Interest Rate Policy - Federal Reserve is widely expected to hold interest rates steady [1] - All eyes are on policymakers' projections about the future [1]

Joining me now is Matt Stucky. He's the chief portfolio manager for equities at Northwestern Mutual Wealth Management. And Matt, you know, markets seem to be taking a breather today after yesterday's bounceback.How do you think investors are processing the latest risks here. Not just tariffs and inflation, but now that escalating geopolitical headwinds are on the table, that's another risk that we're going to have to deal with. Well, good morning, Ally.Thanks for having me back. Um yeah, there is no shortag ...

So, where does the industry go from here amid a mixed economic picture and no near-term resolution on these tariff pressures. Let's ask John Lvalo. He's US home building analyst at UBS here with me on set, which I appreciate.It's good to see you. I mean, the number this morning was awful. It was absolutely awful.And the builders had enjoyed a little bit of a a period of outperformance because of these buy downs and so forth. Now, that doesn't seem to be working as well. It's it's not dead.So, we're not quit ...

It's time now for today's strategy session. Riskoff sentiment gripping today's trading action as stocks open in the red, but market momentum holding up some stocks trading near record highs. Can the market continue its rally despite a growing wall of worry for investors.Joining us now, we've got Kenny Pulkari, who is the Slate Stone Wealth chief market strategist. Kenny, one of the things that you and I were talking about in the break and and perhaps is within that wall of worry to a certain extent is the r ...

All right, the Fed's two-day policy meeting kicks off today. Senior economics reporter Steve Leeman joins us right now. He's got the CNBC latest Fed survey. Steve, what's it show? Well, Becky, despite and good morning. Despite improvement in the economic outlook, respondents to the Fed survey continue to forecast weaker growth and higher inflation than they did at the beginning of the year and still elevated tariff uncertainty. 100% say the Fed will keep rates unchanged at this meeting. Uh the recession pro ...

Investment Rating - The report maintains a bullish outlook on aluminium and copper, recommending long-term buying opportunities, while suggesting a bearish trend for gold prices in the coming years [18][33][26]. Core Insights - The macroeconomic outlook is challenging, with high US interest rates constraining growth, but potential stimulatory measures from the US government could improve sentiment and growth in the medium term [15][49]. - Gold prices are expected to consolidate around $3,100-$3,500/oz in the near term, but a decline to approximately $2,500-$2,700/oz is anticipated by the second half of 2026 due to decreasing investment demand [18][26]. - Aluminium is projected to have a long-term upside of 20-40%, driven by demand from AI, datacentres, and decarbonization efforts, with limited supply growth expected [18][33][37]. Summary by Sections Executive Summary, Price Forecasts, and Conviction Ideas - Gold's investment demand is at an all-time high, with spending at ~0.5% of global GDP, but is expected to decline as growth sentiment improves [23][24]. - EUAs are forecasted to potentially reach €95/t by year-end, indicating a nearly 30% upside from current prices [18]. Global Macroeconomic Outlook - The US economy is facing high interest rates, which have constrained growth, but upcoming fiscal measures could stimulate economic activity [15][49]. - The geopolitical landscape, particularly the Iran/Israel conflict, poses risks to oil prices but is not expected to significantly impact the base case scenario [55]. Precious Metals and PGMs - Gold prices are projected to fall by 20-25% by late 2025 and into 2026 as investment demand wanes [26][29]. - The report suggests that gold producers should hedge against potential price declines below $3,600-$3,700/oz [26]. Energy - The report anticipates a 25% Section 232 tariff on copper, which could lead to a premium for Comex copper over LME prices [18][41]. - Oil prices are expected to stabilize around $60-65/bbl by the second half of 2025, despite geopolitical tensions [55]. Industrial and Battery Metals - Aluminium is highlighted as a key growth area, with demand expected to outpace supply, leading to potential deficits [33][37]. - Copper is also expected to see significant demand growth, although it may experience short-term weakness due to tariff impacts [18][41]. Agriculture - The report does not provide specific insights on agriculture commodities in this section. Bulks - The report does not provide specific insights on bulks in this section. Conclusion - Overall, the report presents a mixed outlook for various commodities, with bullish sentiments for aluminium and copper, while forecasting a decline in gold prices as global growth sentiment improves [18][26][33].

[Music] Hello and welcome to Market Domination. I'm Julie Hyman. That's Josh Lipton. Live from our New York City headquarters, we are giving you the ultimate investing playbook to help tune out the noise and make the right moves for your money. And here's Headline Blitz, getting you up to speed 1 hour before the closing bell rings on Wall Street. First, I think what we're going to see at the meeting is we got these updated projections and we expect the Fed to go from two cuts this year to one and just ackno ...

13 June 2025 | 7:27PM BST Global Rates Trader Inflation Offers Relief, Oil Offers Risks Inflation relief for global bond markets was short-lived as geopolitical tensions saw oil prices move sharply higher into the weekend. Even with some improvement in the underlying growth versus inflation trade-off and signs of duration risk appetite finding better footing, the macro impediments to a sharp move lower in US yields remain largely in place. Heading into the June FOMC decision, we continue to think any sustai ...

Well, those protests against immigration raids have been spreading in the US, and as we just heard, they're expected to further galvanize more protests this weekend. Several industries are also facing the weight of President Trump's immigration crackdown. Undocumented immigrants make up an estimated 15 to 20% or more of the US workforce in industries like crop production, food processing, and construction.according to Goldman Sachs to discuss specifically the impact on housing construction. We're joined by ...

[Music] The May consumer price index data showed a modest increase in inflation with CPI rising 0.1% month overmonth below the expected 0.2% with year-over-year headline inflation measured 2.4%. This reading has shifted some of the sentiment regarding interest rates after last week's stronger than expected labor data. The CME Fed Watch tool has increased the probability of a September rate cut from 6040 to 7030 after the release of the CPI data.The May CPI data suggests a cooling but stable inflation enviro ...