Connect with us

Popular World News

U.S. rates futures hold steady before Fed’s rate decision By Reuters

Oilfield firm Weatherford International files bankruptcy plan

ECONOMIC NEWS

U.S. rates futures hold steady before Fed’s rate decision By Reuters


U.S. rates futures hold steady before Fed’s rate decision

NEW YORK (Reuters) – U.S. interest rates futures held steady on Wednesday as traders stuck with bets the Federal Reserve would lower key lending rates for the first time in a decade to counter downside risks from trade conflicts and softening global demand.

At 9:18 a.m. (1318 GMT), federal funds futures implied traders are fully positioned for at least a quarter-point decrease in the central bank’s target range on interest rates, which is currently at 2.25%-2.50%, CME Group’s FedWatch tool showed.

The Federal Open Market Committee, the central bank’s rate-setting group, is expected to release its rate decision at 2 p.m. (1800 GMT).

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in ECONOMIC NEWS

To Top
error: Content is protected !!
Top