Powell: A Fed Rate Cut in March “not the most likely case or the base case.”

The stock market appeared to have put more weight on imminent cuts than anyone else. Stocks had the worst day in some months. 

Meanwhile, bonds enjoyed a rally, swallowing the bond supply news without difficulty. Instead, the fears around New York Community Bank sent people rushing to buy Treasuries, largely on the theory that renewed banking trouble would force the Fed to ease. 

... tech companies are failing to fulfill their rosiest earnings expectations.

John Authers Bloomberg 1 February 2024

https://www.bloomberg.com/opinion/articles/2024-02-01/powell-says-a-fed-interest-rate-cut-in-march-is-unlikely

... tech companies are failing to fulfill their rosiest earnings expectations.


New York Community Bancorp Stock Plunges

https://englundmacro.blogspot.com/2024/01/new-york-community-bancorp-stock.html


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