Traders in the fed funds futures market now expect a more than 50% chance of a 50 basis point rate cut by the Federal Reserve at its July 30-31 meeting,...
Traders in the fed funds futures market now expect a more than 50% chance of a 50 basis point rate cut by the Federal Reserve at its July 30-31 meeting, following the release of prepared remarks from New York Fed President John Williams. The chance of a 50 basis point rate-cut was estimated at 34% a day ago. The 2-year Treasury note yield TMUBMUSD02Y, -3.14% , sensitive to expectations for Fed policy, tumbled 5.
5 basis points to 1.781%. Debt prices move in the opposite direction of yields. Williams said the Fed should respond early to signs of economic weakness."When you only have so much stimulus at your disposal, it pays to act quickly to lower rates at the first sign of economic distress," he said. Among members of the Federal Open Market Committee, Williams has been an advocate for preemptive, or "insurance," rate cuts to prolong the expansion.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
https://www.instyle.comInStyle is the leading site for celebrity style. See expert fashion advice, star hairstyles, beauty tips, how-to videos and real-time red carpet coverage.
Read more »
Woodstock 50 Location Permit Appeal Headed to Local Planning Board
Read more »
You won't believe Walmart's deal on this 50-inch 4K TVIt's almost an impulse buy.
Read more »
Woodstock 50 Loses Third Appeal in New York's VernonWoodstock 50 just can't catch a break in Vernon, New York. For the third time, the festival's proposal to move the anniversary event to Vernon Downs race tack has been denied, this time by the Vernon Planning Board who voted late Tuesday (July 16) to reject an appeal by festival organizers after their application was denied last week and their first appeal was turned down days later.
Read more »
Levi's most flattering anti-skinny jeans are 50% off at Walmart right nowDitch those skinny jeans for a pair of stylish and comfortable Levi's with a flattering fit.
Read more »
OK, Is Woodstock 50 Cancelled or Not?The festival is supposed to kick off a month from today.
Read more »