Markets pushing for a big Fed rate cut after muted inflation reports [Yahoo! Finance]
Comerica Incorporated (CMA)
Last comerica incorporated earnings: 4/21 06:34 am
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Source: Yahoo! Finance
week, with investors braying for a big move from the central bank following one of the longest runs of rate hikes on record and the highest base borrowing costs in more than two decades. The Fed, which has kept its key lending rate at around 5.375% since July of last year, has faced both criticism for moving too slowly in response to the huge inflationary impact triggered by the Covid pandemic and for not moving quickly enough to reduce rates as price pressures eased closer to its longer-term target. The latter allegation was crystalized by Chairman Jerome Powell's decision to hold rates steady at the central bank's most recent policy meeting in July, while stressing that cuts won't come "until we have gained greater confidence that inflation is moving sustainably toward 2%". The European Central Bank, meanwhile, has cut its benchmark deposit rate twice since June — the latest last week, taking its benchmark deposit rate to 3.5% — and signaled more reductions to come before the
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News
- The Fed aims to stay ahead of the curve on unemployment with 50-bp rate cut: reaction [Seeking Alpha]Seeking Alpha
- Federal Reserve expected to cut rates for first time in 4 years: Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Federal Reserve expected to cut rates for first time in 4 years: Yahoo Finance [Yahoo! Finance Canada]Yahoo! Finance Canada
- Comerica Incorporated (NYSE: CMA) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Young People from Around the World Invited to Create Innovative Solutions to Sustainable Development Goal-focused Challenges [Yahoo! Finance]Yahoo! Finance
CMA
Earnings
- 7/19/24 - Beat
CMA
Sec Filings
- 9/9/24 - Form 8-K
- 9/4/24 - Form 4
- 9/4/24 - Form 4
- CMA's page on the SEC website