Sector movers: Stocks slip as U.S. Fed rate cut expectations fade

Sector movers: Stocks slip as U.S. Fed rate cut expectations fade Banks and Life insurers paced losses as expectations for interest rate cuts in the U.S. continued to shift. Case in point, on Thursday Berenberg chief economist Holger Schmieding changed his forecast for the Federal Reserve's first rate cut from June to December. Wall Street was in fact trading mixed on Thursday afternoon but across the Continent shares were bathed in red. Longer-term Gilt yields meanwhile were tracking the move …