Live Nasdaq Composite: Tech Stock Strength Buoys Market Sentiment Despite Hawkish Fed
The median year-end rate estimate rose to 3.8% from 3.4%, and futures turned higher after an earlier sell-off in stocks and bonds.
- On Wednesday, the Federal Reserve kept the benchmark interest rate unchanged between 3.5% and 3.75% during the first meeting led by Fed Chair Kevin Warsh, though the committee's 'dot plot' signaled potential hikes later this year.
- Policymakers raised the median year-end interest rate estimate to 3.8% from 3.4% in prior projections, suggesting at least one rate hike remains possible in 2026. Warsh downplayed immediate tightening, noting the Fed will revisit the outlook in six weeks.
- Markets reacted negatively, with the S&P 500 falling 1.21% and the Nasdaq Composite losing 1.34% on Wednesday. David Zervos, chief market strategist at Jefferies, said "the market doesn't like regime change."
- Elevated inflation concerns divide the committee, with only about half still projecting rate hikes later this year, said Sonu Varghese, chief macro strategist at Carson Group. Oil prices edged up on Wednesday after President Donald Trump indicated the Iran agreement remains unsettled.
- Warsh broke with past practices by declining to submit an interest-rate-path projection during the quarterly forecast, leaving traders to monitor May's leading indicators and June's Philadelphia Fed Index reading.
17 Articles
17 Articles
Live Nasdaq Composite: Tech Stock Strength Buoys Market Sentiment Despite Hawkish Fed
Live Updates Interest Rate Trajectory 14 minutes ago Live The Federal Reserve held rates steady at 3.25% at its June meeting, marking Kevin Warsh’s first decision as Fed Chair, but the updated dot plot signaled a notably more hawkish path forward than markets had been pricing in. Policymakers now project a slower pace of rate ... Live Nasdaq Composite: Tech Stock Strength Buoys Market Sentiment Despite Hawkish Fed
US Fed's hawkish hold strengthens case for BOK rate hike in July
The U.S. Federal Reserve's hawkish signal has reinforced expectations that the Bank of Korea (BOK) will raise interest rates as early as next month, market observers said Thursday. With inflation concerns persisting in both countries, monetary officials in Washington and Seoul are increasingly focused on restoring price stability, potentially marking the start of a renewed tightening cycle in both economies. The Fed held its benchmark interest r…
LatAm Pre-Open June 18: The Fed Kills the Rate-Cut Dream and Wall Street Tumbles
LatAm Pre-Open: a hawkish Fed signaled rate hikes, not cuts, sinking Wall Street and gold - but Latin America held firm, with Peru's Credicorp up 6%. The post LatAm Pre-Open June 18: The Fed Kills the Rate-Cut Dream and Wall Street Tumbles appeared first on The Rio Times.
Fed Holds Rates Steady But Signals Future Tightening; Dow Futures Jump 260 Points, Oil Is At $75.99
On Wednesday, U.S. stock futures advanced as investors digested the Federal Reserve's decision to leave interest rates unchanged. Dow, S&P 500 And Nasdaq Futures Move Higher Dow futures rose 260.00 points, or 0.50%, to 51,779.00, while S&P 500 futures gained 54.25 points, or 0.73%, to 7,478.75 and Nasdaq 100 futures climbed 351.50 points, or 1.18%, to 30,039.00 as of around 8:52 p.m. EDT. In commodities, WTI crude oil fell 1.04% to $75.99 per ba…
The Fed does not address the interest rates as expected, but allows us to see that this could change over the course of the year. The US stock exchanges cause the discomfort, while the euphoria about the announced Iran deal subsides.
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