SoraMacro Briefs

Fed's Hammack says 'now is the time to act' on raising interest rates

Fed's Hammack says 'now is the time to act' on raising interest rates

Fed Chair Warsh Has Challenges Ahead in Jackson Hole

Bloomberg's Lisa Abramowicz is in Jackson Hole, Wyoming ahead of the Federal Reserve's annual gathering. Fed Chair Kevin Warsh delivers his highly anticipated speech Friday morning.

Former Fed Gov. Stephen Miran: It'd be 'weird' to hike rates in light of better inflation data

Stephen Miran, Hudson Bay Capital senior strategist and former Fed governor and CEA chair, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, rate path outlook, his thoughts on Fed Chairman Kevin Warsh, and more.

Kansas City Fed's Schmid says inflation 'stubborn' and 'sticky,' policy rate not restrictive

Kansas City Fed President Jeffrey Schmid said Thursday that inflation has been "stubborn" and "sticky" though he did not commit to supporting an interest rate hike. However, he said he doesn't see the current level of rates being restrictive on the economy.

Strattec Security: Auto Industry Prospects Will Likely Dominate (Downgrade)

Strattec Security Corporation faces significant macro headwinds from persistent high oil prices and a weakening auto industry outlook. Auto industry forecasts are deteriorating, and management's cost-cutting efforts may only offset declines, not drive growth. Management's automation and new product initiatives are unlikely to overcome industry-wide demand challenges.

Bond jitters, AI demand and tariff threats. Inside the new darling of the hard-asset trade: copper.

Copper just hit a fresh record, while one ETF tracking the metal is up nearly 20% in August and on pace for its best month on record.

Zandi: AI Drives at Least 25% of Growth

Mark Zandi, Chief Economist at Moody's Analytics, says Nvidia is a “juggernaut” and that AI accounts for at least a quarter of economic growth. Zandi thinks AI is already supporting the demand side of the economy and adding modestly to inflation, but clear productivity gains have not yet appeared.

Fed's Schmid Talks Policy, Inflation, Credibility, Communication

Federal Reserve Bank of Kansas City President Jeff Schmid said monetary policy may be accommodative rather than restrictive, citing underlying demand pressures that could justify a rate hike as soon as September 16. Schmid rejected the idea that the October 28 meeting is off the table due to the midterm election.

Nasdaq futures surge 300 points: 5 things to know before Wall Street opens

US stock futures rose on Thursday as Nvidia's blockbuster outlook reignited the AI trade, pushing Nasdaq 100 futures up about 1% and lifting semiconductor and software shares across global markets. Nvidia jumped more than 7% before the bell after projecting roughly 70% revenue growth in fiscal 2028, far above Wall Street expectations.

Fed's Warsh faces challenge whether inflation is a problem or not

U.S. auto prices rose at a roughly 5% annualized pace in July, housing and utility costs increased at more than a 3.5% rate, and recreational goods prices soared by a double-digit ​pace as households swallowed a 3.7% jump in the cost of living, nearly double what the Federal Reserve has promised.

Jackson Hole is Warsh's chance to win over his Fed colleagues — and investors

New Federal Reserve Chairman Kevin Warsh has yet to earn the trust of his central-bank colleagues or financial-market participants who remain wary of his approach to curbing inflation and his ties to the White House.

Kevin Warsh Has to Pick a Side in the Bond-Market Battle

Plus, Nvidia's commitments and a prolonged Canada trade dispute.