Don't Count on the Fed Cutting Rates When the Economy is this Good
Wednesday, June 12, 2019 in Press
"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.
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The Federal Reserve called the banking system strong but imposed new restrictions to keep it that way at least through the third quarter 2020, according to CNN Business.