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-0.000610873549175416 0.00366524129505185 0.00183262064752603 0.000610873549175416 0.00244349419670123 0.00794135613927911 0.00733048259010391 0.00977397678680514
Stock impact report

Howard Lutnick Sees Fed Making One Rate Cut Near Presidential Election [BNN Bloomberg (Canada)]

BGC Group, Inc. - Class A (BGC) 
Last bgc group, inc. - class a earnings: 8/2 04:20 pm Check Earnings Report
Company Research Source: BNN Bloomberg
“I'm thinking September, and it's not really to move the economy — it's to show off a little bit,” Lutnick said in an interview Thursday with Bloomberg Television. “It's to help a little bit the guy who is employing you today. Maybe we'll give you your job again if he gets elected. One cut, that's it — just showing off.” Across Wall Street, analysts and investors are playing the guessing game of whether the Fed will cut rates by the end of the year and, if so, by how much. With inflation picking up, Fed officials — who were already expected to hold interest rates at a two-decade high when they meet next week — may face renewed pressure to further delay any cuts and even to consider whether borrowing costs are high enough. Read More: US Demand Is Still Resilient, Even If GDP Doesn't Show It In the wide-ranging interview, Lutnick also says he expects volatility in the markets to rise around September and October, ahead of the election, which he said is likely to be close. With un Show less Read more
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