Expectations for a rate cut by end of October have jumped to 60%, based on trading in the fed fund futures market. Yesterday that was at 40%.
Investors are betting a weak September Institute for Supply Management manufacturing report, published Tuesday, will make it more likely the Federal Reserve will cut interest rates for the third straight policy meeting at the end of October.
Many others, including Chicago Fed President Charles Evans, thought it could be appropriate for the Fed to hold policy steady. “The risk is this weakness spills over into the services sector, where the majority of hiring takes place,” said Brett Ryan, senior U.S. economist at Deutsche Bank. Ryan thinks the Fed will cut interest rates three more times, by a quarter-point in October, December and the first-quarter.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
A Photographer's Moving Photo Shoot Centers on Tube-Fed Babies — and Yep — Fed Is Best, PeriodAnna Poteet, a photographer from Chattanooga, TN, recently took a unique approach to the 'fed is best' conversation by staging a shoot that centered
Weiterlesen »
‘Fed Is Best’ Photoshoot of Tube-Fed Babies Urges Acceptance for AllThe babies, who had struggled to thrive, now shine in these powerful photos.
Weiterlesen »
Dow sinks 150 points after ISM manufacturing report comes in at worst level since financial crisisU.S. stocks relinquished firm gains to turn negative Tuesday morning after a closely watched reading on manufacturing in the U.S. came in at its worst level...
Weiterlesen »
Slumping manufacturers experience worst month since Great Recession, ISM findsAmerican manufacturers posted the biggest contraction in September since the end of the 2007-2009 recession, reflecting a slowdown in the U.S. and global...
Weiterlesen »
U.S. manufacturers experience worst month since 2007-2009 Great Recession, ISM findsAmerican manufacturing posted the biggest contraction in September since the end of the 2007-2009 recession, reflecting a slowdown in the U.S. and global...
Weiterlesen »
Yes, the ISM manufacturing report was bad, but no, it doesn’t mean recession is comingSo just how bad is the slump in manufacturing? And is it enough to shatter the U.S. economy? In a word, no. Economists say the manufacturing slump would have to get much worse and infect the rest of the economy to induce the first recession in more than a decade.
Weiterlesen »