Shares of financial stocks are trading higher following a softer-than-expected May CPI Report. Also, the Fed left rates unchanged.
Portfolio Pulse from Benzinga Newsdesk
Shares of financial stocks are trading higher following a softer-than-expected May CPI Report. Additionally, the Federal Reserve has left interest rates unchanged.
June 12, 2024 | 7:02 pm
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POSITIVE IMPACT
ALLY shares are trading higher due to a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
A softer CPI report and unchanged interest rates are positive for financial stocks like ALLY, as they suggest a stable economic environment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BLK shares are trading higher following a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
The softer CPI report and unchanged interest rates are favorable for financial stocks like BLK, indicating a stable economic outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BX shares are trading higher due to a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
A softer CPI report and unchanged interest rates are positive for financial stocks like BX, suggesting a stable economic environment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
CG shares are trading higher following a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
The softer CPI report and unchanged interest rates are favorable for financial stocks like CG, indicating a stable economic outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
IVZ shares are trading higher due to a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
A softer CPI report and unchanged interest rates are positive for financial stocks like IVZ, suggesting a stable economic environment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SPGI shares are trading higher following a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
The softer CPI report and unchanged interest rates are favorable for financial stocks like SPGI, indicating a stable economic outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80