The economic data particularly in the U.S. has continued to be strong, with reports Thursday showing a less-than-expected drop in durable goods orders and, with the 5.2% gain in pending home sales well above the 2% market expectation.
Still, the market is looking for the Fed to help stem what has been the worst week on Wall Street since the financial crisis.While that response would likely come in the form of an interest rate cut or series of cuts, there's also some sentiment that the Fed could start up another round of quantitative easing to stimulate growth.
"We think a 10% S&P 500 equity index drawdown would prompt the Fed to act decisively, cutting rates and perhaps even stepping up its asset-buying program," Alain Bokobza, head of global asset allocation at Societe Generale, said in a note to clients.
Source: News Formal (newsformal.com)
what's resisting
If the market is setting the rates, who needs the FED?
In Feruary alone...............😯
75bps. So nice.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kudlow says he's not expecting the Fed to make a 'panic move' and cut interest ratesLarry Kudlow has a history of saying things that turn out not to be the truth. He has zero credibility! I wish they would! People's retirements are being ruined in 2 days!! I’m done with CNBC screaming fire in a crowded theater
Source: CNBC - 🏆 12. / 72 Read more »
Fed officials hesitant to slash interest rates as coronavirus fears batter markets - Business InsiderFed officials signaled this week that it was too early to tell whether the central bank would need to step in to tackle potential coronavirus effects.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus could drive the US economy into recession, ex-Fed chief Janet Yellen warns | Markets InsiderEx-Federal Reserve Chair Janet Yellen warned coronavirus could cause the US economy to shrink, according to Bloomberg. 'It's just conceivable th... Have to print money, eh? Finally money for all! 'Ex-Fed chief' Could?
Source: BusinessInsider - 🏆 729. / 51 Read more »
March Outlook: With Earnings Slowing And Fed Surprise Unlikely, Politics Take ChargeUntil late February, it looked like March might be a transitional kind of month, with earnings behind and the U.S. election season ahead. However, February ended with fears of the coronavirus spreading rapidly
Source: Forbes - 🏆 394. / 53 Read more »
Too white, too male: Fed takes on diversity one bank board member at a timeHow political pressure and internal changes at the Federal Reserve helped make the central bank’s influential boards more diverse So insted of monolithic tyranny we get diverse tyranny. I feel much better now. PROGRESSSSSS Merit diversity.
Source: Reuters - 🏆 2. / 97 Read more »
Dollar nurses losses as epidemic fuels talk of Fed rate cutThe dollar nursed losses on Wednesday as rising expectations of a U.S. rate cut ... Nie będą
Source: Reuters - 🏆 2. / 97 Read more »