News list for " bets the US Federal Reserve"

Investors are betting that the Federal Reserve will cut interest rates sharply this week, but they are likely to be disappointed because the performance of the U.S. economy simply does not warrant an aggressive rate cut. According to the CME's Fed Watch tool, current U.S. interest rate futures prices suggest a 65% chance of a 50 basis point rate cut and a possible 116 basis point cut this year. However, a flurry of economic data on Tuesday prompted the Atlanta Fed to change its forecast for U.S....

2024-09-18 04:25:22