“The durable goods number came in better than expected, so that’s a positive,” Quincy Krosby, a market strategist at Prudential Financial Inc. in Newark, New Jersey, said by phone. “Whether or not the market takes every positive data point as a chance for Janet Yellen to be more hawkish, I can’t say. The market, especially in a deep part of the summer with low volume, is absolutely focused on that speech and rightly so.”
Following the data, traders further pushed forward their expectations for a rate increase, pricing in a 32 percent probability of a move next month. They’re betting on a 57 percent chance the Fed will act by December, up from 36 percent at the end of July.
Washout Worsens For U.S. Defensive Stocks As Sentiment Shifts
August 25, 2016
« Previous Article
| Next Article »
Login in order to post a comment
Comments
-
Happy New Year 2017 Status New Year 2017 gif Images Happy New Year 2017 whatsapp status New Year Images 2017 Happy New Year Images 2017 Happy New Year 2017 Images Happy New Year 2017 Images 2017 New Year Images 2017 Happy New Year Images Happy New Year 2017 Wishes New Year 2017 Wishes Happy New Year Wishes 2017 New Year Wishes 2017 2017 Happy New Year Wishes 2017 New Year Wishes Happy New Year 2017 Wishes New Year 2017 Wishes Happy New Year 2017 Status New Year 2017 Photos Happy New Year 2017 3D Images Happy New Year 2017 3D Wallpapers Happy New Year 2017 Whatsapp DP Happy New Year 2017 DP Happy New Year 2017 Selfie Happy New Year 2017 Whatsapp Status