The market is betting on a 50-50 chance of three Fed rate cuts this year.
According to Odaily, inflation data released on Friday came in lower than expected, prompting a rise in U.S. Treasury prices and fueling investor expectations for three Federal Reserve rate cuts in 2026. The yield on the two-year U.S. Treasury note, which is most sensitive to changes in central bank policy, fell as much as 6 basis points to 3.40%, hitting its lowest level since last October before narrowing slightly. After the data was released, traders priced in about 63 basis points of rate cuts for the year—suggesting a roughly 50% probability of a third 25 basis point cut by year-end, in addition to two already priced-in cuts, compared to Thursday’s pricing of 58 basis points. Regarding January’s non-farm payroll data, traders earlier this week had already stopped fully pricing in a 25 basis point rate cut by mid-year, pushing their bets back to July. Wall Street banks that previously forecast a rate cut in March have also postponed their expectations to later in 2026. (Golden Ten Data)
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BUZZ - Preview: Levi's shares decline, market focuses on high-end jeans sales
On Wednesday, October 7, Levi Strauss (LEVI.N) shares fell 4.3% to $19.65 ahead of the company's quarterly earnings release after the market close. With consumer spending becoming more cautious, investors are closely watching the company's progress in entering the premium jeans market. According to data from the London Stock Exchange Group (LSEG), the apparel manufacturer—known for its jeans and casual wear—is expected to report third-quarter revenue growth of about 5% year-on-year to $1.62 billion, with adjusted earnings per share at $0.36, higher than last year's $0.34. Last quarter, the company raised its annual sales forecast, betting that its premium jeans would attract high-income consumers, though its earnings outlook disappointed some investors. Jefferies, in a preview report, anticipated the third-quarter results would be "solid" given strong demand for jeans, and pointed out that the appointment of a new chief financial officer signals continued focus on future global growth. On September 30, Levi's announced the appointment of John Vandemore as chief financial officer, effective November 1, 2026; Vandemore previously worked at Skechers, where he served as corporate controller and led the global finance team for the past nine years. In response to this news, Levi's shares have declined about 5% year-to-date and approximately 20% over the past 12 months. Out of 16 brokerage firms, 13 rate the stock as "strong buy" or "buy," while 3 have it as "hold"; the median target price remains at $27, unchanged over the last three months.
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