Past the closing bell PM EST, the $S&P 500 Index (.SPX.US)$ climbed 0.13%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.18%, and the $Nasdaq Composite Index (.IXIC.US)$ fell about 0.10%.
MACRO
Fed's Kashkari said that one rate cut is still a possibility this year, a dramatic change from the CME FedWatch futures pricing just last month. He said if inflation stays the same, and labor stays strong, rates should stay the same too.
This week, investors can expect comments from various Fed speakers like Kashkari today, Michigan economic data like Consumer Sentiment and inflation expectations, and EIA supply numbers, but otherwise, nothing else.
Last week was busy: Wednesday, the Federal Open Market Committee left the target Federal Funds Rate unchanged at 5.25%-5.50%. Federal Reserve Chairman Jerome Powell said it's unlikely that policymakers will increase interest rates.
Monday, the $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ fell to 4.83, the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ fell to 4.45.
Mooers, what are you watching today? Comment below and I may feature your comment tomorrow!
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