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WXS

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- WXSWXS
  ·2023-03-09
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  Asana Beat Expectations As Q4 Customer Revenue Jumps
  Asana Inc (NYSE:ASAN) beat expectations for fourth-quarter revenue as revenue from customers surged.
  Asana Beat Expectations As Q4 Customer Revenue Jumps
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- WXSWXS
  ·2023-03-09
  👍🏻
  Peloton, iFit Hit With US Import Ban Over Streaming Technology
  March 8 (Reuters) - The U.S. International Trade Commission on Wednesday banned imports of video-str
  Peloton, iFit Hit With US Import Ban Over Streaming Technology
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- WXSWXS
  ·2023-03-09
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  Sorry, this post has been deleted
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- WXSWXS
  ·2022-12-09
  $IFAST CORPORATION LTD.(AIY.SI)$
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- WXSWXS
  ·2022-11-22
  $SINGAPORE AIRLINES LTD(C6L.SI)$
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- WXSWXS
  ·2022-11-16
  $Invesco QQQ Trust(QQQ)$
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- WXSWXS
  ·2022-11-16
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  What If the Fed’s Own Forecasts Are Wrong?
  The Federal Reserve’s summary of Economic Projections in September doesn’t anticipate a recession in
  What If the Fed’s Own Forecasts Are Wrong?
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- WXSWXS
  ·2022-11-09
  $Amazon.com(AMZN)$
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- WXSWXS
  ·2022-11-09
  $SINGAPORE AIRLINES LTD(C6L.SI)$
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- WXSWXS
  ·2022-11-04
  $SPDR S&P 500 ETF Trust(SPY)$
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Analysts had expected fourth-quarter sales of $145M and a net loss of 27 cents a share. Revenue was up 34% from the same time a year earlier.</p><p>Asana shares were trading higher 29% late Wednesday after founder, chairman, and CEO Dustin Moskovitz disclosed plans to buy up to 30 million shares of the project management software company’s Class A common stock. That is a commitment that at current levels would be close to $700 million.</p><p><img src=\"https://static.tigerbbs.com/fd14732e5490376cd417155845b34a2e\" tg-width=\"827\" tg-height=\"620\" referrerpolicy=\"no-referrer\"/></p><p>For the full year, revenue rose 45% to $547.2M.</p><p>Asana said the number of customers spending $5,000 or more on an annualized basis in the fourth quarter grew to 19,432, an increase of 26% from a year earlier. Revenue from these customers in the fourth quarter grew 42% from the prior year. 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And it sees an adjusted net loss per share of 55 cents to 59 cents.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asana Beat Expectations As Q4 Customer Revenue Jumps</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsana Beat Expectations As Q4 Customer Revenue Jumps\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-09 07:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Earnings/Asana+beat+expectations+as+Q4+customer+revenue+jumps/21345870.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Asana Inc (NYSE:ASAN) beat expectations for fourth-quarter revenue as revenue from customers surged.The project software company reported revenue of $150.2 million and an adjusted net loss per share ...</p>\n\n<a href=\"https://www.streetinsider.com/Earnings/Asana+beat+expectations+as+Q4+customer+revenue+jumps/21345870.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASAN":"阿莎娜"},"source_url":"https://www.streetinsider.com/Earnings/Asana+beat+expectations+as+Q4+customer+revenue+jumps/21345870.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118267731","content_text":"Asana Inc (NYSE:ASAN) beat expectations for fourth-quarter revenue as revenue from customers surged.The project software company reported revenue of $150.2 million and an adjusted net loss per share of 15 cents. Analysts had expected fourth-quarter sales of $145M and a net loss of 27 cents a share. Revenue was up 34% from the same time a year earlier.Asana shares were trading higher 29% late Wednesday after founder, chairman, and CEO Dustin Moskovitz disclosed plans to buy up to 30 million shares of the project management software company’s Class A common stock. That is a commitment that at current levels would be close to $700 million.For the full year, revenue rose 45% to $547.2M.Asana said the number of customers spending $5,000 or more on an annualized basis in the