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Stock impact report

Norway's Resolve on a Rate Cut Is Seen Wavering: Decision Guide [BNN Bloomberg (Canada)]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: BNN Bloomberg
Investors will look to see if Norges Bank policymakers are still penciling in September for the first reduction in borrowing costs when their latest monetary decision is published on Friday. As part of that announcement, Governor Ida Wolden Bache and colleagues are widely expected to keep the benchmark interest rate at 4.5% — the highest since 2008 — for a third straight meeting. With the Federal Reserve shirking from any imminent easing — an outlook confirmed on Wednesday — Norges Bank has faced renewed currency weakness that risks stoking import prices at a time when inflation, while slower than expected, remains close to 4%. Read More: Powell Keeps Rate Cuts on Table But Leaves Timing Less Certain That backdrop, along with a brightening growth outlook, has boosted speculation of a prolonged pause before any rate cut materializes. “The recent data flow leans on the hawkish side, with resilient economic activity, wage negotiations, and krone weakness likely offsetting the Show less Read more
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