41 Mins Ago
Expect less transparency from Fed Chair Jerome Powell this week, economist says
Federal Reserve Chair could offer less clarity during the central bank’s policy meeting beginning on Tuesday, according to EY chief economist Gregory Daco.
“We look for Fed Chair Powell to be less transparent than he was in January regarding the May and June meetings being ‘live’ for potential rate cuts,” Daco said in a Friday note. “However, we do anticipate he will stress that Fed policymakers have started discussing policy easing as well as the timing and logistics of tapering the balance sheet quantitative tightening process.”
— Brian Evans
An Hour Ago
Stock futures are little changed
Stock futures were little changed on Sunday, as Wall Street waits for insight on interest rate cuts ahead of the Federal Reserve’s policy meeting this week.
Dow Jones Industrial Average futures slipped 20 points, or 0.05%, while Nasdaq-100 futures ticked up 0.1%. Futures tied to the S&P 500 hovered near the flatline
— Brian Evans
