Ken Griffin says the Fed hasn’t done enough, must continue on its path to adjust inflation expectations

Ken Griffin, the founder and CEO of Citadel, believes the Federal Reserve has more work to do to drive down inflation, even after a series of large rate hikes. “We need to continue down that path to ensure we re-anchor inflation expectations,” Griffin said Wednesday at CNBC’s Delivering Alpha Investor Summit in New York City. … Read more

Stanley Druckenmiller sees ‘hard landing’ in 2023 with possible deeper recession than many expect

Billionaire investor Stanley Druckenmiller believes the Federal Reserve’s attempt to quickly resolve the excesses it has built up over a decade with accommodative monetary policy will not end well for the US economy. “Our pivotal case is a hard landing towards the end of ’23,” Druckenmiller said Wednesday at CNBC’s Delivering Alpha Investor Summit in … Read more

From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in … Read more

Palantir CEO Alex Karp says a tidal wave of macroeconomic risks will wipe out some companies

Palantir CEO Alex Karp arrives ahead of a “Tech For Good” meeting held at the Hotel Marigny in Paris on May 15, 2019, to discuss good behavior for tech giants. Bertrand Guay | AFP | Getty Images Palantir CEO and co-founder Alex Karp believes this period of “deadly” macroeconomic uncertainties will crush many companies with … Read more

Fed must raise interest rates by 150 basis points: Wells Fargo

It’s a move that would likely cause panic on Wall Street. But Michael Schumacher of Wells Fargo Securities suggests the Federal Reserve is raising interest rates too slowly, telling CNBC’s “Fast Money” that he would seriously consider a 150 basis point hike this week if he were chairman Jerome Powell. “The Fed knows the destination. … Read more

BofA predicts downcycle merger outbreak

Mergers in software are about to break out. Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at lower prices due to the economic downturn. related news about investing Ray Dalio says higher interest rates to curb inflation could drive stock prices down 20% … Read more

Wall Street resumes decline, World Bank warns of global recession, Australian dollar dips below 67 cents

US equities resumed their sell-off overnight as new economic data rekindled fears of stronger interest rate hikes by the US central bank, and the World Bank warned of a global recession. Most important points: The Dow Jones index fell 0.6 percent to 30,962, the S&P 500 lost 1.1 percent to 3,901 and the Nasdaq Composite … Read more

Cathie Wood’s contrarian call for deflation is backed by Elon Musk, Jeffrey Gundlach

Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 conference at the Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images Cathie Wood, Wall Street’s most vocal proponent of deflation, is gaining a few prominent supporters even as … Read more

Inflation ‘collapse’ will lead to big stock market gains: Credit Suisse

Credit Suisse expects the Federal Reserve to halt rate hikes earlier than widely expected due to falling inflation. According to the company’s chief US equity strategist, it will launch a powerful market breakout. related investing news Bank of America warns investors are ignoring the dangers of ‘synchronized’ policy tightening “This is basically what’s broadly priced … Read more

Goldman Sachs snatches ‘free coffee’ perk as bankers return to five-day week

It’s time for Goldman Sachs bankers to wake up and smell the coffee — and pay for it, too. When workers walked into the headquarters of the Wall Street giant in lower Manhattan for a mandatory return to a five-day work week last Tuesday, they received an unwelcome surprise: The station with “free coffee” had … Read more