The 'Halftime Report' traders think the Fed won't cut rates next week but needs to continue signaling that it is monitoring economic developments and will intervene if necessary.
The “Halftime Report” traders think the Fed will not be cutting interest rates at the June meeting next week.
Cerity Partners' Jim Lebenthal says the Fed “doesn't want to cut. They want to have dry powder – in the ability to cut rates – for when a recession hits. " Instead of cutting rates, “they need to keep walking the line of letting the market know that the Fed could intervene to support the economy, while at the same time expressing confidence in the economic outlook going forward,” Boston Private's Shannon Saccocia advises.
Jerome Powell, Chair, Board of Governors of the Federal Reserve speaks during a conference at the Federal Reserve Bank of Chicago on June 4, 2019 in Chicago, Illinois.The biggest question for the highly anticipated FOMC meeting next week is whether the Federal Reserve will be cutting interest rates. The question seems to be one of when rather than if. Though the Fed has voted to keep rates steady so far this year, it has indicated that it could change course if warranted.says the Fed “doesn't want to cut. They want to have dry powder – in the ability to cut rates – for when a recession hits. The market does not expect and has not priced in a rate cut, so they know that they can 'get away with’ not cutting and saving their dry powder.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Trade war risks forcing Fed rate cut this year, say economists: Reuters PollThe chances of a Federal Reserve interest rate cut this year have dramatically i...
Consulte Mais informação »
Trump says stock market would be '10,000 points higher' if Fed didn't raise ratesBroadcom led a plunge in chip stocks Friday after the chipmaker missed revenue expectations and lowered guidance.
Consulte Mais informação »
WSJ Survey: Most Economists Say Fed's Next Move Is Rate CutMore than three quarters of economists surveyed by The Wall Street Journal expect the Federal Reserve’s next move will be to lower interest rates, which most expect to happen by the fall.
Consulte Mais informação »
Here’s why this overlooked yield-curve measure points to a ‘soft landing’ by the FedAn inversion in some measures of the yield curve might point to an economic downturn, but other segments of that curve suggest a more optimistic view of the U.S.’s growth prospects
Consulte Mais informação »
How an Obama Fed appointee is scuttling Wall Street's bid to ease rulesAs a U.S. Federal Reserve governor, Lael Brainard gets only one vote on proposal...
Consulte Mais informação »
EXCLUSIVE: Trump says of Fed Reserve chairman 'I've waited long enough'EXCLUSIVE: Pres. Trump defends repeated criticism of Federal Reserve Chair Jerome Powell: “I’ve waited long enough.” 'He's my pick—and I disagree with him entirely,' he tells GStephanopoulos.
Consulte Mais informação »