Markets cut early losses, but banks buck trend and drop sharply скачать в хорошем качестве

Markets cut early losses, but banks buck trend and drop sharply

Financials drag down the markets. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Brian Kelly and Dan Nathan. For more than a decade, the Federal Reserve and other central banks have tried and failed to generate the kind of inflation officials see as characteristic of a growing economy. That could be about to change. Though the near-term trend is clearly lower, a brew of unprecedented fiscal and monetary support, a recoil against growing economic inequality and a burgeoning national debt will produce substantial inflation over the next few years, according to economists at Morgan Stanley and elsewhere on Wall Street. “The forces that will bring about inflation are aligning,” Chetan Ahya, chief economist at Morgan Stanley, said in a note. “We see the threat of inflation emerging from 2022 and think that inflation will be higher and overshoot the central banks’ targets in this cycle. This poses a new risk to the business cycle, and future expansions could also be shorter.” The Fed specifically has set its target for inflation at 2% and has used a variety of strategies to get there. Other central banks aren’t as specific as the U.S. policymakers but generally consider a modest level as helpful to boost the standard of living and keep the economy on an expansionary tract. Ahya thinks that the policy response around the world will be conducive to boosting inflation but sees the biggest impact in the U.S. when compared with the actions of the European Central Bank, Bank of England and Bank of Japan. However, he said the actual rise may overshoot central banks’ targets and have a longer-term negative jolt to growth. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2JdMwO7 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC #CNBC TV