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Stock impact report

Don't count on the Fed saving stocks again [MSN Money]

Manulife Financial Corporation (MFC) 
Last manulife financial corporation earnings: 2/12 05:00 pm Check Earnings Report
US:NYSE Investor Relations: manulife.com/investor-relations
Company Research Source: MSN Money
© Bloomberg Federal Reserve Chairman Jerome Powell Speaks At Economic Club Of New York Federal Reserve Chair Jerome Powell’s stint as stock-market savior might prove to be a one-act play. Traders aggressively lowered the amount of tightening priced in for calendar year 2019 as the head of the U.S. central bank softened comments regarding how much more tightening may be in the offing. At one point, December 2018 and 2019 Eurodollar contracts implied less than one full 25-basis point increase. The glass half-empty take-away from Wednesday’s session is that there’s not much room for traders to further ratchet down next year’s market-implied hikes. If pessimism mounts from these levels, it may need to be linked to expectations of an economic downturn -- hardly an inspiring set-up for risk assets. For now, U.S. stocks love the idea of a more cautious Fed. The retreat in inflation-adjusted yields helped spur the biggest advance in the S&P 500 Index since March. Tradin Show less Read more
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