S&P 500 Near Low Heading Into Close, Down 2.9%
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- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Super Micro Computer establishes $1.25 billion stock sale agreement
JPMorgan Expects Fed's Powell To Reiterate Likelihood of 50bp Move in July Along with Downplay Potential for September Pause
June 13, 2022 8:04 AM EDTJPMorgan analyst Michael Feroli comments "At the conclusion of next weeks FOMC meeting we, and nearly everyone, expect that the Committee will raise the target range for the funds rate by 50bp to 1.25-1.5%. Since this has already been well telegraphed, the more interesting development will be what the updated interest rate forecast dots say about the path beyond June. In March the median FOMC participant projected a 22 year-end funds rate of 1.875%; we expect that next week this figure will be revised up to 2.625%. We expect that the... More
