Fed speakers off the hook
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 24 March 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
Show Notes
FAA said to mull limits on new routes for United after safety incidents
Episode transcripts seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's market moving events, |
| 0:11.1 | along with the weekend's top news and analysis. |
| 0:14.0 | Hello today is Sunday March 24th and I'm your host Kim Kahn, the top stories to look out for. |
| 0:20.0 | The Fed took the headlines this past week and may well take them again in the holiday shortened week ahead. |
| 0:25.0 | The FOMC decision was deemed dovish by the markets, and as much as FOMC members boosted real GDP and inflation expectations for this year in the summary of economic projections, |
| 0:35.0 | but still stuck with three rate cuts. |
| 0:37.0 | In response, Treasury yields fell and stocks rallied. |
| 0:40.0 | The 10-year yield fell back down to 4.2 percent and the 2-year dipped to 4.6 percent and the S&P 500 had its best week of 2024. |
| 0:49.0 | All that means looser economic conditions and with the fed blackout period over, members will now have a chance to try and tighten them if they choose. |
| 0:55.7 | Fed Governor Christopher Wallace will speak on the economic outlook before the Economic Club of New York reception on Thursday. |
| 1:01.7 | On Friday Fed Chairman Jerome Powell is |
| 1:03.9 | participating in a moderated discussion before the Federal Reserve Bank of |
| 1:06.9 | San Francisco Macroeconomics and Monetary Policy Conference, but we'll have to wait |
| 1:11.2 | for Monday for market reaction with stock and bond markets closed for Good Friday. |
| 1:15.0 | Goldman Sachs says that Powell and a slight majority of the FOMC feels strongly about not delaying cuts for too long and are targeting the June FOMC meeting. |
| 1:24.3 | On Seeking Alpha, analysts Stoltan-Bahn warned that the Fed may need to raise rates after the election |
| 1:29.9 | due to the combination of inflationary federal budget deficits and a scarcity of goods effect. |
| 1:35.6 | And since Good Friday is a market holiday but not a federal holiday, the Fed's favorite inflation |
| 1:39.8 | gauge will arrive that morning along with the February income and spending report. |
| 1:44.0 | Economists expect a 0.3% rise for the month with the annual rate holding steady at 2.8%. |
| 1:50.0 | Also on the economic calendar are durable goods orders for February and March consumer confidence this week. |
| 1:56.0 | The market will also be on the lookout for more stock split announcements in the wake of Chipotle's big rally following its decision to split 50 for one. A screen of companies that have |
... |
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