So Jeffrey, you you so rightly told me last time that you were looking for a steeper yield curve. Um, and it's exactly what what we've gotten as you alluded to that. Why do you think rates have backed up on the long end the way that they have >> people are worried about the interest expense on the Treasury debt and they're worried about the fact that the budget deficit is 6.2% 2% of GDP while we're in an extended economic expansion.So they're worried that the interest expense is going to be out of control b ...

Inflation has eased significantly from its highs in mid 2022, but remains somewhat elevated relative to our 2% longerrun goal. Very little data on inflation have been released since our meeting in October. Total PCE prices rose 2.8% over the 12 months ending in September. And excluding the volatile food and energy categories, core PCE prices also rose 2.8%.These readings are higher than earlier in the year as inflation for goods has picked up, reflecting the effects of tariffs. In contrast, disinflation app ...

[music] We shoot fast money at the [music] NASDAQ here every single day, but today we're going to take a walk across the street to our neighbors at One Time Square where they [music] dropped the New Year's Eve ball. Let's take a walk. [music] Our [music] friends at One Time Square unveiling a brand new ball.They're calling it the constellation ball. Twice as many crystals as last year. 5,280 Waterford crystals, 12,300 [music] lb.Check this out. [music] Central Park, Broadway, [music] 7th Avenue, Time Square ...

But I do have to ask you about Ben & Jerry's because it's been a bit of a basket case on the leadership front and with this with this whole independent board and its social activism. What are you going to do with all that. >> No, Ben and Jerry's great.We grew the business six time. It's now really profitable. When >> the founder says that if it remains part of your company, it will fail.>> Ben and Jerry are run by a totally capable management team who can run a progressive social mission. Ben wants the busi ...

Fed Policy Stance - The market interprets the Fed's recent actions as a dovish meeting rather than a hawkish cut, despite the rate cut [1][2][7][10] - The Fed is perceived to be more focused on employment risks, specifically the potential rise in unemployment, than on inflationary pressures [6] - The Fed seems to downplay inflationary risks, suggesting good progress on inflation, if not for tariffs [3][4][5] Quantitative Easing (QE) and Tightening (QT) - The Fed has unexpectedly ramped up QE by $40 billion, after a period of QT, raising hopes for further QE if needed [7] Interest Rate Dynamics - Despite the Fed dropping rates by 175 basis points since September, the 2-year Treasury rate remains unchanged [6] - The Fed funds rate is now in line with the 2-year Treasury yield [5][6] - Long-term interest rates, such as the 30-year Treasury, have risen by approximately 75 basis points since the Fed started cutting rates [8][9] - The 2s30s Treasury curve has steepened to around 123-124 basis points, approaching the year's high of 130 basis points [10] Economic Assessment - The Fed estimates that monthly jobs gains are overstated by approximately 60,000, suggesting a potentially weaker labor market than reported [2] - The market believes that cutting interest rates is not helpful for long-term interest rates [9] - Cutting rates by 175 basis points has not helped the housing market [8]

We are up to the challenge. We very much embrace the concepts that are outlined in acquisition reform. We have been working to create projects that are focused specifically on taking a concept getting it through a diva design and development phase into production and speed and affordability are our key premises along with technical capability.And it's that kind of focus within our company that is directly responsive to the objectives of acquisition reform. >> So what are some examples of that. We just this ...

All right. So, one minute you find Jensen Wong wandering around down there and you've got the microphone in his face and today somebody equally as interesting. >> Apple's Tim Cook.He was on the Hill today. Uh we did ask him a couple questions. Now, we did not hear directly uh from Tim Cook himself.Decided to be a bit of a man of mystery today, but we did know that he has met with lawmakers about a package of bills that are going to get their initial votes in a congressional panel tomorrow. And these deal wi ...

After today, you only have three more meetings at the helm of the Fed since becoming Fed Chair. You've seen multiple [clears throat] trade wars, the pandemic, COVID reopening, period of high inflation. I know your term's not up as chair until May, but I'm wondering if you've given any thought to what you want your legacy to be.>> My legacy. I my [clears throat] thought is that um I really want to turn this job over to whoever replaces me in with the economy in really good shape. That's what I want to do.I w ...

This is Richard Ramston. He basically runs this conference. Uh it's been going on for 36 years.I know there's record attendance. Uh and you had that conversation yesterday with Maryanne Lake, the CEO of Consumer Community Banking, which saw JP Morgan's stock drop as a result of the surprising guidance she gave on expenses. Um she of course said the biggest drivers were kind of growth related.Activity levels were higher. They were making strategic investments. What signal was the market sending here in its r ...

I wanted to ask you about how the higher inome households are really [clears throat] driving spending right now. They're backed by home equity and stock market wealth, but lower-income consumers are really struggling with the accumulation of 5 years now of rising prices. It's price levels, not really the inflation rate holding some of these families back.How sustainable is this so-called K-shaped economy and and what are the Fed's thoughts on whether that's a risk going forward. So we do um through our vast ...