FTNT - Wall Street Lunch: A Day For The Doves
2024-06-12 17:21:00 ET
Summary
- CPI comes in cooler than expected, cheering rate Doves.
- Fed holds rates and dials back rate cut expectations for 2024.
- Global oil demand expected to peak by 2030, creating major supply surplus.
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Fed holds rates , now sees just one rate cut in 2024. (2:11) May CPI comes in cooler than expected. (3:26) Nasdaq, S&P come rally to new record highs as yields sink. (0:54)
Welcome to our special Fed edition of Wall Street Lunch.
It was a Dovish Fed Day. It started with what Fed chief Jay Powell called a “better inflation report than almost anybody expected” and neither the statement, nor the dots, nor the press conference shifted that market sentiment....
Wall Street Lunch: A Day For The Doves