Breitbart Business Digest: The Market Goes Manic for Rate Cuts

A high school track coach once said that the secret to winning a sprint was to find the fastest kid on the track and try to get ahead of him.The federal funds futures market is pricingof the Federal Open Market Committee this year. Some investors think the Fed will begin with a bang, cutting 50 basis points in September, while others see a quarter point cut at each of the September and November meetings followed by a 50 basis point cut in December.

It’s hard to see what could justify that pace of cutting, especially because bond and equities markets are not pricing in anything like a serious downturn. The. Spreads between safer and riskier bonds do not show any evidence that investors think defaults or corporate bankruptcies are a serious threat.the odds of a recession are actually retreating

. After the Expectations Index for July revised up to 81.1, August marked the second consecutive month of the index above 80. That’s the threshold below which typically indicates a recession is looming in the future.signaled that the Fed is ready to make its first move in September, but he was equally careful to avoid endorsing any notion of a sharp downturn in the labor market. To the contrary, he emphasized that the Fed did not expect and would not welcomeand in the years after that.

Report: Kamala Harris Claims She ‘Does Not Support’ Electric Car Mandates After Years of Backing ThemFederal Judge Blocks Biden-Harris Rule Giving Union Rights to Foreign Workers But Not AmericansReport: Robert Kennedy Jr. Unable to Withdraw from Michigan BallotMigrant Amazon Driver Allegedly Smashes Florida Mom Walking Baby, Flees Scene

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breitbart Business Digest: Many Americans Don’t Believe Inflation Is Getting BetterSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: The Potential Danger in Powell’s Jackson Hole DovishnessSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: How the Migrant Surge Likely Drove That Huge Jobs RevisionSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Manufacturing Jobs Are Shrinking Under Biden-Harris PoliciesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: U.S. Native-Born Workers Work More Intensively Than ImmigrantsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Americans Are Increasingly Unhappy with Their JobsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »