Newsclips
Jim Bianco joins CNBC to discuss this morning’s Jobs Report, Fed Rate Cut Size & the Bond Market
October 4, 2024
Jim Bianco joins CNBC to discuss this morning's Jobs Report, Fed Rate Cut Size & the Bond Market with Rick Santelli.
Jim Bianco joins CNBC to discuss this morning's Jobs Report, Fed Rate Cut Size & the Bond Market with Rick Santelli.
Nonfarm payrolls grew by 254k jobs, beating even the highest Wall Street estimates. Previous months' data was revised upwards. The unemployment rate was a rounding error away from being 4.0% despite estimates of 4.2%. Average hourly earnings came in above estimates. One month does not make a trend, but the case for aggressive rate cuts looks much less compelling after today's data.
Today's topics include keeping an eye on QT & liquidity in funding markets, money markets reach another record, is the jobs survey no longer accurate enough to be useful?, the cost of food, dockworkers reach partial deal while hammering out automation terms, digging into retail sales heading into holiday season, how far can China's stock market go?, looking for data to suggest recession is becoming more like 'where's Waldo', anticipating volatility, and BoJ has measured stance to next rate hike
The U.S. Department of Housing & Urban Development labels almost half of all renters as either "cost-burdened" or "severely cost-burdened" in paying for shelter.
The risks to inflation are becoming more balanced according to Fed officials. There is also less uncertainty surrounding officials' projections.
28% of developed market sovereign debt now yields more than 4%.
Active managers frequently use factor models to adjust portfolio exposure to different asset characteristics, managing risk and performance. Momentum has been a driving factor for equity returns in 2024.
The number of homes being sold each month remains near the lowest level of the past 22 years.
We will update the political charts every week until election day to show the latest odds. The data suggests this race remains too close to call.
A long-term look at interest rates
Some interesting charts from our recent posts