NEW YORK —
He suggested if higher inflation does persist, the Fed will hold rates steady “for as long as needed." But he also acknowledged the Fed could cut rates if the job market unexpectedly weakens. Traders are mostly betting on the Fed delivering just one or two cuts this year after coming into 2024 expecting. They're now also betting on a 14% probability that zero cuts will arrive, up from just 1% a month ago, according to data from CME Group.
Northern Trust slumped 4.7% after the financial services company reported weaker earnings for the start of the year than analysts expected. Johnson & Johnson sank 2% despite topping profit forecasts. Its revenue came in a whisper below expectations.
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:
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.
Markets today: Bonds fall and stocks waver on rate-cut pushbackTreasuries slipped while S&P 500 futures fluctuated on the last trading day of the quarter as U.S. Federal Reserve Governor Christopher Waller poured cold water on the path to lower interest rates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stock market today: Asia stocks rise with market focus on signs of interest rate cutHONG KONG (AP) — Asia stocks were mostly higher on Tuesday, with investors mainly focusing on a U.S. inflation report and what it means for interest rate...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks waver as investors shake off Mideast tensions, focus on earningsWorries over the fallout from Iran's attack on Israel eased, allowing focus to return to earnings season and inflation risks to rate-cut hopes.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Homebuilder stocks rise after Fed projects three interest rate cuts this yearThe SPDR S&P Homebuilders ETF rose more than 2%, higher than the S&P 500’s less than 1% gain.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
TSX ends lower as interest-rate sensitive stocks weighThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Scotiabank analyst see ‘downside risks’ to bank stocks in a higher-for-longer interest rate backdropDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Source: globeandmail - 🏆 5. / 92 Read more »