{"id":41893,"date":"2023-12-18T09:16:34","date_gmt":"2023-12-18T09:16:34","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/12\/18\/cac-40-declines-as-investors-temper-rate-cut-bets\/"},"modified":"2023-12-18T09:16:34","modified_gmt":"2023-12-18T09:16:34","slug":"cac-40-declines-as-investors-temper-rate-cut-bets","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/12\/18\/cac-40-declines-as-investors-temper-rate-cut-bets\/","title":{"rendered":"CAC 40 Declines As Investors Temper Rate Cut Bets"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks traded lower on Monday after New York Fed chief Williams said that a March cut seems &#8216;premature&#8217;, tempering market speculation about imminent rate cuts.<\/p>\n<p>Also, Fed Bank of Chicago President Austan Goolsbee said on Sunday in an interview on CBS that it&#8217;s too early to declare victory over inflation fight, and interest-rate decisions would depend on incoming data. <\/p>\n<p>Closer home, European Central Bank (ECB) Governing Council Joachim said Friday that the ECB has probably concluded its hiking cycle, but it&#8217;s still too early to consider lower borrowing costs.<\/p>\n<p>Fellow member Madis Muller also indicated that it&#8217;s too early to talk about rate cuts in the near term. <\/p>\n<p>ECB members Philip Lane and Isabel Schnabel are due to speak later in the session, along with Bank of England Deputy Governor Ben Broadbent.<\/p>\n<p>The benchmark CAC 40 was down 27 points, or 0.4 percent, at 7,569 after rising 0.3 percent on Friday. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>CAC 40 Declines As Investors Temper Rate Cut Bets<\/a><br \/>\n<br \/>2023-12-18 09:16:34<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks traded lower on Monday after New York Fed chief Williams said that a March cut seems &#8216;premature&#8217;, tempering market speculation about imminent rate cuts. Also, Fed Bank of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":41894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-41893","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/41893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=41893"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/41893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/41894"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=41893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=41893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=41893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}