#Kashkari

[eurekadiario]

Kashkari de la Fed advierte que los problemas bancarios no se han terminado

El presidente del Banco de la Reserva Federal de Mineápolis, Neel Kashkari, advirtió que aunque pueda parecer que lo peor de las tensiones del sector bancario ha pasado, la historia demuestra que no se pueden descartar más problemas.

"Es demasiado pronto para decir que todo ha quedado atrás" y sostener que las acciones de la Fed, el Tesoro y otros reguladores han detenido la oleada de problemas bancarios que estalló en marzo, dijo Kashkari el lunes en una entrevista con Reuters.

Ese sentido de la cautela está impulsado por su experiencia como funcionario del Gobierno involucrado en ayudar a resolver la crisis financiera de hace más de una década.

Kashkari, que se convirtió en líder de la Fed de Mineápolis en 2016, sirvió en el Departamento del Tesoro de Estados Unidos entre 2006 y 2009, y en 2008 dirigió el Programa de Alivio de Activos en Problemas, que utilizó dinero del gobierno para ayudar a estabilizar el sistema bancario.

El año en que se hizo cargo de ese programa fue la fase más aguda de la crisis, que culminó con la quiebra del banco de inversión Lehman Brothers en septiembre de 2008. En el camino hacia ese momento de crisis hubo momentos que hicieron creer a los observadores que lo peor ya había pasado.

"Lo que ocurrió en 2008 se me quedó grabado", dijo Kashkari, quien recordó que el banco de inversión Bear Stearns se derrumbó en marzo de ese año, y apuntó: "Pasaron un par de meses y pensamos que eso era lo peor. Y luego, obviamente, las cosas empeoraron mucho a partir de ahí".

El sistema financiero mundial se vio sacudido en marzo por la quiebra de dos bancos en California, lo que planteó dudas sobre cómo los bancos, especialmente los regionales, estaban siguiendo la agresiva senda de alzas de tipos del banco central iniciada en marzo de 2022.

Los problemas bancarios llevaron a la Fed a inyectar cantidades sustanciales de liquidez en el sistema financiero y, aunque los préstamos han retrocedido desde marzo, el banco central seguía concediendo algo más de 300.000 millones de dólares en préstamos el jueves, una cifra que empequeñece lo que prestó directamente a los bancos en 2008, durante la peor fase de la crisis financiera.

"Los bancos y el sistema bancario son fuertes y resistentes y están bien posicionados para lidiar con los desafíos que puedan enfrentar, ahora o en el futuro", dijo el viernes el presidente de la Fed, Jerome Powell.

Pero para Kashkari, es demasiado pronto para decir que los bancos están fuera de peligro.

Aún así, elogió la respuesta de la Fed a los problemas: "Creo que en gran medida acertamos, en términos de ser capaces de hacer frente a las pérdidas a precio de mercado que (los bancos) estaban enfrentando".

Fuente: http://www.reuters.com/

[notayesmanseconomics]

Where next for interest rates as Switzerland and Norway place their votes?

The interest-rate story in 2024 appeared to be clear cut as we entered the year fired up by hints from the Federal Reserve Chair Jerome Powell. At that point bond markets surged and would have expected one and maybe two cuts by now. Whereas we were told this over the weekend on Face the Nation. Bank of America’s prediction that the Fed will cut interest rates this year, but not until December, is…

[darkeagleruins]

President of the Federal Reserve Bank of Minneapolis, Neel Kashkari:

"CBDC doesn't solve any actual problems, other than enabling central bankers to monitor all transactions, and deduct taxes directly from people's accounts"

[habercafe]

Neel Kashkari'nin Faiz İndirimine Dair Açıklamaları

Minneapolis Fed Başkanı Neel Kashkari’nin Açıklamaları Minneapolis Fed Başkanı Neel Kashkari, Federal Rezerv’in geçen hafta gerçekleştirdiği 50 baz puanlık önemli faiz indirimine olan desteğini detaylandırdığı bir yazı kaleme aldı. Kashkari, bu yıl içinde faiz oranlarında bir yarım puanlık daha indirim yapılmasını desteklediğini ifade etti. Pazartesi günü bankanın resmi internet sitesinde…

[neuzboyx24net0]

Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead

Minneapolis Federal Reserve President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate cuts after last week’s half percentage point reduction. “I think after 50 basis points, we’re still in a net tight position,” Kashkari said in a CNBC “Squawk Box” interview. “So I was comfortable taking a larger first step, and then as we go forward, I expect, on…

[jackkammertime-blog]

Fed Gov Waller "Inflation on lower Path than we Expected..."

https://MortgageNews.Blog

I never thought I’d hear these words. Here’s the exact quote: “Inflation is on a lower path than we were potentially expecting. I think inflation is on the right path, as log as we don’t let it get too low”. Even Fed Pres Minneapolis Neel Kashkari said even after the 50bp cut the Fed is still restrictive. He wants another 50bp by end of the year. What’s coming up this week. Tuesday – Cash…

[leprivatebanker]

Fed's Kashkari says 50-basis-point rate cut was 'right decision'

[patronlar]

Kashkari, yarım puanlık indirim müjdesiyle alışveriş keyfini artırıyor! Ekonomik fırsatları kaçırmamak için hemen okuyun, indirimli alışverişin avantajlarından yararlanın ve bütçenizi koruyun!

[poipoipoi-2016]

Haha Neel Kashkari successfully got his recession!

The Sahm Rule has been triggered and the American economy is collapsing. Boom!

[samdrews]

Dr. Natalie Smolenski, a Senior Fellow at the Bitcoin Policy Institute (BPI), urged the International Monetary Fund (IMF) to adopt Bitcoin instead of Central Bank Digital Currencies (CBDCs). During the IMF’s virtual seminar “The Fight for the Future of Money” on January 20, 2023, Dr. Smolenski discussed the advantages and disadvantages of CBDCs, alongside former CFTC Chairman J. Chris Giancarlo and the IMF’s Tommaso Mancini-Griffoli.

Dr. Smolenski included a quote from Neel Kashkari, President of the Minnesota Federal Reserve, in her presentation: "I keep asking anybody—anybody at the Fed, or outside the Fed—to explain to me what problem this [CBDC] is solving." She argued that CBDCs lack innovative benefits, as real-time settlement is already possible through FedNow and the Bitcoin Lightning Network.

She highlighted that CBDCs would enable the state to capture additional tax revenue through cash replacement and ID verification. However, she pointed out that CBDCs do not address financial inclusion and wealth redistribution issues, noting that the main barriers to banking system inclusion are AML/KYC requirements and low income, which Bitcoin does not impose.

Dr. Smolenski also raised concerns that CBDCs would lead to full surveillance, individually-targeted monetary policy, and revenue capture from the informal economy. According to her, these design requirements make CBDCs less favorable compared to Bitcoin.

[centfx]

Centfx

The USD/CAD strengthens to about 1.3700 as the Fed postpones the anticipated rate decrease date.

The USD/CAD pair ends its six-day losing run on Monday during the Asian session, trading at roughly 1.3700. A stronger-than-expected US Purchasing Managers Index (PMI) on Friday supported the USD/CAD pair by strengthening the US dollar (USD). The US Composite PMI increased to 54.6 in June from 54.5 in May, exceeding forecasts. Since April 2022, this statistic represents the greatest level. The Manufacturing PMI surpassed the 51.0 prediction, rising to a value of 51.7 from a 51.3 reading. In a similar vein, the Services PMI exceeded the consensus expectation of 53.7, rising to 55.1 from 54.8 in May. By comparing the value of the US Dollar (USD) to six major currencies, the US Dollar Index (DXY) .The US dollar index, which compares the value of the US dollar (USD) to six major currencies, is slightly higher now that Federal Reserve (Fed) officials have postponed the first interest rate cut of the year. According to Reuters, Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, stated on Thursday that getting inflation back to 2% would likely take a year or two. Investors are pricing in roughly 65.9% odds of a Fed rate drop in September, down from 70.2% a week earlier, according to the CME FedWatch Tool.

centfx #forexgroup #forexgold #ForexHelp #forexhelptrading #forexchallenge

[williammason1]

William Mason: Analysis of Central Bank Policy Directions and Stock Market Investment Opportunities

Recently, global market dynamics have been highly complex, with events ranging from the upcoming new features of Apple, the lawsuit of the FTC against Adobe, to the monetary policy directions of various central banks. These intertwined events have had a wide-ranging impact on the stock market. William Mason believes that investors must closely monitor market dynamics and adjust their investment strategies accordingly.

