The Federal Reserve is set to stand pat on interest rates this week, while economic data continues to leave open the question of what the coming months have ...
When the Federal Reserve announces it latest policy decision on Wednesday, Wall Street expects the central bank will hold rates steady while retaining the option to further raise rates if needed.
James Fishback, founder and chief investment officer at hedge fund Azoria Partners, said he thinks the Fed is on hold through the end of the year. The readings are stronger than officials would have thought at this stage in the rate-hiking cycle, raising the prospect that if the economy stays hot it could make it harder or take longer to lower inflation.
Fishback argues consumers and large companies are mostly immune to the Fed's rate increases, with lots of homeowners and companies having already locked in their borrowing at lower rates negotiated during the height of the pandemic. And now, consumers and businesses are getting 4%-5% on money parked in money-market funds or high-yield savings accounts, helping to fuel spending.
As a result, Tilley sees the Fed cutting rates by more than 50 basis points forecasted by the central bank in 2024.Hamas ambushes Israel from tunnels near Gaza border
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks and Bonds Await Federal Reserve Meeting and Employment DataThe course for stocks and bonds for the rest of the year may be determined by the Federal Reserve meeting, U.S. employment data, and earnings from Apple Inc. October has been volatile, with stocks down 3.5% for the month. The bond market, influenced by the Fed's interest rate stance and rising fiscal concerns, will play a significant role in determining market performance. Investors are concerned that higher Treasury yields could further impact stocks. Strong employment data and a hawkish message from the Fed could lead to a rise in yields.
Read more »
Big Tech Earnings and Federal Reserve's Policy Decision in FocusInvestors turn their attention to the Federal Reserve's policy decision and Apple's earnings after a challenging few months for the market. The upcoming week will also bring crucial economic data including the October jobs report and manufacturing activity readings.
Read more »
Investors More Focused on Apple Earnings Than Federal Reserve MeetingInvestors are concerned about Apple's upcoming earnings report as the company faces a slump in smartphone sales and a decline in revenue for a fourth consecutive quarter. The stock is already struggling, erasing about $460 billion in market value. If Apple shows weakness, it could have a ripple effect on other stocks.
Read more »
Asian Shares Lower Ahead of Federal Reserve DecisionAsian shares were mostly lower on Monday ahead of a Federal Reserve decision this week on interest rates. U.S. futures gained while oil prices fell more than $1 a barrel. as concerns over an escalation of the Israel-Hamas war added to uncertainty over supplies.
Read more »
Boston Bruins Place Milan Lucic on Long-Term Injured ReserveThe Boston Bruins have placed veteran forward Milan Lucic on the long-term injured reserve and have recalled forward Oskar Steen from the AHL. Lucic, who is in his second stint with the Bruins, has recorded two assists in four games this season.
Read more »