05/05/2023 – Morning Note

Key News Overnight: U.S. mortgage rates dropped this week on expectations that the Federal Reserve would start cutting interest rates next Wednesday, but will likely not offer an immediate boost to the housing market as home pricesRead more

Key News Overnight: All three major U.S. stock indexes closed higher on Wednesday with a boost from the technology sector offsetting investor disappointment at an early morning inflation report, which crushed hopes the Federal ReserveRead more

Key News Overnight: The Federal Reserve will lower interest rates by 25 basis points at each of the U.S. central bank’s three remaining policy meetings in 2024, according to a majority of economists in aRead more

Key News Overnight: Wall Street’s three major indexes gained more than 1% on Monday as investors looked for bargains after the previous week’s sell-off while they also waited for inflation reports in coming days andRead more

Key News Overnight: Looming interest rate cuts may not immediately spur a rush out of cash-like instruments, as yields on some shorter-dated government bonds could take months to fall below those on longer-term debt, analystsRead more