US wholesale inflation unexpectedly fell last month after prices rose in Julyhttps://t.co/3HR2wtNFjx ...

Inflation Outlook - Stiffel expects a relatively benign Producer Price Index (PPI) report, with a slight increase of a couple of tenths of a percentage point, but notes that price pressures remain elevated above the 2% target [3] - A significant rise in both PPI and Consumer Price Index (CPI) could potentially cause the Federal Reserve (Fed) to pause before making a move in September [12] - The market is anticipating a 25 basis point rate cut by the Fed [13] Monetary Policy - The Fed is shifting its focus back to full employment due to cooling labor market data [4] - Elevated inflation levels will likely put a floor on any further potential rate adjustments beyond a near-term reduction [4] - The market is looking for the Fed to move towards or further into neutral [7] - An outsized 50 basis point move by the Fed is unlikely, but a dissent in favor of a larger cut may be seen [19] - More than two rate cuts this year may be overly aggressive, with potential cuts in September and possibly December [20] - Upside risk remains, as accelerating inflationary pressures could eliminate the Fed's ability to push through even a second rate cut [21] Economic Conditions - The economy is losing momentum and slowing down in some aspects, but not necessarily heading for an outright downturn [8] - The biggest risk is a stagflationary scenario, with the Fed tolerating above-target inflation, potentially leading to a stagnant economy with elevated price pressures [10] - The labor market data is not all pointing in the same direction, with a low unemployment rate near 4% but varying data points [15][16] - Consumption has been holding up relatively steady, with retail sales numbers around 4% [17]

It’s the kind of bold forecast that grabs every trader’s attention: Goldman Sachs (GS) is predicting that gold (GCZ25) could surge to $5,000 by the end of next year. During the Sept. 5 Market on Close livestream, John Rowland, CMT, joined to unpack the story after Twitter Tom asked whether this prediction is realistic — or just a throwaway number. More News from Barchart www.barchart.com The Fed Independence Question At the core of Goldman’s call is the idea of Federal Reserve independence. If the Fe ...

Welcome back. The NBC News Decision Desk is out with a new poll this morning. And here to take us inside the numbers is NBC News chief data analyst, the great Steve Cornaki.Thanks for being here, Steve. What do you have. Hey, thanks Christie.Good morning. So, take a look. Our decision desk poll.And again, we're looking at all adults here. This is voters and potential voters casting a wide net. We ask about President Trump's job performance, a 43% approval rating.That's what we find in this poll. And of cour ...

Economy & Monetary Policy - Discusses the current state of the economy [1] - Explores whether the Fed and government have effectively eliminated bear markets [1] - Considers whether the Fed should cut interest rates by 50 basis points (0.5%) [1] Cryptocurrency - Analyzes the current situation and potential breakout of Bitcoin [1] Technology & Innovation - Covers Tesla, humanoid robots, and Elon Musk's ventures [1] - Touches on artificial intelligence [1] Energy & Housing - Raises concerns about electricity prices [1] - Addresses the national housing crisis and potential solutions [1]

Joining me now is Kevin Hasset, director of the National Economic Council. Thank you so much for joining us this afternoon. We really appreciate it. >> Well, it's great to have you. I do want to start off uh with your reaction to the August jobs report. As you know, just 22,000 jobs were created last month and revisions showed the US actually lost jobs in June. That's the first month of job losses since the pandemic. Is this a warning sign about the state of the labor market? Well, right now when we're look ...

How do you invest in what appears to be a slowing but still growing economy. Rebecca Patterson is former chief investment strategist at Bridgewwater Associates, also a senior fellow at the Council on Foreign Relations. Is it wrong to characterize this economy as slowing but still growing.>> From the labor market perspective, it's definitely slowing. I would even say stalling. You know, the challenge is going to be the disconnect between GDP reports and labor reports in the coming months and maybe quarters, ...

Federal Reserve Bank of Chicago President Austan Goolsbee said he’s still undecided on what course of action he will support at the central bank’s Sept. 16-17 meeting, pointing to inflation data due next week https://t.co/taWlpYncFs ...

Joining us right now to talk about the markets ahead of today's big jobs report, Gabriella Santos. She is JP Morgan, asset management chief market strategist for the Americas. And this is a big number.We got uh some hints yesterday with ADP coming in. Did that foreshadow anything for you. What are you expecting.And what do you think it means for stocks. Yeah, so I think when we look at a whole mosaic of labor market data, it's really telling us that the labor market continues to cool. It's not cool.uh we're ...

Turkey’s central bank Governor Fatih Karahan struck an optimistic note on the inflation outlook following worse-than-expected data and market turmoil https://t.co/XVlcVdnAef ...