Stocks rise as investors look to more Fed rate cuts

Stocks rise as investors look to more Fed rate cuts

World stock markets mostly rose Friday as investors speculated that the US central bank will cut rates not just this month, but ease monetary policy again throughout next year.

Market Doubts Hassett Can Deliver in Fed, Says PGIM’s Peters

Kevin Hassett may not have the ability to deliver the rapid pace of interest rate cuts US President Donald Trump would like even if he is approved as the next Federal Reserve Chair, said Gregory Peters, co-chief investment officer at PGIM Fixed Income.

Market doubts Hassett can deliver at Fed, PGIM’s Peters says

"I don’t think he has that credibility," Gregory Peters told Bloomberg TV. "I think that’s what the bond market is telling you.”

US stocks gain on belief Fed will cut interest rates

Stocks gained on growing confidence of an imminent US rate cut, but investors and analysts voiced worry over the expected selection of a new Federal Reserve chief they fear will compromise the central bank’s independence. Traders now project a quarter-percentage-point cut next week as nearly 90% likely. But of greater concern for bond investors is President Donald Trump’s choice for the next Fed chair, with National Economic Council Director Kev…

Bond investors voice unease over potential Hassett-led rate cuts

Bond investors have raised concerns that Kevin Hassett, a leading contender to replace Jerome Powell, may push for aggressive rate cuts aligned with President Trumps preferences. Treasury officials were briefed by major Wall Street players, who worry Hassett could prioritise political objectives over market stability and the Feds inflation mandate.

Bond investors warned of Hassett as potential Fed chair over rate-cut fears, FT reports

Dec 3 (Reuters) – Bond investors have expressed concerns to the U.S. Treasury that Kevin Hassett could aggressively cut interest rates to align with President Donald Trump’s preferences, the Financial Times reported on Wednesday, citing several people familiar with the conversations. The discussions with executives at major Wall Street banks, asset management giants and other big players in the U.S. debt market took place in November, before Tre…