US Equity Investors to Focus on Int'l Trade, Macroeconomic Data, Earnings This Week in Search of Bottom
* Under circumstances in which the Federal Reserve judges its inflation and employment objectives are "not complementary, it takes into account the employment shortfalls and inflation deviations and the potentially different time horizons over which employment and inflation are projected to return to levels judged consistent with its mandate," Scotiabank said, citing the Fed.
* The note said the Fed will likely be more patient than markets priced in a percentage point of easing by year-end.
* Early Monday, the probability of the Fed cutting interest rates in May jumped to 51% from 14% a week ago, the CME FedWatch Tool showed. By December, the highest probability, 36%, is that rates will be slashed to 3% to 3.25% from the current 4.25% to 4.5%.
* The two-year Treasury yield, which is said to align closely with Fed policy, sank 11.7 basis points to 3.56% early Monday, as turmoil in the government bond continues following the Trump administration's tariffs.
* Macroeconomic data due this week that will shed more light on the economy includes the consumer and wholesale price indexes, the FOMC minutes, and the
* On Sunday, President
* Early Monday, the Dow Jones Industrial Average futures slid almost 1,300 points, extending the bloodbath. The Nasdaq Composite futures plunged 1,780 points, and the S&P 500 futures sank 180 points.
* Financial services giants such as
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