eligers colleaguesU.S. economist Michael Gapen, rates strategist Mark Cabana, and FX strategist Alex Cohenwrote: In our view, the main message from the July FOMC meeting is that the Fed is getting closer to a rate cut, but needs more evidence that inflation is under control before it does.
Date: Aug 02, 2024
Category: Business
Source: Google
Stock market today: Stock rally takes a breather ahead of key jobs report
"The May payrolls print is likely to show a healthy but better-balanced labor market," Bank of America US economist Michael Gapen wrote in a research note previewing the release. "Also, the report will likely provide evidence that the 'catch-up' effect in hiring is fading."
Date: Jun 06, 2024
Category: Business
Source: Google
Stock market news today: US stocks keep grip on highs, looking to build on 7-week rally
"Previously we had the Fed easing by 75 basis points (bp) in 2024 with quarterly 25 basis point cuts beginning in June," Bank of America US economist Michael Gapen wrote in a new note. "We now look for four-25bp cuts in March, June, September, and December, or 100bp of cuts for the year."
Date: Dec 18, 2023
Category: Business
Source: Google
Federal Reserve and the markets in standoff on rate hikes
The way the market looks at this is obviously the more youre downshifting, the more youre likely closer to finishing rate hikes, said Michael Gapen, chief U.S. economist at Bank of America. The more you spread out hikes, the less likely you are to get some of them, he added, because the econom
Date: Jan 24, 2023
Category: Business
Source: Google
Inflation Expectations Begin To Fall As Consumer Sentiment Rises In September - CME Group (NASDAQ:CME), SPDR S&P 500 (ARCA:SPY)
Bank of America economist Michael Gapen projectedthe Fed will raise rates by a total of 1.75% between now and February 2023, which would bring the fed funds target rate range to a high of between4% and 4.25%.
Date: Sep 16, 2022
Category: Business
Source: Google
Get ready for the worst unemployment reading since the Great Depression: Morning Brief
As states continue to ease stay-at-home requirements, we expect the economy will transition from a surge in layoffs to re-employment, said Michael Gapen, an economist at Barclays in a note to clients on Thursday.
Date: Jun 05, 2020
Category: Business
Source: Google
US GDP could be down 45% this quarter, but then do something very unexpected: economist
45% in the second quarter [GDP], and then we have it up 35% in the third quarter and then 10% in the fourth quarter. For the year as a whole though, that would mean the economy is down around 6.4% or 6.5%, said Barclays chief U.S. economist Michael Gapen on Yahoo Finances The First Trade.
When you look globally, there are some tentative signs that the global manufacturing slowdown is bottoming out, Michael Gapen, chief United States economist for Barclays, said. But it may take the U.S. manufacturing sector a little longer than the rest of the world to stabilize.
Date: Dec 06, 2019
Category: Business
Source: Google
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