US equity futures climbed, signaling a recovery following a tumultuous day of losses on Wall Street Wednesday.
Treasury Secretary Janet Yellen told lawmakers that the government wasn’t considering “blanket” deposit insurance to stabilize the US banking system, sending stocks in the sector rapidly lower. At around the same time, following the Federal Reserve’s expected 25-basis-point hike, Chair Jerome Powell was pushing back against bets for rate cuts this year and said he was prepared to keep raising borrowing costs until inflation showed signs of cooling.
While markets are in a “higher volatility regime” these days amid uncertainly over the outlook for rates and economic growth, a degree of moderation is possible Thursday, according to John Bromhead, a strategist at Australia & New Zealand Banking Group. “I suspect now the major risk event is out of the way, risk-tone can improve through the day,” he said.
“I would not expect the market to take these rate cuts out in the near term and could very well price in more cuts if the data deteriorates from here,” Matthew Hornbach, global head of macro strategy at Morgan Stanley, told Bloomberg Television.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »