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Refinitiv's - 1 Philip Jefferson - 1 Fed Harker - 1 Jefferson - 1 Harker - 1 Ellis Phifer - 1 Raymond James - 1 Gertrude Chavez - 1
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YORK - 1 Federal Reserve - 1 Fed Governor - 1 Philadelphia Fed - 1 Labor Department - 1 Labor - 1 Survey - 1 Thomson - 1

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☆ US rate futures expect Fed pause in June in sharp turnaround from earlier
  + stars: | 2023-05-31 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com   time to read: +2 min
The big catalyst were comments from Fed Governor and vice chair nominee Philip Jefferson and Philadelphia Fed President Fed Harker who both touted skipping a June rate hike. That said, data due on Friday about the U.S. job market "may change my mind." The Job Openings and Labor Turnover Survey, or JOLTS report, also showed layoffs declined significantly last month. After the JOLTS report, rate futures had priced in a nearly 70% chance of a rate increase next month. Some things seem like a little bit loose and so if the Fed is going to be on pause, it's time.
Persons: Refinitiv's, Philip Jefferson, Fed Harker, Jefferson, Harker, Ellis Phifer, Raymond James, Gertrude Chavez, Dreyfuss, Diane Craft Organizations: YORK, Federal Reserve, Fed Governor, Philadelphia Fed, Labor Department, Labor, Survey, Thomson Locations: Memphis , Tennessee
☆ Analysis: U.S. bank loan plan provides Fed rate hike path amid SVB fallout
  + stars: | 2023-03-14 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com   time to read: +5 min
Banks can use eligible government securities on their books like Treasuries and agency mortgage backed-debt to guarantee the loans. By comparison, a one-year loan from a Federal Home Loan Bank, a government state enterprise that provides low-cost lending to regional banks, is around 5.4%, according to market participants. In essence, the bank lending program will allow the Fed to keep raising rates." U.S. banks had raised their holdings of government securities during periods of ultra-low interest rates to defend falling interest net margins. Major banks led by Goldman Sachs (GS.N) and Barclays Bank (BARC.L) have called for a pause from the Fed next week.
☆ Bond investors brace for recession as Fed expected to slow pace of tightening
  + stars: | 2023-01-31 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com   time to read: +5 min
The rally comes after Treasuries notched the worst year in their history following the Fed's most aggressive monetary policy tightening since the 1980s. Some equity investors are nevertheless playing it safe, expecting the current rally in stocks to wilt if a recession hits. For now, many investors are wedded to a more dovish view, betting that policymakers will blink if growth starts to slow. "The Fed is closer to the end than the beginning, and rates usually fall across the curve when the Fed is finished raising rates." Of course, some investors are happy to take the central bank at its word and are betting rates stay higher for longer.
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