News about Fed

Tomorrow's News Today... BREAKING: THE FED HOLDS INTEREST RATES AT 5.25-5.50%, CITING FIRMER PRICE PRESSURES AND LOWER CONFIDENCE THAT INFLATION WILL MOVE DOWN TO THEIR 2% TARGET THIS YEAR.

The Fed's catch-22: They don’t want to cut without more convincing evidence their policy stance is as restrictive as they think it is But some are uneasy it will be too late to avoid an employment downturn by the time they see the evidence No paywall: www.wsj.com/economy/central-banking/fed-meeting-interest-rate-preview-9eabab49?st=1h4dmxe93thf722&reflink=desktopwebshare_permalink

This table, from @NickTimiraos, is notable for several reasons, including the wide (0-100 bps) forecasts for #FederalReserve interest rate reductions in the context of universal agreement that the first cut, if we get one, would not come until September at the earliest. #economy pic.twitter.com/pW9mtKeaUC

❖ U.S. SHORT-TERM INTEREST-RATE FUTURES JUMP AFTER INFLATION DATA; TRADERS PRICE IN BIGGER CHANCE OF FED RATE CUTS