Utilities shares fall sharply as Treasury yields rise after Fed signals rate-cutting pause
Updated
Updated · MarketWatch · Apr 29
Utilities shares fall sharply as Treasury yields rise after Fed signals rate-cutting pause
12 articles · Updated · MarketWatch · Apr 29
Federal Reserve Chair Jerome Powell indicated the rate-cutting cycle may have ended, prompting utilities stocks to drop and Treasury yields to climb.
Oil futures in New York tested war-time highs, reflecting supply shock concerns highlighted by Powell in his final press conference as chair.
Earlier, financial sector stocks rose with Treasury yields after a divided Fed extended its rate pause, with traders increasing bets on possible rate hikes later in the year.
A four-way dissent at the Fed is the largest since 1992. What does this internal conflict signal about the economy?
Fed Chair Powell is defending his institution, but is the battle for independence already lost in the markets?
With the Fed deeply divided, are we heading for a rate hike or a surprise cut this year?
As US institutions face pressure, is the dollar's status as the world's top reserve currency at risk?
As deregulation accelerates, are US banks becoming more efficient or dangerously exposed to the next financial crisis?
If new research shows deregulation boosts GDP, are fears of another financial crisis simply overblown?