Bond market traders are increasingly skeptical that the Federal Reserve will alleviate tightening monetary policy with rate cuts this year. The change in sentiment, which last week pushed the likelihood of a quarter-point rate hike in the coming month to a peak of 40%, is set to confront a wave of data in the upcoming…
As debt-ceiling negotiations and economic data point to potential challenges ahead, investors seek guidance to navigate the volatile market. Wall Street investing legend Steve Cohen, Chairman and CEO of Point72, has amassed a fortune through a high-risk/high-reward strategy. Monitoring Cohen’s latest stock purchases can provide valuable insights, and two of his recent positions have also…
In a bid to prevent a looming debt-ceiling crisis, President Joe Biden and House Speaker Kevin McCarthy met on Tuesday. However, the talks appeared to yield little progress as both parties remain at odds over key issues such as spending cuts. After an hour-long meeting in the Oval Office, McCarthy indicated that the deadlock persists….