Roger Crandall, MassMutual CEO, joins ‘Closing Bell: Overtime’ to discuss the banking sector and how the Fed’s next meeting could have an impact. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
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MassMutual CEO Roger Crandall believes that the likelihood of a recession is low, despite concerns by some economists and market analysts. In a recent interview, Crandall pointed to the strong employment numbers in the United States as evidence that the economy continues to be healthy.
Crandall noted that the U.S. unemployment rate is at its lowest level in decades, currently hovering around 3.5%. This is a sign that businesses are healthy and are able to create jobs, which contributes to overall economic growth. Additionally, wages have been rising steadily over the past few years, which is another positive sign for the economy.
While Crandall acknowledged that there are some concerns about the impact of the ongoing trade war with China and other issues, he believes that these factors are unlikely to cause a recession at this point. He pointed out that businesses have been able to adapt and adjust to changing economic conditions, and that there is a robust system of economic indicators in place to help identify potential challenges.
Despite Crandall’s optimism, some economists remain concerned about the possibility of a recession in the near future. There are concerns about the sustainability of the current economic expansion, as well as ongoing issues related to global trade and political instability in certain parts of the world.
Ultimately, it is impossible to predict the future with certainty, and the economy can be impacted by a wide range of factors. However, Crandall’s assessment of the current situation is certainly reassuring to many investors and market observers. As long as the employment numbers remain strong and businesses continue to thrive, the likelihood of a recession remains relatively low.
Morgan was looking at Fortt like 'Don't end the segment with some stupid cryptic comment like you tend to do. We're under scrutiny here at CNBC.'
Where does CNBC find these hacks? The odds of a recession are 100%. I guess there looking for exit liquidity from retail.
1) what are the monetary/fiscal policy actions fed/central banks may take when inflation is high.
2) give example of such alternatives govt. has on its disposal to curb inflation.
3) What’s the reason for deposit flights in SVB( select Visual Basic) bank’s’ bankruptcy case?
4) With only 10% capital paid
up ); how does its liabilities look on the book?
5) Other then checking a/c services; what else does this bank offers to its clients?
6) What type of bank is it? ( a commercial; special purpose; or for a fixed reason )
7) Respective laws ( Fed/State ) applicable to this bank.
8) What does the legal framework tells in case of such issues facing the bank now.
Making money is an action. Keeping money is behavior. Growing money is knowledge I found out a week ago after getting $10,000 return on my $2000 investment in 7 days.