Twitter
Link your Twitter Account to Market Wire News
When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
RTX - The Inflation Report Doesn't Really Change Anything
February, 15 2024 05:27 PM
Raytheon Technologies Corporation
2024-02-15 17:27:26 ET
Summary The CPI didn't decline as much as expected, causing the market to drop. Fears spread that the Fed won't cut rates for longer and might even raise rates to combat resurgent inflation. The recent bump in the CPI is likely transitory, and more significant declines in CPI inflation are expected. Also, there are other inflation gauges, like the Fed's preferred core-PCE, which is trending lower just fine. Expectations may be too hawkish now, and the Fed will likely start cutting rates at the May or June meeting. ...
For further details see:
The Inflation Report Doesn't Really Change Anything
Stock Information
Company Name:
Raytheon Technologies Corporation
Stock Symbol:
RTX
Market:
NYSE
Website:
rtx.com
Get RTX Alerts
News, Short Squeeze, Breakout and More Instantly...
Market Wire News is a media platform, the information on this page was provided by SeekingAlpha via Quote Media. Read our full disclaimer .