CNBC’s Gumede: Economy Looks Worse than Fed Would Like, Markets Will Struggle until Inflation’s Controlled
October 1, 2022 11:33 am
Tags: arabile, Arabile Gumede, Breitbart, Clips, cnbc’s, controlled, Economy, Fed, federal, Federal Reserve, gumede, inflation, inflation’s, joshwho, like, looks’, market, Markets, News, Politics, reserve, stock, stock market, struggle, than, until, will, worse”, would
Categories: Arabile Gumede Breitbart News Clips Economy Federal Reserve inflation JoshWho News Politics stock market
On Friday’s broadcast of MSNBC’s “Way Too Early,” CNBC International Financial Journalist Arabile Gumede said that we can expect markets to have difficulties until inflation is controlled and that the economy doesn’t look as good as central banks would like.
Host Jonathan Lemire asked, “With more rate hikes possible — likely from the Fed, should we expect the markets writ large to continue to struggle?”
Gumede responded, “Yeah, certainly, until we get inflation under control will certainly be the question [mark] around how the market sort of reacts to that. The negativity is certainly going to be a key impact. Also, economic data will certainly prove itself to be very important and significant to where exactly the market goes, right? So, there is a sense of recovery coming back into the markets somewhat, having seen that broad selloff, as you know, yesterday, major indices dropping off, with the S&P hitting its lowest level since November 2020. As you noted, the S&P and the NASDAQ even saw their worst day since September 13, actually. So, around two weeks or so in terms of the volume of dropoff there. So, it does give you a sense then of how things are looking quite nervous at this point in time. But with inflation still at the high levels it is, the economy certainly not looking as bright as…the central bank would like it to be, you certainly are going to see quite a bit of nervousness trading in that market picture. But, will that selloff continue? It will be fully dependent on the measures taken from here from the central banks.”
Follow Ian Hanchett on Twitter @IanHanchett
- UK Summons Chinese Ambassador Over Beating Of BBC Journalist December 2, 2022
- November Payrolls Preview: A Miss Will Be Good For Stocks But A Huge Miss Means Recession December 2, 2022
- America To Unveil World’s First Sixth-Generation Bomber Friday December 1, 2022
- Why Is Booz Allen Renting Us Back Our Own National Parks? December 1, 2022
- Congress Adds $45 Billion To 2023 Military Budget December 1, 2022
- San Francisco Approves Lethal Police Robots After ‘Unhinged’ Board Of Supervisors Hearing December 1, 2022
- White House “Isn’t Taking A Side” On Cause Of Anti-Lockdown Protests In China December 1, 2022
- Lava Flows From Mauna Loa Volcano Could Reach Major Hawaii Highway “In Days” December 1, 2022
- This Is Of Course Insane December 1, 2022
- Here Are The Best And Worst Performing Assets In November And YTD December 1, 2022
- Railroaders Say Morale, Quality-Of-Life At All-Time Low December 1, 2022
- GOP Senators Say They Will Block Military Funding Unless Vaccine Mandate Scrapped December 1, 2022
- Court Rejects Joe Biden Push to Remove Block on Student Debt Transfer Program December 1, 2022
- Continuing Jobless Claims Hit 10-Month Highs As Layoffs Exploded In November December 1, 2022
- Schiff: Fed Soft Pivot In Play; Markets Ignore Powell’s Hawkish Talk December 1, 2022
- Fed’s Favorite Inflation Signal Dips (Holds Near 40 Year Highs) As Savings Rate Crashed December 1, 2022
- EU Threatens to Ban Twitter Over Elon Musk’s Free Speech Plans December 1, 2022
- Biden Admin Pledges $53 Million To Help Restore Ukraine’s Damaged Power Grid December 1, 2022
- EU Threatens Musk With Twitter Ban Over Content Moderation December 1, 2022
- ‘Operation Pelican’: Details Of UK’s Secret Op To Seize Assange Revealed December 1, 2022
- Not Acxiom (unverified) - 51,730,831 breached accounts November 22, 2022In 2020, a corpus of data containing almost a quarter of a billion records spanning over 400 different fields was misattributed to database marketing company Acxiom and subsequently circulated within the hacking community. On review, Acxiom concluded that "the claims are indeed false and that the data, which has been readily available across multiple environments, […]
- GGCorp - 2,376,330 breached accounts November 8, 2022In August 2022, the MMORPG website GGCorp suffered a data breach that exposed almost 2.4M unique email addresses. The data also included IP addresses, usernames and MD5 password hashes.
- Lolzteam - 398,011 breached accounts November 6, 2022In May 2018, the Russian hacking forum Lolzteam suffered a data breach that exposed 400k members. The impacted data included usernames and email addresses which were later redistributed via another hacking forum. The data was provided to HIBP by a source who requested it be attributed to "ZAN @ BF".
- Doomworld - 34,478 breached accounts October 24, 2022In October 2022, the Doomworld fourm suffered a data breach that exposed 34k member records. The data included email and IP addresses, usernames and bcrypt password hashes.
- E-Pal - 108,887 breached accounts October 24, 2022In October 2022, the service dedicated to finding friends on Discord known as E-Pal disclosed a data breach. The compromised data included over 100k unique email addresses and usernames spanning approximately 1M orders. The data was subsequently distributed via a popular hacking forum.
- Wakanim - 6,706,951 breached accounts October 6, 2022In August 2022, the European streaming service Wakanim suffered a data breach which was subsequently advertised and sold on a popular hacking forum. The breach exposed 6.7M customer records including email, IP and physical addresses, names and usernames.
- Bhinneka - 1,274,340 breached accounts October 6, 2022In early 2020, the Indonesian consumer electronics website Bhinneka suffered a data breach that exposed almost 1.3M customer records. The data included email and physical addresses, names, genders, dates of birth, phone numbers and salted password hashes.
- TAP Air Portugal - 5,067,990 breached accounts September 23, 2022In August 2022, the Portuguese airline TAP Air Portugal was the target of a ransomware attack perpetrated by the Ragnar Locker gang who later leaked the compromised data via a public dark web site. Over 5M unique email addresses were exposed alongside other personal data including names, genders, DoBs, phone numbers and physical addresses.
- Brand New Tube - 349,627 breached accounts September 8, 2022In August 2022, the streaming website Brand New Tube suffered a data breach that exposed the personal information of almost 350k subscribers. The impacted data included email and IP addresses, usernames, genders, passwords stored as unsalted SHA-1 hashes and private messages.
- START - 7,455,386 breached accounts August 30, 2022In August 2022, news broke of an attack against the Russian streaming service "START". The incident led to the exposure of 44M records containing 7.4M unique email addresses. The impacted data also included the subscriber's country and password hash. START subsequently acknowledged the incident in a Telegram post and stated that the data dated back […]