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June 6, 2021

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Jobs report shows improvement, but not enough to get Fed talking about tapering

CNBC
CNBC – For more and to sign up click here A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters Hiring improved in May, but 559,000 new jobs aren’t enough to spur the Federal Reserve to begin to talk about tapering back......

Fed’s Mester lauds jobs report but says it’s not enough to change policy

CNBC
CNBC – For more and to sign up click here May’s job gains were “solid” but not enough to change the direction of monetary policy, Cleveland Fed President Loretta Mester told CNBC. “Bottom line, I would like to see further progress than where we are right now,” Mester told CNBC’s......

A key U.S. inflation gauge rose 3.1% year over year, higher than expected

CNBC
CNBC – For more and to sign up click here A key inflation indicator rose 3.1% in April, faster than expected, as price pressures built in the rapidly expanding U.S. economy, the Commerce Department reported Friday. The core personal consumption expenditures index was forecast to increase 2.9%. Federal Reserve officials......

Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases

CNBC Real Estate
Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market and other inflation signs as an indication that the central bank should start slowly pulling back on its asset purchase program. With the Fed still buying at least $120 billion in bonds each month, a total that......

To get in on the hot housing market, you may have to raise your credit score. Here’s how

CNBC Real Estate
People wait to visit a house for sale in Garden City, Nassau County, New York, on Sept. 6, 2020. Xinhua News Agency | Getty Images Mortgage interest rates are near historic lows. Yet if you want to take advantage of those rates, check your credit score first. That three-digit number......

Gold is still ‘relatively cheap’ and could surge back toward its all-time high, strategist says

CNBC
CNBC – For more and to sign up click here A mark of 999.9 fine sits on hallmarked one kilogram gold bullion bars at the Valcambi SA precious metal refinery in Lugano, Switzerland, on April 24, 2018. Stefan Wermuth | Bloomberg | Getty Images Gold is still a “relatively cheap”......

The Fed this summer will take another step in developing a digital currency

CNBC
CNBC – For more and to sign up click here A woman wearing a face mask rides a scooter past the U.S. Federal Reserve in Washington, D.C., the United States, on Jan. 27, 2021. Lie Jie | Xinhua News Agency | Getty Images The Federal Reserve is moving forward in......

April’s inflation surge wasn’t as drastic as it looked, but the real test is still ahead

CNBC
CNBC – For more and to sign up click here A woman wears a face mask while shopping for a baby shower gift during the Covid-19 pandemic, at Madison’s Niche boutique in Huntington, New York on April 21, 2021. Alejandra Villa Loarca | Newsday | Getty Images There is probably......

Stanley Druckenmiller says the Fed is endangering the dollar’s global reserve status

CNBC
CNBC – For more and to sign up click here Federal Reserve policies aimed at keeping markets and the economy afloat during the pandemic could end up threatening the long-term health of the U.S. dollar, investing magnate Stanley Druckenmiller told CNBC on Tuesday. The chairman and CEO of Duquesne Family......

Clarida says the Fed is ‘a long way from our goals’ and tightening policy

CNBC
CNBC – For more and to sign up click here Federal Reserve Vice Chairman Richard Clarida told CNBC on Wednesday that he thinks the central bank should keep its ultra-loose policy in place even as the U.S. economy storms back from its pandemic-era tumble. In a “Closing Bell” interview, Clarida......

To get a low mortgage rate, your credit score matters. Here’s how to boost it

CNBC Real Estate
PeopleImages | E+ | Getty Images If you are in the market for a new house, you may be overlooking one key to your success: your credit score. That three-digit number has a direct impact on your ability to get a mortgage and what interest rate you will pay. Mortgage......

Fed holds interest rates near zero, sees faster growth and higher inflation

CNBC
CNBC – For more and to sign up click here The Federal Reserve on Wednesday declined to let up on its easy-money policy despite an economy that it acknowledged is accelerating. As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at......

The Fed is unlikely to hint at policy changes next week, even with a stronger economy

CNBC
CNBC – For more and to sign up click here Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Federal Reserve officials next week are likely to......

Market bull predicts stocks could surge another 8% by July, but lacks clarity on rest of year

CNBC
CNBC – For more and to sign up click here With stocks at all-time highs, one of Wall Street’s biggest bulls is taking his optimism up a notch. Federated Hermes’ Phil Orlando believes the S&P 500 could hit his year-end price target of 4,500 by July, which implies about an 8%......

Earnings season should boost hot financial stocks, RBC’s top bank analyst predicts

CNBC
CNBC – For more and to sign up click here One of the year’s hottest trades may get a boost from earnings season. RBC Capital Markets’ Gerard Cassidy expects financials to exceed Wall Street expectations when they start reporting this week. “The big beats are likely to come from the......

Fed’s Brainard says the economy is improving but is still ‘far from’ where it needs to be

CNBC
CNBC – For more and to sign up click here Federal Reserve Governor Lael Brainard said Wednesday that while the U.S. economic outlook has “brightened considerably,” it remains well away from the central bank’s goals. “Brighter outlook, but of course our monetary policy forward guidance is premised on outcomes not......

Fed officials expect it will be ‘some time’ before it starts tightening policy, minutes show

CNBC
CNBC – For more and to sign up click here Federal Reserve officials indicated at their last meeting that the pace of asset purchases is unlikely to change anytime soon while the central bank pursues its economic goals. The Federal Open Market Committee on Wednesday released minutes from the March......

China leaps into a central digital bank currency, but similar progress eludes the U.S.

CNBC
CNBC – For more and to sign up click here Beijing city is launching a test of the PBoC’s digital currency during the 2021 Lunar New Year, as shown by a screenshot of a sign-up page on JD’s shopping app. Evelyn Cheng | CNBC China’s leadership in the digital currency......

U.S. Treasury yields edge higher ahead of March jobs report

CNBC
CNBC – For more and to sign up click here U.S. Treasury yields rose slightly on Friday morning, with investors looking ahead to new jobs figures for the month of March. The yield on the benchmark 10-year Treasury note climbed to 1.6806% at around 6 a.m. ET. The yield on......

10-year Treasury yield hits 14-month highs, topping 1.77%

CNBC
CNBC – For more and to sign up click here The U.S. 10-year Treasury yield topped 1.77% on Tuesday, as coronavirus vaccine rollouts and planned infrastructure spending boosted hopes of a broad economic recovery, but added to inflation fears. The yield on the benchmark 10-year Treasury note jumped to 1.772%......

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