U.S. stocks fell sharply on Tuesday, weighed by reduced expectations for early interest rate cuts as well as hefty losses by EV heavyweight Tesla. The strong U.S. manufacturing activity data on Monday saw traders push back expectations of the Federal Reserve's first interest rate cut this year. The U.S. economy is expected to have added 205,000 jobs in March, slowing from the 275,000 jobs added in February, amid hopes that the economy is set for a "soft landing", in which inflation moderates but the economy avoids a severe downturn. A host of Fed officials including New York Fed President John Williams, Cleveland Fed President Loretta Mester and San Francisco President Mary Daly are also scheduled to speak later in the day. The CME's FedWatch tool now factors in around 62% odds of a Fed rate cut in June, down from about 70% probability a week ago
U.S. stocks fell sharply on Tuesday due to reduced expectations for early interest rate cut s and heavy losses by Tesla . The strong U.S. manufacturing activity data on Monday pushed back expectations of the Federal Reserve 's first interest rate cut this year.
The U.S. economy is expected to have added 205,000 jobs in March, slowing from the previous month. Fed officials are scheduled to speak later in the day. The CME's FedWatch tool now predicts a 62% chance of a Fed rate cut in June.
U.S. Stocks Interest Rate Cuts Tesla Manufacturing Activity Federal Reserve Jobs Economy Inflation Fed Officials Rate Cut
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.
Forex Today: The Fed, the whole Fed and nothing but the FedThe Greenback managed to maintain its multi-session constructive bias well and sound and propel the USD Index (DXY) back above 104.00, albeit ephemerally.
Lire la suite »
UAW President touts President Biden’ union engagement as motive to have his backThis is additional taxonomy that helps us with analytics
Lire la suite »
Kamala Harris to visit an abortion clinic, a first for a president or vice presidentYamiche Alcindor is an NBC News Washington correspondent.
Lire la suite »
Harris will visit an abortion clinic, a first for any president or vice presidentVice President Harris is planning to tour a Minnesota abortion clinic during a trip to the Twin Cities on Thursday. It's believed to be a first for a vice president or president.
Lire la suite »
Harris will visit an abortion clinic, a first for any president or vice presidentVice President Harris is planning to tour a Minnesota abortion clinic during a trip to the Twin Cities on Thursday. It's believed to be a first for a vice president or president.
Lire la suite »
Former Vice President Mike Pence says he’s not endorsing Donald Trump for presidentFormer Vice President Mike Pence says he will not be backing Donald Trump in the 2024 election.
Lire la suite »