19 min listen
Powell signals rates to stay higher for longer
Powell signals rates to stay higher for longer
ratings:
Length:
23 minutes
Released:
May 15, 2024
Format:
Podcast episode
Description
U.S. producer prices come in hotter than expected ahead of today’s CPI data. Federal Reserve Chairman Jerome Powell says that rates will have to remain elevated for longer. Magnificent 7 stocks help push the Nasdaq to a new record high. Alphabet CEO Sundar Pichai tells CNBC colleagues Stateside that A.I. still has a lot of momentum for the company. U.S. President Joe Biden slaps China with $18bn of new tariffs, targeting EVs, solar cells and steel. We hear exclusively from the U.S. ambassador to the European Union, Mark Gitenstein, who says Biden is sending a clear message to Beijing. And Swiss eyecare group Alcon posts a record profit for the first quarter with CEO David Endicott telling CNBC the company maintains a robust pipeline. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
May 15, 2024
Format:
Podcast episode
Titles in the series (100)
SQUAWK BOX, THURSDAY 21ST MARCH, 2019 by Squawk Box Europe Express