Catalyst Watch: AI, 'Winner-Take-More' Game?
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 10 June 2023
⏱️ 15 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Thanks for joining us today. I'm Julie Morgan, host of Wall Street Breakfast, Seeking Alpha's daily flagship podcast. |
| 0:14.4 | This is our weekly show all about the catalyst for the upcoming week. |
| 0:18.4 | I'm joined by Kim Kahn. |
| 0:19.8 | He's the senior managing news editor at Seeking Alpha. |
| 0:23.3 | I'm also joined by Kevin Curran. |
| 0:25.2 | He's an associate news editor at Seeking Alpha. |
| 0:28.6 | Well, Kim, as usual, even though we haven't been here for what, |
| 0:32.4 | a couple of weeks or maybe three weeks we're |
| 0:34.4 | going to start with you what's major going on next week well next week's |
| 0:38.3 | going to be all my favorite week it's Fed week and it's going to be one of the most |
| 0:42.3 | exciting ones we've had in recent |
| 0:44.5 | memory if you define the sighting is being a little unsure about what's going to |
| 0:48.7 | happen. We've had all these great hikes baked in coming up to now five to five and a quarter percent where the |
| 0:55.7 | Fed funds rate is at but now it might be time for a pause and that's what the market is betting on today |
| 1:02.1 | the last I looked the futures were pricing in a 70% chance |
| 1:06.7 | that the Fed would keep rates steady. |
| 1:08.8 | That doesn't mean they're done hiking. |
| 1:10.6 | In fact, they are pricing in another hike maybe in July but the Fed officials were pretty |
| 1:16.3 | kind of adamant especially Philly Fed President Patrick Harker recently saying that we can skip a meeting. |
| 1:24.6 | That doesn't mean we're completely done and that certainly doesn't mean we're going to cut, |
| 1:28.0 | but we can take a break here. |
... |
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