fourth quarter grew to 19,432, an increase of 26% from a year earlier. Revenue from these customers in the fourth quarter grew 42% from the prior year. The number of customers spending $100,000 or more on an annualized basis in the fourth quarter grew to 506, an increase of 49% from the previous year.For the first quarter, the company is forecasting revenue of $150.0M to $151.0M, which would be up 24% to 25% from last year. It’s expecting an adjusted loss per share of 18 cents to 19 cents.For the year, it is forecasting revenue of $638.0M to $648.0M, which would be up 17% to 18%. And it sees an adjusted net loss per share of 55 cents to 59 cents.","news_type":1},"isVote":1,"tweetType":1,"viewCount":400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949920935,"gmtCreate":1678317952328,"gmtModify":1678317955353,"author":{"id":"3572337913026767","authorId":"3572337913026767","name":"WXS","avatar":"https://community-static.tradeup.com/news/a3b916f8f542d8bde46e0b6a3706fc85","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572337913026767","authorIdStr":"3572337913026767"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949920935","repostId":"2318235307","repostType":4,"repost":{"id":"2318235307","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1678317119,"share":"https://ttm.financial/m/news/2318235307?lang=&edition=fundamental","pubTime":"2023-03-09 07:11","market":"us","language":"en","title":"Peloton, iFit Hit With US Import Ban Over Streaming Technology","url":"https://stock-news.laohu8.com/highlight/detail?id=2318235307","media":"Reuters","summary":"March 8 (Reuters) - The U.S. International Trade Commission on Wednesday banned imports of video-str","content":"<html><head></head><body><p>March 8 (Reuters) - The U.S. International Trade Commission on Wednesday banned imports of video-streaming fitness devices made by Peloton Interactive Inc and iFit Inc after an agency in-house judge last year found they infringed Dish Network Corp patents.</p><p>In a 2021 complaint filed with the ITC, Dish and its Sling TV unit accused Peloton and iFit of infringing four patents for video-streaming technology through imports of products that stream at-home fitness content. These included Peloton bicycles and treadmills and iFit NordicTrack bicycles and ellipticals.</p><p>ITC Chief Administrative Law Judge Clark Cheney sided with Dish in September.</p><p>President Joe Biden&#39;s administration has 60 days to review the import ban before it takes effect, though presidents rarely reverse such actions. Parties can also appeal ITC decisions to the U.S. Court of Appeals for the Federal Circuit, which reviews patent disputes, after the 60-day review period ends.</p><p>Representatives for Peloton, iFit and Dish did not immediately respond to requests for comment.</p><p>Dish and Sling filed lawsuits in Delaware and Texas that were put on hold for the ITC case. Dish had also sued Lululemon Athletica Inc over its Mirror video-streaming device but the companies settled their patent fight in February.</p><p>Cheney found that the Peloton, Lululemon and iFit streaming-capable products infringed patents related to Dish&#39;s Hopper set-top boxes. Dish said its patents covered adaptive bitrate streaming technology that lets users stream content from around the world in real time &#34;at the highest possible quality.&#34;</p><p>The technology was developed by Move Networks Inc and was acquired by Dish in 2012, according to court papers.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Peloton, iFit Hit With US Import Ban Over Streaming Technology</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeloton, iFit Hit With US Import Ban Over Streaming Technology\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-03-09 07:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>March 8 (Reuters) - The U.S. International Trade Commission on Wednesday banned imports of video-streaming fitness devices made by Peloton Interactive Inc and iFit Inc after an agency in-house judge last year found they infringed Dish Network Corp patents.</p><p>In a 2021 complaint filed with the ITC, Dish and its Sling TV unit accused Peloton and iFit of infringing four patents for video-streaming technology through imports of products that stream at-home fitness content. These included Peloton bicycles and treadmills and iFit NordicTrack bicycles and ellipticals.</p><p>ITC Chief Administrative Law Judge Clark Cheney sided with Dish in September.</p><p>President Joe Biden&#39;s administration has 60 days to review the import ban before it takes effect, though presidents rarely reverse such actions. Parties can also appeal ITC decisions to the U.S. Court of Appeals for the Federal Circuit, which reviews patent disputes, after the 60-day review period ends.