American equities halted a five-day slide, with swaps pricing in 80 basis points of Fed tightening in July — still an aggressive boost that leaves investors wondering about the odds of a recession — but down from a full point earlier this week. Banks led gains afterEconomic readings were all over the place, but it was a drop in US consumer long-term inflation expectations to a one-year low that effectively captured traders’ attention.
of a super-sized rate increase, and St. Louis’s James Bullard said he would defer judgment to the central bank’s meeting. He was quoted earlier this week as saying he favored sticking with a 75-basis-point boost.“While a recession is increasingly likely, bulls note that a lot of bad news is already being priced in, and if a recession is shallow, there is upside to markets over the next year,” said Mark Hackett, chief of investment research at Nationwide.
“The markets today reflect a slowdown or a mild recession already,” said Kara Murphy, chief investment officer at Kestra Holdings. “As soon as we have confirmation that the Fed is winning the war with inflation — that means we need to see multiple data points suggesting that prices are slowing — I think that will be a risk-on sign for the market.”
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dailymaverick - 🏆 3. / 84 Read more »
MARKET WRAP: JSE and rand weaken further as bets on Fed aggression riseInvestors are increasingly considering the prospect of a 100 basis-point rate hike by the Federal Reserve in two weeks
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
MARKET WRAP: US inflation puts JSE in a spinRand recovers a little ground against the dollar while the euro falls below dollar parity for the first time in almost 20 years
Source: BDliveSA - 🏆 12. / 63 Read more »