Price in for Fed cuts in 2026, says strategist
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
20 minutes ago
- Associated Press
BREAKING NEWS: Mobile Outfitters Merges with Vasco Group and Studio Group to Consolidate Global Operations
Recent merger between Philadelphia-based Mobile Outfitters, and EU based Vasco Group and Studio Group aims at the massive screen protection market. 'The exceptional quality of our products and people deserves to be number one in the market. By uniting our forces, we're making MO unstoppable. The time has come for MO to step into the spotlight.'— Cyril Montanari PHILADELPHIA, PA, UNITED STATES, August 18, 2025 / / -- Philadelphia-based Mobile Outfitters has completed a merger with its two largest European distributors, Vasco Group and Studio Group. The combined organization will operate as a single company with integrated product development, manufacturing, sales, and distribution functions specializing in on-demand screen protection for mobile devices. The merger brings together teams across four continents, with more than 50 employees working in 10 countries. This structure enables the company to manage the full lifecycle of its products, from design and production to in-country support and delivery, under one company, while improving operational efficiency, streamlining logistics, and aligning product availability more closely with customer needs in each market. Company leadership will include co-founders Eric Griffin and Dennis O'Donnell, who will continue overseeing marketing and product development respectively, and Erin Perloff as Chief Financial Officer. In addition, new owners Mike Bissell and Cyril Montanari, formerly of Vasco Group, will serve as Chief Sales Officer and Chief Executive Officer respectively. 'The exceptional quality of our products and our people deserves to lead the market,' said Cyril Montanari, CEO of Mobile Outfitters. 'By uniting our forces globally, we're making MO unstoppable. The time has come to step into the spotlight.' About Mobile Outfitters Mobile Outfitters is a U.S.-based manufacturer and consumer brand specializing in on-demand screen protection. All design, manufacturing, and operations are based in Philadelphia, Pennsylvania. Its patented products are available in retail locations in more than 60 countries. The company has appeared on the Inc. 5000 list six times, won the Power Partner award twice, and was named one of Philadelphia's Best Places to Work. It also holds EcoVadis Bronze and Greenly Gold sustainability ratings. Learn more at For further information, please contact: Eric Griffin, CMO [email protected] Eric Griffin Mobile Outfitters [email protected] Visit us on social media: LinkedIn Instagram Facebook YouTube TikTok Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Bloomberg
22 minutes ago
- Bloomberg
European Gas Falls Further Ahead of Zelenskiy-Trump Meeting
European natural gas prices fell to a fresh 2025 low ahead of US President Donald Trump's meeting with Ukraine's Volodymyr Zelenskiy, who faces pressure to reach a peace deal with Russia that involves ceding territory. Benchmark futures extended their drop after the market plunged last week in anticipation of Trump's meeting with Russian counterpart Vladimir Putin. An agreement to end the war — however steep the possible concessions for Ukraine would be — could ease global supplies if more Russian energy eventually comes to the market.
CNBC
22 minutes ago
- CNBC
CCTV Script 13/08/2025
The market has largely viewed the latest overnight release of the Consumer Price Index (CPI) inflation report in a positive light. The nominal CPI rose by 2.7% year-on-year, slightly below the expected 2.8%. The report also indicated stronger-than-expected inflation in service, while goods inflation came in lower than anticipated. These figures have reinforced market expectations for a rate cut and boosted the performance of U.S. stocks overnight. Specifically: All three major U.S. stock indices rose by more than 1% overnight, with the S&P 500 and the tech-heavy Nasdaq Composite both closing at record highs. According to CME FedWatch, the market's probability of a 25-basis-point rate cut by the Federal Reserve in September has increased from 85.86% the previous day to 94.93%. Although the market widely expects a rate cut in September, the focus among those supporting the move varies. Some are paying attention to inflation trends, while others are closely monitoring employment data. First, regarding the impact of Trump's tariff policies on inflation, expert opinions are divided. One camp argues that the effect of tariffs on U.S. inflation is actually quite limited. "Now you have six months of evidence, I don't really think tariffs cause inflation. Taxes don't cause inflation. And so what you're seeing in the data is very muted effects that are one time increases in the price level." It's worth noting that James Bullard is currently considered a top candidate for the next Federal Reserve Chair. In an interview with CNBC overnight, he also stated that he expects the Fed to cut rates by a total of 100 basis points over the next year. Meanwhile, another camp in the market warns that the impact of tariffs on inflation may gradually become more apparent in the future. Experts caution that, in addition to nominal CPI, it's crucial to monitor the trajectory of core CPI. "We are seeing a little bit of an uptick in the sequential core inflation and underlying inflation data. And I think a large part of that is the moderate impact we're seeing of tariff pass through that that is likely to grow in the months ahead." Additional analysis points out that while businesses may absorb costs in the short term, they will ultimately pass them on to consumers, particularly in industries with already narrow profit margins. "For instance, groceries, I mean, there's very little margin there. They're going to, you know, your tomato prices are going to go up because of because they can't really absorb, you know, those prices. It's just a matter of time that this, that the tariff related inflation starts to show up in the data." Finally, it's noteworthy that no consensus has yet been reached within the Federal Reserve regarding the pace of future rate cuts. Currently among Fed officials, Michelle Bowman and Christopher Waller represent the dovish camp advocating for . However, Jeffrey Schmid, President of the Kansas City Fed struck a hawkish tone overnight, arguing for . With moderate voices further complicating the divide, analysts suggest that even if the Fed initiates a cut in September, the pace may remain measured due to persistent internal disagreements.
