The S&P 500 hit a record high on Thursday, lifted by Wall Street’s expectations that the Federal Reserve will cut interest rates as soon as next month to keep the U.S.-China trade war from stalling economic growth.
— Read on www.reuters.com/article/us-usa-stocks/rate-cut-euphoria-elevates-sp-500-to-record-high-idUSKCN1TL1CY
Tag: Rate Cut
Traders are pricing in a 100% chance of at least one Fed rate cut in July
While the Federal Reserve still sees no rate cut in 2019, traders are convicted a rate reduction is coming as soon as July.
— Read on www.cnbc.com/2019/06/19/traders-are-pricing-in-a-100percent-chance-of-at-least-one-fed-rate-cut-in-july.html
Federal Reserve dot plot June 2019: No rate cut expected until 2020
The Federal Open Market Committee’s quarterly economic forecast includes the so-called dot plot of where members see interest rates heading.
— Read on www.cnbc.com/2019/06/19/federal-reserve-dot-plot-june-2019.html
Federal Reserve Holds: Rates Unchanged, but Signals Ready to Cut – Bloomberg
The Federal Reserve signaled it was ready to lower interest rates for the first time since 2008, citing “uncertainties” that have increased the case for a cut as officials seek to prolong the near-record U.S. economic expansion.
— Read on www.bloomberg.com/news/articles/2019-06-19/fed-scraps-patient-rate-approach-in-prelude-to-potential-cut
Bank of Canada Poised to Follow Fed With Rate Cuts, Traders Bet – Bloomberg
The Bank of Canada is likely to join the U.S. Federal Reserve with an interest rate cut this year to deal with the fallout from rising trade tensions, according to trading in the swaps market.
— Read on www.bloomberg.com/news/articles/2019-06-04/bank-of-canada-poised-to-follow-fed-with-rate-cuts-traders-bet
North American stocks surge as Fed signals rate cut – BNN Bloomberg
North American stocks surge as Fed signals rate cut – BNN Bloomberg
— Read on www.bnnbloomberg.ca/north-american-stocks-surge-as-fed-signals-rate-cut-1.1268354
Fed’s Bullard says a rate cut may be ‘warranted soon’
The St. Louis Federal Reserve president is the first Fed official to say recent events may require a central bank response.
— Read on www.cnbc.com/2019/06/03/feds-bullard-says-a-rate-cut-may-be-warranted-soon.html