Fed Interest Rate Cut On The Horizon: What It Means For Banks
Zacks Investment Research | Jun 21, 2019 08:15AM ET
The Federal Reserve seems to be poised for the first interest rate cut since 2008, when the financial markets and the U.S. economy collapsed. This is a stark change in position for the central bank, which raised rates four times last year and maintained a “patient” stance earlier this year.
The Fed chair, Jerome Powell, in the news conference at the end of two day FOMC meeting earlier this week, said that a clear picture on whether the economy requires easing monetarypolicy is expected “in the very near term.’’
Markets seem to have already factored in that the Fed will cut rates at its July meeting. Per the CME Group (NASDAQ:CME) FedWatch Zacks Investment Research
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