Fed Holds Rates Steady, Citing Lack of Inflation
Thursday, May 2, 2019 in Media
Federal Reserve officials voted to hold interest rates steady on Wednesday, as a lack of inflation pressure outweighed an economy that is otherwise growing strongly.
The central bank held its benchmark rate in a target between 2.25% and 2.5%, meeting market expectations....
Read more at CNBC.com
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"Fade the futures.” That’s market jargon for going against the financial futures market, in this case the contracts on what the federal-funds rate will be in months hence. The market is betting on multiple reductions in the Federal Reserve’s main interest-rate target later this year. The trouble is, the futures market was just as certain late last year that multiple rate increases were ahead.Read more