The latest CNBC Fed survey is out and Steve Leeman has the highlights on that. Steve, good morning. >> Hey, good morning, Becky. Respondents to the CNBC Fed survey showing or expecting a hawkish cut, that is a cut followed by a pause, but also showing deep divisions over whether the Fed should cut it all, likely reflecting the same split on the committee. Uh, take a look. 87% think the Fed will cut this week, but only 45% think the Fed should cut. That's a kind of historic uh uh differential there for our s ...

Fed Rate Cut Expectations & Opinions - 87% of respondents expect the Fed to cut rates this week, but only 45% believe the Fed should cut rates, showing a significant difference in opinion [1] - The median expectation is for two dissents regarding the rate cut [1] - Only 35% expect a rate cut by January [1] - Wells Fargo Investment Institute believes the Fed will cut rates in December, even if it's not the most rational decision [1] - Some respondents suggest the Fed needs to cut rates due to potential weakness in the job market [1] - Alan Sinai of Decision Economics suggests a preemptive 50 basis point cut is appropriate due to widespread weakening of the labor market [1] Economic Risks - Continued high inflation is seen as the biggest risk to the economy [1] - Concerns include the potential bursting of the AI bubble, Fed independence, the fiscal deficit, and administrative policy uncertainty [1] Economic Outlook - The growth outlook is ticking up, running at 2% this year and higher next year [1] - Inflation is forecast to remain above the 2% target [1] - KPMG suggests the likely stimulus from record tax refunds in the first half of 2026 is being underappreciated, potentially understating the risk of persistent inflation [1] - The unemployment rate is expected to rise only slightly next year and decline a bit in 2027, indicating a relatively stable job market [1] Labor Market Assessment - The belief is that upcoming data will reveal a weaker labor market, outweighing concerns about higher inflation [2]

TO SHOW A WEAK LABOR MARKET MORE THAN THE RISK THAT IT'S GOING TO SHOW HIGHER INFLATION. BECKY. >> STEVE, THANK YOU VERY MUCH.LOTS TO TALK ABOUT HERE. FOR MORE ON THIS, WE WANT TO BRING IN FORMER CLEVELAND FED PRESIDENT LORETTA MESTER. SHE'S A SENIOR SCHOLAR AT PRINCETON.SHE'S AN ADJUNCT PROFESSOR AT UPENN'S WHARTON SCHOOL AND A CNBC CONTRIBUTOR. AND LORETTA, LET'S TALK ABOUT WHAT STEVE WAS JUST LAYING OUT IN HIS SURVEY. 87% SAID THEY WILL CUT, 45% SAID THEY SHOULD.WHERE DO YOU COME DOWN ON BOTH OF THOSE QU ...

Inflation Concerns - Global inflation concerns are being highlighted by various central banks, including the ECB, Japan, and the RBA, indicating a widespread issue [1] - There is a growing concern about inflation in the US, particularly as the market anticipates a hiking cycle following the current cutting cycle [3][4] Market Behavior - The market typically begins to price in a hiking cycle before the end of the cutting cycle, reflecting normal market behavior [2] - Higher yields are expected as inflationary pressures build, especially in the US, leading to potential upward pressure on yields [5][4] Federal Reserve Insights - The upcoming FOMC meeting is anticipated to provide insights into the Fed's stance, with expectations of dissent among members, indicating a range of views on economic conditions [6][7] - The presence of dissent at the Fed is seen as a positive signal for its independence, suggesting increased volatility in monetary policy decisions [10][11] Volatility and Market Reactions - The market's reaction to Fed meetings has shown that initial dovish sentiments can shift to a more hawkish outlook as the meeting progresses, impacting the dollar's value [8] - Increased dissent among Fed members may lead to greater market volatility as individual views on economic data come into play [11][10]

Kenya’s central bank cut its benchmark interest rate to the lowest level in almost three years after inflation unexpectedly slowed last month https://t.co/JewiQHaoHH ...

Whether you love or hate how the second Donald Trump Administration has handled the economy, it has certainly made changes. And it shows no signs of slowing that pace of change. Trending Now: When Trump Says He Has ‘Solved’ Inflation, This Is What It Means for You Find Out: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too So what changes do economists say the president should enact in 2026? Plus, take a look at how these household bills have changed since Trump took office ...

Kiyosaki isn’t a stranger to making bold claims about a possible economic collapse — he’s done it many times before. Here’s a review of some of the claims in his X post to try to verify their accuracy and how hyperinflation affects your money.Kiyosaki believes everything in the economy will become more expensive, from interest rates for borrowing money to basic necessities. His reasoning is likely that, with the Fed printing money, this could devalue the American currency and lead to higher inflation . It’s ...

Consumer Trends - Higher-income consumers are shopping more frequently at Walmart, a trend observed for some time [2] - Lower-income consumers are facing pressure due to years of price inflation, although recent low single-digit inflation and lower gas prices offer some relief [2][3] - Walmart U S has over 7,000 rollbacks in place to keep prices down [4] Inflation and Pricing Strategies - In-store inflation at Walmart is 1.3%, compared to a national average of nearly 3% [3] - Grocery store inflation has been 25% over the last 5 years [3] - Walmart is actively managing costs by improving quality, changing country of origin, and moving factories to maintain lower prices [4] Business Performance and Strategy - Walmart's margins are tight, around 4% [5] - The company is approaching $1 trillion in retail sales [5] - The business model is evolving with income from membership and advertising, changing the composition of the income statement [6] Leadership Transition - Doug is leaving his leadership role at Walmart to pursue a combination of business and philanthropic endeavors [1][7][9]

Doug, we we know you have to go. You're ringing the bell and you've got some things you have to do upstairs. Um, but very quickly, can you just give us kind of a heads up of where the consumer is right now.What are you seeing. You all have talked about how you've seen people who make $100,000 or more coming into the stores. What do you see at the lower end.>> Yeah, as we said when we released it, released our uh third quarter results. It's been really consistent for us. Now, we're benefiting from some share ...

Mexico’s annual inflation accelerated more than expected last month, a week before policymakers are expected to deliver their last rate cut of the year https://t.co/SjD5ZueF2C ...