As economy reverses, expect 3 rate cuts this year: Strategist

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 48 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 63%

Federal Reserve News

Interest Rates,Market Domination

Several Federal Reserve leaders offered commentary this week, suggesting that the central bank will remain patient before cutting interest rates. The debate ...

Several Federal Reserve leaders offered commentary this week, suggesting that the central bank will remain patient before cutting interest rates. The debate as to when the Fed will cut rates continues, as

Let's bring in Dan S Kelly managing director at Morgan Stanley Wealth Management, Dan, it is good to see you.Jet the Dow here on track for its eighth winning session in a row.So what we would say is the sell off that we saw since uh late March uh was really more of an adjustment selloff, right? So the likelihood that NVIDIA is gonna at least meet if not, maybe even again, exceed expectations has been rising.You've seen utility nuclear and gas plays start to see bi big earnings revisions because all of the big tech platforms are spending on data center infrastructure.

We're seeing that also just in what we call the Fortune 100 the companies that are well capitalized quality names frankly across uh a host of industries, whether it be manufacturers, healthcare, financials. As we talked about the potential M and A and deal flow versus domestic vacation spend, which was a completely kind of reopening revenge travel.

 

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.

Surprising job numbers could prompt federal reserve to cut earlyThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

U.S. Federal Reserve holds interest rate, saying it will take 'longer than expected' to start cuttingFederal Reserve Chair Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., March 7, 2023.
Source: CBCNews - 🏆 2. / 99 Read more »