'Early signs' of easing cycle working through corporate earnings

companies last week are early indications of an impact from an anticipated easing cycle in interest rates, according to analysts at Bank of America.

The Federal Reserve slashed rates by an outsized 50-basis points last month, and markets are now pricing in further borrowing costs reductions at the central bank's final two meetings in 2024. However, the prospect of slipping rates is seen tempering net interest income , or the difference between what a bank makes from loans and pays for deposits. NII is anticipated to slump in the first half of next year, the BofA analysts said.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Here's how BofA sees homebuilder stocks reacting to more Fed rate cutsHere's how BofA sees homebuilder stocks reacting to more Fed rate cuts
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »