JUST IN: 🇺🇸 Fed President Neel Kashkari says the economy may not be slowing as much as we think. ...

I want to talk about the meeting that takes place at the end of this month as well. You were pretty clear going into the last meeting. You delivered a speech and I believe the title was let's get on with it.Are you advocating for the same thing at this meeting. Yeah, I think it's it's uh the right thing to do. Back then there was an issue of whether you go 50 or 25 and I thought I argued we could do 25 and see how the data comes in. Of course, we're not getting much data and then we can think about the next ...

Some people blame I mean people blame the the current government for the shutdown. I mean I know you're blaming the Democrats but often the blame goes to >> who's in power. >> How how is that.The Mike Mike Johnson p passed a clean CR. Three Democratic senators have come over. The leader Thun has a vote every day and they they want to negotiate.We're saying reopen the reopen the government. Negotiate. >> Is it hurting the economy.Uh I've I've seen numbers that are starting to hurt the economy maybe up to $15 ...

Market Overview & Economic Commentary - The market exhibits investor exuberance, potentially indicating overvalued or fully valued assets [4] - Deregulation and the ability to execute deals are expected to stimulate the economy [3][9] - The depreciation on capital expenditures is a significant economic driver [10] - October is anticipated to be a challenging month for the overall market [8] Banking Sector Analysis - JP Morgan's stock is considered expensive, while Wells Fargo is undergoing a rerating as it emerges from a penalty box [1] - Citigroup is viewed as undervalued compared to its peers, reaching a target range of $102-105 [1] - Goldman Sachs has achieved its most profitable year ever, signaling a positive environment for the economy [6] - Financing activity is increasing, including the largest leveraged buyout (LBO) ever, and banks are eager to finance AI buildout [5][6] CEO Sentiment & Future Outlook - Bank CEOs express optimism, particularly regarding M&A activity [7] - Goldman Sachs believes it can strategically accomplish objectives in the current environment [5] - The core M&A business is thriving, indicating active deal-making [7] - The job market's stagnant nature, characterized by low hiring and firing rates, poses a potential downside risk [9]

We'll bring in Muhammad Alien now. He's Alon's chief economic adviser. It's good to have you.Thanks for joining us as we try and take our viewers through these last uh 30 minutes or so of this selloff today. What do you think about it. Thanks, Scott.I'm not surprised at all. I'm not surprised to what's happening in equities, what's happening in the bond market, what's happening to gold, what's happening to Chinese ETF, because we've had two bits of news today that challenge something that was deeply rooted ...

Every once in awhile I come across an account that is criminally under followed.The latest one is @onechancefreedm.The account constantly posts some of the most thoughtful, accurate analysis of the economy and geopolitics.Highly recommend following them immediately. ...

Federal Reserve Policy & Interest Rates - The Federal Reserve (Fed) considered lowering interest rates, with debate primarily focused on the number of cuts this year, potentially two or three [1] - The Fed decided to lower interest rates by 25 basis points (0.25%) on September 17th [1] - One expert suggests the Fed should not cut interest rates and should have considered hiking them by 0.25% [2] - There are concerns that the Fed's September to December rate cuts last year were premature, based on a potentially flawed assessment of inflation [3] - All 12 voting members cut interest rates by 0.25%, raising questions about the Fed's priorities [4] Dual Mandate & Economic Objectives - The Fed's dual mandate (controlling both inflation and employment) is seen as an inconsistency, hindering its ability to effectively manage either objective [5][6] - The European Central Bank's single objective (inflation) is contrasted with the Fed's dual mandate [6] - The current administration is focused on maintaining a strong economy and low unemployment [7] - There's a divergence between the administration's focus on economic growth and the Treasury Secretary's desire to reduce the Fed's balance sheet, potentially creating conflicting objectives [8] Economic Strength & AI Impact - While growth numbers suggest a strong economy, employment figures may not reflect this strength [9] - The AI sector is significantly supporting the economy, but there are concerns about the sustainability of this boom and the potential for a "hiccup" [10] - AI is expected to be a significant long-term phenomenon, but there will be failures along the way, with potential hype exceeding actual value [12] - A potential failure of some AI companies in the next six months could have a stock market-wide impact [13] - The non-AI economy is underperforming, raising concerns about stagflation (weak economy with rising inflation) [13] Inflation & Monetary Policy - The Fed's 2% inflation target is not being met, with inflation running at 3% [13] - The New York Fed's survey of consumers indicates an increase in inflation expectations from 3.2% to 3.4% over the next year [13] - The Fed should prioritize dollar stability by maintaining a low and stable inflation rate [14][15] - Employment should be the responsibility of the US Treasury [15]

The good part about Gold moving upwards this much: The upside for #Bitcoin has become significantly larger.The bad part about Gold moving upwards this much: something is cracking and that's likely our economy. ...

Hungarian PM Orban favors lower interest rates to boost the economy ahead of next year’s crucial election https://t.co/EaPRQFkCkQ ...

As Donald Trump seeks to re-mold the central bank with officials who share his view on the economy, how far the administration is willing to push the apparent contradiction may prove critical for the depth, pace and timing of any Fed cuts https://t.co/PuSz0iZAex ...