It’s here — the Federal Open Market Committee meets on Tuesday for a two-day meeting that is expected to end with lower interest rates and Federal Reserve Chairman Jerome Powell stating for the umpteenth time from the podium that no, President Donald Trump is not directing interest rates.
Growth stocks — because they are by definition long-duration assets — and yield stocks should benefit, the strategists say. The buzz Beyond Meat BYND, -11.10% was the talk of markets after reporting better than expected sales, and then announcing a big stock sale of 3.25 million shares Whether you think the valuation is insane or not, good luck shorting it — as of Monday, shares were commanding a borrow fee of 135.9%, rising to 150% for new borrows, according to analytics firm S3 Partners.
Data released by the Commerce Department showed the weakest rise in consumer spending in four months in June, alongside scant inflation of just 1.4% over 12 months, well below the Fed’s 2% target.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Wall Street set to open lower as focus shifts to Fed meeting, Apple earningsWall Street's main indexes were set to open lower on Tuesday, as worries ab... Meh.
Leggi di più »
These stocks are winners when the Fed decides to start cutting ratesFor investors looking to play the anticipated rate cut, here are the sectors that have done well in the past when the Federal Reserve embarked on easing cycles.
Leggi di più »
Stocks edge lower on mega-cap tech losses as investors await the FedBoth the S&P 500 index and Nasdaq composite fell in US trading on Monday, while the Dow Jones Industrial average edged higher. Aye right. If only things were so simple.
Leggi di più »