Landmark Fed decision in focus, futures edge higher - what's moving markets [Yahoo! Finance]
United States Steel Corporation (X)
Last united states steel corporation earnings: 4/30 04:16 pm
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Source: Yahoo! Finance
around whether the central bank will choose to potentially cut borrowing costs by 25 basis points or a more aggressive 50 basis points. The independent directors on the board of gene testing group 23andMe quit following failed negotiations with Chief Executive Anne Wojcicki over her proposal to take the group private, sending shares sharply lower in extended hours trading. The Federal Reserve is widely tipped to slash interest rates for the first time since March 2020 following the conclusion of its latest two-day meeting on Wednesday, but the scope of the reduction remains a source of considerable uncertainty for investors. According to CME Group's closely-monitored FedWatch Tool, the chances of a jumbo 50-basis point cut -- rather than a more traditional 25-basis point drawdown -- stand at 61%. Bets that the Fed will roll out a super-sized cut have increased in recent days, fueled by reports in the Financial Times and Wall Street Journal that the move remains a possibility. Me
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