</p><p>Representatives for Peloton, iFit and Dish did not immediately respond to requests for comment.</p><p>Dish and Sling filed lawsuits in Delaware and Texas that were put on hold for the ITC case. Dish had also sued Lululemon Athletica Inc over its Mirror video-streaming device but the companies settled their patent fight in February.</p><p>Cheney found that the Peloton, Lululemon and iFit streaming-capable products infringed patents related to Dish&#39;s Hopper set-top boxes. Dish said its patents covered adaptive bitrate streaming technology that lets users stream content from around the world in real time &#34;at the highest possible quality.&#34;</p><p>The technology was developed by Move Networks Inc and was acquired by Dish in 2012, according to court papers.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc.","DISH":"Dish Network","BK4588":"碎股","BK4082":"医疗保健设备","BK4190":"消闲用品","BK4007":"制药","BK4504":"桥水持仓","BK4566":"资本集团","BK4532":"文艺复兴科技持仓","BK4196":"保健护理服务","BK4100":"有线和卫星","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","LULU":"lululemon athletica","BK4202":"服装、服饰与奢侈品","BK4139":"生物科技","BK4585":"ETF&股票定投概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318235307","content_text":"March 8 (Reuters) - The U.S. International Trade Commission on Wednesday banned imports of video-streaming fitness devices made by Peloton Interactive Inc and iFit Inc after an agency in-house judge last year found they infringed Dish Network Corp patents.In a 2021 complaint filed with the ITC, Dish and its Sling TV unit accused Peloton and iFit of infringing four patents for video-streaming technology through imports of products that stream at-home fitness content. These included Peloton bicycles and treadmills and iFit NordicTrack bicycles and ellipticals.ITC Chief Administrative Law Judge Clark Cheney sided with Dish in September.President Joe Biden's administration has 60 days to review the import ban before it takes effect, though presidents rarely reverse such actions. Parties can also appeal ITC decisions to the U.S. Court of Appeals for the Federal Circuit, which reviews patent disputes, after the 60-day review period ends.Representatives for Peloton, iFit and Dish did not immediately respond to requests for comment.Dish and Sling filed lawsuits in Delaware and Texas that were put on hold for the ITC case. Dish had also sued Lululemon Athletica Inc over its Mirror video-streaming device but the companies settled their patent fight in February.Cheney found that the Peloton, Lululemon and iFit streaming-capable products infringed patents related to Dish's Hopper set-top boxes. Dish said its patents covered adaptive bitrate streaming technology that lets users stream content from around the world in real time \"at the highest possible quality.\"The technology was developed by Move Networks Inc and was acquired by Dish in 2012, according to court papers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":445,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949920066,"gmtCreate":1678317939056,"gmtModify":1678317944393,"author":{"id":"3572337913026767","authorId":"3572337913026767","name":"WXS","avatar":"https://community-static.tradeup.com/news/a3b916f8f542d8bde46e0b6a3706fc85","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572337913026767","authorIdStr":"3572337913026767"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949920066","repostId":"2318246233","repostType":4,"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9929070428,"gmtCreate":1670572968765,"gmtModify":1676538396722,"author":{"id":"3572337913026767","authorId":"3572337913026767","name":"WXS","avatar":"https://community-static.tradeup.com/news/a3b916f8f542d8bde46e0b6a3706fc85","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572337913026767","authorIdStr":"3572337913026767"},"themes":[],"htmlText":"<a 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Trust(QQQ)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963055974","isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963059181,"gmtCreate":1668557249443,"gmtModify":1676538074707,"author":{"id":"3572337913026767","authorId":"3572337913026767","name":"WXS","avatar":"https://community-static.tradeup.com/news/a3b916f8f542d8bde46e0b6a3706fc85","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572337913026767","authorIdStr":"3572337913026767"},"themes":[],"htmlText":"R","listText":"R","text":"R","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9963059181","repostId":"1160332041","repostType":4,"repost":{"id":"1160332041","pubTimestamp":1668576951,"share":"https://ttm.financial/m/news/1160332041?lang=&edition=fundamental","pubTime":"2022-11-16 