Today's topics include Timiraos reacts to Friday's jobs number, is Friday's weak jobs number enough for the Fed?, advocating for patience at the Fed, shipping issues & goods inflation, tracking catalysts that could shake markets, retail speculation ramps up, food inflation, getting Treasury debt management wrong, and groupthink at the Fed
Jim Bianco joins CNBC to discuss the Job Market, ISM Services Data, Fed Speak/Timing & Stagflation with Rick Santelli.
Payrolls missed estimates for the first time since October 2023. Fed funds traders are now pricing in two rate cuts by year-end.
Today's topics include coming treasury supply needs buyers, the 2% target, downside protection, a two-track U.S. economy, global synchronous central bank pause, money market assets back at $6T, bond vol to remain high, tracking Japanese intervention, politics & supply chains, and home equity loan reforms
Only 4% of small business owners believe it is a good time to expand their business. Inflation and a tight labor market are the main reasons for their pessimism.
The TBAC expects bills to make up more than 20% of issuance for a bit longer, but recognizes increased coupon issuance may be necessary.
A worldwide shipping slowdown may lead to higher goods prices in the months ahead.
The most recent bitcoin halving should push the inflation rate of its circulating supply under 1%.
Passive ownership of stocks has exploded since the Great Financial Crisis spurred by low-cost ETFs and mutual funds.
Higher interest rates have deterred potential sellers from putting their house on the market.