SGOV - 5 Insights From June's Upcoming FOMC Interest Rate Decision
2024-06-08 12:46:01 ET
Summary
- Stock markets reacted negatively to strong job growth data, hurting hopes of interest rate cuts from the Central Bank.
- The Federal Open Market Committee (FOMC) will issue a statement and announce its monetary policy rate decision on Wednesday.
- Investors should watch the U.S. Treasury yields and expect insights on job growth, inflation, and timing of interest rate cuts from the FOMC.
- Fed Chair Powell is unlikely to comment on rampant speculation on broken companies.
The stock markets will start the week ahead by pricing in the disappointingly strong May job growth data on Friday. Ordinary people would prefer an economy that added jobs, while stocks want it to fall so that the Central Bank cuts interest rates....
5 Insights From June's Upcoming FOMC Interest Rate Decision