ryan Detrick, Carson Group’s Chief Market Strategist, joins Market Domination Overtime to discuss market outlooks. Detrick emphasizes that the market’s focus is primarily on inflation, with “some big-time improvements” emerging that are steering the economy back toward pre-pandemic levels. […]
Tag: disinflation
Fed officials held faith in disinflation at last meeting despite doubts, minutes show
By Howard Schneider (Reuters) – Even as they acknowledged disappointment over recent inflation readings, Federal Reserve officials at their last policy meeting indicated they still had faith price pressures would ease, if only slowly, according to the minutes of the U.S. central bank’s April 30-May 1 session. “Participants … noted that they continued to expect […]
The stock market is about to see a 10% correction, with further disinflation a ‘pipe dream’ and Fed rate cuts coming much later, Stifel says
Traders work on the floor of the New York Stock Exchange August 13, 2015.REUTERS/Brendan McDermid The S&P 500 could fall around 500 points in a swift correction, Stifel strategists warned. The investment firm said falling inflation was a “pipe dream,” and Fed rate cuts could be delayed. Markets see just one or two rate cuts […]
Goldman Sachs’ chief economist says ‘The Great Disinflation’ is under way—and he expects 3 back-to-back interest rate cuts by summer
Inflation has been a thorn in the side of central banks worldwide for over two years, but Goldman Sachs’ chief economist Jan Hatzius believes the era of pain for consumers is coming to an end. And Hatzius is someone worth listening to, given his recent track record on the economy. The combined core inflation rate […]
‘The great disinflation’ will set the stage for 5 Fed rate cuts in 2024, Goldman Sachs says
Federal Reserve chair Jerome Powell spoke at a press conference in Washington, DC on December 13.Kevin Lamarque/Reuters The world economy has entered a period of “great disinflation,” Goldman Sachs said Monday. The Federal Reserve is likely to slash interest rates five times in 2024, according to the bank. Its outlook comes after chair Jerome Powell’s […]