Here's why the stock market is having such a massive rally today

Michael M. Santiago | Getty Imagesand instead focused on the longer-term prospects for economic growth, interest rates and inflation.

The 1.1% annualized increase for the first quarter would have been stronger had it not been for an inventories drag, while a stronger-than-expected inflation reading may have been front-loaded to the early part of the year and not representative of where prices are heading. "The data are setting the Fed up nicely for next week's meeting," LPL chief economist Jeffrey Roach said. "As growth and inflation slow, the Fed can legitimately transition to a pause and then perhaps an outright cut in rates by the end of the year if the economy deteriorates."

Following the release, traders solidified the chance for a quarter percentage point interest rate increase when the Federal Reserve meets next week. However, markets also still expect at least half a point worth of rate cuts before year-end and then much more aggressive reductions through 2024, according to the CME Group's

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

GDP report points to dreaded stagflation, but these stocks can still work in this environmentInvestors may want to prepare themselves for stagflation after Thursday's first quarter GDP report showed lackluster economic growth and high inflation.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Stock market today: Global shares up ahead of US GDP updateAsian shares mostly rose Thursday, despite lingering worries about the U.S. banking sector and inflationary pressures that weighed on investor sentiment.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »

5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Wall Street investors recession bet may cause bond, stock market crashInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »