Sector Review

Sector movers: Stocks slip as U.S. Fed rate cut expectations fade

By Alexander Bueso

Date: Thursday 11 Apr 2024

(Sharecast News) - Banks and Life insurers paced losses as expectations for interest rate cuts in the U.S. continued to shift.
Case in point, on Thursday Berenberg chief economist Holger Schmieding changed his forecast for the Federal Reserve's first rate cut from June to December.

Wall Street was in fact...

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