Fed minutes reveal interest rates could remain ‘restrictive' for some time [FOX Business Network]
Cullen/Frost Bankers, Inc. (CFR)
Last cullen/frost bankers, inc. earnings: 4/30 09:00 am
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Source: FOX Business Network
The Federal Reserve released the minutes from its most recent July meeting, which showed that it will likely need to continue raising rates as inflation remains high. "In light of elevated inflation and the upside risks to the outlook for inflation, participants remarked that moving to a restrictive stance of the policy rate in the near term would also be appropriate from a risk-management perspective because it would better position the committee to raise the policy rate further, to appropriately restrictive levels, if inflation were to run higher than expected," the minutes from the Federal Open Market Committee (FOMC) meeting stated. The record showed that Fed members reiterated this narrative multiple times in the meeting, saying that the Federal Reserve's monetary policy should be "restrictive." "Participants noted that expectations of inflation were an important influence on the behavior of actual inflation and stressed that moving to an appropriately restrictive stance o
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News
- Should You Expect Earnings Growth for Cullen/Frost Bankers (CFR)? [Yahoo! Finance]Yahoo! Finance
- Here's Why Cullen/Frost Bankers, Inc.'s (NYSE:CFR) CEO Is Unlikely to Expect A Pay Rise This Year [Yahoo! Finance]Yahoo! Finance
- Cullen/Frost Bankers, Inc. (NYSE: CFR) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $118.00 price target on the stock.MarketBeat
- Cullen/Frost Bankers, Inc. (NYSE: CFR) had its price target raised by analysts at Jefferies Financial Group Inc. from $119.00 to $121.00. They now have a "hold" rating on the stock.MarketBeat
- Cullen/Frost Bankers, Inc. Hosts First Quarter 2024 Earnings Conference Call [Yahoo! Finance]Yahoo! Finance
CFR
Earnings
- 1/25/24 - Miss
CFR
Sec Filings
- 4/15/24 - Form DEFA14A
- 3/25/24 - Form 11-K
- 3/15/24 - Form 4
- CFR's page on the SEC website