Latest news with #Schutte
Yahoo
a day ago
- Business
- Yahoo
Markets want rate cut, but Fed faces tough choice, chief investment officer says
Cracks are forming in an otherwise resilient economy, and the Federal Reserve could soon face a no-win choice. 'The market wants to see a rate cut in September,' Brent Schutte, chief investment officer at Northwestern Mutual, said on Yahoo Finance's Opening Bid. Although the Fed left rates unchanged as expected at its July 30 meeting, Schutte says the bigger question is whether policymakers will pivot toward easing it later this year. The market has currently assigned a rough 58% probability to a September rate cut, making it a near 'coin toss.' Despite the uncertainty, retail investors continue to pour money into equities, fueling market gains. Schutte points to an 'insatiable appetite' among this group, which could help cushion markets even if the Fed signals disappoint. If expectations for a cut keep building, markets will likely rally. But if the Fed leans away from easing, a modest pullback could follow. According to Schutte, the Fed, like markets, remains uncertain about the economic outlook and appears increasingly divided, Schutte said. Some members, like Governor Christopher Waller, have floated the idea of voting for a rate cut even sooner. While dissenting voices alone aren't decisive, they reflect broader indecision at the central bank. One key wild card is the new tariff deal announced by President Trump, which slapped a 25% tariff on imports from India. Schutte said the market has mostly shrugged off the latest tariff threats, assuming the White House might reverse course if necessary. But he warns that could be a risky bet, especially if businesses start passing tariff costs onto consumers. Read more: The latest news and updates on Trump's tariffs Underlying economic data already points to weakness. Companies like Procter & Gamble (PG) and Starbucks (SBUX) have flagged softening demand. Kraft Heinz (KHC) has emerged as a winner, posting robust quarterly earnings fueled by inflation-weary consumers opting to cook more at home. Even so, real private domestic purchases have slowed sharply, even before the full impact of tariffs. 'You are seeing a consumer that is beginning to weaken,' Schutte said. If companies hike prices, the Fed may soon face a tough choice between rising inflation and slowing growth. Meanwhile, Morgan Stanley maintained its baseline view that the Fed will not cut interest rates in 2025. However, in a new report, the firm outlined growing downside risks that could push policymakers to act sooner, even as early as September. Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments The report highlights five scenarios that could justify such a move, including a sharp drop in private payrolls, unemployment above 4.5%, continued disinflation in services, weak inflation alongside rising joblessness, or early signs of corporate stress like weak earnings and layoffs. 'It's a long way to September,' Morgan Stanley analyst Michael Gapen wrote. With several months of data to come, including the Jackson Hole Economic Policy Symposium in August, policymakers have time to wait. While cuts remain unlikely in Morgan Stanley's base case, the firm acknowledges a more divided Fed. Following June's meeting, a majority of FOMC participants favored at least one cut by year-end, making a September move plausible if the data breaks the right Velasquez is a Reporter at Yahoo Finance. He can be reached on LinkedIn and X, or via email at Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
West Australian
03-06-2025
- Automotive
- West Australian
Arise Racing GT survives tricky Queensland conditions
The Arise Racing GT team headed to Queensland Raceway last weekend, after the pairing of Jaxon Evans and Elliott Schutte claimed wins in three of the GT World Challenge Australia championship's first four races. And while they didn't add to that tally at the Willowbank circuit, they still have a strong lead in the Pro-Am Driver's Championship. 'I think if this is a bad weekend, then it's not so bad,' said Schutte after race two. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now . 'Overall we'll take this weekend and move on.' The team's #26 crew took their Ferrari 296 GT3 to a third-place finish in the opening race of the weekend, but could only manage fifth in race two, as uncharacteristically wet weather caught out many drivers in the field, resulting in a disjointed, safety car-filled affair. The team's second entry, the #77 Ferrari, had an eventful weekend that included a major change prior to action getting underway. Jordan Love stepped aside from his usual co-driver seat with Steve Wyatt and was replaced by his brother, Aaron. No stranger to racing, Aaron Love began the season in Supercars and has experience racing in Porsche Carrera Cup in Australia and France. Despite limited time in the Ferrari, Love took little time to adapt and he and Wyatt managed to claim fifth place in the opening race. They then improved in the second race, finishing in fourth, ahead of their teammates. 'First weekend done and dusted, second race is done,' said Aaron Love. 'Second time in the car for myself in dry conditions. It was a heap of fun, managed to snag fastest lap and make up a few positions. 'Steve jumped in the car, a good driver swap, popped out second and couldn't quite hold off a few of the cars. A few of the safety cars probably helped us out there and we came home fourth. 'A few things went our way and few things didn't go our way, but ultimately it was a good, fun weekend.' Evans and Schutte's championship rivals, Brad Schumacher and Broc Feeney, claimed victory in race one and then backed it up with third place in race two. While that closed the gap in the driver's standings, the Arise Racing GT duo still hold a 22-point advantage with three more rounds to run. The team also has a five-point lead in the Team's Championship, as it looks to add to the silverware it claimed in its debut season. The next round of the GT World Challenge Australia series will be at Melbourne's Sandown Raceway on July 25-27.
