Beware of Outdated Economic Models
Over the last six or seven decades, the economic effect of higher interest rates has dramatically changed, and many economic models may no longer apply. CME Group Chief Economist Blu Putnam compares older processes to more modern ones. Take advantage of premium derivatives content, tools, and alerts. Create a CME Group account
For Farmers, An Uncertain Crop Season Awaits
According to the USDA Prospective Plantings report, U.S. farmers are set to plant more acres in 2023 than a year ago, as crop prices and input costs remain high. Scott Irwin of the University of Illinois, Dan Basse of AgResource, and Kent Stutzman of Advance Trading discuss the effect of interest rates, input costs, and Brazilian crop production on U.S. farmers. Take advantage of premium derivatives content, tools, and alerts. Create a CME Group account
Worst of Banking Crisis is Over
Crossmark Global Investments CIO, Bob Doll, believes that the worst of the banking crisis may be over, but there are still issues related to the Federal Reserve's raising of interest rates that may lead to consequences such as a slowing economy. However, he also finds the recent increase in both financials and energy stocks to be encouraging.
St. Louis Federal Reserve President Vows Not To Repeat 70’s
They Say history repeats itself, but James Bullard, President of the Federal Reserve Bank of St. Louis said the Federal Reserve is determined not to let that happen. Or at least they want to avoid the inflation and volatility the US experienced in the 70’s.
Fed Watch: Markets Diverge From Fed Signaling
The Fed raised rates 25bps after the first FOMC of the year, which markets were expecting, but CME Group Fed Futures data shows that markets are breaking from the Fed’s forecasting for the rest of year.
Market Reacts To First Fed Day Of 2023
The fed announced a 25bps rate hike after its first FOMC meeting of 2023, bringing the new benchmark rate range to 4.50% and 4.75%, the highest level since October 2007. Peter Tuchman, aka “the Einstein of Wall Street” aka “the most photographed man on Wall Street”, shares his thoughts on how the news was received on the Floor.
Earnings, Outperforming Global Equities, and Employment
Michael Reinking, CFA, Sr. Market Strategist, for the New York Stock Exchange**, discusses Q1 2023 earnings, U.S. equity performance compared to global equities, and what the latest in employment news will mean for the Fed.
Tight or Loose, Where Does Monetary Policy Stand?
Can central banks bring inflation down without putting real rates into positive territory? The answer: it’s complicated. Insights by CME Group Senior Economist, Erik Norland. Take advantage of premium derivatives content, tools and alerts. Create a CME Group account
Why the Fed is Not Pivoting, Just Yet
Since March 2022, the Fed has raised rates by 300 basis points, one of the fastest paces in history. Why a rate slowdown is not the same as a Fed pivot. Insights by Jim Iuorio with TJM Institutional Services. Take advantage of premium derivatives content, tools and alerts. Create a CME Group account
Macro Markets Podcast Episode 22: Investors' Guide to the Fed’s Hard Landing
Brian Smedley, Chief Economist and Head of the Macroeconomic and Investment Research Group, discusses the Fed’s third straight 75 basis point hike and its meaning for the economy and investors.
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.
The ETF Show - Strategies for Hedging Inflation
Nick Elward, ETF head of strategy at Natixis, shares the top concerns he is hearing from investors and why concentrated equity strategies are in such high demand. Nick Cherney, Head of Exchange Traded Products at Janus Henderson Investors, also discusses CLOs and other assets in demand for fighting inflation.