News Formal

Premarket: Global stocks steady as traders brace for Fed easing

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 24 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 62%
  • Publisher: 66%

Newsletter News

Marketupdate,Tsx,Stocks

Traders still debating odds of 50 basis points or 25 basis points cut

The dollar slipped on Wednesday while Treasury yields edged higher and global stocks steadied as traders weighed the odds of a super-sized Federal Reserve interest rate cut later in the day.

The chances of the Fed kicking off its easing cycle with a super-sized cut of 50 basis points were revived earlier this week, after media reports raised the prospect of more aggressive action. “The worst that you can get is they go 25 and pretend that everything is normal and that monetary policy still needs to be restrictive.”The MSCI’s index of world stocks was flat after having touched a two-week high a day earlier and just below an all-time high.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 31. in CA

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.

Premarket: Global stocks pause, U.S. dollar languishes ahead of Fed update on ratesInvestors are hoping for clearer clues from U.S. central bank on Friday
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global shares trade higher on moderate optimism about tech companies and global economyEuropean stocks touch record intraday high
Source: globeandmail - 🏆 5. / 92 Read more »