Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
All trains travelling in and out of New York Penn Station have been halted because of an Amtrak overhead wire issue, New Jersey Transit said Wednesday.Transportationread more
This just might be Fed Chair Jerome Powell's toughest meeting yet because whatever the outcome, odds are high that it will disappoint a large group.Market Insiderread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Tesla shares are nearing Morgan Stanley's price target but the firm isn't sure how to tell investors to value Elon Musk's company.Investingread more
Companies are increasingly willing to pay for employees to go to the doctor. Uber is partnering with Grand Rounds, a start-up that sells into the employer channel, to make it...Technologyread more
But it's still unclear when the currently stalled trade negotiations between the two economic superpowers will restart, Lighthizer said.Politicsread more
Apple's iOS 13 update, which will be available in the fall for iPhones, will let Siri read your text messages to you through your AirPods. Here's how to set it up.Technologyread more
Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors...Retailread more
Fed governor Stanley Fischer on Monday hinted at increased interest rates this year by mentioning possible upticks in inflation.
BMO's Chief Investment Strategist Brian Belski and Pimco's global strategic advisor, Richard Clarida, addressed the Fed's next move on CNBC's "Power Lunch" and agreed the market would not see a rate hikes until the summer or even fall.
"We have to kind of take a step back and remember how bad January was and how much volatility there was in the markets, not only in the stock markets, but the bond markets," Belski said. He believes that the Fed will wait for better compensation on both earnings and GDP fronts. It's in "credibility mode," as he described it, and waiting to see how things play out in the market.
Clarida then broke down Fischer and Fed governor Lael Brainard, who both spoke Monday, into two camps: "hawkish" and "watchful and waiting," respectively. In addition, he thinks that a lot of markets will begin to stabilize if oil prices find a bottom.
Going forward, Belski said that the market may not return to the sound strategies of credit, China and oil after its most current "freak out." "That is not part of the strategy, not part of the investments with respect to fundamental strength going forward."
When asked about the possible correlation between a 10-year Treasury yielding less than 2 percent and the risk of a global recession, Clarida said there's no cause for worry. He cited capital coming from countries with negative interest rates as the reason behind U.S. bonds going down. "I think as the global sentiment stabilizes, then some of that flight to safety in Treasurys will flow out, and there will be upward pressure on bond yields."