the curtain, but he just came around the curtain. Federal Reserve Chair Jerome Powell. >> Good afternoon.My colleagues and I remain squarely focused on achieving our dual mandate goals of maximum employment and stable prices for the benefit of the American people. Despite elevated uncertainty, the economy is in a solid position, the unemployment rate remains low, and the labor market is at or near maximum employment. Inflation has come down a great deal, but has been running somewhat above our 2% longer run ...

My colleagues and I remain squarely focused on achieving our dualmandated goals of maximum employment and stable prices for the benefit of the American people. Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low and the labor market is at or near maximum employment.Inflation has come down a great deal, but has been running somewhat above our 2% longer run objective. In support of our goals today, the Federal Open Market Committee decided to leave our policy in ...

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 ...

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 ...

Fed Policy & Interest Rates - The CNBC Fed survey projects the Fed funds rate to be at 389% by the end of the year [1] - The base case expectation is that the Fed will cut rates one to two times this year, aligning with the Fed's communication [2] - The Fed's policy statement is expected to remain unchanged, with any news potentially emerging from the statement of economic projections [3] - The Fed is expected to maintain its current stance, awaiting further data to clarify inflation expectations [7] Economic Uncertainty & Geopolitical Factors - There's increased uncertainty due to the Middle East situation, reciprocal tariffs, and unclear US-China relations [4][5] - Geopolitics is playing a bigger role in inflation expectations [6] - The Fed's tools are limited in addressing changes in trade policy, the political environment, and geopolitical factors [6] US Dollar & Treasury Market - The dollar has shown weakness, with a temporary rebound as a flight to safety [8] - Foreign buyers have reduced their holdings of US Treasuries, decreasing from 50% to 30% over the past decade [8] - Dollar depreciation is anticipated to continue marginally, with treasury market volatility expected, especially in the long end [13] Investor Sentiment & Market Dynamics - Investors, including sophisticated institutional investors, are questioning their geographic allocation to US assets [10] - The depth and liquidity of US markets, including treasuries, the dollar, and private assets, remain robust [11] - There is still no alternative to the US dollar [12] - A transition is occurring that matters for flows and valuations, but it is marginal from a geopolitical perspective at the moment [12]

Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer.Other people want to make friends. I'm just trying to make you a little money. My job is not just to entertain, but to educate you.So call me at 1800743 CNNBC or tweet me at Jim Kramer. If you spend much time watching this network, you've heard endless chatter about the Federal Reserve, the business cycle, tariffs and trade, and of course all the ways our trading partners try to get over on us by breaking the rules of the Great Arbor, the World Trade ...

New graduates are entering into one of the toughest job markets in recent history with unemployment rates for recent grads hitting 5.8% compared to just 4% for all workers. So, it's a crucial time for young people to make smart financial moves. I want to bring in Dena Healey who is the Prize Financial Vice President of Financial Planning and Advice.Great to have you here in studio with us. You have four pillars of advice for new graduates. Study your benefits, establish a strong credit history, develop a bu ...

Investment Rating - The report indicates a cautious outlook with expectations for policy rate cuts to resume in September, following a stable unemployment rate and job growth that suggests a cooling economy [5][6][9]. Core Insights - The unemployment rate remains stable at 4.2%, with 139k new jobs added, primarily in leisure and hospitality and healthcare sectors, but the labor market is expected to loosen further [5][11][23]. - Economic indicators such as ISM services and manufacturing are below 50, indicating a cooling economy, and the Fed's Beige Book reflects a slowdown in activity and hiring [5][13][15]. - The report anticipates a total of 125 basis points in rate cuts through March of the following year, with the first cut expected in September [5][6][9]. Summary by Sections Employment Data - The unemployment rate increased slightly from 4.187% to 4.244%, and would be around 4.6% if not for a drop in the labor force size [7][23]. - Job growth is slowing, with a significant drop in household survey employment by 696k, indicating potential further increases in the unemployment rate [7][11]. Economic Activity - The report highlights a decline in auto sales to 15.65 million (SAAR) in May, suggesting that previous strong sales were due to front-loading ahead of tariffs [16]. - Retail sales data expected to be released will provide further insights into the economic conditions influenced by trade-related uncertainties [16]. Inflation and Price Trends - A benign monthly inflation reading is projected, with core CPI expected at 0.248% MoM in May, indicating minimal impact from tariffs [18][24]. - Producer prices are expected to rise, with a forecast of a 0.5% MoM increase in core goods PPI, suggesting potential upward pressure on consumer prices in the coming months [19][31]. Federal Reserve Outlook - The report outlines expectations for the Fed to maintain a "wait-and-see" approach, with rate cuts anticipated as economic conditions evolve [5][6][9]. - Fed officials are expected to discuss the implications of the latest employment data at upcoming meetings, with a focus on the labor market's trajectory [6][9].

Job Market Analysis - The US economy added 139,000 jobs in May, exceeding expectations, while the unemployment rate remained steady at 42% [1] - Healthcare and hospitality sectors are showing significant hiring gains [1] - Job seekers need to be strategic in geography, industry, and skill set to secure employment [1] Wage and Negotiation - Employees need to negotiate effectively during the hiring process [1] - Employees should equip themselves with as much information and leverage as possible [1] Diversity, Equity, and Inclusion (DEI) - Only 35% of LGBTQ+ professionals feel comfortable being their full selves at work [1] - LGBTQ+ professionals have a higher turnover rate due to unmet expectations regarding company inclusivity [1] - Companies should be evaluated for their commitment to inclusion through culture cues, employee resource groups, and network referrals [1][2] - Inclusive companies often have members of marginalized groups in leadership positions [3] - Companies with inclusive benefits like family planning support and gender-affirming care are more likely to have inclusive policies [3] - Shareholder votes against anti-DEI initiatives indicate a company's commitment to upholding DEI values [4][5]

Core Viewpoint - The latest research report from CICC indicates that the economic data for the first quarter of 2025 in the U.S. reveals a weakening growth momentum, with potential adverse effects on the second quarter due to tariff policies, inventory destocking pressures, and a deteriorating external trade environment [1] Economic Performance - The U.S. real GDP for the first quarter recorded a seasonally adjusted annual rate of -0.3%, marking the first contraction in nearly three years and a significant drop from the previous quarter [3] - The negative GDP growth was primarily driven by businesses preemptively stockpiling goods to avoid potential tariff costs, which detracted 4.8 percentage points from GDP growth [3] - Despite a slight increase in actual domestic private final sales to 3.0%, signals of weakening growth momentum are evident, including a decline in durable goods consumption and a 1.4% drop in government spending, largely due to an 8% decrease in defense spending [3] Tariff Policy Impact - CICC identifies three main pressures on the U.S. economy following the implementation of tariff policies: 1. A slowdown in imports may alleviate the negative impact of preemptive stockpiling on GDP, but inventory destocking will directly suppress production and investment 2. Consumer spending, influenced by preemptive purchases and rising prices, may further slow down 3. Retaliatory measures from trade partners could weaken export competitiveness [3] Labor Market Conditions - In April, the U.S. non-farm payrolls added 177,000 jobs, exceeding market expectations; however, the previous two months saw a downward revision of 58,000 jobs, and the unemployment rate remained at 4.2%, not reflecting the true employment pressures [4] - High levels of layoffs and an increase in the number of individuals filing for unemployment benefits to the highest level since 2021 indicate a shift in the labor market supply-demand relationship [4] - The impact of tariff policies on the profits of trade-related companies and the lagging effects of reduced demand in the service sector may pose greater downward pressure on the employment market [4]