The Fed's stance of holding interest rates higher for longer likely won't be shaken after a fresh reading from the central bank's favored inflation gauge showed continued stickiness of prices.
Cuts will happen "at some point," New York Fed president John Williams said Thursday. But "I don’t feel any urgency." Hopes for a rate cut this year are dwindling. Investors have now scaled back the odds of the potential first rate cut in September, with a nearly 50% chance the Fed won’t cut rates that month. Odds of a cut in November are 46%.
Minneapolis Fed president Neel Kashkari said earlier this week he is not ruling out an interest rate hike. although it’s likely the Fed could hold rates steady for an "extended" time as it waits for inflation to drop. While they might not be the biggest, these bank stocks could be the best for investors looking for higher dividends and even more growth. The post 2 Bank Stocks Ready to Run for the Money appeared first on The Motley Fool Canada.Nvidia Stock Jumped After Stock-Split News. These 14 Names Could Be Next.
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