The majority of traders now expect the Fed to raise interest rates one more time in June, according to– but there's much less consensus on when it could start slashing borrowing costs.
Interest-rate cuts would typically push up stock prices because spending on goods and services tends to rise, listed companies can borrow cash more cheaply, and investors earn slimmer yields by keeping their money in savings accounts.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stocks finish lower after Fed official remarks as investors await debt-ceiling voteU.S. stocks finished lower Wednesday as investors weighed remarks from Federal Reserve officials on monetary policy while awaiting a debt-ceiling vote by Congress. The Dow Jones Industrial Average closed 0.4% lower:
Source: MarketWatch - 🏆 3. / 97 Read more »
Asian stocks dip, Chinese shares hit 5-mth low as U.S. ties worsen By Investing.com⚠️BREAKING: *ASIAN STOCKS DECLINE ACROSS THE REGION, CHINA SHARES SLUMP TO 5-MONTH LOW AS U.S. TIES WORSEN 🇯🇵🇨🇳🇭🇰🇰🇷
Source: Investingcom - 🏆 450. / 53 Read more »
Wall Street sees further upside for Japan stocks as they notch a fresh three-decade highJapan's Topix (Tokyo Price Index) has marked new peaks in the past two weeks, seeing its highest level since July 1990 on Monday.
Source: CNBC - 🏆 12. / 72 Read more »
Asian stocks mostly higher as US debt deal revives confidenceBut investors say markets are not out of the woods yet.
Source: Reuters - 🏆 2. / 97 Read more »