Wednesday, May 12, 2021
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Fed warns about potential for ‘significant declines’ in asset prices as valuations climb

People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020.Ting Shen | Xinhua via Getty ImagesRising asset prices in the stock market and elsewhere are posing increasing threats to the financial system, the Federal Reserve warned in a report Thursday.In its semiannual

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Clarida says the Fed is ‘a long way from our goals’ and tightening policy

Federal Reserve Vice Chairman Richard Clarida told CNBC on Wednesday that he thinks the central bank should keep its ultra-loose policy in place even as the U.S. economy storms back from its pandemic-era tumble.In a "Closing Bell" interview, Clarida said he expects the economy to grow close to 7%

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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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Warren Buffett says Berkshire Hathaway is seeing ‘very substantial inflation’ and raising prices

Warren Buffett at Berkshire Hathaway's annual meeting in Los Angeles, California. May 1, 2021.Gerard Miller | CNBCWarren Buffett is seeing inflation among Berkshire Hathaway's collection of businesses as the economic recovery from the Covid pandemic kicks into high gear."We are seeing very substantial inflation," the Berkshire chairman and CEO

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Stock futures dip even after Amazon reports profit surge

FAANG stocks displayed at the Nasdaq.Adam Jeffery | CNBCFutures contracts tied to the major U.S. stock indexes dipped at the start of the overnight session Thursday evening as investors pored over a flurry of earnings results and a robust profit beat from e-commerce giant Amazon.Contracts tied to the S&P

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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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S&P, Nasdaq 100 futures are higher after Apple & Facebook beat estimates

U.S. stock index futures were higher in overnight trading on Wednesday, after the major averages posted losses for the day.Futures contracts tied to the Dow Jones Industrial Average gained 15 points. S&P 500 futures advanced 0.2%, while Nasdaq 100 futures rose 0.5%.Apple and Facebook's strong quarterly results boosted futures.

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A ‘tidal wave’ of Chinese companies rush into the red-hot IPO market in the U.S.

The Xpeng P7 electric vehicle displayed outside the New York Stock Exchange on Aug. 27, 2020 when the Chinese electric vehicle launched its initial public listing.Jeenah Moon | Bloomberg | Getty ImagesBEIJING — Chinese companies are rushing to go public in the red-hot IPO market in the U.S. —

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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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