13:35","market":"us","language":"en","title":"What If the Fed’s Own Forecasts Are Wrong?","url":"https://stock-news.laohu8.com/highlight/detail?id=1160332041","media":"Bloomberg","summary":"The Federal Reserve’s summary of Economic Projections in September doesn’t anticipate a recession in","content":"<html><head></head><body><p>The Federal Reserve’s summary of Economic Projections in September doesn’t anticipate a recession in the next three years. And Chair Jerome Powell still seems to think that a soft landing for the economy is possible. In my view, however, a US recession is highly likely in the next 12 to 18 months. Why don’t I share the Fed’s optimism?</p><p>The projections by the Fed governors will always paint a rosy picture. They’re instructed to condition their view on an optimal monetary policy, which obviously makes better outcomes achievable. In the real world, as has been demonstrated over the past year, policy is often far from that ideal, so actual results will usually be worse than implied by the projections.</p><p>In the same vein, the Fed model that underpins its staff forecast contains assumptions that contribute to more pleasant forecasts. They include that the Fed will pursue the optimal monetary policy path in the future (regardless of past errors) and that households and businesses know this.</p><p>These assumptions rule out persistent monetary policy errors or the loss of confidence by households and businesses in the Fed’s commitment and ability to achieve its employment and inflation objectives.</p><p>The Fed also operates in a world where there’s an important political economy constraint. Admitting that a recession would be required to get inflation in check might undercut public support for a tighter monetary policy. It also could subject the Fed to criticism that might ultimately undermine its independence or cause Congress to limit its authority in the future. Sugarcoating the cost of what the Fed needs to do may be viewed as a necessary evil so it can carry out its mission successfully. But it also runs the risk of undercutting the Fed’s credibility.</p><p>Why do I believe a recession is unavoidable? To start, the Fed is committed to bringing inflation down to its 2% annual rate target. Powell made it clear in his remarks at the Jackson Hole conference in August that this goal was “unconditional” and reiterated his commitment at his September news conference. Failure is an unattractive option because inflation expectations would rise, necessitating a harsher monetary policy and worse outcomes later.</p><p>To bring inflation to 2%, the Federal Open Market Committee will have to push up the unemployment rate substantially. The labor market is much too tight to be consistent with a stable or declining underlying inflation rate.</p><p>Judging from the relationship between unfilled job openings and the number of people who are unemployed, known as the Beveridge curve, the unemployment rate consistent with stable inflation has risen considerably and could be as high as 5%, well above the current rate of 3.7%. Even if the Beveridge curve were to shift back down because labor market frictions abated, the unemployment rate would still need to rise to at least 4.5%.</p><p>During the postwar period, every time the unemployment rate has risen by 0.5 percentage point or more, the US economy has fallen into recession. This empirical regularity is memorialized as the Sahm rule. The difficulty of engineering a soft landing is underscored by the fact that there are no examples of an unemployment rate rising between 0.5 and 2 percentage points from trough to peak at all. Once the unemployment rate has moved up modestly, it’s hard to stop. Thus, the Fed’s Summary of Economic Projections in September in which unemployment rises to 4.4% from its recent trough of 3.5% would be unprecedented.</p><p>The episodes Powell has cited of successful soft landings—in 1965-66, 1984-85, and 1993-95—don’t apply to the current set of circumstances. In those cases, the Fed tightened and that slowed the pace of economic growth and the decline in the unemployment rate, but in none of those episodes did the Fed tighten sufficiently to push the unemployment rate up. In Fed parlance, these soft landings were achieved from above, by slowing the economy to a sustainable growth rate, rather than from below, by slowing the economy sufficiently to push the unemployment rate up.</p><p>Fed risk management will also increase the likelihood of recession. Powell has made it clear that the consequences of failing to bring inflation back down to 2% on a sustainable basis are unacceptable. The lesson of the 1970s is that failure would lead to unanchored inflation expectations, making the job of restoring price stability that much more difficult.