Fed, cut rates
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It's an important week for banks and the financial sector (XLF), from the Federal Reserve's interest rate decision to Goldman Sachs's (GS) industry conference. Yahoo Finance Senior Reporter David Hollerith joins Market Domination Overtime host Josh Lipton to outline what's in store for the sector this week.
Investors are pretty much convinced that the Federal Reserve will cut interest rates this afternoon, but they’ve been increasingly expecting a “hawkish cut.” That is, they expect the Fed to signal caution about cutting rates further in 2026,
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Elizondo, multi-asset solutions co-CIO at Goldman Sachs Asset Management, talks about what move to expect from the Federal Reserve tomorrow. "We're expecting a hawkish cut," Wilson-Elizondo tells Bloomberg Television.
The Federal Reserve is almost certain to slice borrowing costs tomorrow, if trading in interest-rate markets is to be believed. But the central bank's main message may be that it isn't guaranteed to keep cutting in 2026.
Goldman Sachs shares came under pressure Friday after a Wall Street Journal report said the Federal Reserve is investigating the bank's consumer business. Shares slipped 2.54% on the news. Goldman is now up just 0.15% on the year. The regulator is looking ...
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