Inflation Data Reinforce Powell's Shift Toward High for Longer [BNN Bloomberg (Canada)]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
Company Research
Source: BNN Bloomberg
The Fed's preferred gauge of underlying inflation climbed 0.3% in March and 2.8% from a year earlier, the same as the prior month. Figures from earlier this year were also revised up slightly, government data showed. The three-straight months of worrisome inflation data indicate progress toward the central bank's 2% goal has stalled, and suggest the first interest-rate cut is getting pushed further out. Investors see one to two rate cuts this year, beginning in November, but concerns are growing the Fed may not lower borrowing costs at all in 2024. “The hot inflation readings through March should write off any rate cuts in the first half of 2024,” said Nationwide Senior Economist Ben Ayers. “There is also a risk that the further economic resilience pushes off any rate declines until 2025, a key downside risk for growth next year.” Read More: Fed's Preferred Core Inflation Gauge Rose at Brisk Pace in March The government data Friday also underscored the strength of the US econ
Show less
Read more
Impact Snapshot
Event Time:
ING
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ING alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ING alerts
High impacting ING Group, N.V. news events
Weekly update
A roundup of the hottest topics
ING
News
- Progress on share buyback programme [Yahoo! Finance]Yahoo! Finance
- Progress on share buyback programmeGlobeNewswire
- Rupee expected to draw support at 83.50-83.55/USD from central bank [Reuters]Reuters
- ING Group: Still Attractive After A Much Improved Q1 [Seeking Alpha]Seeking Alpha
- Net income dips in first quarter at Dutch bank ING [Yahoo! Finance]Yahoo! Finance
ING
Earnings
- 2/1/24 - Miss
ING
Sec Filings
- 5/7/24 - Form 6-K
- 5/2/24 - Form 6-K
- 5/2/24 - Form 6-K
- ING's page on the SEC website