30 minutes ago
Economists say Fed Chair Jerome Powell will be less transparent this week
Gregory Daco, chief economist at EY, said the Federal Reserve chairman may not provide much clarity at the central bank’s policy meeting starting Tuesday.
“We expect Fed Chairman Powell to be less transparent about the possibility of rate cuts being ‘live’ at his May and June meetings than he was in January,” Darko said in a note Friday. . “However, we believe that Fed policymakers are beginning to discuss not just policy easing, but also the timing and logistics of phasing out the process of quantitative tightening of the balance sheet. Expect.”
— Brian Evans
1 hour ago
Stock futures little changed
Stock futures were little changed on Sunday as Wall Street awaited insight on interest rate cuts ahead of this week’s Federal Reserve policy meeting.
Dow Jones Industrial Average futures fell 20 points, or 0.05%, while Nasdaq 100 futures rose 0.1%. Futures tracking the S&P 500 remain near the flatline
— Brian Evans
