Fed sending 'bit more of a hawkish message' than expected: Analyst

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The Federal Reserve decided to hold interest rates steady in September. Sonia Meskin, BNY Mellon Investment Management Head of US Macro, and Michael Kushma, Morgan Stanley Investment Management Management CIO of Broad Markets Fixed Income, join Yahoo Finance Live to discuss the Fed’s decision. Kushma explains that the FOMC's statement reiterates the 'idea of a very soft landing kind of economy, with the unemployment rate… forecast being brought down, growth being upgraded significantly for this year and next year.' “I do think this is a bit of a hawkish message and it reinforces the concern in the committee that they may have to do more to get inflation back down to two percent, as patient as they would like to be into 2026,' Meskin says. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Kokeile Lectinect Vatsaa ilmaiseksi* 30 päivän ajan!Both stocks have a good chance of doubling your investments within the next eight years, especially if you're able to buy on dips! The post Double Your Investment: The Canadian Stocks You Can’t Afford to Miss appeared first on The Motley Fool Canada.

-- A Bank of Canada official said she sees evidence higher rates are working to cool the economy, blaming a hotter-than-expected inflation reading on monthly volatility driven in part by energy and rental costs.Most Read from BloombergVegas’ Newest Resort Is a $3.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 47. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CPP Investments promotes Manroop Jhooty to head of total fund managementTORONTO — The Canada Pension Plan Investment Board has promoted Manroop Jhooty to senior managing director and head of total fund management. Jhooty joined CPP Investments in 2019 and was most recently managing director, head of exposure, leverage and liquidity management. CPP Investments chief executive John Graham says Jhooty will work closely with the chief investment officer. In his new role, Jhooty will be responsible for the total fund management department, including the balancing and fin
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Pimco’s Asia Wealth Assets Jump 20% on Demand for Fixed IncomePacific Investment Management Co.’s wealth-management business in Asia has grown this year at the fastest pace since 2018, bolstered by rising demand for fixed-income funds.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Morgan Stanley sued for $750 million by lenders to rail line, who claim fraudMorgan Stanley was sued on Monday for at least $750 million by private equity firms that claimed they were defrauded in an investment with a high-speed rail company. In a complaint filed in a New York state court in Manhattan, affiliates of Certares Management and Knighthead Capital Management accused Morgan Stanley of breach of contract and fraud for unlawfully restructuring a transaction in which they had invested in a loan to Brightline Holdings. Brightline, backed by private equity firm Fortress Investment Group and also a defendant, operates a rail system in Florida and is developing a rail line between Los Angeles and Las Vegas.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

US SEC charges investment firm linked to Russian billionaireThe U.S. Securities and Exchange Commission (SEC) on Tuesday charged Concord Management and its owner with failing to register with regulators while operating as an investment adviser to their only client, an unnamed billionaire former Russian official. Concord Management LLC of Tarrytown, New York, and owner Michael Matlin were operating as unregistered investment advisers to their client, a former Russian official with apparent connections to the Russian Federation, the SEC said in a statement.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »