U.S. economy at risk of seeing higher rates, warns NewEdge's Ben Emons
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- čas přidán 8. 06. 2024
- Ben Emons, NewEdge Research, joins 'Fast Money' to talk the state of the U.S economy and why we shouldn't hold our breath for a rate cut anytime soon.
Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.
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Finding financial advisors like ‘Colleen Rose Mccaffery’’ who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
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Funny how markets celebrate higher unemployment. The American economy is broken
Labor market softening IS the goal right now. Unemployment is at historic low levels, and it's driving consumer confidence and spend no matter the cost of goods. The market celebrates unemployment rising because it's the only tool to fight out of control inflation.
People in LA entertainment community know VERY well how soft this job market is.
@@jafrasar1 people actually creating value are still in demand
@@U23721 BS if they didn't rescue the stockmarket everytime it dropped 5% inflation wouldn't be out of control
@@U23721 It's literally not the only way to fight inflation.
If the rate in Japan goes up the USA has to keep rate higher. I must be stupid because I have no idea what he talking about.
If Powell had any balls the fed would do another .25 basis raise if not .50.
He is in hot kitchen .. He will be grilled by politicians if he raise the rate again
@@hlleungpoliticians seem to think the market reflects the economy, and the market has seem to forgotten the economy affects it.
He raise rates faster than ever. Unemployment is moving up, and inflation is coming down. What more do you want?
Saudi Arabia is set to open its first liquor store in more than 70 years.
But restrictions remain: Riyadh will only allow non-Muslim diplomats to purchase alcohol, requiring them to register beforehand and obtain government clearance. The store will prohibit entry to individuals under 21, and “proper attire is required” at all times. Additionally, patrons cannot send proxies, such as drivers, and monthly limits on purchases will be enforced.
Customers will be limited to 240 “points” of alcohol per month. One litre of spirits will be worth six points, three for wine, and one for beer. There is also no indication that the buyers will be expanded to include “ordinary” foreigners in the kingdom without diplomatic privileges, who are currently denied access to alcohol
Higher rates won't curb the real cause of inflation. We're going to keep paying rent and buying groceries for as long as we can, and the food distributors and landlords will keep raising prices for as long as they can (already starting to cool down at the grocery store, though). Whether you want to call it greedflation or price gouging or late-stage-capitalism doesn't matter.
why would fed hike rates if unemployment is going up. makes no sense
because its not enough, janet yellen kept pumping money from the treasury now the fed has to correct. Unemployment needs to go higher to slow down demand. The fed only has interest rates as a tool to tame inflation.
@@Gadgettime Serious question: Other than deciding whether to issue bills or bonds, what role does Yellen play in this? Congress/POTUS are spending the money. Has she pulled us much ahead on issuance above/beyond what the USG is spending?
Good, we need higher rates for the next 10 years or more
yeah we need a great depression for at least 20 years
Or a decentral bank so we don’t have to deal with corruptible decision makers
@illegalsmirf too late for most 🤓 🖕
The obsession of CNBC and Bloomberg TV on when cuts will occur has turned into a circus! Rates will go higher by years end.
I completely agree with you. I think the FED will have to raise rates. I also wonder how much inflation will be created by these recent multiple tornado' destruction of properties.
i had the same thought, they have more discussion about FED, then the actual companies, and businesses.
Or not.
Lot of Japanese hedge funds and corporations borrow from Japan at 0% send the money to the US/EU and profit with almost no risk. If Japan hikes rates to a reasonable level, these bets might unwind but to what extent?
The question is will the Fed tolerate higher inflation or higher unemployment they wanted so badly.
Is the upcoming CPI report expected to improve from last month?
I don't see how it can with us still spending money on wars and illegals. Not only that, but bidens zero emission home law went into effect which will add another 50k to 100k onto new home builds. They are killing the dollar and pricing everyone out of owning anything. Majority of America is tapped on money, so id expect some type of crash. We will continue to see rates rise.
Interesting point. Let us see whether higher BOJ rates will unwind the yen carry trade. It is hard to believe that BOJ will hike too much as their debt is 259% of the their GDP. Looks hard but IF Japan hikes a lot and the yen carry trade starts unwind, the whole world will be in trouble.
Based on the official retirement age, I have another 20 years left to retire. What will happen to my 401K? I'm really worrying about it.
These recent tornado events and destruction of property, I would think ; will keep inflation elevated. Any thoughts??
It depends if they rebuild right away. Giving people money is not inflationary in the initial. It's if they purchase items to rebuild or just move in with family
Listen the rates need to go through the ceiling to break the back of inflation and stop sending my tax dollars overseas when we cannt afford nothing in the us
From Donald Trump to Leprechaun…..stop messing around my guy!
The rates will stay same. We. have people not afraid if late on payments that keeps prices high add in buy now pay later inflation numbers high,
Dehydration in Bahrain 🇧🇭 beach clubs ⛱️ Asians 🌏 are going to rule the world .
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I would be retiring or working less in 5 years, and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet..
predicting short-term market movements is extremely difficult in reality. It also essentially requires the investor to be right twice: they must perfectly time both their entrance to and exit from the market..
What I think everyone need is a Financial Adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit.!
Not sure rate cut would suffice, even if Japan made a big samuri sword to cut rates...more guidance is needed or maybe patience to negate inflation has actually if researched via houseing market was 3+yrs behind needed inflation been delayed for years due to presidential elections...
Fed is tapering QT..very politcal move IMO.
Giant meteor 2024
We are wining too hard 👍🏼🇺🇸📈
Exactly they noticed it’s so many more millionaires the 1% were starting to loose leverage so they created this mess
what are you people covering up with gentrification, easy jobs that start at managerial wages, and mix class areas. like this job is my class???
We need you now Mr. Trump
This is a joke. What Japan does or doesn’t do has no impact on the Fed. If you strip out shelter, which is a lagging indicator, inflation is already sub 2%. Expect cuts soon.
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The comments section is full of bots
Another great depression incoming. With loss of jobs and hours cur
Opinions are like rear ends, everyone has one, including all these comments. In my "opinion" everything will go well.
Another talking head who’s been constantly wrong . What do they get paid for ?
Entertainment industry really falling off. Lots of people unemployed for more than 1year, as entertainment industry tries to become profitable.
another expert who notes the govt is spending.. we can spend if we had the money.. but the money is borrowed....
The key to knowing the state of the economy. Question: Can I afford in the Biden administration what I could afford in the last administration? And the answer is: NO, you cannot. Question: Is the 125% price increase of everything I need to buy and pay equal to the 9% salary increase I got; the answer is: NO, it is not. Question Analysis: Is the Biden administration taking money from doctors, school principals, Engineers, factory workers and transferring that money to the Billionaires “by ways of price increase”. The answer is YES.