The Fed needs to cut interest rates, not raise them, if it wants to tame inflation back to 2%, CIO says

Tech Insider : Economy
Barry Ritholtz
Barry Ritholtz, CIO of Ritholtz Wealth Management, speaks at the Reuters Investment Outlook Summit in New York June 7, 2010.

REUTERS/Brendan McDermid

Markets think falling inflation means rate cuts are around the corner. Here's why that's probably wrong.

Tech Insider : Economy
A cashier rings up food in a checkout line at a Publix grocery store in Miami, Florida.
A cashier rings up food in a checkout line at a Publix grocery store in Miami, Florida.

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Markets think the odds of a Fed rate cut in July are almost 50% after April CPI showed inflation cooling more than expected

Tech Insider : Economy
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill in Washington, Tuesday, March 7, 2023.

AP Photo/Andrew Harnik

Here's why investors are far too optimistic that the Fed is going to cut interest rates soon

Tech Insider : Economy
A man walks past a
A man walks past a "Now Hiring" sign in New York City on July 8, 2022

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Stocks are set for more volatility as the 'unlucky 13' months of strong job growth complicates the Fed's mission to cool the economy

Tech Insider : Economy
now hiring sign with person in front of it

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Bitcoin could more than double and hit a new record high next year as the token sees a big shakeup, blockchain exec says

Tech Insider : Crypto
Bitcoin.
Bitcoin.

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Mohamed El-Erian slams Powell's suggestion that the bank turmoil is over – says it could be added to a list of Fed communications that eroded its credibility.

Tech Insider
Mohamed el-erian
Mohamed El-Erian.

Photo by Rob Kim/Getty Images

Elite investors and fund managers at the legendary Milken conference warn of a recession and credit crunch

Tech Insider

Happy Friday eve, readers. Phil Rosen here. Surprising no one, the Fed raised interest rates by 25 basis points yesterday. 

That puts the Fed Funds Rate above 5% for the first time since 2007. Remember, the higher that goes, the more expensive it becomes for consumers and businesses to borrow.

The Fed's nod to the end of its rate hiking cycle could mean 'last call' for savers

Tech Insider : Economy
Holding wallet with cash

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The Federal Reserve just hiked interest rates for the 10th time in a row. It could be the last.

Tech Insider : Economy, Politics
Jerome Powell at the July 2022 FOMC press conference.
U.S. Federal Reserve Chair Jerome Powell.

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