Breitbart Business Digest: The Market Goes Manic for Rate Cuts
The federal funds futures market is pricing in a cut in each of the remaining three meetings of the Federal Open Market Committee this year.

The federal funds futures market is pricing in a cut in each of the remaining three meetings of the Federal Open Market Committee this year.
Cutting rates too quickly could lead to a resurgence of inflation, forcing the Fed into a tighter monetary policy stance down the road.
Powell says Fed needs to cut to prevent further weakening of the labor market.
Absent some economic catastrophe, there’s almost no chance of an emergency rate cut in August.
On Monday’s broadcast of “CNN News Central,” Rep. Adam Smith (D-WA) responded to the tumble in the stock market by stating that the Federal Reserve needs to cut interest rates and “inflation is down pretty close to zero. And now,
Vice President Kamala Harris’s campaign on Friday blamed former President Donald Trump for the recent spike in the unemployment rate — under her and President Joe Biden’s administration.
Democrats on Friday urged the nation’s central bank to cut interest rates now as the unemployment rate surged.
Leftists are desperate for the Federal Reserve to cut interest rates because they hamper the “country’s ability to combat the climate crisis.”
Donald Trump on Wednesday threw a monkey-wrench into the plans of Democrats to claim he wants to cut Social Security when he proposed ending federal taxes on the benefits of retirees.
Will Fed officials stick by their forecast of a single rate cut this year or capitulate to financial markets that are pricing in multiple cuts this year?
Economic growth picked up more than expected in the spring, not only undermining the case for rate cuts but also raising the possibility that the Federal Reserve still has not done enough to cool the economy off to bring inflation down to its two percent target.
On Friday’s broadcast of NPR’s “Morning Edition,” Chicago Federal Reserve Bank President Austan Goolsbee stated that while the May and June inflation reports were “excellent” ones, the frustration that he often hears that “I go to the grocery store. It
A Fed rate cut on the eve of the election would inevitably be seen as a partisan political gift to incumbent Joe Biden and would invite backlash from Republicans.
The biggest underpriced risk in the market is still a hike from the Federal Reserve.
The Fed has finally come around to the idea that interest rates are very likely to be higher for as far as the eye can see.
Fed officials sharply reduced the number of rate cuts they expect this year, confirming indications that the Federal Reserve is likely to hold its interest rate higher for longer.
All eyes will be on the dots tomorrow when the Federal Reserve releases its quarterly economic forecasts known as the Summary of Economic Projections, or SEP.
The rise in longer-term inflation expectations are likely to add weight to the argument that the Fed should keep its policy rate at current levels rather than cut later this year.
As the Federal Reserve prepares for its June Federal Open Market Committee (FOMC) meeting, speculation is rife about its next move.
Persistent inflation matches core inflation, suggesting that further progress on bringing down inflation will be hard to come by.
Hammack will replace Loretta Mester, one of the Fed’s most hawkish officials.
During an interview with CNBC Europe on Tuesday, Minneapolis Federal Reserve Bank President Neel Kashkari stated that right now, inflation is going sideways, we need “many more months of positive inflation data” to get one to two rate cuts and government
After three months of rough inflation news, the April data is expected to give Fed officials at bit of a breather.
One of the last holdouts for an early rate cut has conceded that the Fed will likely hold out for longer.
There’s a palpable tension in the air as Wall Street is confronted with the once unthinkable: interest rates may not be at their peak.
The April-May minutes have a much more hawkish tone than the summary of the previous meeting.
Progress on inflation has been very slight, so any rate cuts will have to wait until the Fed has several more months of data on inflation, Waller said.
Powell is working from home while he deals with his second bout of Covid.
In a trend that underscores the intransigence of high inflation in the U.S., the cost of imported goods rose in April for the fourth month in a row, marking the fastest pace of increasing import prices in two years. The
The strength of the housing market suggests that a lack of housing supply, high levels of immigration, and increased demand from remote work may mean interest rates need to go higher to reduce inflation.
The Federal Reserve admitted yesterday that progress on inflation has stalled and that it will take longer for the Fed to achieve the confidence it needs to cut interest rates.
The Fed chair does not see a rate hike coming but he acknowledged that recent setbacks on inflation mean the current rate policy will last for longer than anticipated.
Federal Reserve officials agreed on Wednesday to hold interest rates steady for the sixth consecutive meeting, signaling that it is willing to keep rates at the highest level in more than two decades for longer than previously expected and noting that progress on bringing down inflation has stalled.
The odds of a Fed cut are evaporating amid the blaze of hotter than expected inflation figures.
The PCE index shows that progression on bringing down inflation has stalled.
On Thursday’s broadcast of the Fox News Channel’s “Your World,” Minneapolis Federal Reserve Bank President Neel Kashkari stated that stimulus spending was “a contributor to the high inflation that we’ve seen.” And “the spending on infrastructure, the spending on new chip
Employment grew much more than expected for the third month in a row.
The Atlanta Fed said inflation is falling much more slowly than expected, so the Fed will probably not cut rates until the end of the year.
The potential that the Fed’s next move is up instead of down is arguably the most underpriced risk in the market.
The JOLTS report casts further doubt on the need for a rate cut from the Federal Reserve in the months ahead.