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01:42
September FOMC Brings Expected Rate Hike And Unexpected Market Slide
While investors and expected and saw the Fed raise interest rates 75bps after the September FOMC meeting, Powell's rhetoric in his speech afterward kicked off a major market sell off.
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08:05
Mixed Signals: An Assessment Of U.S. Recession Risk In The Year Ahead
Tom Joyce, Global Head of Capital Markets Strategy for MUFG discusses his recently published report, "Mixed Signals: An Assessment Of US Recession Risk In The Year Ahead", where over 110 signals for previous US recessions were reviewed to form a projection of the likelihood of a recession and what it will look like.
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01:32
Fed Battles Inflation with Another Historic Rate Hike
The Fed is moving expeditiously toward neutral, raising interest rates another 75 basis points and matching June's hike, which was the most in three decades. During his press conference, Fed Chair Jay Powell told journalists that he does not think the U.S. is currently in a recession, but he warned that nothing works in the economy without price stability. Powell said the Fed could do another unusually large rate hike in September, but it all depends on the data.
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08:30
Consumer Spending Betraying Sentiment
The market is still searching for direction amidst the ides of July and Q2 earnings calls, strong consumer spending and near-half-century-low consumer sentiment, and fund managers reducing their allocation to equities to lows not seen since October 2008.
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01:39
Increasing Influence Of BlackRock's Index Fund Investors
BlackRock recently created a policy that allows all U.S. pension funds and most institutional investors invested in the asset manager's index tracking funds vote in shareholder elections for the companies in those funds.
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01:13
The Euro Falls Closer to USD
The Euro fell to its lowest exchange against the U.S. dollar since 2002, landing at $1.0283 EUR/USD on July 5th. Continued concerns about economic slow down in Europe is driving the currency to loose value, a trend that Nomura forecasts will continue until the currencies reach parity, as asset managers look for safe havens outside the continent.
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03:08
El-Erian Fears Fed Will Flip-Flop
Dr. Mohamed El-Erian, President of Queens' College, Cambridge and chief economic adviser at Allianz, is worried the Federal Reserve will flip-flop between policies as it strives to balance curbing inflation with maintaining a healthy economy.
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06:31
Newday Impact Launches Ocean Health ETF (NYSE:AHOY)
Newday Impact Investing launches its first exchange traded fund and one of the few ETFs dedicated to protecting and restoring healthy marine ecosystems – builds on the company’s five years of impact investing and strong relationships with grassroots nonprofit organizations working to mitigate environmental damage to the world’s oceans. Over 80% of Portfolio Actively Involved in Protecting Ocean Resources.
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01:36
Interest Rate Hike Could Come in 2022, Fed Dot Plot Shows
The Fed didn't touch interest rates or its bond purchases at the September meeting, but Powell hinted that a tapering announcement could be coming in November. "So long as the recovery remains on track a gradual tapering process that concludes around the middle of next year is likely to be appropriate," said Powell. He reiterated that tapering does not mean rates are going anywhere right away, but the Fed's latest dot plot did show that half of policymakers now expect a hike in 2022.
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01:16
Fed Hold Rates Near Zero as Economy Makes Progress
The Fed is holding rates steady near zero and maintaining its asset purchase program, promising to provide advance notice before making any changes. Chair Jay Powell applauded strengthening employment & economic activity, but he didn't give a number to target for maximum employment or offer specifics about tapering timing or what exactly constitutes "substantial further progress."
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01:18
Fed Holds Steady at March Meeting
As expected, the FOMC is leaving rates unchanged and keeping up its asset purchase program of $120 billion each month. When asked if the Fed is thinking about thinking about tapering, Chair Powell said the Fed will be looking for substantial further progress before tapering. During the press conference, Powell acknowledged growth, but cautioned that "the economy is a long way from our goals" and the recovery is “uneven and far from complete."
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01:33
Fed Holds Rates Near Zero
Stocks spiked after dovish guidance and the Fed's decision to maintain aggressive monetary policy for as long as it takes. Despite forecasting 4.5% unemployment by the end of the year upping its GDP forecast to a robust 6.5%, the Central Bank is holding interest rates near zero and maintaining its 120 billion monthly bond buying program.
