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Morning Bid: News vacuum sucks momentum from markets

Stock market momentum is waning as a dearth of fresh economic clues sees the feverish punting over the pace of Federal Reserve rate cuts finally settle down. AI fever aside, the Fed sits squarely at the center of the market universe, with all asset classes in its orbit. Investors rushed to reintroduce Fed easing bets after a long-in-coming downside CPI surprise last week, but Fed officials have been less sanguine, collectively striking a cautious posture.
United Kingdom United States Christopher Waller Kevin Buckland Stephen Coates Andrew Bailey
Source: yahoo.com

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