Futures dither after Wall St rout; Fed rate verdict in focus

Canada News News

Futures dither after Wall St rout; Fed rate verdict in focus
Canada Latest News,Canada Headlines
  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

(Reuters) - Futures tracking Wall Street's main indexes were flat to slightly higher on Monday after a pounding in the prior session and ahead of a ...

- Futures tracking Wall Street's main indexes were flat to slightly higher on Monday after a pounding in the prior session and ahead of a widely expected pause in Federal Reserve interestaFrite Restaurant's Fight for Survival: little Halifax versus Halifax's little Toronto | SaltWire - Futures tracking Wall Street's main indexes were flat to slightly higher on Monday after a pounding in the prior session and ahead of a widely expected pause in Federal Reserve interest rate hikes...

A slew of recent hotter-than-expected economic data has eased recession concerns without raising fears of a September rate hike. However, a jump in energy prices emerged as a threat to inflation that still remains above the Fed's 2% target. While Goldman Sachs expects the central bank to lift its economic growth projections this week, much like other big investors, such as J.P. Morgan Asset Management and Janus Henderson Investors, it expects rates to have peaked.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

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.

Futures dither after Wall St rout; Fed rate verdict in focusFutures dither after Wall St rout; Fed rate verdict in focusA slump in chipmakers on concerns of weak demand and bruised mega-cap growth stocks due to rising Treasury yields pushed the S&P 500, Nasdaq and Dow tumbling between 0.8% and 1.5% on Friday, their worst single-day fall since Aug. 24. Traders almost unanimously expect the Fed to keep rates unchanged at 5.25% to 5.5% at its meeting on Wednesday, while the odds for another pause in November is at 69%, according to the CME FedWatch Tool. 'Further rate hikes would risk sending the economy into a hard landing scenario,' said Thomas Simons, U.S. economist at Jefferies.
Read more »

In the Market: Fed beware the banking crisis of MarchIn the Market: Fed beware the banking crisis of MarchBy Paritosh Bansal (Reuters) - Cadence Bank CEO Dan Rollins calls the regional banking crisis from earlier this year
Read more »

London police arrest a man who allegedly climbed over a wall near Buckingham Palace stablesLondon police arrest a man who allegedly climbed over a wall near Buckingham Palace stablesLondon police arrested a 25-year-old man early Saturday morning after he allegedly climbed over a wall and entered the royal stables at Buckingham Palace.
Read more »

Fed unlikely to raise rates in November, says Goldman SachsFed unlikely to raise rates in November, says Goldman Sachs'On November, we think that further labor market rebalancing, better news on inflation, and the likely upcoming Q4 growth pothole will convince more participants that the FOMC (Federal Open Market Committee) can forgo a final hike this year, as we think it ultimately will,' the investment bank's strategists wrote in a report. Goldman’s strategists, however, wrote that they expect the Fed's 'dot plot,' which reflects policymakers' interest rate projections and will be updated on Wednesday, to show 'a narrow 10-9 majority still penciling in one more hike, if only to preserve flexibility for now,' they wrote.
Read more »

Fed’s Policy Paradox: Too-Slow Growth Threatens Inflation FightFed’s Policy Paradox: Too-Slow Growth Threatens Inflation FightFaced with only limited signs of a slowdown in US demand despite more than five percentage points of interest-rate hikes, logic would say the Federal Reserve needs to do more.
Read more »

Asia Stocks Look Set to Fall on Wall Street Losses: Markets WrapAsia Stocks Look Set to Fall on Wall Street Losses: Markets Wrap(Bloomberg) -- Asian equities look set to open lower following tech-led declines on Wall Street Friday as investors look ahead to a week that includes Federal Reserve and Bank of Japan meetings. Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After Tricking IT Service DeskThe World Is Struggling to Make Enough DieselHouse Republicans Prepare to Turn US Government Shutdown Into Immigration ClashUltra-Rich Buy Ultra-Luxury Counseling
Read more »



Render Time: 2025-02-23 14:36:42