A mixed open on Wall Street
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 21 May 2024
⏱️ 1 minutes
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Summary
Fed Governor Christopher Waller basically rules out an interest rate hike; a change at the top of the FDIC; Treasury Secretary Janet Yellen tries to convince U.S. allies to use seized Russian assets to help Ukraine; Macy’s reported its latest quarterly earnings today.
Transcript
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| 0:00.0 | A mixed open on Wall Street, I'm Nancy Marshall Genser with the Marketplace Minute. |
| 0:06.0 | Right before the opening bell, Federal Reserve Governor Christopher Waller basically ruled out an interest rate hike. |
| 0:12.0 | Waller said current rates are tamping down. basically ruled out an interest rate hike. |
| 0:12.9 | Waller said current rates are tamping down prices, |
| 0:15.6 | but he needs several more months of good inflation |
| 0:18.0 | data before supporting an interest rate cut. |
| 0:21.2 | FDIC chair Martin Grunberg says he'll leave once his successor is confirmed. |
| 0:26.5 | Grunberg testified before Congress last week amid fallout from an independent investigation |
| 0:31.4 | that found a pattern of sexual harassment at the agency. |
| 0:35.0 | Treasury Secretary Janet Yellen is in Europe trying to convince US allies to use seized Russian assets to help Ukraine. |
| 0:42.0 | In a speech in Germany today |
| 0:44.3 | Yellen said this would be a key topic at meetings of G7 finance ministers this |
| 0:48.8 | week in Italy. And Macy's reported its latest quarterly earnings today. |
| 0:53.5 | It beat expectations, but still reported that net sales were down roughly 3% |
| 0:58.3 | from the same time last year. |
| 1:00.0 | I'm Nancy Marshall Genser with the Marketplace Minute. |
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