There's really no need for the Fed to lower interest rates, says Ed Yardeni

Ed Yardeni, Yardeni Research president, joins 'Squawk Box' to discuss the latest market trends, the Fed's interest rate outlook, state of the U.S. economy, and more.

[@mesutserim1595]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

[@traviswes7082]

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire

[@chrisbluebird5037]

True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024

[@lucasanderson8993]

I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

[@chrisbluebird5037]

'Heather Lee Larioni' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment

[@lucasanderson8993]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@Seanpfree]

Record high employment because everyone earning under 100k/yr are working 2-3 jobs to eat.

[@Stoneface_]

You're not wrong

[@gooldii1]

Maga Bs.😂😂

[@gooldii1]

​@@Stoneface_he is! He is making maga Bs😂😂

[@user-pz8db3oh9y]

I don’t know anyone working two jobs at the moment. At least not two full time jobs

[@kyleolson9636]

You are wrong. Multiple job holders have made up 4.5-6.5% of the working population since the 60s, and today's rate is 5.1%. We are not seeing historically high numbers of people working multiple jobs. Social media is just focusing our attention on the outliers.

[@calledout4437]

Working??? Working my ass! Nobody can afford a house. There may be jobs but nobody can afford a damn thing!

[@unvaccinatedamerican9620]

“You will own nothing and be happy.”

[@OK-pi6fq]

No one could afford a house for the last decade

[@make_travel_play]

No one can afford to buy a house, except the hedgefunds, which is just what the 1% want.

[@awtodor]

​​@@OK-pi6fqtrue, but sky high interest rates ain't helping anyone (actual human) buy anything. It's killing anyone thinking about taking out a loan

[@DavidJSmithCT]

We all knew the Fed wasn't going to lower interest rates unless the economy collapses. Duh.

[@firstlast8258]

Too late for most 🤓 🖕

[@BobRooney290]

meh, i'm locked in at 5% for the next 5 years in CD's. not a care in the world.

[@mephik]

And anyone under 40 should be praying to EVERY God that will listen for this. The now 15 year delayed reset is why we're in this mess. The recession is a natural part of the cycle and we all out here thinking you can just pump your way out of it. it will come and the longer we pay it off, the harder it's going to hit.

[@bz-h]

Rich people always think everything is perfectly fine.

[@Patrick-yh5yd]

Biden is the President for the rich. Open the border and get low price workers and rent those apartments.

[@chupacabra3331]

There have always been rich people. Problem is we have a middle class that is barely hanging on, which hasn’t been the case in previous generations. There is barely any working lower class anymore, it’s just people living off subsidies. The rich are not the problem. What are you going to do? Tax the wealthy at 75%? Where do you think that money is going to go? Not to you. The government, the Fed and Wall Street are going to screw this country up again, not the people running businesses.

[@teebone2157]

People working 2 jobs are counted as 2 different people

[@nealwhite5602]

exactly - the average work week is thirty hours , who can live on that

[@kyleolson9636]

It is true that people with two jobs are counted twice in CES employment estimates, but the number of people working multiple jobs has only just recently reached pre-pandemic levels (the pandemic made this far less common for the past 4 years). The percentage of multiple job holders was above 6% in the 90s, and dropped to about 5% by 2020. It is once again at 5% today. That is a big increase from two years ago, but the rate has hovered between 5-5.5% for 20 years. While there was a big uptick of people with multiple jobs in the 90s, today's figures are in line with national averages going back to the 60s and 70s. It certainly isn’t skewing the CES labor statistics since current trends are well within historical norms.

[@nealwhite5602]

the average work week is thirty hours per week , that means 50 percent of the people are only working part time

[@kyleolson9636]

​@@nealwhite5602Your math is off. The average work week is 34.3 hours. Full time workers are 83% of the workforce and work 36.4 hours on average, while part time workers work 24 hours weekly.

[@nealwhite5602]

@@kyleolson9636 your brain is off - check the fed

[@chrissertich6197]

3% will be the new 2%

[@dennishubert1595]

Great video! I really do have a quick question. For someone with less than $10,000 to invest, How would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. Whats your take on this approach?

[@annamink6329]

I tried copy trading, just when I started investing last Christmas. Had a poor experience, the guy I copied made many small trades, slowly loosing money. What good came out of it was that it gave me an insight into how the market really works. Make sure you do your homework!

