Recession fears, market sell-off raise odds of a bigger Fed rate cut

Fears of an impending recession have some Wall Street economists betting that the Federal Reserve will approve an unusually big interest-rate cut when policymakers next meet in September. A majority of traders are already pricing in an 84.5% chance of a 50 basis point reduction during the Fed's meeting on Sept. 17-18, according to the CME Group, which tracks trading. Just 15.5% of traders think the Fed will approve a quarter-point cut.

With the unemployment rate above and core PCE inflation now below the Fed's year-end forecasts, we believe that the balance of risks favors more aggressive action by the Fed," UBS analysts wrote in a Friday note. "We are changing our base case to rate cuts of 50 basis points in September and 25 basis points each in November and December.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Federal Reserve: Crypto Reacts to Fed's Crucial Market CommentsFed officials have delivered key remarks with implications for crypto market
منبع: Utoday_en - 🏆 295. / 63 ادامه مطلب »