Items Tagged with 'fed rate'

ARTICLES

  • Future markets indicate a 0.25% cut at July Fed meeting

    Trump’s intended Fed nominee pushes for bigger reduction
    Traders in futures markets have signaled a 77.5% probability of a quarter percentage point cut at next week’s Federal Reserve meeting and a 22.5% chance of a half percentage point cut, according to the CME’s FedWatch tool. In an unusual move, Trump’s intended nominee for Fed board is pushing for the bigger reduction.
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  • Fed Chairman Powell tells Congress he would ignore Trump if fired

    “I fully intend to serve,” the nation’s top central banker said
    Federal Reserve Chairman Jerome Powell told Congress on Wednesday that he wouldn’t leave his post as the nation’s top central banker even if President Donald Trump fired him. Any whiff of instability at the top of the nation’s banking system could cause rates to rise as mortgage-bond investors seek additional compensation for perceived risk.
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  • Dueling polls on Fed's next move suggest the safe bet is a July rate cut

    Only 2 out of 46 economists in WSJ poll say the FOMC will act at next week's meeting
    Traders in futures markets are signaling a 22.5% probability of a Fed rate cut next week and an 86% chance of a cut at or before its July 30-31 meeting, according to CME Group. Economists polled by The Wall Street Journal gave a different picture: About 0.5% said they expect a move next week and 40% pegged it to the July gathering. That makes July the safe bet, with perhaps language added to the FOMC’s June statement aimed at reassuring markets.
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  • Fed's Bullard says cutting benchmark rate "may be warranted soon"

    Says global trade disputes may be difficult to resolve
    Federal Reserve Bank of St. Louis President James Bullard said Monday that a lowering of the central bank’s short-term target rate "may be warranted soon." The Fed "faces an economy that is expected to grow more slowly going forward, with some risk that the slowdown could be sharper than expected due to ongoing global trade regime uncertainty," Bullard said.
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