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Wall Street rebounded, the dollar slipped and gold gained 1.07% to US$4,156, even after US producer prices rose 1.3%. Friday's data and Brazil's real in focus. The post Dow Gains 1.08% as Dollar and US Yields Ease | Global Economy, Oct 16 appeared first on The Rio Times.
Gene Tannuzzo, global head of fixed income at Columbia Threadneedle Investments, and Subadra Rajappa, head of research at Société Générale Americas, join Scarlet Fu on "Bloomberg Real Yield." US producer prices rose in September at the fastest pace in more than four years as higher energy costs reverberated through the US economy. (Source: Bloomberg)
Robert Sockin, chief US economist at PGIM, says the US economy needs two more rate hikes at a minimum and that “the broader direction is up” for interest rates even if the Federal Reserve does not move at this month’s meeting. (Source: Bloomberg)
More and more of the US economy is riding on the same trade.
Robert Reich, former US secretary of labor and UC Berkeley public policy emeritus professor, says what worries him most about the US economy is stagflation. He talks about kitchen table economics heading into the election on "Bloomberg The Close." (Source: Bloomberg)
Federal Reserve Bank of Minneapolis President Neel Kashkari sees the US economy growing and is surprised by its resilience “in the face of tariffs and the conflict in Iran." He says on “Bloomberg Surveillance” that the central bank “will do what we need to do to get inflation back down to our target.” (Source: Bloomberg)
Key economic reports due this week are expected to add further evidence that the US economy is strengthening, bolstering arguments from several Federal Reserve officials that interest rates should be higher.
Nomura North Asia CIO Julia Wang believes the US economy remains resilient enough to absorb additional rate hikes without tipping into a recession. She cites strong consumer spending, ongoing AI capital expenditure, and loose fiscal policy as key drivers supporting growth. (Source: Bloomberg)
Yields on the US’s longest-dated bonds climbed to the highest level in more than two decades, the latest milestone in a global selloff driven by inflation fears and concern about government debt burdens. Bloomberg Intelligence's Ira Jersey joins to discuss. (Source: Bloomberg)
Federal Reserve Bank of Cleveland President Beth Hammack said there is the risk that an inflationary mindset takes hold as the US economy faces a series of supply shocks. Hammack warned that “when the environment is more prone to shocks, or the shocks arrive one after another in a period when inflation has been elevated for years, there’s a greater risk that an inflationary mindset could take hold.” She spoke Thursday at a conference hosted by the Cleveland Fed. (Source: Bloomberg)
Global bonds were selling off again as traders ramped up bets on further Fed rate hikes after strong US economic data and weak demand at a Treasury auction pushed yields to multi-decade highs. Sree Kochugovindan, Senior Research Economist at Aberdeen Investments spoke to Bloomberg’s Jennifer Zabasajja on Horizons Middle East & Africa on the US growth. (Source: Bloomberg)
High energy costs at the pump and strategic setback for US in the Iran war will likely cost Trump in the midterms.