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...“More broadly, there is an unpersuasive talking point that fewer competitors is better for competition and I think we always need to assess that claim very sceptically,” said Chopra....
...Wood, who is known for her bullishness, said she expected the Fed to lower rates in 2024 and for inflation to decline to the point of deflation, creating a climate in which her favoured innovation-based...
...“If a group of partners came along and said, ‘join our lawsuit’, I would not have wanted to sign away my right to do that,” the former partner said. Grant Thornton declined to comment....
...So I think the Fed, now having been burnt by that recent miscalculation, is going to favour keeping rates higher, to make sure the job is done....
...“I didn’t want to let the situation define me so I pulled myself back up, took out a £10k loan and launched my own PR agency, Pumpkin. “I realised I was stronger and more resilient than I thought.”...
...The New York Fed is extremely transparent about its results and publishes these every quarter. I have collated all of its data to produce the animated chart below....
...But following three months of higher than expected US inflation data, investors in a corner of the options market are beginning to take seriously the possibility that the Fed’s next rate move could instead...
...“I think we’re all trying to get to the moon first,” Hardy said....
...“I raised my estimate to reflect the continued resilience in the economy despite high nominal interest rates and higher model-based estimates of the equilibrium interest rate,” she said....
...The reshuffle comes ahead of Google’s first-quarter earnings on 25 April and its annual I/O developer conference on 14 and 15 May at its headquarters in Mountain View, California....
...“I have no idea how much volume they’re going to be doing in the middle of the night....
...“I do not expect to see the US dollar lose its status as the world’s reserve currency anytime soon, nor even a significant decline in its primacy in trade and finance.”...
...Households are saying, if the Fed tells me rates are going to go down and I’m hunting yield and I have some extra cash in money market funds, why don’t I buy credit? I get some extra spread....
...“I think markets are underestimating the potential for the BoJ to do more....
...In a 2013 message to another Centerview banker — which was cited in court filings — Handler wrote, “I have to actually sign this thing?”...
...I take the two of them together, and I think they haven’t really changed the overall story, which is that of inflation moving down gradually on a sometimes bumpy road towards 2 per cent....
...“My base case has been similar to the Fed’s base case for the last 18 months, but I can also see them cutting a lot faster under certain scenarios....
...The first two didn’t respond, but in a statement Tradeweb’s Billy Hult said: “Obviously I hate to disappoint, but as Doug knows I saved most of my swearing for the golf course.”...
...He says: I don’t know Mark Zuckerberg and I don’t follow Meta and so I don’t know how clever or not clever they are in terms of sniffing the wind, but I think in this instance, either by accident or intentionally...
...“If the deal is approved,” said Graham, “I think floodgates will open.”...
...“So far, this year is not transpiring the way that the Fed — or interest rate markets — have described. I think it is clear the Fed is off-track now....
...A cut at the Fed’s mid-June vote would be a possibility, she added. “I wouldn’t rule that out....
...“I think we’re going to see continued resistance to yields moving much higher, because the bias towards easing is still strong.”...
...“March is probably too early in my estimate for a rate decline because I think we need to see some more evidence,” Cleveland Fed Loretta Mester said in an interview with Bloomberg Television....
...Here’s what else I’m keeping tabs on today: Conferences: Nvidia chief Jensen Huang gives the keynote speech at the chipmaker’s annual developer conference in Silicon Valley....
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