CNBC's "Fast Money" The Fed’s Latest Cut…. Plus Super Micro’s Red Flags 11/7/24
Nov 7, 2024
Guest
Steve Leisman
Guest
Michael Cantopoulos
Guest
RJ Scringe
Guest
Phil LeBeau
Guest
Chris Benatti
Guest
Courtney Reagan
Steve Leisman, a CNBC reporter, dives into the consequences of the Fed's recent quarter-point interest rate cut, impacting mortgages and loans. Michael Cantopoulos discusses bond market reactions, while RJ Scringe, CEO of Rivian, shares insights on the company's challenging earnings. Chris Benatti elaborates on how AI detected significant financial issues at Super Micro. Courtney Reagan analyzes the Capri Holdings and Tapestry merger, highlighting its broader industry implications. A thought-provoking conversation on finance and technology unfolds!
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Episode notes
Fed Rate Cuts and Policy Outlook
- The Fed cut rates by a quarter point, but Chair Powell maintained a status quo policy outlook.
- This suggests more gradual cuts are coming, potentially every other meeting in 2025.
Market's Inflation Concerns
- The market's pricing for inflation, reflected in five-year break-evens, is near a one-year high.
- Chair Powell's focus on the current year-over-year inflation rate may not fully address market concerns about future inflation.
Factors Driving Bond Yields
- Higher bond yields could be driven by strong earnings growth and a healthy economy.
- A Trump administration's potentially inflationary agenda may further push yields higher.