Traders are pricing in a 100% chance of at least one Fed rate cut in July [CNBC]
Principal Financial Group Inc (PFG)
Last principal financial group inc earnings: 4/27 04:15 pm
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Source: CNBC
Traders are pricing in a 100% chance of at least one Fed rate cut in July Traders are convinced the Federal Reserve will cut rates next month. The fed funds futures market is now pointing to a 100% chance of an easing of monetary policy next month — a 67% chance of one rate cut to 2% to 2.25% range, a 31% probability of two cuts and 2% of three cuts in July, according to the CME FedWatch The Fed decided to keep the benchmark rate in a target range of 2.25% to 2.5% Along with that forecast, comments from Fed's Powell and a tweak to the central bank's statement caused traders to increase bets a cut is coming. Fed chair Jerome Powell said at a press conference Wednesday the case for more accommodative policy has strengthened "The Fed has clearly opened the door to a rate cut," said Robin Anderson, senior economist at Principal Financial Group. "The Fed is going to do what it can to maintain the current economic expansion, and the shift in language used in today's statement makes it clear
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PFG
News
- Principal Financial Group, Inc. (NASDAQ:PFG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Principal Financial Group, Inc. (NYSE: PFG) had its price target lowered by analysts at Wells Fargo & Company from $91.00 to $85.00. They now have an "equal weight" rating on the stock.MarketBeat
- Principal Financial Group First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Principal Financial (PFG) Q1 Earnings Miss, AUM Rises Y/Y [Yahoo! Finance]Yahoo! Finance
- Compared to Estimates, Principal Financial (PFG) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
PFG
Earnings
- 4/25/24 - Miss
PFG
Sec Filings
- 5/1/24 - Form 10-Q
- 4/30/24 - Form 144
- 4/29/24 - Form 13F-HR
- PFG's page on the SEC website