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☆ PulteGroup CEO: New traffic into sales offices have moderated in reaction to increase in rates
▼ + stars: | 2024-04-23 | 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 EmailPulteGroup CEO: New traffic into sales offices have moderated in reaction to increase in ratesRyan Marshall, PulteGroup CEO, joins 'Money Movers' to discuss the chief executive's pricing plan, moderations in traffic, and how stickier inflation is hitting PulteGroup's costs.

Persons: Ryan Marshall

☆ Here's what 12 European Central Bank members said about interest rates this week
▼ + stars: | 2024-04-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

The ECB opted to hold rates steady in April and next meets to vote on monetary policy on June 6. Christine Lagarde, president of the ECBThe ECB's figurehead delivered a firm message that reflected her statements in recent press conferences: markets should expect an interest rate cut soon, barring major surprises. watch nowGabriel Makhlouf, governor of the Central Bank of IrelandMakhlouf said the most recent data sets had shifted his view on rates. "We don't follow the Fed... and now the ECB will be the central bank to be followed," Šimkus said. One could have cut rates way back in March or even April," he continued, adding that he hoped a majority of Governing Council members would back a June cut.

Persons: Kirill Kudryavtsev, Christine Lagarde, Lagarde, CNBC's Sara Eisen, Galhau, Villeroy, Karen Tso, Joachim Nagel, Germany's, Nagel, Robert Holzmann, Mario Centeno, Centeno, Gabriel Makhlouf, Central Bank of Ireland Makhlouf, we've, Makhlouf, Pierre Wunsch, Wunsch, Boris Vujčić, Jerome Powell, Vujčić, Gediminas Šimkus, Bank of Lithuania Šimkus, Šimkus, Edward Scicluna, Central Bank of Malta Scicluna, Kazāks, Bank of Latvia Kazāks, Olli Rehn, Rehn Organizations: Afp, Getty, International, European Central Bank, CNBC, ECB, Bank of France, Council, Austrian Central Bank One, Bank of Portugal, Central Bank of Ireland, National Bank of, Croatian National Bank, Federal, U.S, Bank of Lithuania, Central Bank of, Governing, Bank of Locations: Frankfurt, Germany, New York, ECB's, National Bank of Belgium, U.S, Europe, Central Bank of Malta, Bank of Latvia, Bank of Finland

☆ UK inflation eases less than expected to 3.2% in March, sparking concerns of U.S.-style stickiness
▼ + stars: | 2024-04-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Food prices provided the biggest downward drag on the headline rate, the ONS said, while motor fuels pushed it higher. The core figure, excluding energy, food, alcohol and tobacco, came in at 4.2%, compared with a projection of 4.1%. Services inflation, a key watcher for U.K. monetary policymakers, declined from 6.1% to 6% — again above the expectations of both economists and the BOE. This week, investors have been monitoring signs of a cooling U.K. labor market, with unemployment unexpectedly rising to 4.2% in the period between December and February. The central bank's own forecast is for inflation to "briefly drop" to its 2% target in the spring before increasing slightly.

Persons: BOE, BOE Governor Andrew Bailey Organizations: National Statistics, Bank of England, Reuters, Federal Reserve Locations: U.S

☆ There are green shoots appearing in the IPO market. Here are the stocks to watch going public soon
▼ + stars: | 2024-04-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Two months ago, I wrote a story entitled, "The IPO market is looking very shaky and facing challenges galore." Two months later, the IPO market is still shaky, but there are definite signs of improvement. Second, three $100 million IPOs have filed to go public in the past week, including Viking (the cruise line operator) and Rubrik, a data management platform. Greg Martin at Rainmaker Securities told me that the recent performance of Reddit and Astera Labs, "Were nice shots in the arm for the IPO market. Even with markets at new highs, the specter of interest rates creeping up is still hanging over the IPO market.