</p><p>In addition, the Fed’s task will be made difficult by uncertainty about whether it has done enough. How high do short-term interest rates need to go to push the unemployment rate above the rate consistent with stable inflation? How long does such an unemployment rate need to be elevated to bring inflation back down to 2%? Because, at the margin, the negative consequences of doing too little exceed the negative consequences of doing too much, this means that monetary policy will likely ultimately be kept too tight for too long. The long and variable lags between changes in the stance of monetary policy and its effect on economic activity reinforce this.</p><p>Some argue—including Fed officials—that a soft landing is still possible:</p><p>• As supply chain disruptions dissipate and the allocation of demand between goods and services normalizes, headline inflation will fall sharply.</p><p>• Labor supply will increase as labor force participation rises.</p><p>• Fed tightening can reduce the excess demand for labor without generating a large rise in unemployment.</p><p>Although one can’t dismiss these points out of hand, I’m afraid they’re likely to prove insufficient to avoid a hard landing.</p><p>First, even if declining goods prices cause headline inflation to fall sharply in the year ahead, that doesn’t deal with the fact that the inflation problem has broadened out, into services prices and wages.</p><p>The breadth of inflationary pressures is visible in the median consumer price index calculated by the Federal Reserve Bank of Cleveland and the trimmed mean personal consumption expenditures deflator—an alternative inflation measure calculated by the Federal Reserve Bank of Dallas—with increases of 7% and 4.7%, respectively, over the past year. Those numbers capture what’s happening for those goods and services in the middle of the inflation distribution.</p><p>Similarly, the trend of wage inflation is well above a rate consistent with 2% inflation. For example, the employment cost index for the wages and salaries of private industry workers has gone up 5.2% over the past year, and the Federal Reserve Bank of Atlanta’s wage tracker index is rising at a 6.4% annual rate. Given the trend of labor productivity, wage inflation needs to be in a 3%-to-4% range to be consistent with the Fed’s 2% inflation objective.</p><p>Second, on the labor supply front, the Fed is unlikely to be bailed out by a large increase in labor force participation. As labor economist Stephanie Aaronson noted in her remarks at this year’s Fed Jackson Hole conference: “The unemployment rate is the best gauge of the state of the business cycle.” Although a tight labor market can be expected to provoke a rise in labor force participation, she said, the process is a slow-moving one, playing out over several years, too slow a process to rescue the Fed.</p><p>Third, the notion that the Fed’s monetary policy stringency can be oriented toward reducing the excess demand for labor without driving up unemployment materially is wishful thinking. Monetary policy can’t be targeted in such a way to reduce the demand for labor in industries where demand is excessive relative to industries where labor supply and demand is in better balance. It’s a blunt tool that affects the economy broadly through its impact on financial conditions.</p><p>Although a soft landing would obviously be preferable, that ship has sailed. Today, a recession is virtually inevitable.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What If the Fed’s Own Forecasts Are Wrong?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat If the Fed’s Own Forecasts Are Wrong?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-16 13:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-15/what-if-the-fed-s-own-forecasts-are-wrong?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve’s summary of Economic Projections in September doesn’t anticipate a recession in the next three years. And Chair Jerome Powell still seems to think that a soft landing for the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-15/what-if-the-fed-s-own-forecasts-are-wrong?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-15/what-if-the-fed-s-own-forecasts-are-wrong?