[@clarabekkings5505]

proper research, good analysis and luck is what you need to make profit in this constant market decline.

[@johnsonstrapsman8]

Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.

[@bellajobb655]

it's all about finding the right moment to take advantage of and generate colossal profit, which is why you need to do your research

[@CoraKennedy316]

I think I want to try out a financial advisor, but the amount of information on the internet is overwhelming. Could recommend any good one(s)?

[@Fatboylo1980]

Go higher! I love 5-6% on my money. Although I feel for borrowers. I’ve been there too

[@michaels7258]

They need to be hiking rates

[@EricaWaters-lr6zw]

In uncertain times, how can one outperform with the S&P 500? my money goal of $3m seems far-fetched and just saving is not an option, do I seek a license advisor to help grow my funds, or wait for a favorable economy? I have barely 5 years to retirement.

[@WhitneyRoss-dj4rf]

patience is your best friend here, although you can benefit from the help of advisors, especially when it comes to smart financing.

[@AshleyKeith-vw7ws]

Very correct, investing is plain-sailing using a well experienced advisor, and at first-hand experience, I've witnessed my investments compound over 280%, since Jan.2020 amid rona-outbreak, summing up nearly $1m as of today.

[@OliverLiam-px3vx]

this is huge! been a fan of asking questions like Socrates, seeking information and handling certain duties to professionals, my $ 100k portfolio has been shortened by 10% due to inflation over the years and I could really use a help at this point

[@AshleyKeith-vw7ws]

@@OliverLiam-px3vx I take guidance from ''Katherine C boone'' a renowned figure in her industry with over two decades of experience. I'd suggest you research her further on the web.

[@OliverLiam-px3vx]

@@AshleyKeith-vw7ws very much appreciated, just inputted Katherine C Boone on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal

[@jangheedavidhan6253]

Keep rates high

[@MrDonny27]

Cds are amazing

[@jangheedavidhan6253]

@@MrDonny27 yup!

[@meandshe1518]

What he meant was there IS a need for the Fed to keep interest rates high.

[@gooldii1]

Same

[@angrybrit129]

Because interest rates are how the fed gets to keep printing and robbing you

[@timothyhickcox5934]

When someone tells you the economy is great as prices keep rising and wages stay the same and at the same time spending went down… Better eat cereal for dinner…

[@sewnsew6770]

Ed Yardenis bifurcated economy idea makes sense The top 10 percent are powering the economy with their spending Bottom 80 percent are screwed unfortunately Plus have massive government spending

[@ScentlessSun]

I think there’s some wisdom to what the guest was saying. They have turned a lot of knobs lately on the economy. They need to see how the music sounds.

[@markwiegard8384]

I don’t disagree with interest rates higher which means assets have to appraise lower to justify payments. When are our appraised values going to fall?

[@din3832]

Never.... they will print more... buy bitcoin

[@Theresaa12]

I'm thinking of reviewing the allocations in my $600K portfolio, especially in light of the current halt in interest rate hikes. I've diversified into renewable energy and IT stocks. They look good, but I'm not sure.

[@judynewsom1902]

It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.

[@Debbie.Burton]

Precise asset allocation is essential; some people employ hedging techniques or devote a portion of their portfolio to defensive assets in case of market downturns. Guidance from experts is essential to accomplish this. I have been financially comfortable for more than five years thanks to this strategy, which has produced investment returns of around $1 million.

[@EverlyndPerez]

Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1M in returns on investments.

[@BenTodd-fl8nv]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@A_francis]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@ecsyntric]

amen. freeze or raise interest rates. inflation is still high

[@invisiblesun6595]

Lowering interest rates now would be the death knell of the economy. Rates stayed far too low for far too long. Wouldn't be surprised in the least if interest rates stay in this zone for the next 5-10 years. Wouldn't complain if they did, either.

[@markwiegard8384]

Amazing, public spending is spending tax dollars which means the economy is artificially propped up. This isn’t good, it’s a bandaid. Without businesses growing and hiring the economy is bricks stacked without mortar waiting for an earthquake

[@AnimationZoneHindi]

Any idea of fed result

[@nightknight9415]

Ed is exactly correct, leave interest rates where they are & let fools_in_debt whine while the rest of us collect compounded interest.