Perth Now
03-06-2025
- Automotive
- Perth Now
Arise Racing GT survives tricky Queensland conditions
The Arise Racing GT team headed to Queensland Raceway last weekend, after the pairing of Jaxon Evans and Elliott Schutte claimed wins in three of the GT World Challenge Australia championship's first four races. And while they didn't add to that tally at the Willowbank circuit, they still have a strong lead in the Pro-Am Driver's Championship. 'I think if this is a bad weekend, then it's not so bad,' said Schutte after race two. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Supplied Credit: CarExpert 'Overall we'll take this weekend and move on.' The team's #26 crew took their Ferrari 296 GT3 to a third-place finish in the opening race of the weekend, but could only manage fifth in race two, as uncharacteristically wet weather caught out many drivers in the field, resulting in a disjointed, safety car-filled affair. The team's second entry, the #77 Ferrari, had an eventful weekend that included a major change prior to action getting underway. Jordan Love stepped aside from his usual co-driver seat with Steve Wyatt and was replaced by his brother, Aaron. Supplied Credit: CarExpert No stranger to racing, Aaron Love began the season in Supercars and has experience racing in Porsche Carrera Cup in Australia and France. Despite limited time in the Ferrari, Love took little time to adapt and he and Wyatt managed to claim fifth place in the opening race. They then improved in the second race, finishing in fourth, ahead of their teammates. 'First weekend done and dusted, second race is done,' said Aaron Love. 'Second time in the car for myself in dry conditions. It was a heap of fun, managed to snag fastest lap and make up a few positions. Supplied Credit: CarExpert 'Steve jumped in the car, a good driver swap, popped out second and couldn't quite hold off a few of the cars. A few of the safety cars probably helped us out there and we came home fourth. 'A few things went our way and few things didn't go our way, but ultimately it was a good, fun weekend.' Evans and Schutte's championship rivals, Brad Schumacher and Broc Feeney, claimed victory in race one and then backed it up with third place in race two. Supplied Credit: CarExpert While that closed the gap in the driver's standings, the Arise Racing GT duo still hold a 22-point advantage with three more rounds to run. The team also has a five-point lead in the Team's Championship, as it looks to add to the silverware it claimed in its debut season. The next round of the GT World Challenge Australia series will be at Melbourne's Sandown Raceway on July 25-27.
7NEWS
03-06-2025
- Automotive
- 7NEWS
Arise Racing GT survives tricky Queensland conditions
The Arise Racing GT team headed to Queensland Raceway last weekend, after the pairing of Jaxon Evans and Elliott Schutte claimed wins in three of the GT World Challenge Australia championship's first four races. And while they didn't add to that tally at the Willowbank circuit, they still have a strong lead in the Pro-Am Driver's Championship. 'I think if this is a bad weekend, then it's not so bad,' said Schutte after race two. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. 'Overall we'll take this weekend and move on.' The team's #26 crew took their Ferrari 296 GT3 to a third-place finish in the opening race of the weekend, but could only manage fifth in race two, as uncharacteristically wet weather caught out many drivers in the field, resulting in a disjointed, safety car-filled affair. The team's second entry, the #77 Ferrari, had an eventful weekend that included a major change prior to action getting underway. Jordan Love stepped aside from his usual co-driver seat with Steve Wyatt and was replaced by his brother, Aaron. No stranger to racing, Aaron Love began the season in Supercars and has experience racing in Porsche Carrera Cup in Australia and France. Despite limited time in the Ferrari, Love took little time to adapt and he and Wyatt managed to claim fifth place in the opening race. They then improved in the second race, finishing in fourth, ahead of their teammates. 'First weekend done and dusted, second race is done,' said Aaron Love. 'Second time in the car for myself in dry conditions. It was a heap of fun, managed to snag fastest lap and make up a few positions. 'Steve jumped in the car, a good driver swap, popped out second and couldn't quite hold off a few of the cars. A few of the safety cars probably helped us out there and we came home fourth. 'A few things went our way and few things didn't go our way, but ultimately it was a good, fun weekend.' Evans and Schutte's championship rivals, Brad Schumacher and Broc Feeney, claimed victory in race one and then backed it up with third place in race two. While that closed the gap in the driver's standings, the Arise Racing GT duo still hold a 22-point advantage with three more rounds to run. The team also has a five-point lead in the Team's Championship, as it looks to add to the silverware it claimed in its debut season. The next round of the GT World Challenge Australia series will be at Melbourne's Sandown Raceway on July 25-27.
The Advertiser
03-06-2025
- Automotive
- The Advertiser
Arise Racing GT survives tricky Queensland conditions
The Arise Racing GT team headed to Queensland Raceway last weekend, after the pairing of Jaxon Evans and Elliott Schutte claimed wins in three of the GT World Challenge Australia championship's first four races. And while they didn't add to that tally at the Willowbank circuit, they still have a strong lead in the Pro-Am Driver's Championship. "I think if this is a bad weekend, then it's not so bad," said Schutte after race two. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "Overall we'll take this weekend and move on." The team's #26 crew took their Ferrari 296 GT3 to a third-place finish in the opening race of the weekend, but could only manage fifth in race two, as uncharacteristically wet weather caught out many drivers in the field, resulting in a disjointed, safety car-filled affair. The team's second entry, the #77 Ferrari, had an eventful weekend that included a major change prior to action getting underway. Jordan Love stepped aside from his usual co-driver seat with Steve Wyatt and was replaced by his brother, Aaron. No stranger to racing, Aaron Love began the season in Supercars and has experience racing in Porsche Carrera Cup in Australia and France. Despite limited time in the Ferrari, Love took little time to adapt and he and Wyatt managed to claim fifth place in the opening race. They then improved in the second race, finishing in fourth, ahead of their teammates. "First weekend done and dusted, second race is done," said Aaron Love. "Second time in the car for myself in dry conditions. It was a heap of fun, managed to snag fastest lap and make up a few positions. "Steve jumped in the car, a good driver swap, popped out second and couldn't quite hold off a few of the cars. A few of the safety cars probably helped us out there and we came home fourth. "A few things went our way and few things didn't go our way, but ultimately it was a good, fun weekend." Evans and Schutte's championship rivals, Brad Schumacher and Broc Feeney, claimed victory in race one and then backed it up with third place in race two. While that closed the gap in the driver's standings, the Arise Racing GT duo still hold a 22-point advantage with three more rounds to run. The team also has a five-point lead in the Team's Championship, as it looks to add to the silverware it claimed in its debut season. The next round of the GT World Challenge Australia series will be at Melbourne's Sandown Raceway on July 25-27. Content originally sourced from: The Arise Racing GT team headed to Queensland Raceway last weekend, after the pairing of Jaxon Evans and Elliott Schutte claimed wins in three of the GT World Challenge Australia championship's first four races. And while they didn't add to that tally at the Willowbank circuit, they still have a strong lead in the Pro-Am Driver's Championship. "I think if this is a bad weekend, then it's not so bad," said Schutte after race two. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "Overall we'll take this weekend and move on." The team's #26 crew took their Ferrari 296 GT3 to a third-place finish in the opening race of the weekend, but could only manage fifth in race two, as uncharacteristically wet weather caught out many drivers in the field, resulting in a disjointed, safety car-filled affair. The team's second entry, the #77 Ferrari, had an eventful weekend that included a major change prior to action getting underway. Jordan Love stepped aside from his usual co-driver seat with Steve Wyatt and was replaced by his brother, Aaron. No stranger to racing, Aaron Love began the season in Supercars and has experience racing in Porsche Carrera Cup in Australia and France. Despite limited time in the Ferrari, Love took little time to adapt and he and Wyatt managed to claim fifth place in the opening race. They then improved in the second race, finishing in fourth, ahead of their teammates. "First weekend done and dusted, second race is done," said Aaron Love. "Second time in the car for myself in dry conditions. It was a heap of fun, managed to snag fastest lap and make up a few positions. "Steve jumped in the car, a good driver swap, popped out second and couldn't quite hold off a few of the cars. A few of the safety cars probably helped us out there and we came home fourth. "A few things went our way and few things didn't go our way, but ultimately it was a good, fun weekend." Evans and Schutte's championship rivals, Brad Schumacher and Broc Feeney, claimed victory in race one and then backed it up with third place in race two. While that closed the gap in the driver's standings, the Arise Racing GT duo still hold a 22-point advantage with three more rounds to run. The team also has a five-point lead in the Team's Championship, as it looks to add to the silverware it claimed in its debut season. The next round of the GT World Challenge Australia series will be at Melbourne's Sandown Raceway on July 25-27. Content originally sourced from: The Arise Racing GT team headed to Queensland Raceway last weekend, after the pairing of Jaxon Evans and Elliott Schutte claimed wins in three of the GT World Challenge Australia championship's first four races. And while they didn't add to that tally at the Willowbank circuit, they still have a strong lead in the Pro-Am Driver's Championship. "I think if this is a bad weekend, then it's not so bad," said Schutte after race two. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "Overall we'll take this weekend and move on." The team's #26 crew took their Ferrari 296 GT3 to a third-place finish in the opening race of the weekend, but could only manage fifth in race two, as uncharacteristically wet weather caught out many drivers in the field, resulting in a disjointed, safety car-filled affair. The team's second entry, the #77 Ferrari, had an eventful weekend that included a major change prior to action getting underway. Jordan Love stepped aside from his usual co-driver seat with Steve Wyatt and was replaced by his brother, Aaron. No stranger to racing, Aaron Love began the season in Supercars and has experience racing in Porsche Carrera Cup in Australia and France. Despite limited time in the Ferrari, Love took little time to adapt and he and Wyatt managed to claim fifth place in the opening race. They then improved in the second race, finishing in fourth, ahead of their teammates. "First weekend done and dusted, second race is done," said Aaron Love. "Second time in the car for myself in dry conditions. It was a heap of fun, managed to snag fastest lap and make up a few positions. "Steve jumped in the car, a good driver swap, popped out second and couldn't quite hold off a few of the cars. A few of the safety cars probably helped us out there and we came home fourth. "A few things went our way and few things didn't go our way, but ultimately it was a good, fun weekend." Evans and Schutte's championship rivals, Brad Schumacher and Broc Feeney, claimed victory in race one and then backed it up with third place in race two. While that closed the gap in the driver's standings, the Arise Racing GT duo still hold a 22-point advantage with three more rounds to run. The team also has a five-point lead in the Team's Championship, as it looks to add to the silverware it claimed in its debut season. The next round of the GT World Challenge Australia series will be at Melbourne's Sandown Raceway on July 25-27. Content originally sourced from: The Arise Racing GT team headed to Queensland Raceway last weekend, after the pairing of Jaxon Evans and Elliott Schutte claimed wins in three of the GT World Challenge Australia championship's first four races. And while they didn't add to that tally at the Willowbank circuit, they still have a strong lead in the Pro-Am Driver's Championship. "I think if this is a bad weekend, then it's not so bad," said Schutte after race two. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "Overall we'll take this weekend and move on." The team's #26 crew took their Ferrari 296 GT3 to a third-place finish in the opening race of the weekend, but could only manage fifth in race two, as uncharacteristically wet weather caught out many drivers in the field, resulting in a disjointed, safety car-filled affair. The team's second entry, the #77 Ferrari, had an eventful weekend that included a major change prior to action getting underway. Jordan Love stepped aside from his usual co-driver seat with Steve Wyatt and was replaced by his brother, Aaron. No stranger to racing, Aaron Love began the season in Supercars and has experience racing in Porsche Carrera Cup in Australia and France. Despite limited time in the Ferrari, Love took little time to adapt and he and Wyatt managed to claim fifth place in the opening race. They then improved in the second race, finishing in fourth, ahead of their teammates. "First weekend done and dusted, second race is done," said Aaron Love. "Second time in the car for myself in dry conditions. It was a heap of fun, managed to snag fastest lap and make up a few positions. "Steve jumped in the car, a good driver swap, popped out second and couldn't quite hold off a few of the cars. A few of the safety cars probably helped us out there and we came home fourth. "A few things went our way and few things didn't go our way, but ultimately it was a good, fun weekend." Evans and Schutte's championship rivals, Brad Schumacher and Broc Feeney, claimed victory in race one and then backed it up with third place in race two. While that closed the gap in the driver's standings, the Arise Racing GT duo still hold a 22-point advantage with three more rounds to run. The team also has a five-point lead in the Team's Championship, as it looks to add to the silverware it claimed in its debut season. The next round of the GT World Challenge Australia series will be at Melbourne's Sandown Raceway on July 25-27. Content originally sourced from:
