Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Financial 15 Split Corp T.FTN

Alternate Symbol(s):  T.FTN.PR.A | FNNCF

Financial 15 Split Corp. is a mutual fund company. The Company’s investment objectives with respect to the preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in an amount fixed by the board of directors on an annual basis. Its investment objectives with respect to the Class A shares are to provide holders of Class A shares with... see more

TSX:FTN - Post Discussion

Financial 15 Split Corp > FED holds rates steady, market likes it
View:
Post by mouserman on Mar 20, 2024 2:45pm

FED holds rates steady, market likes it

US stocks popped on Wednesday after the Federal Reserve held interest rates unchanged and stuck to its projection of three rate cuts this year.

The S&P 500 (^GSPC) rose 0.2% on the heels of a fresh all-time closing high for the benchmark on Tuesday. Meanwhile, the Dow Jones Industrial Average (^DJI) also popped 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) led the gains, rising more than 0.3%. All three of the major averages had been in the red at some point during the session prior the announcement.

Along with its policy announcement, the Fed released updated economic forecasts in its Summary of Economic Projections (SEP), including its "dot plot," which maps out policymakers' expectations for where interest rates could be headed in the future.

Fed officials see the fed funds rate falling to 4.6% by the end of 2024. That suggests the Fed will cut rates by 0.75% this year. Notably, this falls in line with market pricing from investors entering Wednesday.

Bonds were little changed on the news. Yields on the 10-year Treasury (^TNX) were slightly lower at around 4.28%, after rising over 20 basis points in the past two weeks.

Comment by KozmoT on Mar 20, 2024 2:53pm
And likes it a lot, my entire portfolio made a large upwards spike right after the announcement.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities