(Bloomberg) -- State Street Global Advisors is bucking the recent hawkish shift in market consensus to bet that the Federal Reserve will cut interest rates...
-- State Street Global Advisors is bucking the recent hawkish shift in market consensus to bet that the Federal Reserve will cut interest rates by 50 basis points as soon as June.The $3.6 trillion asset manager thinks the Federal Reserve will front-run monetary easing ahead of the US presidential election in November. By the end of the year, the firm expects reductions to total 150 basis points — two and a half times what markets are currently pricing.
“There’s a compressed time horizon here,” she said. “Obviously the Fed will say they are not political but there will be a lot of scrutiny and they won’t want to be active in that window right around the election.” The declines are reducing a potential windfall for Trump who could sell his shares to raise money for his 2024 presidential campaign and legal expenses, although lock-up restrictions for six months could prevent him from selling or borrowing against his shareholding. Former U.S. President Trump - who owns about 78.75 million shares in the company - has seen a sharp slide in the valuation of his stake from around $6 billion last month.
An ex-GOP congressman blasts the 'populist wave' that he says has corroded conservatism: 'Now we're impeaching people like it's some kind of carnival'The former president has made a series of last-ditch efforts to stall his first of four criminal trials, including suing New York Justice Juan Merchan on MondayArriveCan contractor found in contempt of Parliament, ordered to appear before the...
Bloomberg Federal Reserve State Street US Presidential Election Lori Heinel Treasury Yields Basis Points Asset Manager
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Colorado uses strong second half to take down Kansas StateTameiya Sadler scored all 10 of her points in the second half to lead a balanced scoring attack and No. 5 seed Colorado beat four-seed Kansas State 63-50 on Sunday to advance to the Sweet 16.
Lire la suite »
State Street Boosts Platforms, Extends Staff Shifts to Prep for Settlement Rule ChangeState Street Corp. has spent more than a year preparing its technology for faster settlement times, joining a slew of financial institutions making adjustments to avoid failed trades that could occur as a result of new regulations that come into effect late May.
Lire la suite »
State Street and Citigroup See Franc Replacing Yen for Carry TradesTraders are starting to turn to the Swiss franc as the top choice for funding carry trades instead of the yen, potentially alleviating pressure on the Japanese currency.
Lire la suite »
Gov. Gavin Newsom Postpones California State of the State AddressDelay due to California’s Proposition 1 measure for funding on mental health, a key component to Newsom's agenda, remaining undecided as ballots are still being counted.
Lire la suite »
Grambling State beats Montana State in OT in First Four, faces Purdue nextJimel Cofer scored all 19 of his points in the second half and overtime and Grambling State rallied from a 14-point deficit to beat Montana State 88-81 to earn its first NCAA Tournament win in program history in the First Four on Tuesday night.
Lire la suite »
Izzo, Michigan State pick up another first-round win in March Madness, topping Mississippi StateTyson Walker scored 19 points and Michigan State coach Tom Izzo picked up his 20th win in the first round of the NCAA Tournament as his ninth-seeded Spartans beat eighth-seeded Mississippi State 69-51 on Thursday.
Lire la suite »