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Stock impact report

Fed expected to keep interest rates on hold this week [Yahoo! Finance]

M&T Bank Corporation (MTB) 
Last m&t bank corporation earnings: 4/20 06:37 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/m
Company Research Source: Yahoo! Finance
So all eyes will be on how long officials signal they plan to hold rates steady. “My expectation is they're signaling a pause,” Esther George, former president of the Kansas City Federal Reserve, said in an interview. “I have a feeling they're going to hold for a while.” In recent weeks, several prominent members of the Fed, including New York Fed president John Williams and Fed Governor Michael Barr, have used the phrase “policy is in a good place.” Read more: How a Fed rate cut affects your bank accounts, loans, credit cards, and investments “That's the signal to say this gives us flexibility to move either direction,” George said. “We're not going to say we're on a preset course; we're just going to go meeting by meeting.” The central bank cut rates three times last fall to a range of 3.5% to 3.75% — within estimates of a neutral stance designed to neither spur nor slow economic growth. Wilmer Stith, senior bond portfolio manager for Wilmington Trust, said he doesn't th Show less Read more
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