Latest news with #HarrisFinancialGroup
Wall Street Journal
09-05-2025
- Business
- Wall Street Journal
Fed Comments Stir Stagflation Fears
The S-word is making the rounds on Wall Street. Wednesday's interest-rate decision from the Federal Reserve 'formally codified that stagflation pressures are the key challenge' for the central bank, according to Jason Pride, chief of investment strategy and research at Glenmede. 'The Fed isn't pulling any punches on the potential for tariffs to cause stagflation," wrote Jamie Cox, managing partner at Harris Financial Group, adding that trade-policy uncertainty "is too large to ignore." Investors acknowledge that the stagflation prospects leave a pretty tough job for the central bank. 'The Federal Reserve is in a bind,' said Chris Zaccarelli, chief investment officer for Northlight Asset Management in Charlotte, N.C. With economic growth slowing and inflation still high, central bankers' dual mandate is 'pulling them in two opposite directions.'
CNBC
07-05-2025
- Business
- CNBC
Watch CNBC's full interview with The Exchange's Fed Panel
Harris Financial Group's Jamie Cox, New Century Advisors' Claudia Sahm, TD Cowen's Chris Krueger and WSJ's Greg Ip, joins 'The Exchange' to discuss the current macroeconomic picture before the Federal Reserve makes its May rate decision.
CNBC
07-05-2025
- Business
- CNBC
Inflation news should point Fed in more dovish direction, says WSJ's Greg Ip
Harris Financial Group's Jamie Cox, New Century Advisors' Claudia Sahm, TD Cowen's Chris Krueger and WSJ's Greg Ip, joins 'The Exchange' to discuss the current macroeconomic picture before the Federal Reserve makes its May rate decision.
Yahoo
14-02-2025
- Business
- Yahoo
U.S. Stock Market Climbs as Hotter Inflation and Trade Worries Take Center Stage
U.S. Stocks rose on Thursday as traders weighed slightly hotter-than-expected inflation data against ongoing global trade tensions. The Dow Jones Industrial Average added 122 points, or 0.3%, while the S&P 500 climbed 0.5% and the Nasdaq Composite advanced 0.9%. The producer price index (PPI) reported a 0.4% increase for Januaryabove the consensus estimate of 0.3%and core PPI, excluding food and energy, rose 0.3% in line with forecasts. Market participants focus on the fact that the recent PPI and Wednesday's consumer price index data hint at a softer personal consumption expenditure (PCE) price index than initially feared. The PCE remains the key inflation gauge for the Federal Reserve. Jamie Cox, managing partner for Harris Financial Group, noted that traders now prioritize the strong labor market amid mixed inflation signals. Meanwhile, investors face rising global trade tensions after the White House announced President Donald Trump will impose reciprocal tariffs on imported goods ahead of his meeting with Indian Prime Minister Narendra Modi. Trump, on Truth Social, confirmed a news conference on reciprocal tariffs scheduled for 1pm ET on Thursday. Overall, investors show cautious optimism as they navigate these complex economic signals. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
13-02-2025
- Business
- Yahoo
The Dow climbs as markets brace for another Trump tariff announcement
The Dow and other major indices edged higher on Thursday as President Donald Trump is prepared to impose a reciprocal tariff later in the day. Under this policy, if a country levies tariffs on American products, the U.S. will respond by applying an equivalent tariff on that country's goods. President Trump will meet with Indian Prime Minister Narendra Modi, and the announcement will be made prior to their meeting. In the afternoon, the Dow Jones Industrial Average was up 0.3%. The tech-heavy Nasdaq and S&P 500 added 0.7% and 0.5%, respectively. Meanwhile, inflationary pressures persisted, with wholesale price data hotter than expected. The Producer Price Index (PPI), which tracks what producers receive for their goods and services, rose 0.4% in January—exceeding analysts' estimates of 0.3%. Core PPI, which excludes food and energy, increased 0.3% for the month, aligning with forecasts. The labor market remained resilient, with fewer Americans filing for unemployment benefits last week. According to the Labor Department, initial jobless claims dropped by 7,000 to a seasonally adjusted 213,000 for the week ending February 8. The figure came in below economists' expectations of 215,000 claims. Jamie Cox, Managing Partner at Harris Financial Group, told Quartz in an email: 'It's a positive sign that markets are prioritizing the strength of the labor market over volatile inflation data.' 'The key takeaway is that the strong economic foundation remains intact.' Intel (INTC) stock extended its rally into a fourth day on Thursday, surging more than 8% to trade above $24 per share. The legacy chip maker is now up more than 20% so far this year — compared to a dip of about 1.5% to start 2025 for AI chip maker Nvidia (NVDA). The stock rally has come amid speculation about increased U.S. government support for the company and a possible collaboration with TSMC (TSM), the Taiwan-based chipmaking giant. The Trump administration is looking at a $400 million, five-year contract for 'Armored Electric Vehicles' that could refer to Teslas. The State Department had previously listed 'Armored Tesla (TSLA) (Product Units)' in its procurement forecast for 2025, according to multiple news outlets. It has since revised that line item to 'Armored Electric Vehicles.' Following the news, Tesla's shares (TSLA) were up in the morning. Shares of Robinhood (HOOD) climbed on Thursday as the trading platform delivered stronger-than-expected earnings a day earlier. The company reported a 115% year-over-year increase in revenue, surpassing analysts' estimates and signaling robust user engagement despite market volatility. In contrast, shares of social media giant Reddit (RDDT) declined after the company fell short of earnings expectations. Today, investors are closely watching earnings reports from Airbnb (ABNB) and Coinbase (COIN), both set to be released after the closing bell. —Britney Nguyen and Josh Fellmancontributed to the article For the latest news, Facebook, Twitter and Instagram. Sign in to access your portfolio