[@jf13579]

Joe is brutal

[@protrev732]

Did bro just say the economy is doing well? What country has he been in?

[@rhonda9226]

Another economist out-of-touch with what's really happening in the economy. There are more part-time jobs, sure, but fewer people employed. Interest rate sensitive sectors like housing and autos are in recession, but all they look at are the GDP numbers which are being juiced up by $1 Trillion in new borrowing every 100 days.

[@nealwhite5602]

the average work week is thirty hours so yeah , who can live on thirty hours a week

[@georgeorwell7291]

Cardealersips beg to differ.... Maybe when GM goes broke rates will be lowered

[@magnang]

They could always make cheaper cars.. if their plan was to build 70K vehicles and have people finance at 9% their volume deserves to drop

[@domwlokosky3171]

These ppl are so out of tune with reality anywhere you look its DEPRESSION no clue how they able to keep these numbers fluffed up for so long

[@7477238]

Yeah how long can they keep this market propped up with sticks? Jobs are at an all time high? Part time jobs maybe but big cuts have been made to large cap companies so imagine what happens on mid cap companies.

[@vijjreddy]

NEED FOR WHO? GOVT NEEDS IT AS IT PAYS HUGE INTEREST NOW. HOUSE BUYERS NEED IT AS PRESENT INTEREST RATES PLUS PRESENT HIGH HOUSE PRICES MAKES HOUSES UNAFFORDABLE - SO THERE IS EVERY NEED...

[@ltrenum]

Ed’s a smart guy

[@rickhayes-oh2zm]

like zimbabwe right ed

[@jimbrown9046]

Rent high , credit card bills high , fuel high and real estate high this economy is trash

[@gooldii1]

Maga bs😂😂

[@din3832]

wait until they turn on the money printer again! buy bitcoin while you can.... even blackrock is not hiding its cards anymore....

[@firstlast8258]

​@@gooldii1nope 🤓🖕

[@Dark_Asteroid]

Economy is strong 💪

[@willtwain1383]

Bidenomics has been handled to perfection, much to Kernen's chagrin.

[@missouri6014]

Wow, Joe’s leading question about the chips act did not get the answer that he was trying to lead to Plus, Joe, the interviewer still lives in the past, always bring it up the stimulus from several years ago He would be better suited to be on Fox News rather than trying to get real answers without an agenda

[@scootertooter6874]

He has an agenda...he is a LEFTIST-- like the rest of the Sniffy McBiden supporters on CNBC...they could care less how the economy is going, as long as they can pin it on anyone other than their growth-killing, LOSING LEFTIST/Neo-MARXIST policies...The idiots on CNBC are largely LEFTIST shills.

[@RossiPopa]

Expectations for 2024 is that markets starts to broaden out more, with the rates cut holding steady, i have a couple of questions....can I safely invest $320k in the markets? What should I do differently?

[@RichardMoore-jg5tl]

Over time? stocks! Though the Fed's activities with regard to rates should worry investors, small-cap stocks are set to fare better this year. The best small-cap stocks to place yourself in should be investigated or you get yourself an investment advisor

[@RusuSilva]

Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1M in returns on investments.

[@FusunTumsavas-cq7tp]

What steps can I take to engage in this opportunity? I genuinely aim to secure my financial future and am enthusiastic about taking part.

[@RusuSilva]

Karen Leigh Owens is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@FusunTumsavas-cq7tp]

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@Alpharizzchad]

What has AI told them to do. Hal

[@dimitaryordanov3588]

The Fed must increase the interest rate in order to reduce inflation.

[@Rob_G716]

1 trillion every 95 and this is the best we can get ?

[@chri6393]

High rates are driving inflation. Increased borrowing costs, and decreased lending for supply creation, and increased risk free income for the wealthy are all inflationary

[@nealwhite5602]

inflation is caused by the government printing money - high prices high interest rates are a result of inflation .

[@scottcarlson2294]

Is this satire lol..economy is great 😂😂😂😂😂😂😂

[@M1Fortunes]

Everyone in America took a 20% pay cut when the stimulus payments began to hit the economy. No one was spared.

[@michaels7258]

Monetary policy way before that drove the inflation.

[@dreadfuldonkey]

They have to cut or more banks will collapse, Banks want to make money yet people can’t or don’t want a loan. What will make people buy. This guy is lost

[@Seanpfree]

Keeping rates high means the working middle and lower class will never be home owners.

