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Stock impact report

Stock Market Today: Stocks extend slide as Powell seeks rate cut patience [TheStreet.com]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: TheStreet.com
Check back for updates throughout the trading day U.S. equity futures moved lower again Friday, setting up the three major benchmarks for weekly losses across the board, as investors pared bets on Federal Reserve rate cuts and repriced stock and bond markets for the upcoming administration of President-elect Donald Trump. Stocks finished lower on Thursday, with another afternoon selloff tied to a jump in Treasury bond yields, this time linked to hawkish comments from Fed Chair Jerome Powell Speaking as part of an investment forum in Dallas, Powell said the Fed can afford to be patient on future rate cuts, given the strength of the economy and the stubborn nature of inflation , setting up a potential conflict with the incoming Trump administration. "... the economy is not sending any signals that we need to be in a hurry to lower rates," Powell said in prepared remarks to a business forum. "The strength we are currently seeing in the economy gives us the ability to approach ou Show less Read more
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