Futures for the S&P 500 and the Dow Jones Industrial Average each rose about 0.2% early.
Oil prices slid to more than three-month lows on concern over waning U.S. and Chinese demand.
Shares of Wynn and Green Dot slid due to various factors.
The Federal Reserve's key borrowing benchmark currently sits at a 22-year high of 5.25-5.5 percent.
Yields across the Treasury curve mostly fell as the auction of benchmark 10-year notes fared modestly better than expected.
World stock markets have been experiencing fluctuations as investors grapple with the uncertainty surrounding the Federal Reserve's interest rate policies. The dollar has seen a rebound from last week's sharp sell-off, with rising confidence that the Federal Reserve has ended its rate hikes. However, some economists remain unconvinced, suggesting that the Federal Reserve may raise interest rates one more time this year.
The Federal Reserve's key borrowing benchmark currently sits at a 22-year high of 5.25-5.5 percent. If approved, the next increase would bring the rate to a new 22-year high of 5.5-5.75 percent. This has been part of the Federal Reserve's strategy to cool down an overheated post-pandemic economy that contributed to the hottest inflation in generations.
In the bond market, yields across the Treasury curve mostly fell as the auction of benchmark 10-year notes fared modestly better than expected. The 10-year Treasury yield settled back to 4.58% early Friday from 4.64% late Thursday. The yield on the 2-year Treasury decreased to 4.99% from 5.03% late Thursday.
In the stock market, futures for the S&P 500 and the Dow Jones Industrial Average each rose about 0.2% early. However, shares of certain companies such as Wynn and Green Dot slid due to various factors. Wynn Shares fell 5.5% in premarket trading Friday due to a slow rebound for its resort properties in Macau. Shares of Green Dot slid nearly 8% before markets opened after the company missed Wall Street profit targets.
Oil prices also slid to more than three-month lows on concern over waning U.S. and Chinese demand. This comes as markets are pricing in an almost 50% chance of a rate cut of at least 25 basis points as soon as May.
The Federal Reserve may raise interest rates one more time this year, but some economists are not convinced.
The Fed's key borrowing benchmark currently sits at a 22-year high of 5.25-5.5 percent.
If approved, the next increase would bring the rate to a new 22-year high of 5.5-5.75 percent.
However, the Fed officials are not yet sure they've raised interest rates enough to quell inflation.
The Fed has been raising borrowing costs to cool down an overheated post-pandemic economy that contributed to the hottest inflation in generations.
Accuracy
The Federal Reserve may raise interest rates one more time this year, but some economists are not convinced. This contradicts the other two articles which suggest that the Fed has ended raising rates.