Stay updated with breaking news from March Chicago. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A look at the day ahead in U.S. and global markets from Mike Dolan With Wall St set for its final trading day of a bumper first quarter, the Federal Reserve seems in no rush to...
With Wall St set for its final trading day of a bumper first quarter, the Federal Reserve seems in "no rush" to lower interest rates just yet - buoying the dollar as other central banks chomp at the bit. Fed Governor Christopher Waller set the tone for the Easter break on Wednesday indicating the central bank was being patient rather than hesitant in lowering borrowing costs this year. Although the comments marginally shaved expectations for a rate cut as soon as June - and nudged two-year Treasury yields back up - it was also clear Waller was merely talking about timing.
The Dow rallied 478 points, bolstered by Merck and Intel. The S&P 500 closed at a record high and finished within 13 points of its intraday record.
Updated Price for Soybean (CBOT: ZSX20). Charting, Price Performance, News & Related Contracts.
:max_bytes(150000):strip_icc()/WheatField2-CloseUp-d3b78c85fe4b4e7abbb587b478569397.jpg)
The year ahead could be very interesting, depending on how expected production numbers change, says market analyst Bryan Doherty.