September rate-cut chances spike up after core CPI in May cools to a 3-year low [Seeking Alpha]
LPL Financial Holdings Inc. (LPLA)
Last lpl financial holdings inc. earnings: 4/30 04:05 pm
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Source: Seeking Alpha
Traders in the fed funds futures market pushed up the chances of a September rate cut to 62.8% from 46.8% a day earlier, according to the CME FedWatch tool . The move came after the Labor Department's Consumer Price Index report showed core CPI at 3.4% Y/Y, the lowest since April 2021 when the reading was 3%. Headline CPI at 3.3% Y/Y was less than the 3.4% expected. The core and headline rates were still well above the Fed's 2% inflation target. The data arrived ahead of the June policy decision due later Wednesday. Policymakers led by Jerome Powell are expected to leave the fed funds rate steady at 5.25%-5.5%. “Softer inflation is good news for the Federal Reserve,” Jeffrey Roach, chief economist at LPL Financial, said in a note. “The Fed will still likely communicate this afternoon their intentions to keep rates higher for longer in their updated summary of economic projections. The updated dot plot will likely signal only two rate cuts this year, a change from the three cuts c
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LPLA
News
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- The stock market is in its longest stretch without a 2% sell-off since the financial crisis [CNBC]CNBC
- LPL Financial (LPLA) May Metrics Up From April on Upbeat Markets [Yahoo! Finance]Yahoo! Finance
- LPL Financial Reports Monthly Activity for May 2024 [Yahoo! Finance]Yahoo! Finance
LPLA
Earnings
- 4/30/24 - Beat
LPLA
Sec Filings
- 6/18/24 - Form 4
- 6/14/24 - Form 4
- 6/14/24 - Form 144
- LPLA's page on the SEC website