The Wall Street consensus after the Federal Open Market Committee meeting concluded Wednesday was equally cautious.
"Our banks analysts see a meaningful increase in funding costs ahead, which would lead to tighter lending standards, slower loan growth, and wider loan spreads," Ellen Zentner, chief U.S. economist at Morgan Stanley, said in a client note.
Though the FOMC's "dot plot" pointed to one more hike, taking the terminal rate to 5.1%, traders on Thursday weren't buying it. Futures contracts showed a 66% probability that the Fed would stay put at the May meeting, according to the CME Group's FedWatch indicator . From there, the market expects the Fed to hold steady in June and then start cutting in July.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Wall Street advances as bank jitters take back seat to Fed By Reuters⚠️BREAKING: *FIRST REPUBLIC LEADS REGIONAL BANK RALLY AS TREASURY SECRETARY YELLEN VOWS AT MORE ACTION IF NEEDED $FRC
Leer más »
Wall Street ends green on bank bounce as Fed takes focusWall Street closed sharply higher on Tuesday as widespread fears over liquidity in the banking sector abated and market participants eyed the Federal Reserve, which is expected to conclude its two-day policy meeting on Wednesday with a 25 basis-point hike to its policy rate.
Leer más »
Wall Street ends green on bank bounce as Fed takes focus By Reuters⚠️BREAKING: *U.S. STOCKS SOAR AS BANK JITTERS RECEDE AHEAD OF FED RATE DECISION 🇺🇸🇺🇸
Leer más »
Bets on Wall Street 'fear gauge' could rattle U.S. stocks after Wednesday Fed decisionA large slug of option contracts tied to the Cboe Volatility Index are set to expire on Wednesday, which could potentially amplify stock-market volatility on...
Leer más »
Wall Street spikes as Fed hints at rate hike pauseWall Street jumped after the U.S. Federal Reserve concluded its monetary policy meeting on Wednesday by hiking its key policy rate by 25 basis points, as widely expected.
Leer más »