The Federal Reserve has just released its April Beige Book, a qualitative evaluation of economic conditions in each Federal Reserve district that is published eight times a year.
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The U.S. is sending
The risk appetite of investors remains depressed, not far from the extreme pessimism of 2022 and comparable to the levels of the 2009 Great Financial Crisis, according to the most recent Global Fund Manager Survey (FMS) conducted by Ba
Earnings continue to be front and center in the market, with futures trading signaling a negative start on Wednesday. More bellwether names are due to turn in their quarterly scorecard, potentially creating volatility in the market.
Cues From Tuesday’s Trading:
President of the Federal Reserve Bank of St. Louis, James Bullard, delivered hawkish remarks in an exclusive interview with Reuters on Tuesday, saying that interest rates should rise to 5.5-5.75% range.
Here are the main takeaways from Bullard's interview:
The positive mood seen in late trading on Monday appears to be spilling over into Tuesday’s session, with futures pointing to a higher open. A slew of bank earnings, energy prices and a housing market reading are all in the mix, as traders position themselves for the earnings season.
Cues From Monday’s Trading: