Close Menu
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Tech Entrepreneurship: Eliminating waste and eliminating scarcity

July 17, 2024

AI for Entrepreneurs and Small Business Owners

July 17, 2024

Young Entrepreneurs Succeed in Timor-Leste Business Plan Competition

July 17, 2024
Facebook X (Twitter) Instagram
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs
Facebook X (Twitter) Instagram Pinterest
Prosper planet pulse
  • Home
  • Privacy Policy
  • About us
    • Advertise with Us
  • AFFILIATE DISCLOSURE
  • Contact
  • DMCA Policy
  • Our Authors
  • Terms of Use
  • Shop
Prosper planet pulse
Home»Stock Market»Factories, PCE Inflation Data Interest Rate Cut Outlook
Stock Market

Factories, PCE Inflation Data Interest Rate Cut Outlook

prosperplanetpulse.comBy prosperplanetpulse.comApril 1, 2024No Comments2 Mins Read0 Views
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


  • U.S. stocks were mostly lower on Monday after the release of positive economic data.
  • The ISM Manufacturing Business Index rose to 50.3 in March, marking the first monthly expansion since 2022.
  • This statistic poured cold water on hopes for a rate cut in June.

Thank you for registering!

Access your favorite topics in a personalized feed on the go.

bull

Stocks fell and bond yields rose on Monday after strong economic data put a damper on expectations for a June interest rate cut from the U.S. Federal Reserve.

Manufacturing activity, as measured by the ISM index, rose to 50.3 in March, well above expectations. The statistics marked the first monthly expansion in manufacturing since 2022. The ISM report also shows component prices soaring, raising concerns about stubborn inflation.

If inflation picks up again, the Fed is likely to err on the side of caution and postpone its planned interest rate cuts. Immediately after the ISM report, the probability that the Fed would cut interest rates in June fell below 50%, according to Bloomberg data.

Expectations of a June interest rate cut initially rose on Monday as investors reacted to Friday’s release of PCE inflation data that was in line with expectations.

Here are the U.S. indexes as of Monday’s close at 4 p.m.

Here’s what else happened today:

In Commodities, Fixed Income and Cryptocurrencies:

  • West Texas Intermediate crude oil rose 0.94% to $83.95 a barrel. Brent crude oil, the international standard, rose 0.70% to $87.61 per barrel.
  • Gold rose 1.05% to $2,261.90 per ounce.
  • The 10-year Treasury yield rose 12 basis points to 4.33%.
  • Bitcoin fell 2.70% to $69,390.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
prosperplanetpulse.com
  • Website

Related Posts

Stock Market

The stock market is moving in a way not seen since 2000. History shows this is what will happen next.

July 13, 2024
Stock Market

The stock market is moving in a way not seen since 2000. History shows this is what will happen next.

July 13, 2024
Stock Market

Five key things to watch in the stock market this week

July 13, 2024
Stock Market

The US is expected to dominate the stock market in 2024

July 13, 2024
Stock Market

The US is expected to dominate the stock market in 2024

July 13, 2024
Stock Market

Warnings of an “imminent” stock market correction suddenly flashed red just as the S&P 500, Dow and Nasdaq hit all-time highs.

July 13, 2024
Add A Comment
Leave A Reply Cancel Reply

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Editor's Picks

The rule of law is more important than feelings about Trump | Opinion

July 15, 2024

OPINION | Biden needs to follow through on promise to help Tulsa victims

July 15, 2024

Opinion | Why China is off-limits to me now

July 15, 2024

Opinion | Fast food chains’ value menu wars benefit consumers

July 15, 2024
Latest Posts

ATLANTIC-ACM Announces 2024 U.S. Business Connectivity Service Provider Excellence Awards

July 10, 2024

Costco’s hourly workers will get a pay raise. Read the CEO memo.

July 10, 2024

Why a Rockland restaurant closed after 48 years

July 10, 2024

Stay Connected

Twitter Linkedin-in Instagram Facebook-f Youtube

Subscribe