![]() Meanwhile, the odds that the Fed will have reversed this month's rate increase by yearend have risen to 14.9% from 10.2% yesterday and 12.6% last week. 13, odds that rates will be a half point higher than today's 5.00%-5.25%, have slumped to 20.8% now from 32.4% on Tuesday and 28% one week back. 1 meeting are now 26.5% compared with 36.2% yesterday and 31.6% one week ago.īy the time of the Fed's last policy meeting of the year, on Dec. Odds that fed funds will stand a half point higher by the end of the Fed's Nov. The chance that the Fed will go another quarter point at its September meeting (it skips August), has fallen to 13.3%, down from 22.3% on Tuesday and 18.1% a week ago. The odds that the Federal Reserve will raise rates again, after its next meeting on July 26, have faded on the back of Wednesday's weaker-than-expected consumer price report for June.Īccording to the CME FedWatch tool, interest rate traders still see a 95% certainty that the central bank lifts its benchmark fed funds rates a quarter point, to 5.25%-5.50%, on July 26. A previous version misstated the estimate. The market is pricing in an approximately 92% chance the Fed raises interest rates at the July meeting, according to CME's FedWatch Tool.Ĭorrection: Economists polled by Dow Jones expected CPI to rise 3.1% last month. June data for the producer price index - another well-watched gauge of inflation - is due Thursday before the bell.īoth price indexes are being watched for tea leaves on the path of inflation, which investors see as potential harbingers for how the central bank will move interest rates going forward. All three of those things, while they are moderating, are still uncomfortably high," Horneman added. "There's still three areas of the inflation that the Fed's looking at very closely - service inflation, wage inflation and housing inflation. But I don't think we're ready to say that they're going to be able to cut rates," said Megan Horneman, chief investment officer at Verdence Capital Advisors. Inflation is going the way that the Federal Reserve wants it to go. On top of that, core CPI - which strips out volatile food and energy prices - rose less than expected. Month over month, the index rose 0.2% last month, also less than forecast. Economists polled by Dow Jones expected a 3.1% increase. The consumer price index rose 3% on a year-over-year in June. Regional banks also saw gains, with Comerica adding 3.1%, and Zions Bancorporation jumping 2.8%. Citigroup and Goldman Sachs saw shares climb 1.8% and 1.7%, respectively. Personal Loans for 670 Credit Score or Lowerīank stocks jumped on Wednesday. Personal Loans for 580 Credit Score or Lower FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365).Best Debt Consolidation Loans for Bad Credit Registered Address: 251 Little Falls Drive, Wilmington, DE 19808. FXP is not responsible for any trading decisions taken by persons not intended to view this material. ![]() Any examples given are provided for illustrative purposes only and no representation is being made that any person will, or is likely to, achieve profits or losses similar to those examples. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice. This information is made available for informational purposes only. Information presented by FXP should be construed as market commentary, merely observing economical, political and market conditions. residents or individuals domiciled in the U.S. Any and all information provided by FXP is not intended for use by U.S. ![]() We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.įX Publications Inc., abbreviated herein as FXP, (d.b.a DailyFX) is no longer a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. ![]() We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. ![]() Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. ![]()
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