Odds of July Rate Cut Climb as Fed Officials Strike Dovish Tone

Date:

Odds of a July interest rate cut ticked up on June 23, as key Federal Reserve officials signaled support for a reduction next month.

New CME FedWatch Tool data from June 23 suggest that the futures market projects a 21 percent chance of a quarter-point rate cut in July, up from 14 percent a week ago.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Amazon Opens Logistics Network to Outside Businesses: What It Means

An Amazon Prime truck passes by a sign outside...

US Private Payrolls Rise by 109,000 in April, Beating Estimates

A mall in Marietta, Ga., on Feb. 22, 2024....

OpenAI Cofounder Greg Brockman Defends Companys For-Profit Pivotand His Own $30 Billion Payday

OpenAI President Greg Brockman is depicted in a courtroom...

30 Charged in Alleged Global Insider Trading Ring Targeting Law Firm Secrets

The John Joseph Moakley United States Courthouse in Boston...