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Fed hawks and doves: The latest from US central bankers
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Fed hawks, Fed doves: What U S central bankers are saying
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Fed hawks, Fed doves: What U S central bankers are saying
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Stocks declined and dollar rose after comments by Minneapolis Fed President Neel Kashkari dampened hopes of speedy interest rate cuts from the US central bank. S&P 500 futures lost 0.3%, indicating that the US equity benchmark will snap a six-day winning streak, while Europe’s Stoxx 600 index was little changed. West Texas Intermediate crude dropped below $80 a barrel for the first time in more than two months. The dollar strengthened. Kashkari, speaking in an interview on Fox News on Monday, said it’s too soon to declare victory over inflation. He added that while there have been three months of promising data on inflation, it isn’t enough. “There are a number of risk factors that could prevent inflation from easing in the nice, tidy sort of manner that people who are expecting a central bank pivot would like to see,” said Tom O’ Hara, a portfolio manager at Janus Henderson Investors. Meanwhile, bond markets were broadly higher, led by the UK, as Bank of Engl