All right, welcome back. The July Federal Reserve minute shedding a little bit of light into the committee's conversations about where interest rates might go. Two members calling for cuts and now the focus of course shifting to Federal Reserve Chairman Jerome Powell speech in Jackson Hole, Wyoming.Rick Santelli joining us now. Rick, you put out a note to us internally about this. On one hand, they're talking about inflation and on the other hand, they're talking about weaker jobs.That's a tough combo. It i ...

Let's talk to one beneficiary of this trend. For more on alternative investments and private credit, Marathon Asset Management co-founder and CEO Bruce Richards is here. Marathon has over 23 billion dollars in assets under management.I I assume you're getting a lot of family office. We are. It's a big part wealth channels, the insurance channels and institutional channels. And when you think about wealth, the family offices are a very big part of that.And that's coming from the banks that are putting it on ...

Federal Reserve Policy & Interest Rates - The Federal Reserve is expected to hold rates steady this week, with a potential rate cut in September [1] - Survey data indicates a 27% expectation for a rate cut, despite 100% believing there will be no cut in July [1] - The chance of recession has fallen to 31%, down from 38% in June and 53% in May [2] - Current rate outlook anticipates approximately two rate cuts this year and two more next year [2] - The market is pricing in 100 basis points of cuts, but the 10-year forecast only goes down to 425 basis points, suggesting a steepening of the curve [10][11] - Easing to come will be a recalibration of bringing down the policy rate and in the process resloping the yield curve, potentially another 100 basis points down to 338 basis points [13] Potential Fed Chair Candidates - The race to replace Fed Chair Jay Powell is a three-way tie between Kevin Walsh (24%), Scott Besson (24%), and Hasset (22%) [1][3] - Fed Governor Waller is also a candidate, polling at 14% [3] - Scott Besson suggests a new Fed chair could be picked as early as December [3] - Paul McCaulay advocates for Governor Chris Waller, citing his monetary policy scholarship, experience as a Fed governor, and sound economic principles [5][6][7] Potential Dissent - There is an expectation that Governor Waller and Fed Vice Chair of Supervision Michelle Bowman could dissent with the decision not to cut rates [8] - A double dissent from Fed governors hasn't been seen since 1993 [9]

RT Kellan Grenier (@kellangrenier)Don't take my word for it, listen to @SecScottBessent - who is openly targeting the yield curve; “contain long yields” while tax cuts reload.That’s yield suppression (YCC) in everything but name. ...

Give us a tip. What's the what's the one long you would hit for the next contest. Hmm.I would say probably probably the yield curve. It just depends on where. I think it'll be higher at that point in time.Man would be very esoteric. So many think. Well, it would definitely.I would definitely be betting on substantially lower front end rates will have a we'll have a new Fed chair within six months at that point in time. And I think Trump's going to pick someone who's going to be uber dovish. Well, let's talk ...