[@nealwhite5602]

rates are not high , rates are historically low

[@NoGoodHandlesComingToMind]

Rates will bring list prices down and you'll be 100% fine. Just stick out the latency between now and the correction and you'll be fine.

[@kyleolson9636]

High rates are not lowering home ownership rates. Home ownership was at 66% in 1980 (same as today) with 14% mortgage rates. Home ownership is hurting because we aren't building enough homes in total, and not enough starter homes specifically. In 1980 40% of newly built homes were considered starter homes. Today, they are 7% of new homes. In the 80s we built 12.1 million homes. In the 2010s we built 6.9 million. That is why home prices have skyrocketed. That plus the fact land value has risen 6x faster than inflation over the past 40 years. That is a 4.5% inflation adjusted yearly increase. Even if we were building more starter homes they would still be more expensive just because they aren't making more land.

[@majinmorbid77]

BCAN IS ABOUT TO JUMP UP 400%

[@PeterSedesse]

The Feds first priority is to keep inflation at 2%. If they are not at 2%, then there will be no rate cuts. The role of the Fed is not to do what the stock market wants, it is to get inflation to 2%.

[@nealwhite5602]

the fed mandate is for price stability and employment - so price stability is zero inflation , not two percent

[@Alpharizzchad]

The new normal is 3+% get use to it.

[@nealwhite5602]

😅😅😅

[@kyleolson9636]

Price stability means no major fluctuations, not no movement at all. The 2% target was chosen to give governments more room to fight recessions without causing deflation. The inflation target was 1% in the 80s and 90s, but the Japenese deflation of the 90s caused the target to increase to 1.5% in the early 2000s. The 2008 recession then caused consensus to shift to a 2% target. The future could bring that target up to 2.5%, or lower it to 1.5%. Who knows for sure? Economists are constantly learning as we fight each recession.

[@nealwhite5602]

@@kyleolson9636 price stability means zero inflation , thats price stability , not 2 percent - the fed has never explained there 2 percent target and neither have you

[@chubbysean]

FED is waiting economy to collapse enjoying economic numbers..

[@crismonicahernandez6327]

This old guy is full of crap. He obviously isn’t able to say the truth, or he’s delusional. Imagine if he told the truth, it would terrify most people about what’s coming at the end of this year.

[@GaryTruesdale]

Duh

[@mikeshaunnessey9303]

Where are you getting 34 Trillion in debt? Fed balance sheet shows less than 8.

[@delxinogaming6046]

Wait.. Joe didn’t begin and end every sentence with “woke!” GREAT segment.

[@user-go9bc3et2n]

50% interest is better for the sheep.

[@MuscleJoy]

Economy is a disaster we need Trump back in the office now

[@rickhayes-oh2zm]

comedy act

[@MrIgz-ru2eg]

That old guy from SQUAWK trying to do the interviewing is horrible! He needs to be replaced.

[@rickhayes-oh2zm]

this guy is on acid

[@bhunts4]

Another economist who explains the economy is doing very well the numbers don't lie. Unemployment is at an all-time low GDP is growing. The job market is increasing. The Fed has done a fantastic job. Stock market will continue to break records. There is no recession in sight keep investing.

[@teebone2157]

You see how people are living ?

[@dmpk9716]

What do you think about the yield curve? It is still inverted and when it becomes positive it is always recession time. What do you think is different this time? Remember that the bond market is the smart money and insider information money. From that alone I believe the recession is inevitable. Maybe artificially delayed until after the election.

[@bhunts4]

I'm not sure where people live but where I live everyone is prospering. Wages are at all-time highs. Retirement savings are at all time highs. No one's losing their job. Businesses are thriving. UPS FedEx in Amazon trucks are everywhere. I can only speak of where I live and I don't know anyone who lost their job. People make more money today than ever God bless

[@nealwhite5602]

you must live in a bubble 😅

[@bhunts4]

Yes sir it's called reality. Good luck to all. Let's make some money. Stock market will continue to rise. This is a financial channel. It's about investing not social issues. Politics aside you can't deny the stock market.

[@donniek8102]

Fox News Joe at it again...my god, show any potential value as a host of a 'business' show! Your agenda is so transparent...retire already!