Fed's Harkin doubts likelihood of negative rates even though the market is pricing them in

policy rate that banks charge each otherThe May contract for the funds rate still traded at 0.525%, near the bottom of the 0%-0.25% range where the Fed is targeting the benchmark, but futures contracts are drifting progressively lower. Fed officials repeatedly have pushed back against the notion of rates anywhere on the curve going negative, though markets seem to disagree.

"I think negative interest rates have been tried in other places, and I haven't seen anything personally that makes me think they're worth a try here," Barkin said on CNBC's "Rates on government debt in Germany, France and other parts of Europe are negative, as is the case in Japan. Short-duration U.S. Treasury yields at the have drifted into negative territory at various times in recent months and the two-year note fell to its lowest on record in Thursday trading, most recently around 0.1%.

“Pricing them in”

Is it Barkin or Harkin?

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Stocks Lose Steam After Fed Vice Chairman Says Economy Needs More SupportStocks finished slightly higher today, but the market cut its gains after Federal Reserve Vice Chairman Richard Clarida warned that the economy would need more support to rebound by skleb1234 skleb1234 Yes buy out some more Zombie companies skleb1234 Vice Chairman Richard Clarida needs to be fired. He is either flat out lying are does not know what he is doing. He needs to go back to school and take a course in economics. The economy is getting the greatest support in history since Trump took over. It will continue to grow skleb1234 Maybe I am enough cleaver but how the stock rise with an economy so near the depression ? I have no doubt it's the Fed wich made Monopoly monney and the rest of the others countries buy the US debt,
Source: Forbes - 🏆 394. / 53 Read more »