Persons: Matt Kennedy, Reddit, Greg Martin, Ibotta, Ingram, Del, Viking, Howe Ng, I'm, Martin, Rainmaker, Santosh Rao Organizations: IPOs, Viking, Renaissance Capital, Astera Labs, Rainmaker Securities, NYSE, UL Solutions, Underwriters Laboratories, Nursing, Centuri Holdings, Labs, Companies, Ingram Micro, Epic, Manhattan Venture Partners Locations: IPOs, Del Monte

☆ Hot inflation data pushes market’s rate cut expectations to September
▼ + stars: | 2024-04-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Three months of inflation data have brought those expectations back down to earth. "Not that you've put a pin in inflation getting to the Fed's target, but it's not happening imminently." The 2-year Treasury note , which is especially sensitive to Fed rate moves, jumped to 4.93%, an increase of nearly 0.2 percentage point. The pricing in of seven rate cuts earlier this year was completely at odds with indications from Fed officials. However, when policymakers in December raised their "dot plot" indicator to three rate cuts from two projected in September, it set off a Wall Street frenzy.

Persons: Michael M, Liz Ann Sonders, Charles Schwab, you've, There's, Today's, Phillip Neuhart, Joseph LaVorgna, Schwab's Sonders, Sonders Organizations: New York Stock Exchange, Santiago, Getty, Federal, Labor, CPI, Fed, Traders, First, Bank Wealth, Dow Jones, Treasury, Nikko Securities, Atlanta Fed Locations: New York City

☆ Here’s the inflation breakdown for March 2024 — in one chart
▼ + stars: | 2024-04-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

"The big rock in the way here is the cost of shelter," Zandi said. In fact, underlying inflation after stripping out shelter costs is already back to target, Zandi said. watch nowThe increase is largely attributable to higher oil prices. "For most Americans, the thing that bothers them the most about inflation is high food prices." Americans' buying patterns also simultaneously shifted away from services — like entertainment and travel — toward physical goods since they stayed at home more, driving up demand and fueling decades-high goods inflation.

Persons: Eric Thayer, That's, Mark Zandi, Zandi, It's, Hamrick, They're, Sarah House Organizations: Bloomberg, Getty, U.S . Labor Department, Moody's, of Labor Statistics, U.S, Energy Information Administration, BLS, Wells, Wells Fargo Economics Locations: U.S, Wells Fargo

☆ These stocks have the strong margins and pricing power to withstand a reacceleration in inflation
▼ + stars: | 2024-04-09 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Investors may want to pick up shares in companies that can withstand a possible inflation comeback. The second quarter is off to a rough start as investors have become increasingly wary about higher-for-longer interest rates and stickier inflation. Against this market backdrop, we used the CNBC Pro Stock Screener to search for stocks with the pricing power and cost controls to handle a potential inflation reacceleration. These names have also showed reliable earnings growth during the post-pandemic inflation spike. The darling chipmaker has gross profit margin of 72.7% and high levels of earnings growth.

Persons: Dow, Dow Jones, Brad Reback, ServiceNow's, Reback, Goldman Sachs, Arista's Organizations: Nasdaq, Federal Reserve, CNBC, Stock, Arista Networks, Arista, Nvidia, Design Systems, Dominion Freight

☆ Wall Street gets key inflation data next week amid concerns the stock market is overbought
▼ + stars: | 2024-04-05 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Economists polled by FactSet anticipate the March consumer price index will show prices rising by 0.3% on a monthly basis, less than February's 0.4% advance. Similarly, the March producer price index is expected to show an increase of 0.5%, according to FactSet consensus estimates. Monday April 8 Tuesday April 9 6 a.m. NFIB Small Business Index (March) Wednesday April 10 8:30 a.m. Consumer Price Index (CPI) (March) 8:30 a.m. Initial Claims (04/06) 8:30 a.m. Producer Price Index PPI Earnings: CarMax Friday April 12 8:30 a.m. Import Price Index (March) 10 a.m. Michigan Sentiment preliminary (April) Earnings: State Street , Wells Fargo , JPMorgan Chase , Progressive , Citigroup

