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Barkin says Fed would be 'smart' to take its time to cut rates due to persistent inflation No one wants inflation to reemerge, Thomas Barkin said in a speech to homebuilders in Virginia, citing...
U.S. stocks turned lower in afternoon trading on Thursday as investors weighed the latest comments by Federal Reserve officials and the outlook for possible interest rate cuts this year. ...
The three major stock indexes fell more than 1% each and the S&P 500 had its biggest daily percentage drop since Feb. 13 on Thursday as Federal Reserve officials took a cautious approach in comments on the outlook for interest rate cuts, and investors braced for Friday's monthly jobs report.
Stocks initially rose on positive jobless claims report, but dropped later as Fed officials expressed doubts about interest rate cuts this year.
U.S. Treasury yields fell on Thursday, a day after hitting multi-month highs, as labor market data showed moderation, which supported expectations the Federal Reserve could start easing some time this... -April 04, 2024 at 04:38 pm EDT - MarketScreener