Stock Market Update
28-Mar-25 11:30 ET
Rate cut expectations remain steady
Dow -503.56
at 41796.14,
Nasdaq -364.10
at 17439.93,
S&P -78.00
at 5615.31
[BRIEFING.COM] The major indices remain at session lows.
The Atlanta Fed revised its Q1 GDP forecast to -2.8% from -1.8% following this morning's data. Meanwhile, rate cut expectations remain stable.
The fed funds futures market sees a 72.2% probability of at least a 25 basis points cut by the June FOMC meeting, up from 65.5% yesterday, according to the CME FedWatch Tool.
Also, the 2-yr Treasury note yield, which is most sensitive to changes in the fed funds rate, is down six basis points to 3.94%.
