(Bloomberg) — US equity-index futures rose as investors grew confident the Federal Reserve’s peak interest rate would be within levels already priced in by markets. Europe’s equity benchmark halted a two-day loss as Nvidia Corp.’s bullish outlook sparked gains in global technology shares. After months of divergence over the perceived path of monetary tightening, the Fed and markets are increasingly getting aligned in their expectations, reducing the scope for hawkish shocks. Traders are now pricing in a Fed peak rate of 5.55% by July, compared with 4.90% they were betting on at the start of year. Most Read from Bloomberg Businessweek©2023 Bloomberg L.P.
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