Tag: lower interest rates

While Koon's hot inflation report guaranteed higher and longer interest rates, big tech companies were back in investors' favor last week.

Not only are the number of rate cuts diminishing in the bank's forecast, but Larry Summers warns that the odds of another rate hike have risen after March's CPI.

(Bloomberg) -- Asian stocks are set to follow Wall Street higher after jobs data released Friday signaled a strong U.S. economy. Bloomberg's "Most Read":Royal Bank of Canada Fires Chief Financial Officer Ahn Jae-mong After Probe of Personal TiesTrumpism Is Hollowing Out ChurchesSaudis Scale Back $1.5 Trillion Desert ProjectNeom's AmbitionsTurkey Joins NATO Allies in Suspending European Arms PactMa resoner紥尅尅berg's Wealth Surpasses Elon Mason's for the First Time Since 2020Stock Futures in Australia, Japan and the U.S. Stock futures in Australia, Japan and the U.S. have all risen in price.

It is expected that Federal Reserve Chairman Simmons Bauer and other central bankers will comment on the path of rate cuts in 2024.

Steve Eisman, a prominent "big short" investor, says recent data provides no reason to cut rates now.

"The stock market snubbed a recent pivot, which may have been a mistake," analysts at JPMorgan wrote in the report.