Will the Fed cut rates? The markets thought so as they recovered to snap a two-day losing streak
The market dropped after the Institute for Supply Management said its non-manufacturing activity index fell to a reading of 52.6 in September, the lowest since August 2016.
Stock prices bounced back from the dour economic data as bets on a third U.S. rate cut this year at Fed’s October policy meeting surged to 90% from 40%, according to CME Group’s Fed Watch tool. Traders are again expecting at least two more rate reductions by the end of 2019, which they had abandoned after the central bank described each of its last two rate cuts as a “mid-cycle adjustment.” [MMT/]
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
U.S. skies still bright for Main Street banks even as Wall Street fretsThe view from Wall Street may be all trade wars, tariffs and uncertainty these d...
Leer más »
US futures point to a higher open on Wall StreetU.S. stock index futures were trading higher on Wednesday morning.
Leer más »
Wall Street tumbles as factory activity hits 10-year lowThe S&P 500 and Dow suffered their worst tumbles in over a month on Tuesday afte...
Leer más »
Wall Street set to open lower as manufacturing shock drags onWall Street's main indexes were set to open lower on Wednesday, after hitti...
Leer más »
Wall Street eyes steepest slide in nearly six weeks on growth worriesU.S. stocks fell to more than a one-month low and were set to post their sharpes...
Leer más »