Markets no longer view the December rate cut as a sure bet, with Fed officials casting doubts

Markets no longer view the December rate cut as a sure bet, with Fed officials casting doubts


Key Points
  • Federal Reserve Chair Jerome Powell wasn’t kidding a couple weeks ago when he said a December rate cut wasn’t in the bag.
  • Whereas traders as recently as a few days ago were pricing in at least a 2-to-1 probability of a quarter percentage point cut, that’s now flipped to a coin toss.
  • As markets grew much less confident about a December cut, stocks slumped Thursday while Treasury yields moved higher.



Source

As stocks and bonds fall, and oil hits 0, a futures trade that boomed in 2022 may again be a winner
Finance

As stocks and bonds fall, and oil hits $100, a futures trade that boomed in 2022 may again be a winner

ETF Edge As stocks and bonds fall, and oil hits $100, a futures trade that boomed in 2022 may again be a winner Published Sat, Mar 28 20268:00 AM EDT Krysta Escobar WATCH LIVE Source

Read More
This bargain fintech stock is stuck in a five-year rut. A turnaround is coming
Finance

This bargain fintech stock is stuck in a five-year rut. A turnaround is coming

Source

Read More
Stocks making the biggest moves premarket: AstraZeneca, Unity Software, Coinbase & more
Finance

Stocks making the biggest moves premarket: AstraZeneca, Unity Software, Coinbase & more

Check out the companies making the biggest moves premarket: AstraZeneca — The pharma giant rose 3% after its experimental drug, tozorakimab, was found to meaningfully reduce flare-ups in cases of chronic obstructive pulmonary disease. The drug delivered the results in two late-stage trials, and the company said full results will be delivered at an upcoming […]

Read More