Equity indexes rebounded premarket after the possibility of a Fed rate hike this year led to declines Wednesday. Intel is up on news of a new chip. A peace deal is expected Friday.
Stocks are on track for modestly weekly gains following yesterday's FOMC-induced sell-off, as lower oil prices and yield stabilization encourage dip buying.
Equity indexes rebounded after the possibility of a Fed rate hike this year led to declines Wednesday. Intel is up on news of a new chip. A peace deal is expected Friday.
The Federal Reserve left rates unchanged in Kevin Warsh's first meeting as chair, but a hawkish policy statement and economic projections raise the odds of a rate hike this year.
With the Fed expected to keep rates unchanged, the dot-plot and Chairman Kevin Warsh's presser will be closely watched today as investors try to gauge the path of interest rates.
In our view, municipal bonds may offer attractive tax-efficient income potential, though elevated supply, an uncertain rate backdrop, and issuer dispersion may pose risks.
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