Treasuries right now, though well-behaved with the ten year at 4.41% on Wednesday, the fed, as you know, left rates unchanged as widely expected to continue to pencil in two rate cuts by the end of the year, while also hinting at concerns about stagflation. For more, let's bring in Roger Ferguson, former fed vice chair, as well as a CNBC contributor. And when we're when we're on hold and we have you on, Roger, we've always got a lot to talk about, but sometimes it seems like we're talking about the same thi ...

Stagflation is the combination of slow economic growth, high unemployment, and a high rate of inflation. https://t.co/3Zw5KSj7Vn ...

No change in the Federal Reserve funds rate staying at a net level of four and a quarter to four and a half percent. Some really interesting stuff in the forecast. Let me tell you about the assessment of the economy.First, they're saying the economy continues to expand at a solid pace. Unemployment remains low. Inflation is somewhat elevated.And they talk about the idea that swings in net exports, all that front running is affecting the data. Now, the Fed forecast increase the inflation outlook. They reduce ...

aside, let's talk about expectations because again, no cut right now. But we knew that not one person thought there was going to be a cut today. But when I'm looking at the end of this year into next year, the expectations, the dot plots are all over the place.Where do you and RBC fall. >> Well, we expect the fed to cut later this year, but look at the balance of shifts in these forecasts. We're going from stagflation light to stagflation moderate.And this is going to be the story for the US economy. Inflat ...

Steve Leeman. Now, no change in the Federal Reserve funds rate, staying at a net level of four and a quarter to four and a half percent. Some really interesting stuff in the forecast.Let me tell you about the assessment of the economy. First, they're saying the economy continues to expand at a solid pace. Unemployment remains low.Inflation is somewhat elevated. And they talk about the idea that swings in net exports, all that front running is affecting the data. Now, the Fed forecast increase the inflation ...

It could be a pressure cooker of a summer for the US economy, and not because of the warmer weather. Tariffs from the Trump administration don’t appear to be going anywhere anytime soon, forcing businesses to raise prices on consumers and delay key projects. At the same time, the Federal Reserve is in no hurry to cut interest rates amid stagflation fears. Economic data has also begun to weaken, with the latest evidence being the employment readings from the last three months. Yahoo Finance executive editor ...

Economic Outlook - The most recent data suggests a continuation of a soft landing, which is good news for the economy [2] - The economy was in a good position to absorb the stagflationary shock from tariffs, and the Fed was in a restrictive position [3] - Concerns exist regarding oil prices potentially offsetting disinflation in other parts of the economy [5] Tariffs and Inflation - Evidence of tariffs impacting inflation is present in recent reports, with appliances and commodity goods prices increasing [4] - $70 billion of tariffs have been collected, indicating that someone is bearing the cost [4] - The impact of tariffs on inflation is uncertain, with a divided outlook on whether it will be a one-off event or cause broader inflation [6] Federal Reserve Policy - The Fed is likely to lower rates in the coming months [1] - The Fed should wait and see before cutting rates, despite pressure, to avoid cutting into a bigger inflation problem [6] - The Fed is being cautious, and the downside of waiting is small [7] - Financial markets will likely price in easing before the Fed delivers it if stagnation worsens [8] - The Fed's transparency provides a release valve against being behind the curve, as markets will front-run easing [9]

Let's turn now to today's market action. Stocks closing near session lows. Only two Dow stocks and one sector energy again closing higher with the broadbased selling.Joining me now is Bob Elliot, CEO and CIO at Unlimited Funds and Krishna Guha, Everore ISI vice chairman. Guys, welcome. Bob, oil moved dramatically today off a pretty low base.Stocks moved modestly. I guess this is more about what are we set up for given the run that stocks have been on. We're pretty near all-time highs on the S&P.Yeah, I thin ...

one year inflation drops from 66 down to 51. That's a pretty big drop. Joining us this morning, Allianz chief economic adviser Mohamed El-Erian is with us Mohamed.It's a treat for us to be able to get your take on on the news of the day. I did read this morning that you feel that this this news out of the Middle East is net net maybe Stagflationary does that explain some of the action in treasuries. >> It is Stagflationary. The question is how stagflationary is it.And that's a function of what you just talk ...

Well, Torson, let's focus on the US side of things and then we can get to a more global dimension. Let's focus on the US with the tariffs in mind. Is it too early to expect those tariffs to show up in the data this morning.No, it's not. What really is the key issue here is that there is indeed going to be some upside pressure on inflation. And what's most critical about this is that it's all about the behavior among companies.How do they respond to tariffs. Do they pass on 100%. Will they pass on 50%. Or wi ...