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160332041","content_text":"The Federal Reserve’s summary of Economic Projections in September doesn’t anticipate a recession in the next three years. And Chair Jerome Powell still seems to think that a soft landing for the economy is possible. In my view, however, a US recession is highly likely in the next 12 to 18 months. Why don’t I share the Fed’s optimism?The projections by the Fed governors will always paint a rosy picture. They’re instructed to condition their view on an optimal monetary policy, which obviously makes better outcomes achievable. In the real world, as has been demonstrated over the past year, policy is often far from that ideal, so actual results will usually be worse than implied by the projections.In the same vein, the Fed model that underpins its staff forecast contains assumptions that contribute to more pleasant forecasts. They include that the Fed will pursue the optimal monetary policy path in the future (regardless of past errors) and that households and businesses know this.These assumptions rule out persistent monetary policy errors or the loss of confidence by households and businesses in the Fed’s commitment and ability to achieve its employment and inflation objectives.The Fed also operates in a world where there’s an important political economy constraint. Admitting that a recession would be required to get inflation in check might undercut public support for a tighter monetary policy. It also could subject the Fed to criticism that might ultimately undermine its independence or cause Congress to limit its authority in the future. Sugarcoating the cost of what the Fed needs to do may be viewed as a necessary evil so it can carry out its mission successfully. But it also runs the risk of undercutting the Fed’s credibility.Why do I believe a recession is unavoidable? To start, the Fed is committed to bringing inflation down to its 2% annual rate target. Powell made it clear in his remarks at the Jackson Hole conference in August that this goal was “unconditional” and reiterated his commitment at his September news conference. Failure is an unattractive option because inflation expectations would rise, necessitating a harsher monetary policy and worse outcomes later.To bring inflation to 2%, the Federal Open Market Committee will have to push up the unemployment rate substantially. The labor market is much too tight to be consistent with a stable or declining underlying inflation rate.Judging from the relationship between unfilled job openings and the number of people who are unemployed, known as the Beveridge curve, the unemployment rate consistent with stable inflation has risen considerably and could be as high as 5%, well above the current rate of 3.7%. Even if the Beveridge curve were to shift back down because labor market frictions abated, the unemployment rate would still need to rise to at least 4.5%.During the postwar period, every time the unemployment rate has risen by 0.5 percentage point or more, the US economy has fallen into recession. This empirical regularity is memorialized as the Sahm rule. The difficulty of engineering a soft landing is underscored by the fact that there are no examples of an unemployment rate rising between 0.5 and 2 percentage points from trough to peak at all. Once the unemployment rate has moved up modestly, it’s hard to stop. Thus, the Fed’s Summary of Economic Projections in September in which unemployment rises to 4.4% from its recent trough of 3.5% would be unprecedented.The episodes Powell has cited of successful soft landings—in 1965-66, 1984-85, and 1993-95—don’t apply to the current set of circumstances. In those cases, the Fed tightened and that slowed the pace of economic growth and the decline in the unemployment rate, but in none of those episodes did the Fed tighten sufficiently to push the unemployment rate up. In Fed parlance, these soft landings were achieved from above, by slowing the economy to a sustainable growth rate, rather than from below, by slowing the economy sufficiently to push the unemployment rate up.Fed risk management will also increase the likelihood of recession. Powell has made it clear that the consequences of failing to bring inflation back down to 2% on a sustainable basis are unacceptable. The lesson of the 1970s is that failure would lead to unanchored inflation expectations, making the job of restoring price stability that much more difficult.In addition, the Fed’s task will be made difficult by uncertainty about whether it has done enough. How high do short-term interest rates need to go to push the unemployment rate above the rate consistent with stable inflation? How long does such an unemployment rate need to be elevated to bring inflation back down to 2%? Because, at the margin, the negative consequences of doing too little exceed the negative consequences of doing too much, this means that monetary policy will likely ultimately be kept too tight for too long. The long and variable lags between changes in the stance of monetary policy and its effect on economic activity reinforce this.Some argue—including Fed officials—that a soft landing is still possible:• As supply chain disruptions dissipate and the allocation of demand between goods and services normalizes, headline inflation will fall sharply.