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Stock impact report

Traders revamp Fed interest-rate cut bets as jobs dip, oil rises in Iran war [Yahoo! Finance]

Principal Financial Group Inc (PFG) 
Last principal financial group inc earnings: 4/27 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
traders' expectations that the Federal Reserve will resume cutting interest rates aggressively in 2026. The Fed meanwhile finds its current “wait-and-see” position of holding rates steady facing a divisive internal setting at its next policymaking meeting this month amidst strong investor reaction. Some top Fed officials say the annual rate of inflation is still too high to support cutting rates in the short term, and at exceeds the Fed's 2% target for the fifth straight year. Others strongly disagree. Fed Governor Stephen Miran told CNBC March 6 that the sustained weakness in the labor market over the last six months -- including the March 6 disappointing surprise in February payroll numbers and a higher than expected 4.4% unemployment rate -- requires the central bank to slash at least 4 additional 25 basis-points cuts off the Federal Funds Rate this year. Traders responding to the mixed economic data upped the probability of the next Fed interest-rate cut from July to Jun Show less Read more
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