Fed, rate and Looming
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Fed, Trump and Lisa Cook
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But Jay Powell could end up caught in the middle — with the Fed chair stuck between governors advocating for bigger cuts and regional Fed presidents who would prefer to keep borrowing costs on hold. “They’re probably going to get dissents in both directions,
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.
The Fed is widely expected to make its first interest rate cut of 2025 this week, but the bigger question is how many more cuts could be on the way as the central bank contends with a weak job market,
The Federal Reserve is expected this week to lower its key interest rate for the first time in 2025, and will also give its latest economic projections. Plus, monthly retail sales and earnings from companies including General Mills are due.
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.
Inflation ticked up in August in a troubling sign for consumers, but not enough to prevent a Federal Reserve rate cut next week.
Markets have fully priced in a September cut and now anticipate three reductions this year, compared to two just weeks ago.
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.