Wednesday, May 12, 2021
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Fed’s Evans says employment and inflation need to pick up before policy changes

Chicago Federal Reserve President Charles Evans told CNBC on Monday that employment and inflation will have to pick up substantially before he will change his position on monetary policy.Speaking after Friday's hugely disappointing jobs report, the central bank official said he still thinks the employment picture is strong, though

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Fed’s Barkin sees higher inflation this year, but then a reversal in 2022

Richmond Federal Reserve President Thomas Barkin told CNBC on Monday that he sees inflation pressures building this year that he expects to subside in 2022."I think we will see price pressure this year. You've got a very strong demand situation, and you've got constraints in supply," the central bank

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A powerful rotation out of tech stocks could start this month, Wells Fargo’s Chris Harvey says

Wells Fargo Securities' Chris Harvey is calling Big Tech's recent outperformance a "head fake."In a recent note to investors, he wrote economically sensitive groups will overtake growth as a leading market driver, and the powerful rotation could happen as soon as this month. So, he's urging investors who are

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Runaway inflation is the biggest risk facing investors, Leuthold’s Jim Paulsen warns

Jim Paulsen is on watch for runaway inflation.In a note to clients this week, the Leuthold Group chief investment strategist warned it's the biggest risk facing the bull market, and the stakes couldn't be higher for investors."I would put decent odds that it could get out of control and

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Fed holds interest rates near zero, sees faster growth and higher inflation

The Federal Reserve on Wednesday declined to let up on its easy-money policy despite an economy that it acknowledged is accelerating.As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. The latter part

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If Fed Chair Jerome Powell sounds ‘too optimistic’ this week, he’ll rattle Wall Street, Morgan Stanley warns

Morgan Stanley's Matthew Hornbach sees a chance the Federal Reserve's two day meeting this week will rattle investors.According to the firm's global head of macro strategy, Federal Reserve Chair Jerome Powell must avoid sounding too upbeat on Wednesday, when central bankers issue their policy statement and Powell holds a

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10-year Treasury yields will break out of slump within weeks, Wells Fargo predicts

The 10-year Treasury Note yield may be on the verge of breaking out of its slump.After stabilizing over the past several weeks, Wells Fargo Securities' Michael Schumacher predicts the current risk backdrop will re-energize yields in the coming weeks.He lists the Federal Reserve's high level of comfortableness surrounding rising

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Tech is an ‘extremely dynamic’ and resilient investment as economy reopens: Oppenheimer

Market bull John Stoltzfus sees investment opportunities across the board as earnings season kicks into high gear.Stoltzfus, chief investment strategist at Oppenheimer Asset Management, considers trading activity a lot more sensible than critics think — particularly when it comes to 2020's big winner."We see technology as ubiquitous. It serves

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Investors are poorly prepared for inflation, all-star money manager Rich Bernstein warns

Institutional Investor Hall of Famer Richard Bernstein is finding a lot of denial about inflation risks.According to Bernstein, the evidence is baked in to how investors are positioned right now."Think about what people love. They love long-duration equities right now," the CEO and CIO of Richard Bernstein Advisors told

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