S&P 500 (^GSPC)
- Yahoo Finance Video
Probability of 3 rate cuts this year still uncertain: Strategist
With the Federal Reserve keeping interest rates higher for longer, the debate over when the next rate cut will occur is keeping Wall Street on its toes. Many events on the horizon could affect the Fed as it analyzes economic data, but the upcoming Presidential election could be a big factor. Deutsche Bank Americas Chief Investment Officer Deepak Puri joins Catalysts to discuss the path for the Federal Reserve to cut rates multiple times and the factors that impact the Fed's decisions. "Our base case is that we still are going to see one to two rate cuts this year and another one early next year. And I think the rate cuts, it's really the timing that's been pushed back. Now, looking at probably June, July out, September most likely the first month where rate cuts would come into picture, and most likely, post election. You have two Fed meetings post elections, and those could be the live meetings for rate cuts and that's what market needs to factor now in." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Fed holds rates, Apple earnings, Peloton CEO: 3 Things
The Federal Reserve has elected to continue to hold rates steady, with Chair Jerome Powell echoing the decision suggesting rates will stay higher for longer in his press conference on Wednesday. Apple (AAPL) will report its fiscal second-quarter earnings after today's closing bell, with many eyes on Apple's performance in China after reported sluggishness in recent iPhone sales. Shares of Peloton (PTON) are moving higher in Thursday's pre-market session following reports of CEO Barry McCarthy's plans to step down. Yahoo Finance Reporters Jared Blikre, Dan Howley, and Madison Mills join the Morning Brief to break down the three things investors need to know ahead of May 2's market open. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance
Whether Wall Street garden leaves survive noncompete ban is an 'open question'
Some 'garden leave' agreements that Wall Street uses to protect secrets are expected to survive the FTC's new noncompete ban, but some probably won't.
