Fed, rate and mortgage
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Fed, Trump and Lisa Cook
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The Senate looks poised to confirm President Trump’s pick to join the central bank in time for the policy meeting next week, while another governor’s fate remains up in the air.
Stocks hit all-time highs as investors assessed weak labor data against the backdrop of sticky inflation, with a 25 basis point cut from the Federal Reserve in sight.
Inflation ticked up in August in a troubling sign for consumers, but not enough to prevent a Federal Reserve rate cut next week.
2don MSN
As Fed nears highly anticipated rate cut, the market ‘really hinges’ on 10-year Treasury yield
As anticipation builds around the Federal Reserve’s likely interest-rate cut next week, J.P. Morgan Asset Management’s Phil Camporeale is keeping his eye on the behavior of a particular Treasury bond amid inflation risks.
Fed expected to cut rates next week as markets price in 95% chance. Analysts say easier policy could unlock liquidity for crypto breakout. This week’s Bitcoin ETF inflows topped $1.7 billion.
Markets have fully priced in a September cut and now anticipate three reductions this year, compared to two just weeks ago.
A record downward revision to annual US job growth, paired with no surprises in the latest inflation data, sealed the deal for the Federal Reserve to cut interest rates next week.
Many believe the Fed has no choice to but to cut interest rates, but there are worries that could lead to higher consumer prices and higher unemployment.