• Labor supply will increase as labor force participation rises.• Fed tightening can reduce the excess demand for labor without generating a large rise in unemployment.Although one can’t dismiss these points out of hand, I’m afraid they’re likely to prove insufficient to avoid a hard landing.First, even if declining goods prices cause headline inflation to fall sharply in the year ahead, that doesn’t deal with the fact that the inflation problem has broadened out, into services prices and wages.The breadth of inflationary pressures is visible in the median consumer price index calculated by the Federal Reserve Bank of Cleveland and the trimmed mean personal consumption expenditures deflator—an alternative inflation measure calculated by the Federal Reserve Bank of Dallas—with increases of 7% and 4.7%, respectively, over the past year. Those numbers capture what’s happening for those goods and services in the middle of the inflation distribution.Similarly, the trend of wage inflation is well above a rate consistent with 2% inflation. For example, the employment cost index for the wages and salaries of private industry workers has gone up 5.2% over the past year, and the Federal Reserve Bank of Atlanta’s wage tracker index is rising at a 6.4% annual rate. Given the trend of labor productivity, wage inflation needs to be in a 3%-to-4% range to be consistent with the Fed’s 2% inflation objective.Second, on the labor supply front, the Fed is unlikely to be bailed out by a large increase in labor force participation. As labor economist Stephanie Aaronson noted in her remarks at this year’s Fed Jackson Hole conference: “The unemployment rate is the best gauge of the state of the business cycle.” Although a tight labor market can be expected to provoke a rise in labor force participation, she said, the process is a slow-moving one, playing out over several years, too slow a process to rescue the Fed.Third, the notion that the Fed’s monetary policy stringency can be oriented toward reducing the excess demand for labor without driving up unemployment materially is wishful thinking. Monetary policy can’t be targeted in such a way to reduce the demand for labor in industries where demand is excessive relative to industries where labor supply and demand is in better balance. It’s a blunt tool that affects the economy broadly through its impact on financial conditions.Although a soft landing would obviously be preferable, that ship has sailed. Today, a recession is virtually inevitable.","news_type":1},"isVote":1,"tweetType":1,"viewCount":377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987798044,"gmtCreate":1667984363088,"gmtModify":1676537994475,"author":{"id":"3572337913026767","authorId":"3572337913026767","name":"WXS","avatar":"https://community-static.tradeup.com/news/a3b916f8f542d8bde46e0b6a3706fc85","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572337913026767","authorIdStr":"3572337913026767"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Amazon.com(AMZN)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987798044","isVote":1,"tweetType":1,"viewCount":562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987256387,"gmtCreate":1667938029350,"gmtModify":1676537985993,"author":{"id":"3572337913026767","authorId":"3572337913026767","name":"WXS","avatar":"https://community-static.tradeup.com/news/a3b916f8f542d8bde46e0b6a3706fc85","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572337913026767","authorIdStr":"3572337913026767"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a><v-v data-views=\"1\"></v-v>","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987256387","isVote":1,"tweetType":1,"viewCount":584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984028551,"gmtCreate":1667498953273,"gmtModify":1676537927550,"author":{"id":"3572337913026767","authorId":"3572337913026767","name":"WXS","avatar":"https://community-static.tradeup.com/news/a3b916f8f542d8bde46e0b6a3706fc85","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572337913026767","authorIdStr":"3572337913026767"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a><v-v data-views=\"0\"></v-v>","text":"$SPDR S&P 500 ETF Trust(SPY)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9984028551","isVote":1,"tweetType":1,"viewCount":597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}