Traders raise expectations for accelerated rate hikes by Federal Reserve after Powell speaks, flattening Treasury curve even further [MarketWatch]
Comerica Incorporated (CMA)
Last comerica incorporated earnings: 4/21 06:34 am
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Source: MarketWatch
not seen since January, while traders boosted their expectations for an accelerated pace of rate hikes by the Federal Reserve following an unexpected hawkish pivot by Chairman Jerome Powell. The odds of a 25 basis point rate hike in March went up to roughly 26% from 18% a day ago, while the likelihood of one by May is now around 38% versus 30% on Monday, according to the CME's FedWatch Tool . Traders also factored in a 21% chance of two hikes by June, up from 14% a day ago. Powell's remarks about the need to consider a faster pace of tapering bond purchases in December amid the risk of higher inflation led to a further flattening of the Treasury yield curve, in which the differential between short- and long-term yields shrank as traders factored in a greater likelihood of rate hikes within the next two years, as well as a diminished long-term outlook. The widely followed spread between 2- and 10-year yields was already showing signs of “breaking down” before the Fed chairman tes
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CMA
News
- Comerica Declares Common and Preferred Stock DividendsPR Newswire
- Comerica Incorporated (NYSE: CMA) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $53.00 price target on the stock.MarketBeat
- Comerica Incorporated (NYSE: CMA) had its price target lowered by analysts at Truist Financial Co. from $62.00 to $60.00. They now have a "buy" rating on the stock.MarketBeat
- 5 signs of under-the-radar economic pain from the Fed's favorite on-the-ground source [Yahoo! Finance]Yahoo! Finance
- 5 signs of under-the-radar economic pain from the Fed's favorite on-the-ground source [Fortune]Fortune
CMA
Earnings
- 4/18/24 - Miss
CMA
Sec Filings
- 4/18/24 - Form 8-K
- 4/17/24 - Form 4
- 4/1/24 - Form 4
- CMA's page on the SEC website