Over-priced Fed rate cuts make T-bills unattractive, Federated Hermes says [Yahoo! Finance]
Federated Hermes, Inc. (FHI)
Last federated hermes, inc. earnings: 4/30 04:17 pm
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Source: Yahoo! Finance
Federal Reserve is unlikely to be as aggressive in easing monetary policy, said Deborah Cunningham, a money market fund manager for Federated Hermes, on Tuesday. The Fed delivers its decision on policy on Wednesday and is all but certain to cut interest rates from their 23-year high. Investors currently think it more likely to begin with a 50-basis-point cut than with a 25-basis-point one and are pricing around 120 bps of cuts across the three meetings by year end. Federated Hermes, in contrast, expects a 25-bp cut on Wednesday and two more such cuts by year end, Cunningham said. "Short term (U.S.) paper at this point looks unattractive," Cunningham, chief investment officer for global liquidity markets, told reporters. "The best strategy in the short term is to invest in the longer end of our yield curve - out to 13 months - but it is hard to do that when you're looking at a yield curve that at the short end is expecting way more (cuts) than we are." Cunningham's view dif
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FHI
News
- Federated Hermes, Inc. (NYSE: FHI) had its price target raised by analysts at Evercore ISI from $41.00 to $43.00. They now have an "outperform" rating on the stock.MarketBeat
- Federated Hermes, Inc. (NYSE: FHI) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Federated Hermes, Inc. (NYSE: FHI) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Federated Hermes, Inc. (NYSE: FHI) had its price target raised by analysts at Royal Bank of Canada from $36.00 to $39.00. They now have a "sector perform" rating on the stock.MarketBeat
- Federated Hermes, Inc. (NYSE: FHI) was upgraded by analysts at TD Cowen from a "hold" rating to a "buy" rating. They now have a $46.00 price target on the stock, up previously from $35.00.MarketBeat
FHI
Earnings
- 10/24/24 - Beat
FHI
Sec Filings
- 11/4/24 - Form 4
- 10/30/24 - Form 4
- 10/11/24 - Form 4
- FHI's page on the SEC website