Persons: Stocks, we're, Ross Mayfield, Baird, Mayfield, FactSet, David Einhorn, CNBC's Scott Wapner, he's, Michelle Bowman, Bank's Tom Hainlin, Hainlin, Jamie Myers, JPMorgan Chase Organizations: Federal Reserve, Investors, Treasury Bond, Dow Jones, Nasdaq, . West Texas, Treasury, Fed, Investment Group, Investors Intelligence, American Association of, Walmart, Citigroup, JPMorgan, Index, Treasury Budget NSA, Air Lines, Price Index, Progressive Locations: U.S, Wells Fargo, Michigan

Average 30-year mortgage rates have dropped nearly 30 basis points from a week ago, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-Year Fixed Mortgage Rates Fall (-0.27%)The current average 30-year fixed mortgage rate is 6.32%, down 27 points from where it was this time last week, according to Zillow data. 15-Year Fixed Mortgage Rates Decrease (-0.33%)The average 15-year mortgage rate is 5.64%, down from last week. Mortgage Refinance Rates30-Year Fixed Refinance Rates Increase (+0.69%)The average 30-year refinance rate is 7.69%, 69 basis points higher than last week.

Persons: you'll, It's, refinance Organizations: Federal Reserve, Zillow, FHA Locations: Chevron

☆ Dollar firm after Fed comments; yen under close watch
▼ + stars: | 2024-03-28 | by ( ) www.cnbc.com time to read: +3 min

"There is no rush to cut the policy rate" right now, Waller said in a speech prepared for delivery before an Economic Club of New York gathering. The dollar index , a measure of the greenback against major peer currencies, ticked up in the wake of Waller's comments and last held mostly unchanged at 104.41. Traders await key U.S. core inflation figures due on Friday, following a bigger-than-expected jump in U.S. durable goods orders on Tuesday that has already boosted the dollar against the yen. The greenback reached 151.975 yen on Wednesday, its strongest against the yen since mid-1990. Japan intervened in the currency market three times in 2022, selling the dollar to buy yen, first in September and again in October as the yen slid towards a 32-year low of 152 to the dollar.

Persons: Christopher Waller, Waller, It's, Kyle Rodda, Rodda, Masato Kanda, Shunichi Suzuki, That's, Ray Attrill, Sterling, bitcoin Organizations: U.S, Federal Reserve, Federal, Economic, of New, Traders, Finance, National Australia Bank, Bank of Japan's Locations: of New York, Japan

☆ A CIO overseeing $1.4 trillion breaks down why the Magnificent 7's run may soon be over — and shares 2 trades he's betting on for the years ahead as market participation broadens out
▼ + stars: | 2024-03-27 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But Jim Smiegel, the CIO at $1.4 trillion SEI, thinks the stocks' run could be over soon. Tesla shares are down 32% since December, while shares of Apple are down 14% over the last few months. Historically, higher interest rates hurt growth stocks with higher valuations. 2 areas to look insteadSmiegel listed two areas of the market that look more attractive to him at the moment: energy and financials.

Persons: —, Meta —, Jim Smiegel, Smiegel, There's Organizations: Service, Apple, Microsoft, Nvidia, Meta, SEI, Business, Federal, CPI, Vanguard

☆ Most Americans are missing out on 'free money' by not saving in a high-yield account. A financial planner explains 3 factors to consider when choosing and what to do if interest rates fall.
▼ + stars: | 2024-03-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

This type of account offers a higher interest rate than a traditional savings account. That's assuming you have it sitting in a traditional savings account earning little to no interest rather than in a high-yield account earning 5%. If that money is not in a high-yield savings account, that's $2,500 a year that you're giving up." If the Federal Reserve does start cutting interest rates, which is expected to happen in 2024, high-yield savings account rates will also drop. Of course, you'll still earn much more in a high-yield account than you would in a traditional savings account, noted Weiss.

