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US Futures Point To Lackluster Start As Fed Official Kashkari's Hawkish Comments Aggravate Rate Hike Fears
Wednesday, August 24, 2022 - 7:14am | 729U.S. index futures are flatlining on Wednesday following three straight sessions of clocking losses. On Tuesday, the major averages closed lower as investors digested some weak Main Street data and an oil rally that took the commodity to near a 2-week high. The market opened slightly lower and...
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Stock Market Rally Continues Despite Repeated Fed Rate Hike Warnings
Wednesday, August 3, 2022 - 3:14pm | 626The SPDR S&P 500 ETF Trust (NYSE: SPY) has rallied 3.2% in the past five days as investors seem to be taking an increasingly bullish tone toward the health of the U.S. economy, particularly on the inflation front. However, hawkish remarks from Federal Reserve officials this week suggest...
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Jim Cramer Takes Bullish Stance On Crypto: 'You Can't Fight It'
Wednesday, August 18, 2021 - 11:26am | 304Minneapolis Federal Reserve president Neel Kashkari took a bearish stance on crypto Tuesday when he said cryptocurrency is mainly fraud, hype, noise and confusion. Jim Cramer expressed an opposing view Wednesday on CNBC's "Squawk On The Street." The Coinbase Global Inc...
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Doves And Hawks Of The Fed
Tuesday, August 8, 2017 - 3:58pm | 770A look at the economic calendar of the week shows that a host of Fed officials are scheduled to make public appearances this week. Fed speeches are market-moving economic events, given that they give clues to the monetary policy outlook. On Monday, St. Louis Federal Reserve President James Bullard...
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The Fed's Mixed Feelings On Rate Hikes
Friday, July 15, 2016 - 11:08am | 401The U.S. Federal Reserve would prefer to be predictable. However, when global markets are unpredictable, the Fed is left with no choice but to be unpredictable. When the Fed raised interest rates back in December, it’s likely that the members had planned a very predictable and steady rate...
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To Raise Or Not To Raise Rates: A Tale Of 2 Fed Reserve Presidents
Wednesday, July 13, 2016 - 12:18pm | 307Should the Federal Reserve raise interest rates any time soon? Many investors are assuming that a rate hike in the near term is no longer feasible, but the topic is still heavily debated among Fed members themselves. The Hawk: Cleveland Fed President Loretta Mester The Federal Reserve's Cleveland...
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Kashkari: 'Too Big To Fail' Still Exists, We Need To Follow This Once And For All
Wednesday, April 6, 2016 - 6:50am | 279Speaking on CNBC, Minneapolis Fed President Neel Kashkari said that American people should not have a false sense of security that "too big to fail" can't happen again. He believes some of that risk remains and he thinks that it is necessary to consider more transformational...
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Remember When This Fed Official Said To Break Up The Big Banks?
Monday, March 21, 2016 - 2:26pm | 877Last month, Federal Reserve Bank of Minneapolis president Neel Kashkari spoke regarding the FOMC and the Federal Reserve System, offering a personal assessment of the "too big to fail" banking crisis. In 2010, Kashkari was an adamant supporter of financial reform. At the time, despite his desires...
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No Fate But What We Make
Wednesday, October 12, 2011 - 12:33pm | 868Neel Kashkari, who was the Interim Assistant Secretary of the Treasury for Financial Stability, and is now managing director and head of global equities at PIMCO, had an op-ed this morning on the company website that was pretty bleak in its assessment of the U.S. fiscal house, and the government's...
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Neel Kashkari On the Ireland, the EU, and GM
Wednesday, November 17, 2010 - 6:09pm | 222Neel Kashkari, head of new investment initiative at PIMCO and former assistant to the Treasury, appeared as a guest host on Bloomberg Television's "InBusiness with Margaret Brennan" this morning. Kashkari discussed his thoughts on the resounding success of the GM bailout. Notably, he spoke about...
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PIMCO Launches Actively Managed Equity Fund
Wednesday, April 14, 2010 - 6:24pm | 138PIMCO has announced the launch of its first actively managed equity mutual fund. The fund has been named PIMCO EqS Pathfinder Fund. PIMCO is trying to diversify beyond its fixed income portfolio. PIMCO operates the world’s largest bond fund, and manages more than $1 trillion in assets. According to...