“I don’t think the Fed will cut within this year,” Jun Bei Liu, portfolio manager at Tribeca Investment Partners, said on Bloomberg Television. “The Fed was behind the curve in terms of putting up their interest rate and they certainly are going to be very slow in cutting the interest rate.”
Fed Bank of New York president John Williams said prior Fed indications that would see rates rise to 5.1% remain accurate. Treasury 10-year notes held the gains from a rally on Wednesday in the wake of a strong auction. Australian and New Zealand government bonds were largely unchanged. The index of the dollar and the yen were flat.
A 7.7% drop for Alphabet shares amplified the hit to tech stocks as investors showed concern that its new artificial intelligence chatbot Bard may yield inaccurate responses.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks steady after day of steep lossesDollar strong as markets reassess rates outlook
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »