Fed pause baked in after "dovish" hike
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Go back to Fed pause baked in after "dovish" hike
May 8, 2023 12:47 PM EDT
JPMorgan Strategist Marko Kolanovic: "stocks are set to weaken for the remainder of the year"
The strategist comments "Leadership is turning Defensive and we think this rotation continues into/around the last hike on the back of our view that US bond yields will be flat/down,... More
May 4, 2023 9:25 AM EDT
Citi continues to expect two more 25bps rate hikes, analyst Andrew Hollenhorst said Thursday after the US Federal Reserve voted to raise rates to a 16-year high on Wednesday.
The Fed increased its key interest rate by 0.25 percentage points to between 5% and 5.25%.
Hollenhorst said in a... More
May 4, 2023 4:42 AM EDT
S&P 500 futures are trading modestly higher in pre-market Thursday trading following a Fed-linked selloff on Wednesday.
The benchmark U.S. stock market index fell 0.7% yesterday while Dow Jones Industrial Average and Nasdaq Composite lost 0.8% and 0.46%, respectively, after the Federal Reserve raised rates by another 25 basis points.
Investors are still digesting the FOMC statement as the Fed took out prior language that pointed toward more hikes and said it will remain data-dependent before deciding on its next steps. The latest increase pushed the benchmark federal funds rate to a target range of 5-5.25%, the highest level since... More