Persons: —, Brent Weiss, Weiss, That's, Ally Bank, you'll, it's, Ally, SoFi, Marcus, you've, they're Organizations: Service, Business, CNBC, Ally Bank, Ally, Federal Reserve

☆ A trucking and rail strategy that boomed during pandemic shocks is heating up again
▼ + stars: | 2024-03-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

The shift in the volume of freight being moved from the East Coast to the West Coast was first highlighted in February in the ITS Port Rail Ramp Freight Index. He said the disruptions from the Suez Canal and Panama Canal have contributed to an almost 20% increase into the West Coast ports. "For our ports, transloading containers is always going to happen and we have the capacity to do more." The West Coast container volume rebound will also have a ceiling. "We probably don't get to the historical 10-year levels of West Coast market share versus East Coast share," Chan said.

Persons: Michael Aldwell, Kuehne + Nagel, Chris Sikora, CH Robinson, Sikora, Tim Robertson, transloading, Paul Brashier, We're, Brashier, Bryan Kempisty, Matt Schrap, Bruce Chan, Chan, CH, Bascome Majors, J.B, Hunt, Schneider, JB Hunt, Jason Seidl, Knight, Swift, Seidl, Larry Organizations: Getty, U.S, Logistics, CNBC, Kuehne, Transportation Intelligence, . Logistics, DHL Global, ITS, Rail, ITS Logistics, Department of Transportation's, PortX Logistics, Harbor Trucking, J.B, Susquehanna International Group, Hub Group, Schneider, Union Pacific, Cowen Group, Universal Logistics Holdings, East, International Longshoremen's Association, Surface Transportation, Canadian Pacific, Kansas City Southern, Uber, Uber Technologies Locations: West Coast, East Coast, Panama, East, Red, Gulf, transload, transloading, West, Suez, Hunt, CH Robinson, Sea, Mexico, Kansas, Mobile , Alabama, Coatzacoalcos, Veracruz, Gulf of Mexico

☆ Why European stocks may soon start to outperform US equities, according to JPMorgan
▼ + stars: | 2024-03-18 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

There are five reasons why European stocks may soon start to outperform US equities, according to JPMorgan. According to JPMorgan, European equities may soon outperform their American peers. Even though European stocks are also susceptible to a hiccup because of increasingly hyped-up trades, the firm says fallout would be much worse in the US stock market. Third, the Citigroup Economic Surprises Indices shows that European economic activity momentum has begun moving above that of the US. AdvertisementLastly, JPMorgan sees an improving economic picture in China, which is a green flag for export-heavy European markets.

Persons: —, Mislav Matejka, There's Organizations: JPMorgan, Service, outstripping, MSCI, Citigroup, European Central Bank, ECB Locations: China

☆ Markets don't seem to care about the presidential election, but that could change soon
▼ + stars: | 2024-03-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +12 min

The election is not going to change that much either way," Roberts said. The market's moves through the year, though, could be important as they have often foretold outcomes in presidential races. Biden endorses taxing the rich whereas Trump pushed through corporate tax breaks while in office. Biden endorses taxing the rich whereas Trump pushed through corporate tax breaks while in office. The trend makes the market's moves in the months ahead potentially consequential for determining the election victor.

Persons: Joe Biden, Donald Trump, Biden, Doug Roberts, Roberts, there's, Trump, we'll, Joe Salmond, There's, Jerome Powell, Salmond, Jerome Powell's Organizations: Federal Reserve, House, Trump, Democratic, Channel Capital Research, Biden, Fed, Thornburg Investment Management, Global, Chase, White, AFP, Getty Locations: U.S, Washington, East, Russia, Wilmington , Delaware, Washington , DC

☆ February Inflation Report Consumer Price Rises Likely Held Steady
▼ + stars: | 2024-03-12 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +3 min

PinnedThe Consumer Price Index inflation report set for release on Tuesday morning could be a big news event for the Federal Reserve and many in markets. Overall inflation is expected to hold steady at 3.1 percent on an annual basis. In particular, economists are likely to keep an eye on housing costs and other services’ prices in the measure. Fed officials have been debating how long they need to leave rates at their current level, about 5.3 percent. And Fed officials want to avoid lowering interest rates too early, only to find out that inflation is not fully quashed.

Persons: ” Jerome H, Powell, we’re, ”, Omair Sharif Organizations: Federal Reserve, Fed

☆ Here’s why the Fed cares about the cost of your haircut and your doctor’s visit
▼ + stars: | 2024-03-10 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Overall, consumer prices rose 0.3% in January 2024 from December 2023, according to the latest Consumer Price Index. The Labor Department releases its Consumer Price Index for February on Tuesday. The drivers of services inflation have been threefold: Vehicle insurance, hospital insurance, and financial services. The US Labor Department releases its Consumer Price Index for February. The US Commerce Department releases February figures on retail sales in addition to January data on business inventories.

Persons: don’t abate, Price, it’s, Bell, Saira Malik, They’ve, I’ve, Biden, Joe Biden, I’m, ”, Biden’s, Read, Guess Organizations: Washington CNN, Federal Reserve, Labor Department, Oracle, Asana, Vail Resorts, US Labor Department, US Treasury Department, National Statistics, Adobe, Dollar, Sporting Goods, Getty, US Commerce Department, The New York Fed, Manufacturing Index, University of Michigan Locations: Nuveen, Thursday’s State, America

☆ 'Once-in-a-lifetime opportunity'? Wealth manager names 3 stocks on his radar right now
▼ + stars: | 2024-03-06 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Wealth manager Brian Vendig is bullish on stocks this year, and says there are opportunities for investors outside of 2023's headline-makers. Three stocks on his radar right now are Super Micro Computer , Palo Alto Networks and PepsiCo . Super Micro Computer Vendig said Super Micro Computer was his choice to ride "the wave of the AI frenzy." "This stock has traded in lockstep with Nvidia because Nvidia chips are typically housed in Super Micro servers," Vendig explained. Palo Alto Networks The wealth manager also likes cybersecurity company Palo Alto Networks.

Persons: Brian Vendig, Vendig, PepsiCo Vendig Organizations: MJP Wealth, CNBC, Micro Computer, Palo Alto Networks, PepsiCo, Super, Computer, Nasdaq, Nvidia, Alto, Pepsi Locations: billings

☆ Treasury yields rise as investors look ahead to Powell testimony and jobs data
▼ + stars: | 2024-03-04 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was over two basis points higher to 4.2091%. The 2-year Treasury yield was last up by more than three basis points to 4.5643%. U.S. Treasury yields were higher on Monday as investors considered the state of the economy and looked ahead to key economic data slated for this week. Investors weighed the path ahead for the economy, including inflation — after recent data painted a somewhat mixed picture — and awaited fresh insights from the economy expected this week. Fresh insights will come this week in the form of labor market data, including JOLTs job openings figures, private payrolls data from ADP and the February jobs report.

Persons: Jerome Powell Organizations: Treasury, U.S, Investors, University of Michigan, Federal Reserve

Goldman Sachs lowered its rating on Estée Lauder to neutral, and its new price target calls for a slight decline going forward. Elsewhere, Daiwa raised its price target on Nvidia, which points to more than 10% upside over the next 12 months. The firm stood by its outperform rating on the chipmaker stock, but lifted its price target to $900 from $535. FLYW YTD mountain FLYW in 2024 Faucette accompanied his downgrade by lifting his price target to $30 from $27. He also lifted his price target on the stock to $40 from $30, implying upside of 24.6% from Thursday's close.

Persons: Goldman Sachs, Estée Lauder, Jefferies, Root, Daiwa, Brad Sills, Sills, — Lisa Kailai Han, Stephens, Vita Coco, Coco, Jim Salera, COCO, Lisa Gill, Gill, Louis Miscioscia, Miscioscia, Lisa Kailai Han, Piper Sandler downgrades, Piper Sandler, Mark Fitzgibbon, Fitzgibbon, Morgan Stanley downgrades Flywire, Morgan Stanley, James Faucette, Faucette, Goldman Sachs downgrades Estée Lauder, Lauder, Goldman, Yaron Kinar, Kinar, Fred Imbert Organizations: CNBC, Nvidia, Bank of America, of America, Vertex, Accenture, RSM, BDO, JPMorgan, Daiwa, Markets, Riding, AMD, Intel, York Community Bancorp, York Community, New York Community Bancorp, Travel, B2B, U.S, Jefferies Locations: York, Canada, Asia, China, Hainan, Thursday's

