top of page

Powell Surprises Markets: Rate Cuts on the Horizon?

  • Ballestas Group
  • May 6, 2024
  • 1 min read

The Federal Open Market Committee met on Wednesday, and markets were expecting a more conservative approach due to inflation concerns. However, Fed Chairman Jerome Powell indicated that the next policy move is unlikely to be a rate hike and that rate cuts remain the main scenario, although they will be implemented later than expected.

Friday's employment report was released, which did not meet market expectations. In April, nonfarm payrolls showed an increase of 175,000 jobs. This was significantly below the consensus forecast of 240,000. In addition, the readings for February and March were revised down by 22,000.



Recent Posts

See All

Comentarios


ballestas-logo-blanco-1.png

Securities Offered Through Bolton Global Capital, Inc. Member FINRA, SIPC 

Advisory Services Offered Through
Bolton Global Asset Management, a SEC Registered Investment Advisor

Ballestas Group, Bolton Global Capital and Bolton Securities are not affiliated with BNY Mellon or Pershing, LLC.

State securities laws require that your Financial Representative be registered in the state in which you live.  For this listing, please refer to the Broker Check Link provided.

Check the background of your financial professional or our broker-dealers and registered investment advisor on FINRA's BrokerCheck. ​Bolton Global Capital, Bolton Global Asset Management and their financial professionals do not provide tax services. Copyright Bolton Global Capital, LLC, a registered broker-dealer.  For more information, visit https://finra.org or https://sipc.org.  Copyright Bolton Securities Corporation, d/b/a Bolton Global Asset Management and other trade names, a federally registered investment advisor.

 

Click on the following LINK for copies of the firms’ Form ADV, Client Relationship Summary, Brokerage and Advisory Accounts Fee and Conflicts Disclosure and other important disclosure information.

Ballestas Group © 2023. All Rights Reserved.

MB1/MBA0001d

bottom of page