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Top related persons:
Joseph Brusuelas - 1 — - 1 Jerome Powell - 1 Christopher Waller - 1
Top related locs:
Jackson Hole , Wyoming
Top related orgs:
Federal Reserve - 1 Friday's Commerce Department - 1 RSM - 1 Traders - 1 Federal Open - 1 Fed - 1

Search resuls for: "Friday's Commerce Department"


2 mentions found


☆ Markets now pricing in three rate cuts before the end of the year following better inflation news
  + stars: | 2024-07-26 | by ( Jeff Cox | ) www.cnbc.com   time to read: +2 min
Improving news on inflation again has raised investors' hopes that the Federal Reserve soon will start to aggressively lower interest rates. Futures market pricing now indicates that while the Fed will remain on hold at next week's policy meeting, it will commence cutting in September and move again in November and December. The market-implied probability for a September cut nudged up to about 90% Friday morning, according to the CME Group's FedWatch Tool that measures fed funds futures pricing. Traders in early 2024 were pricing in at least six cuts this year, but the central bank's rate-setting group has remained on hold for a year. Following the two-day meeting that concludes next Wednesday, the Fed meeting schedule is empty for August, save for the all-important annual conclave in Jackson Hole, Wyoming.
Persons: Joseph Brusuelas, —, Jerome Powell, Christopher Waller Organizations: Federal Reserve, Friday's Commerce Department, RSM, Traders, Federal Open, Fed Locations: Jackson Hole , Wyoming
☆ Further Fed hikes expected after data dashes 'disinflation' hopes
  + stars: | 2023-02-24 | by ( Michael S. Derby Ann Saphir | Michael S. Derby | Ann Saphir | ) www.reuters.com   time to read: +4 min
"It's going to take more effort on the part of the Fed to get inflation on that sustainable downward path to 2%." She is among the minority of Fed policymakers who back in December thought they would need to lift the policy rate to 5.4% to stop inflation, while most believed 5.1% would suffice. Similarly none of the other Fed policymakers who spoke Friday, including the normally hawkish Governor Christopher Waller and St. Louis Fed President James Bullard, focused on the fresh inflation data to argue for a more muscular Fed response, though all continued to signal more rate hikes would be required. And traders largely erased what had been consistent bets on Fed rate cuts towards the end of the year, pricing in a year-end Fed policy rate of 5.26%. "It looks like the Fed will have to be more aggressive," said Yelena Shulyatyeva, an economist at BNP Paribas.
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