FSMD - S&P 500 Sees More Fallout From Delayed Rate Cut Expectations

2024-04-16 02:35:00 ET

Summary

• The repercussions of delayed rate cuts continued to shake out in the U.S. stock market in the past week.
• The S&P 500 (Index: SPX) dropped a little over 1.5% from where it ended the previous week to close at 5,123.41 on Friday, 12 April 2024.
• With the change in outlook for rate cuts, the CME Group's FedWatch Tool now projects the Fed will hold the Federal Funds Rate steady in a target range of 5.25-5.50% until 31 July 2024.

The repercussions of delayed rate cuts continued to shake out in the U.S. stock market in the past week. Overall, the S&P 500 (Index: SPX ) dropped a little over 1.5% from where it ended the previous week to close at 5,123.41 on Friday, 12 April 2024....

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