The Fed may break a lot of stock-market investors’ hearts this week:
Clamoring for a rate cut—the first in more than a decade—by the Federal Reserve at some point this year is running hot.
“The Fed might not be prepared to confirm such validations given the hard data do not yet signal a sharp slowdown in economic activity,” she said. The University of Michigan’s consumer-sentiment index came in at 97.9 in early June, down from a seasonally adjusted 100 in May but slightly higher than estimates for 97.3, and a measure of industrial production rose 0.4% in May, representing its strongest monthly rise in six months, helped by increased production of pickup trucks and cars.
Thomas di Galoma, managing director and head of Treasury trading at Seaport Global Holdings, told MarketWatch that bonds and stocks, which have both been rallying on rate-cut expectations could tumble.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
All eyes on Fed as stock market pines for rate cutThe Federal Open Market Committee meeting next week is shaping up as a pivotal o...
Read more »
Three reasons why the Fed won't cut rates at its June meetingWall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.
Read more »
Cramer on the week ahead: Watch for Fed signals and Trump's Twitter'The most important thing to watch next week is Twitter — we're watching for a president who slags China regularly,' Jim Cramer says.
Read more »
Besides a cut, the Fed could do thisThe 'Halftime Report' traders think the Fed won't cut rates next week but needs to continue signaling that it is monitoring economic developments and will intervene if necessary.
Read more »
Trump says he plans to keep criticizing Fed over ratesPresident Donald Trump says he has no intention of ending his public attacks on the Federal Reserve's interest rate policies even though he knows he has made Chairman Jerome Powell's job more difficult. Trump told ABC News in an interview released Friday that he thinks economic growth and stock
Read more »