Market Dynamics Analysis

Apple plans to gradually introduce its new smart features by 2025, which has positively impacted tech stocks. William Mason notes that the new features of Apple could drive growth in the related industry chain and boost market confidence in tech stocks. On the other hand, the US Federal Trade Commission (FTC) has filed a lawsuit against Adobe over subscription disclosure issues, putting pressure on the stock price of Adobe and reminding investors to be mindful of compliance risks in tech companies.

In the gaming industry, the stock price of GameStop fell after failing to set a strategy at the meeting of its annual shareholders. William Mason points out that this reflects investor concerns about the future of the company, especially in the absence of a clear strategy. In contrast, Life360 garnered attention and ratings from multiple brokers following its Nasdaq debut, providing support for its stock price.

Regarding central bank policies, Kashkari of Minneapolis Fed mentioned that the Fed could wait and observe data before cutting rates, potentially by the end of the year. European Central Bank President Lane expressed confidence in the inflation target, and it is expected that the Reserve Bank of Australia will keep the cash rate unchanged at 4.35%. William Mason believes that the direction of monetary policies from major central banks will significantly impact the global economy and markets, and investors need to closely monitor these developments.

Market Impact of Stock Rating Adjustments

Recently, Morgan Stanley downgraded the rating of BigTinCan from Overweight to Equal Weight, reducing the target price from $0.35 to $0.10, putting pressure on its stock price. Conversely, JPMorgan upgraded the rating of Integral Diagnostics from Neutral to Overweight, raising the target price from $2.40 to $2.80, reflecting market confidence in its future performance.

Additionally, Life360 received initial ratings from several brokers: Evercore ISI gave an Outperform rating with a target price of $37, Canaccord initiated with a Buy rating and a target price of $40, and UBS gave a Neutral initial rating with a target price of $32. These ratings reflect the high attention and optimistic expectations of the market for Life360. The rating of Newmont was upgraded from Neutral to Buy, with the target price increased from $40 to $50, showing investor confidence in its future development.

Investment Recommendations and Strategies

Based on the above analysis, William Mason offers the following investment advice:

Focus on Growth Opportunities in Tech Stocks: the upcoming new features of Apple and the market performance of Life360 indicate that tech stocks still have significant investment potential. Investors should focus on tech companies with innovation capabilities and promising market prospects.

Pay Attention to Compliance Risks: The lawsuit of the FTC against Adobe reminds investors to be mindful of compliance risks in tech companies. When investing in tech stocks, emphasis should be placed on the compliance management and risk control of the company.

Closely Monitor Central Bank Policy Directions: The monetary policies of major central banks will have a significant impact on the market. Investors should pay attention to relevant policy trends and adjust their investment strategies accordingly, especially regarding interest rate changes and inflation expectations.

Seize Opportunities from Stock Rating Adjustments: Stock rating adjustments often reflect market expectations for the future development of a company. Investors should pay attention to stocks with upgraded ratings, assess their investment potential, and adjust their portfolios timely.

By following these recommendations, investors can better navigate the complexities of the current global market and optimize their investment strategies for improved outcomes.

[leprivatebanker]

Fed's Kashkari says 50 bps rate cut was 'right decision'

[thegreatmikehawes]

Will Fed Cut Interest Rate in December? Kashkari Hints at Policy Shift - Norada Real Estate Investments

http://dlvr.it/T8RwP1

[coinatory]

Upcoming economic events 28 May 2024

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:302 pointsRetail Sales (MoM) (Apr)0.3%-0.4%04:552 pointsFOMC Member Bowman Speaks------------------04:552 pointsFOMC Member Mester Speaks------------------04:552 pointsECB's Schnabel Speaks------------------05:002 pointsBoJ Core CPI (YoY)2.2%2.2%10:002 pointsEurogroup Meetings------------------13:002 pointsS&P/CS HPI Composite - 20 n.s.a. (YoY) (Mar)7.3%7.3%13:002 pointsS&P/CS HPI Composite - 20 n.s.a. (MoM) (Mar)---------0.9%13:552 pointsFOMC Member Kashkari Speaks  ------------------14:003 pointsCB Consumer Confidence (May)96.197.015:302 points2-Year Note Auction---------4.898%17:002 points5-Year Note Auction---------4.659%

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