President Trump takes to Twitter to once again express his displeasure with the Fed.
“The Federal Reserve must FINALLY lower the Fed Rate to something comparable to their competitor Central Banks,” Trump writes.
“Jay Powell and group are putting us at a decided
economic and physiological [sic] disadvantage. Should never have been
this way. Also, STIMULATE!”
Traders are expecting the Fed to cut by at least
50 basis points next week. The CME FedWatch Tool puts a 81.2%
probability of a 100-bp cut and a 18.8% probability of a 50-bp cut; late
yesterday the odds of a 100-bp cut were at 86.7%.
The federal funds target rate currently stands at
1.0%-1.25%; yesterday, the European Central Bank left its deposit rate
at -0.5% and its main refinancing rate at 0.0%.
https://seekingalpha.com/news/3551616-trump-keeps-pressure-on-powell-to-slash-rates
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.