Column: Market strikes it right on peak Fed ... finally

  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Markets are betting that the Fed's interest rate-hiking cycle is over, and the latest U.S. inflation data suggests this time they may be right.

If housing cost pressures start to ease more in the coming months, as many economists expect, then the Federal Reserve is almost certainly done.

A potential quarter-point hike next month has been taken off the table completely and the chances of a rate hike by the end of the year stand at only 20%, according to fed funds futures.a little less than expected last month to 3.2%, and annual core inflation cooled slightly to 4.7%, as forecast. Both remain well above the Fed's 2% goal.

Strip out shelter, and "inflation is basically gone," according to RealPage housing economist Jay Parsons.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines