Should the U.S. Federal Reserve opt to take its benchmark funds rate into negative territory, it will need to “go deeply negative” with a cut of between 50-100 basis points below zero, according to Standard Chartered Bank.
- CaixaBank and Bankia to merge, creating Spain’s largest bank
- Bullish market activity in 2021 will cost jobs, $7 billion money manager predicts
- Stocks making the biggest moves after hours: Snowflake, Palo Alto Network, Penn National Gaming & more
- Stock futures are flat in overnight trading after Dow snaps a 4-day win streak
- The market isn’t convinced the Federal Reserve can achieve its inflation objective