Jim Grant: There's as much a chance of a rate hike as there is of two rate cuts

Seth Carpenter, Morgan Stanley chief economist, and Jim Grant, Grant’s Interest Rate Observer founder and editor, join 'Squawk Box' to discuss the state of the economy, what to expect from the Fed's policy meeting, interest rate outlook, and more.

[mirandamillsivy]

They raise interest rates, but then continue their obscene overspending and money printing. Such a mess

[marcuscook]

Rates need to go higher and spending needs to be cut.

[headspaceandtiming]

Jim Grant has been on CNBC and FoxBusiness. He has a valued opinion by all. He constantly speaks with calm reality of our situation. And his opinion is sobering. The road back to stability is not easy and I don’t know if we have the will to take it.

[roddywoods]

Opinions on the market diverge; some claim overvaluation due to rapid gains, while others cite strong economic fundamentals justifying high valuations. Raises concern for my $600K equities going 8% up and 20% down. Should i hold on or sell off my positions and hold cash?.

[andrewjones]

We should have Jim Grant on more often and for more time! Forget about the Morgan Stanley guys praying for rate cuts. We are not at high interest rates. We are massively overleveraged and this needs to change.

[ichoudhury]

4:05 "Hear him, hear him well! He speaks the truth, and we all say, thankya!" -

Inflation has become ingrained in our economic system. Nowadays, young people are growing up accustomed to escalating prices, considering it as the norm. If you glance at job postings, you'll notice that salaries have more than doubled or even tripled compared to just a decade or two ago. Although minimum wages are rising, the cost of goods and services keeps ascending (nothing has fundamentally changed, just the ratios).

The bottom line is, inflation seems to be a permanent fixture and will likely continue its upward trajectory. It's not going to crush our spirits as it hasn't for those of us who remember more affordable times, even though we had lower salaries back then. So, don't stress too much about it, as Great Dory has said "Just keep swimming" :)

[arbitrader]

The Fed and government is out of control.

[ws]

Inflation = CPI^2. Inflation is ripping, Fed is just pumping the market. Not going to end well.

[miken]

No rate cuts, US can handle higher rates, raise rates, 10yr need to go much higher.

[knt]

No Cut Or One Cut After November 15, 2024 . And That Is My Prediction. Sincerely❤️❤️❤️, KNT

[rosemarysunshine]

Who came first: Jim Grant or Bill Nye?

[jovanirodriguez]

rates definitely needs to be hiked... we are not able to bring inflation down at a steady pace

[jaym]

FED to drop rates to 0% (to allow Mag 7 to make buy back bigger).

[codeblue]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

[Seanpfree]

ZERO CUTS coming. We are at the very start of a decades long uptrend. First time home ownership is over with in the US.

[SantiagoGonzalezHernande-spvz]

Jim Grant actually speaking truth. Other guy clearly represents the wealthiest lmao

[AmeriGlobal]

Most conservatives ignore real estate and healthcare inflation. Did we think workers would just keep absorbing higher rent costs and healthcare costs without demanding higher wages?

[theguildedcage]

3 cuts this year. So they either are a company full of idiots or they are trying to rip people off. Or both.

[karmasutra]

I think 1 or no cuts this year and if it's a hike it will be small

[edmundlively]

They won't need to hike if they will just sell off the balance sheet faster.