The Fed surprised many investors with a jumbo rate cut this week. It won’t get much easier to predict the next move
Federal Reserve Chair Jerome Powell is known for providing clear signals about the central bank’s next interest rate move in order to avoid roiling markets. But Wall Street was mostly clueless this week when it came to predicting how big a rate cut the Fed would deliver on Wednesday.
Futures on the fed funds rate, which measures the cost of unsecured overnight loans between banks, have priced in a nearly 60 ...
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Investors and economists will find out on Wednesday whether the Federal Reserve sees the greater risk to the employment or ...
This time there was uncertainty about how big the reduction would be. A week earlier, market pricing implied roughly 65% ...
Polymarket shows a 99% chance of a Fed rate cut this week, potentially lowering the federal funds rate to 5.00%-5.25%.
"Today's figure tilts the scales a touch toward a more aggressive path," says one economist. "If we get another big downside ...
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