Traders' expectations for the Federal Reserve to ease policy rose in the fed fund futures market after President Donald Trump announced plans to impose 10%...
Traders' expectations for the Federal Reserve to ease policy rose in the fed fund futures market after President Donald Trump announced plans to impose 10% tariffs on the remaining $300 billion worth of imports that have up to now been untouched by levies.
Expectations for the Fed to cut rates by 25 basis points at the September meeting of the Federal Open Market Committee climbed to 70.4%, from 48.6% a day ago, CME Group data show. This comes only a day after Fed Chairman Jerome Powell suggested July's 25 basis point rate cut was more of an insurance policy against global economic risks.
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