So we wouldn't say that there's necessarily a certainty that this is the last hike for the year." "And I think there's still more information to be had. "They have to be convinced that inflation is durably on this glide path towards their target," U.S. However, they are less certain about what policymakers will do in September. Investors are overwhelmingly betting the Fed will raise rates by a quarter percentage point. Investors are also awaiting the Federal Reserve's policy decision Wednesday and will parse through Chair Jerome Powell's comments for his economic outlook. Of those names, about 79% have exceeded analyst expectations, FactSet data shows. Nearly 130 S&P 500 companies having reported second-quarter earnings thus far. Wall Street is digesting results from the busiest stretch of earnings so far, with major tech names Alphabet and Microsoft set to report after the close. A report from The Wall Street Journal, citing people familiar with the matter, said Banc of California is in advanced talks to buy PacWest. Meanwhile, Banc of California shares surged 11% and PacWest Bancorp shares dropped 27%. ![]() Meanwhile, General Electric climbed nearly 6.3% on the back of stronger-than-expected revenue for the second quarter.Įlsewhere, UPS fell 1.9% after it reached a tentative deal with the Teamsters union, avoiding a strike. General Motors shares fell 3.5% even after the automaker hiked its full-year earnings guidance. ![]() Personal Loans for 670 Credit Score or Lower ![]() Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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