Dollar bulls suffer setback as traders add to Fed cut bets [Yahoo! Finance Canada]
Delek Logistics Partners, L.P. Common Units representing Limited Partner Interests (DKL)
Last delek logistics partners, l.p. common units representing limited partner interests earnings: 2/25 04:15 pm
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Source: Yahoo! Finance Canada
By Kevin Buckland TOKYO (Reuters) - The U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labour market boosted the case for quicker Federal Reserve rate cuts. Despite that, the dollar on Friday remained on track for a second straight weekly advance after surprisingly strong monthly payrolls figures last week prompted traders to take bets for a half-percentage-point cut at the Fed's next policy meeting off the table. The market's interpretation of Thursday's surge in initial jobless claims was complicated by an uptick in the consumer price index (CPI) the same day, which served as a reminder that restrictive monetary policy may be required to bring inflation under control. Bets for a quarter-point Fed rate cut on Nov. 7 increased to 83.3% from 80.3% a day earlier, with the remaining odds for policy to stay steady, according to the CME Group's FedWatch Tool. A week earlier, there was a 32.1% chance of a half-point reducti
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DKL
News
- Delek Logistics Partners, LP (NYSE: DKL) had its price target raised by analysts at Truist Financial Co. from $46.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
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DKL
Earnings
- 11/6/24 - Miss
DKL
Sec Filings
- 11/18/24 - Form 4
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- DKL's page on the SEC website