Logo of the US Federal Reserve, as Jerome Powell’s remarks boost expectations of renewed interest-rate cuts
Market expectations for the Federal Reserve to resume interest rate cuts at its September meeting increased after Fed Chair Jerome Powell hinted that current conditions may warrant such a move.
The probability of a 25 basis point rate cut at next month’s meeting rose to 91.2%, compared with 75% a day earlier and 85.4% a week ago, according to CME FedWatch estimates.
Be the first to comment
Comments Analysis: