Let's start with what happened to markets after the Fed's rate cut yesterday. It wasn't pretty. The Dow dropped 1,100 points. The S&P fell 3%. The Nasdaq dropped 3.5%. The Russell 2000 small-caps fell 4.4%. And the 10-year yield surged, pushing mortgage rates back above 7% today.
But there is plenty of not-so-good news about this, too. For one, no one wants stickier inflation. The 10-year"TIPS" yield, an inflation proxy, has been spiking in recent days, and especially after the Fed's rate cut yesterday. It's gone from 1.9% two weeks ago, to 2.22% this morning. It's only been higher twice in recent years; earlier this summer, and in late 2023.
Layer on top of that yesterday the arrival of what Dan Clifton of Baird calls--Elon Musk. Musk and Vivek Ramaswamy were lobbying hard on X against the 1500-page bill that would avoid a government shutdown at midnight Friday and fund the government through March. The reason? Too many non-core spending projects, like $3 billion for a new NFL stadium in D.C.
With respect to James Carville, who once joked he wanted to be reincarnated as the bond market in order to intimidate everybody, Musk seems to have even more power than the vigilantes now.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Market Selloff Follows Fed Rate CutThe Federal Reserve's rate cut triggered a market selloff as investors reacted to the central bank's revised projections for future rate cuts. While the rate cut itself was expected, the market anticipated three more cuts next year, but the Fed now forecasts only two. Stronger economic growth and inflation have led to a rise in interest rates, creating uncertainty and impacting various market sectors.
Fonte: nbcchicago - 🏆 545. / 51 Consulte Mais informação »
Market Selloff After Fed Rate CutThe stock market reacted negatively to the Fed's rate cut yesterday, with major indices experiencing significant drops. The selloff was triggered by the Fed's updated projections of only two more rate cuts next year, lower than market expectations of three. While the 10-year Treasury yield has un-inverted, indicating a potential boost to lending and the economy, rising inflation expectations and high interest rates pose challenges for the market and the budget.
Fonte: nbcsandiego - 🏆 524. / 51 Consulte Mais informação »
Troubling signs under the hood: Charts point to possible market selloff around cornerDavid Keller breaks down the weak internal breadth he's seeing in the S&P 500.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »
Florida's Housing Market Could See 'Big Investor Selloff' in 2025An increase in supply has meant falling demand for homes, which means rent prices are tumbling in a bid to attract tenants, says expert.
Fonte: Newsweek - 🏆 468. / 52 Consulte Mais informação »
Stock market today: Dow in longest losing streak since 1978; Fed decision loomsStock market today: Dow in longest losing streak since 1978; Fed decision looms
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »
Stock market today: S&P 500 snaps 3-week win streak ahead of Fed meeting next weekStock market today: S&P 500 snaps 3-week win streak ahead of Fed meeting next week
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »