financetom
Economy
financetom
/
Economy
/
Traders boost bets on Fed rate cut in Sept after CPI data
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Traders boost bets on Fed rate cut in Sept after CPI data
Jul 11, 2024 6:04 AM

(Reuters) - Traders on Wednesday boosted bets that the Federal Reserve will start cutting rates in September after a government report showed inflation receding in June.     Interest-rate futures prices reflected about an 85% chance of a rate cut at the Fed's September meeting, compared with about a 70% chance seen before the report, which showed consumer prices unexpectedly fell last month from May. Traders also firmed bets on a second rate cut in December.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Analysis-Details of new US bank capital rules still uncertain with election looming
Analysis-Details of new US bank capital rules still uncertain with election looming
Sep 12, 2024
WASHINGTON (Reuters) - U.S. bank investors, analysts and executives were trying to figure out on Wednesday how lenders would fare under revised hikes in capital requirements, with considerable uncertainty over what specifics will emerge from the Federal Reserve and other regulators, and the presidential election a looming wild card. The Fed's regulatory chief Michael Barr on Tuesday outlined a plan...
US weekly jobless claims rise moderately
US weekly jobless claims rise moderately
Sep 12, 2024
WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits increased marginally last week, pointing to a still-low level of layoffs even as the labor market slows. Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 230,000 for the week ended Sept. 7, the Labor Department said on Thursday. Economists polled by Reuters had...
Weekly Jobless Claims Post Surprise Increase
Weekly Jobless Claims Post Surprise Increase
Sep 12, 2024
12:15 PM EDT, 09/12/2024 (MT Newswires) -- Weekly applications for unemployment insurance in the US increased unexpectedly, government data showed Thursday, as the Federal Reserve prepares to begin lowering interest rates next week. The seasonally adjusted number of initial claims rose by 2,000 to 230,000 in the week ended Sept. 7, according to the Department of Labor. The consensus was...
US Treasury reports $380 billion August budget deficit
US Treasury reports $380 billion August budget deficit
Sep 12, 2024
WASHINGTON (Reuters) - The U.S. Treasury on Thursday reported a $380 billion federal budget deficit for August, a massive shift from the $89 billion surplus in August 2023 that resulted from the reversal of President Joe Biden's student loan forgiveness program. The deficit for the first 11 months of the 2024 fiscal year reached $1.897 trillion, a 24% increase from...
Copyright 2023-2026 - www.financetom.com All Rights Reserved