Fed Lowers Interest Rates But Signals Future Pause in Rate Cuts
The Federal Open Market Committee (FOMC) voted to lower its benchmark funds rate, which governs what banks charge each other for overnight lending and also most forms of revolving consumer credit, in its October 30 meeting. The quarter-point cut, leaving the fed funds...
Fed Certainly Uncertain – Cuts Rates by 25bps
The U.S. Federal Reserve cut interest rates for the first time in more than a decade on Wednesday 31 July, citing “implications of global developments for the economic outlook as well as muted inflation pressures”. Fed Chairman Jerome Powell said the cut was to...
50 bps Rate Cut By End of 2019, Says Fed Funds Futures
U.S. fed funds futures contracts extended their rally and are currently indicating more than half a percentage point of interest rate cuts this year by the Federal Reserve. Several U.S. primary dealers corroborate these numbers with their prediction of rate cuts in...
