Citi Trims Fed Bet for 2024, Still Sees 100 Basis Points of Cuts
Citigroup Inc. dialed back expectations for Federal Reserve interest-rate reductions on Friday, while remaining among the most dovish forecasters on Wall Street.
Citigroup Inc. dialed back expectations for Federal Reserve interest-rate reductions on Friday, while remaining among the most dovish forecasters on Wall Street.
Exxon Mobil Corp. plunged the most in six months after higher-than-expected maintenance costs diminished oil-refining results.
Elliott Investment Management has built a roughly $1 billion stake in Anglo American Plc while betting against the stock of BHP Group Ltd., the Australian miner that’s made an unsolicited takeover approach to Anglo American.
The yen fell to a fresh 34-year low and past the level of 157 against the dollar after the Bank of Japan indicated monetary policy will stay easy, heightening speculation authorities may soon intervene in the market to stop the currency’s decline.
The Federal Reserve’s preferred gauge of underlying US inflation rose at a brisk pace in March, reinforcing concerns of persistent price pressures that are likely to delay any interest-rate cuts.
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