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September May Bring Rate Cut, Says Former Dallas Fed President Robert Kaplan: 'I Think There's A Good Chance...'
Wednesday, July 17, 2024 - 10:46pm | 535Robert Kaplan, the former president of the Federal Reserve’s Dallas branch, in light of recent progress on inflation, predicts a potential interest rate cut in September. However, he does not anticipate this to mark the beginning of a full-fledged rate-cut cycle. What Happened: Kaplan, who is...
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Elizabeth Warren Slams Fed Chair Jerome Powell On Tackling Violation Of Bank's Insider Trading Policy: 'Allowed A Culture Of Corruption' (UPDATED)
Thursday, June 13, 2024 - 9:09pm | 673Editor’s note: This story has been updated to fix a minor typo in the fourth paragraph. Sen. Elizabeth Warren (D-Mass.) has criticized Federal Reserve Chair Jerome Powell for the “long-delayed ethics policy” at the U.S. Central Bank, which she claims “doesn’t fix a...
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Trump In Trouble After Memorial Day Post Defaming Judge, E. Jean Carroll? Author's Attorney Says 'All Options Are On The Table'
Tuesday, May 28, 2024 - 6:07am | 527Donald Trump threw caution to the winds and trashed the judge who oversaw the E. Jean Carroll sexual assault and civil defamation case in a Truth Social post as part of his Memorial Day message on Monday. Roberta Kaplan, who represented Carroll in the case, reportedly said in a statement that they...
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'We're Buying This Soft Landing': Former Fed Governor Blames Government Spending For Delaying Rate Cuts
Tuesday, April 23, 2024 - 4:47pm | 713Former Dallas Fed President Robert Kaplan offered a stern critique of current U.S. fiscal policies, suggesting that they are hampering the Federal Reserve’s ability to lower interest rates amidst ongoing economic pressures. In exclusive interview with Market News (MNI), Kaplan highlighted...
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Former Dallas Fed President Foresees 'Good Possibility' Of US Avoiding Recession in 2024, Similar to 2023
Wednesday, December 27, 2023 - 3:24am | 576Despite looming recession predictions for 2023, the U.S. economy is set to remain strong in 2024, according to Robert Kaplan, former president of the Dallas Federal Reserve. What Happened: Talking to CNBC on Tuesday, Kaplan expressed a positive outlook on the U.S. economy. “I think there is a...
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Former Dallas Fed President Robert Kaplan Explains Why The Central Bank Needs To Pause Rate Hikes
Wednesday, May 3, 2023 - 1:24am | 497Former Federal Reserve Bank of Dallas President Robert Kaplan reportedly said the central bank should pause interest rate hikes as he believes the economy is in the early stages of the banking turmoil and credit issues are about to commence. What Happened: "I do think they should pause for a few...
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Junk Bond Fund Outflow: Cause For Concern?
Friday, March 15, 2019 - 7:55am | 675After a fairly strong start to 2019, the high-yield bond market has struggled so far in March. CCC-rated “junk” bonds declined for three consecutive days in early March for the first time this year, and Lipper recently reported U.S. retail investors withdrew $1.9 billion from high-yield...
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The Multi-Billion Dollar Gold Trade Confusing The Market
Monday, August 28, 2017 - 9:12am | 317A sudden surge of volume in gold on Friday was seen in the corresponding exchange traded index SPDR Gold Trust (ETF) (NYSE: GLD) and caught many investors by surprise, Bloomberg reported. Shortly after 9:30 a.m. Friday, approximately 2 million ounces of gold were traded, which carries a value of...
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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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Donald Trump Could Impact The U.S. Economy Even Before The Election
Thursday, May 12, 2016 - 4:31pm | 339The latest Reuters/Ipsos poll of likely U.S. voters showed Donald Trump has surged in popularity and is now running nearly even with rival Hillary Clinton. While many investors dismiss the idea that Trump's extreme rhetoric involving the deportation of 11 million illegal workers and/or...
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Dallas Fed President Says 'Brexit' Vote A Factor In Rate Decision
Friday, April 29, 2016 - 11:55am | 237Voters in the United Kingdom will take to the polls on June 23 and vote on the "Brexit" question and decide if the United Kingdom will withdraw from the European Union. Meanwhile, the Federal Reserve will gather on June 15 to decide on a potential interest rate change. What does one...
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Getting The U.S. Economy In Order with David Steinberg and Robert Kaplan
Monday, April 29, 2013 - 10:22am | 595The United States is facing challenges with growth and tightening austerity measures can strike uncertainty into the hearts of many. The country is changing how it handles its money, and sequestration was only the beginning. David Steinberg, founder of DLS Capital Management, and Robert Kaplan,...