Skip! Fed Speak’s Latest Buzzword 6/01/23

Skip! Fed Speak’s Latest Buzzword 6/01/23

  • Af
  • Episode
    • 1035
  • Published
    • 1. jun. 2023
  • Forlag
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Episode
1035 of 1878
Længde
31M
Sprog
Engelsk
Format
Kategori
Økonomi & Business

The Federal Reserve’s buzzword of the week: “skip.” Fed officials have signaled a plan to hold steady on interest rates in June, but urging the public that the decision would not signify an end to the tightening cycle. SMBC Nikko Securities America Chief Economist Joe Lavorgna offers his own extrapolation of the news, as well as what it may mean for Wall Street. In Washington, the President Biden-Speaker McCarthy debt ceiling deal is headed for the Senate. Plus, CNBC’s Steve Kovach has the details from the newest product launches at Meta and Apple, Elon Musk is the world’s richest person (again), and investors are asking, is AI a bubble? Tastytrade’s Tom Sosnoff considers the question and whether the industry could revitalize a sleepy IPO market.

In this episode:

Joe Kernen, @JoeSquawk Kelly Evans, @KellyCNBC

Steve Kovach, @stevekovach

Katie Kramer, @Kramer_Katie

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