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Fed's Daly: No urgency to adjust the rate
  + stars: | 2024-04-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's Daly: No urgency to adjust the rateCNBC's Steve Liesman joins 'The Exchange' to report on San Francisco Fed President Mary Daly's statements about the economy.
Persons: Fed's Daly, Steve Liesman, Mary Daly's Organizations: San Francisco Fed
ETMeta up on J.P. Morgan rating upgradeDigital World Acquisition down on CFO exitFutures down: Dow 1.16%, S&P 1.05%, Nasdaq 0.60%Dec 16 (Reuters) - Wall Street's main stock indexes were set to extend losses on Friday as fears of a looming recession, sparked by the Federal Reserve's relentless battle against inflation, hammered sentiment. The Bank of England and the European Central Bank were the latest ones to indicate an extended rate-hike cycle on Thursday. The simultaneous expiration of stock options, stock index futures and index options contracts later in the day, known as triple witching, could cause volatility through the trading session. ET, Dow e-minis were down 384 points, or 1.16%, S&P 500 e-minis were down 41.25 points, or 1.05%, and Nasdaq 100 e-minis were down 68.5 points, or 0.6%. Reporting by Shubham Batra, Ankika Biswas and Johann M Cherian in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSan Francisco Fed's Mary Daly says it's entering a difficult time of tighteningCNBC's Steve Liesman joins 'The Exchange' to report on San Francisco Fed President Mary Daly's comments on market behavior and Fed funds rate.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSan Francisco Fed's Daly: Next Fed hikes should be smaller than 75 BPSCNBC's Steve Liesman joins the 'Halftime Report' to discuss San Francisco Fed President Mary Daly's latest statement on rate hikes. The investment committee weighs in.
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