Federal Reserve Bank of St. Louis President Alberto Musalem said he supported last week’s interest-rate reduction as a way to take out insurance against a weakening labor market, but sees limited room for more cuts amid elevated inflation https://t.co/vBI47BTmFp ...

The furniture industry facing global headwinds, yet consumers are remaining resilient. Yes, but Roland is the CEO of Inter Group, the largest IKEA franchisee operating most of the branch stores. Yes, but joins us now for more.Yes, but welcome to New York. It's good to see you. Wonderful to be here.How are things going. Because we heard from Restoration Hardware and the RH CEO was on the earnings call dropping F-bombs. And I imagine a lot of people are having similar issues at the moment, trying to sell furn ...

Market Sentiment and Earnings - Investor sentiment is currently high, leading to potential profit-taking and normalization of positions in response to any unsettling news [1] - The upcoming Q3 earnings reporting season is expected to be a significant factor influencing market direction [2][4] - The market's recent highs are attributed to expectations of rate cuts, but the sustainability of this trend hinges on strong earnings performance [2][3] Earnings Pressure - There is considerable pressure on earnings to exceed growth expectations, particularly given current market valuations [4][5] - The current earnings pressure is noted to be at levels not seen since the tech bubble and the post-pandemic recovery [5] Company Focus: Equifax - Equifax is highlighted as a potential investment opportunity due to its earnings inflection story, driven by lower interest rates impacting mortgage rates [6] - Analyst expectations for Equifax's earnings are projected to be significantly above consensus for fiscal years 2026 and 2027, supported by lower mortgage rates [6] - The company is expected to improve its return on equity (ROE) through enhanced margins and operational efficiency [7] Mortgage Rates and Housing Market - Despite recent increases in mortgage rates, the long-term outlook remains positive due to a housing market that is underbuilt in the United States [8] - The current mortgage rates are approaching the 6% range, which may stimulate demand for both refinancing and new home purchases [8]

ECB officials are anxiously awaiting the next edition of their economic forecasts — due in December — that will help them decide whether interest rates are low enough to sustainably deliver inflation of 2% https://t.co/CblHP9MtvV ...

The ECB can tolerate inflation just below 2% and should take time to weigh carefully whether more action is needed, Governing Council member Martins Kazaks said on Sunday https://t.co/xTU8suGTUQ ...

The Fed’s preferred inflation gauge likely grew at a slower pace last month, offering policymakers some breathing room to address weakness in the US labor market https://t.co/4r4lX9p17m ...

ECB interest rates are “fine where they are,” even when considering downside risks to the economy and an inflation forecast slightly below the 2% target in 2027, Governing Council member Edward Scicluna said https://t.co/8hkhiBeIaT ...

Economic Policy Impact - Trump's economic policies are pushing down inflation [1] - This creates an opportunity for the Federal Reserve to cut its key interest rate swiftly and steeply [1]

All right, newly installed Fed Governor Steven Myron is saying he favored a bigger rate cut at the recent FOMC meeting. Here with the latest on this story is our Fed correspondent Jennifer Shawnberger. Jen, good afternoon.miles. New Federal Reserve Governor Steven Myron said he favored a jumbosized rate cut at the central bank's policy meeting earlier this week because he doesn't see any inflation from tariffs and he favors a policy rate that does not restrict the economy nor spur it. Myron telling CNBC in ...

Core Insights - The discussion highlights the impact of tariffs on inflation, particularly in the appliance sector, where prices increased by 3.3% in the first seven months of this year compared to a 6% decrease in the same period last year, indicating a direct correlation with tariffs [2] - There is a bullish sentiment towards gold as a diversifier in investment portfolios, with central banks purchasing approximately 1,000 tons of gold annually over the last three years, which is double the previous decade's pace [4] - Retail and institutional investors are increasingly turning to gold as a complementary diversifier, especially during market downturns, where gold has historically performed better than Bitcoin during significant S&P 500 declines [5][6] Economic Indicators - The current economic environment shows a higher 10-year yield following Federal Reserve cuts, contrasting with historical trends where yields would typically decrease during economic slowdowns [7][8] - Inflation remains elevated, with core PCE projected at 2.9% for August, and GDP growth is reported to be over 3% for the third quarter, indicating a robust economy despite a slowing labor market [9][10]