On the eve of the Federal Reserve's two-day policy meeting, Wall Street forecaster Jim Bianco believes the central bank will likely stay on hold until next year.
"I'm in the camp that the Fed does not change policy in the summer of an election year," the Bianco Research president told CNBC's"" on Monday."If they don't pull the trigger by June, then it's November December at the earliest — only if the data warrants it. And, right now, the data isn't warranting it.""The economy is too strong right now," said Bianco."It's in a no landing phase as we like to call it.
CrowdStrike CEO on why his company is partnering with Nvidia: ‘We've got the data, they've got the power and the software'at around 3%," he said."That's not 2, and the Fed has made it very clear that they need confidence for going to 2. And, we're not getting that."He still believes the backdrop will keep the yield trending higher.r, we were throwing up 3% growth rates in the economy, and it was able to handle that level of interest rates just fine.
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