Wall Street advances as traders' bets rise for bigger Fed rate cut

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Go back to Wall Street advances as traders' bets rise for bigger Fed rate cut

Goldman Sachs Still Sees 25bps Easing by Fed Next Week, Sees 25bps in Nov and 25bps in Dec, Total Cuts by Y/E of 75bps

September 13, 2024 3:34 PM EDT

Goldman Sachs Still See 25bps Easing by Fed Next Week, Sees 25bps in Nov and 25bps in Dec, Total Cuts by Y/E of 75bps

The analyst comments "Jan Hatzius reiterates our view that the US labor market is slowing but not lurching towards recession in a fresh Global... More

Cit Lowers Easing Expectation to 25bps by Fed Next Week, Sees 50bps in Nov and 50bps in Dec, Total Cuts by Y/E of 125bps

September 13, 2024 3:31 PM EDT

Cit Still Sees 25bps Easing by Fed Next Week, Sees 50bps in Nov and Dec, Total Cuts by Y/E of 125bps

The analyst comments "Labor market data show an economy sliding toward recession with the rise in the unemployment rate likely to accelerate in coming months. We... More

AAII sentiment survey: pessimism rises

September 13, 2024 10:41 AM EDT

Pessimism among individual investors has risen, according to the latest survey from the American Association of Individual Investors (AAII).

Bearish sentiment, which reflects expectations that stock prices will decline over the next six months, is said to have jumped by 6.0 percentage points to 31.0%.

According to the AAII, the increase brings bearish sentiment in line with its... More