Latest Market News
Research firm Veda Partners predicted a 70% chance that the Secure and Fair Enforcement (SAFE) Banking measure to open up the U.S. financial system to cannabis companies will pass Congress this year during its lame duck session after the November election, according to a note published Thursday. If Republicans re-take the House of Representatives and/or […]
Traders of fed funds futures foresee a 94% chance that the Federal Reserve will deliver a 75 basis point rate hike in June, up from 70% on Thursday and 28% a week ago, according to the CME FedWatch Tool. That would be the first Fed hike of that size since November 1994. In total, traders […]
The 10-year breakeven rate, a gauge of where investors see annual inflation rates over the next decade, is hovering around 3.03% on Friday, close to a record high, based on Tradeweb data since 2003. The rate closed above 3% for the first time on Thursday, when Federal Reserve Chairman Jerome Powell affirmed that a half-point […]
The Humane Society announced Friday that it has called on the Securities and Exchange Commission to investigate McDonald’s Corp. MCD, -1.99% “for deceiving shareholders and the public about its animal confinement policies.” The Humane Society is a shareholder, and previously filed a proposal on the company’s animal welfare practices. “McDonald’s has admitted-albeit very briefly in […]
Daily Market Outlook, April 22, 2022 Overnight Headlines Nomura Expects Fed To Hike By 75 Basis Points In June And July Fed’s Powell, Half-Point Hike In View, Completes Hawkish Pivot Fed’s Daly: Hiking Fed Policy Rate Beyond 2.5% Is Open Question Bank Of Canada Leaves Door Open To A 75-Basis-Point Rate Hike UK Consumer Confidence […]
The U.S. Dollar Index DXY, +0.54% rose almost 0.7% on Friday to 101.25, a level last seen in March 2020 when investors world-wide piled into the greenback during the onset of the COVID-19 pandemic. The dollar is getting a lift from expectations that the Federal Reserve is about to start aggressively hiking rates in order […]