Latest news with #RichardClarida
The Star
2 days ago
- Business
- The Star
U.S. stocks close mixed amid lack of catalyst
NEW YORK, Aug. 18 (Xinhua) -- U.S. stocks were little changed on Monday as investors looked ahead to the Federal Reserve's Jackson Hole economic policy symposium later this week. The Dow Jones Industrial Average slipped 34.3 points, or 0.08 percent, to 44,911.82. The S&P 500 edged down 0.65 points, or 0.01 percent, to 6,449.15, while the Nasdaq Composite inched up 6.8 points, or 0.03 percent, to 21,629.77. Six of the 11 major S&P 500 sectors closed lower, with real estate and communication services lagging, down 0.95 percent and 0.7 percent, respectively. Industrials and consumer discretionary led the gainers, rising 0.4 percent and 0.38 percent. The Fed remains the key focus this week as policymakers head to Jackson Hole, U.S. state of Wyoming, for the annual symposium. Markets will be closely watching for signals on the future path of interest rates. According to CME's FedWatch tool, markets anticipate an 85 percent chance of a September rate cut. "The Powell I know wants to be data dependent and not make a decision before he has to," said former Fed Vice Chair Richard Clarida, now global economic advisor for PIMCO. Mega-cap tech shares were mostly weaker on Monday, weighing on the market. Meta Platforms fell more than 2 percent, while Microsoft, Apple, Alphabet and Broadcom edged lower. Tesla gained 1.39 percent, while Amazon and Nvidia also advanced slightly. This week, investors will also turn their attention to earnings results from major retailers, including Home Depot, Lowe's, Walmart and Target, for fresh insight into the health of the U.S. consumer. "Retailer earnings reports this week are likely to reflect tariff concerns, inflation uptick and an anticipated economic slowdown," said Scott Wren, senior global market strategist for Wells Fargo Investment Institute, adding that the equity rally seen in recent weeks is "likely to stall" as a result.
CNBC
10-07-2025
- Business
- CNBC
Fed is in 'wait and see' mode on rate cuts, says former Fed Vice Chair Richard Clarida
Richard Clarida, former Federal Reserve Vice Chairman and current global economic advisor at PIMCO, joins CNBC's "Closing Bell" to discuss when the Federal Reserve may cut interest rates, economic outlook and more.
Bloomberg
23-06-2025
- Business
- Bloomberg
US Could See Potential 'Whiff' of Stagflation: Clarida
Richard Clarida, global economic adviser at Pimco and former vice chair of the Federal Reserve, discusses the inflation situation in the US. "If we do get stagflation, it's not going to be the bad old days of the Seventies," Clarida tells Bloomberg's Francine Lacqua. "We'll have a whiff, potentially a whiff, of stagflation." (Source: Bloomberg)
Yahoo
18-06-2025
- Business
- Yahoo
Clarida Expects 10-Year Yield Curve to Steepen
Richard Clarida, global economic adviser at Pimco and former vice chair of the Federal Reserve, discusses the outlook for bond yields after the Fed's decision to to hold the benchmark federal funds rate in a range of 4.25%-4.5%.
Bloomberg
18-06-2025
- Business
- Bloomberg
Clarida Expects 10-Year Yield Curve to Steepen
Richard Clarida, global economic adviser at Pimco and former vice chair of the Federal Reserve, discusses the outlook for bond yields after the Fed's decision to to hold the benchmark federal funds rate in a range of 4.25%-4.5%. (Source: Bloomberg)
