Stocks rise again, helped by Fed pause hopes

The growing consensus that the Fed is on pause has helped drive a sharp rebound in stock prices over the last several sessions.Odds derived from prices in the Fed Funds futures market suggest traders think there's a roughly 90% probability that the Fed leaves its target rate — now 5.25%-5.5% — untouched at its next meeting on Dec. 13.

In September, the same market put the odds that the target rate would sit in that range after the December meeting at just 50%.The S&P 500 rose for the sixth straight day on Monday as it posted a modest gain of 0.2%."Last week's rally should fizzle out over the next week or two as it becomes clear the growth picture does not support either Fed cuts or a significant acceleration in growth in the near term," wrote Mike Wilson, chief U.S.

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.

Asian stocks surge as Fed rate hike bets recede; China data on tapAsian stocks surge as Fed rate hike bets recede; China data on tap
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks sink as post-Fed rally cools; China trade, RBA in focusAsian stocks sink as post-Fed rally cools; China trade, RBA in focus
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Stocks extend run as markets see Fed rate cuts on the horizionStocks will enter this week much as they ended last, with investors looking for Fed rate cuts amid a modestly slowing economy and a cooling labor market.
Source: startelegram - 🏆 248. / 63 Read more »

Fed Approves Rules Banning Its Officials From Trading Stocks, Bonds and Also CryptocurrenciesFed officials won’t be able to trade stocks and bonds — as well as cryptocurrencies — under new rules that became formal Friday.
Source: nbcchicago - 🏆 545. / 51 Read more »