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Federal Reserve's Rate Cut Prospects Unchanged in September, Busy Market Expected Next Week
Summary: According to sources, following the release of PCE data, the Federal Reserve is still expected to cut rates at the meeting on September 16-17. Michael Lorizio, the head of US rate trading at Manulife Investment Management, stated that the inflation component will not affect the likelihood of a rate cut in September. Long bond yields ...
According to sources, following the release of PCE data, the Federal Reserve is still expected to cut rates at the meeting on September 16-17. Michael Lorizio, the head of US rate trading at Manulife Investment Management, stated that the inflation component will not affect the likelihood of a rate cut in September. Long bond yields rose on Friday as traders squared positions ahead of the long weekend, with expectations of a warmer corporate bond market next week. The employment data for August will also be released next Friday, which could be crucial in determining the Fed's recent policy.
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Link: Federal Reserve's Rate Cut Prospects Unchanged in September, Busy Market Expected Next Week [Copy]