☆ U.S. Treasury yields inch higher ahead of Fed-favored inflation measure
▼ + stars: | 2024-02-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield was up by over one basis point to 4.2915%. The yield on the 2-year Treasury was more than one basis point higher to 4.6643%. U.S. Treasury yields were slightly higher on Thursday as investors awaited the release of the Federal Reserve's preferred inflation measure. Investors looked ahead to the release of the personal consumption expenditures report for January, which could provide clues about the outlook for interest rates. If January's reading comes in higher than expected, markets may take it as a signal that inflation is stickier than previously expected and interest rates could stay elevated for longer.

Persons: Dow Jones, John Williams Organizations: Treasury, U.S, Federal, PCE, New York Federal

☆ A little-noticed inflation report in the past could get a lot of market attention on Thursday
▼ + stars: | 2024-02-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

With markets on edge over the direction of inflation, a report Thursday that often flies under the economic radar is likely to take on more importance. The Commerce Department's measure of personal consumption expenditures prices could add to evidence that inflation is stickier than some economists and policymakers had thought. Two-year inflation breakevens, or the difference between Treasury yields and Treasury Inflation-Protected Securities, have surged in recent days. "But I think the labor market is a lot more fragile than people think. A report Wednesday confirmed that economic growth was solid to close out 2023, with fourth-quarter GDP accelerating at a 3.2% annualized pace adjusted for seasonal factors and inflation.

Persons: Mark Zandi, Zandi, shouldn't, we're, it's, —, Susan Collins, Collins, Dow Jones, Dow, Michelle Cluver, Cluver, I've Organizations: Moody's, Boston, Securities, Treasury, Fed, Labor, CPI, Dow Jones, optimist Locations: U.S

☆ We can now buy more of this best-of-breed stock which fell 20% after its earnings
▼ + stars: | 2024-02-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Shortly after the opening bell, we will buy 25 shares of Palo Alto Networks at roughly $287.80. Following the trade, Jim Cramer's Charitable Trust will own 275 shares of PANW, increasing our weighting in the portfolio to 2.36% from 2.15%. Now that we are no longer restricted from trading Palo Alto Networks shares, we finally can buy the stock, which sold off after its earnings report last week . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer's, PANW, Morgan Stanley, Jim Cramer, Jim Organizations: Palo Alto Networks, PANW, billings, CNBC Locations: billings, Palo

☆ What's next for the S&P 500 after hitting a record? Nvidia is the key
▼ + stars: | 2024-02-22 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Where markets go next may well depend on how Nvidia does after going forward. "The answer here will depend on NVDA," Tom Essaye of The Sevens Report wrote in a Thursday note. "The stock is at an all-time high ... and if it can hold (or extend) this rally ... it'll imply that tech can help lead this market higher." Nvidia and other artificial intelligence darlings, including Meta Platforms, powered the broader market last year, while other stocks underperformed. I'd rather take it elsewhere in something that hasn't had as much of a run as Nvidia has."

Persons: Tom Essaye, Essaye, Patrick McDonough, Solita Marcelli, Charles Ashley, hasn't, Said PGIM's McDonough Organizations: Nvidia, Revenue, Nasdaq, VanEck Semiconductor, Federal Reserve, Meta, UBS Global Wealth Management, Catalyst Funds

☆ 2-year Treasury yield rises as investors fret over interest rate outlook
▼ + stars: | 2024-02-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by less than one basis point to 4.3207%. The 2-year Treasury yield was last up by over two basis points to 4.6773%. U.S. Treasury yields were mixed on Thursday as investors considered the path ahead for interest rates after minutes from the Federal Reserve's latest meeting indicated caution about cutting rates too soon. Investors were initially hoping for rate cuts as soon as March but are now expecting the first one to take place in June. On Thursday, investors will be looking out for the latest weekly initial jobless claims data and existing home sales data for January.

Organizations: Treasury, U.S, Federal, Investors

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