Traders on the floor of the NYSE. REUTERSto stop tightening U.S. monetary policy after what is still widely expected to be an interest-rate hike at its meeting in two weeks time, traders bet on Wednesday.
Implied yields on futures tied to the U.S. central bank's policy rate fell after a government report showed consumer prices last month rose 3.0% from a year earlier, after climbing 4.0% in May.whose persistence has been particularly worrying to Fed policymakers, eased more than expected to 4.8%. The contract pricing still shows traders overwhelmingly expect the policy rate to rise a quarter point, to a 5.25%-5.5% range, at the Fed's July 25-26 meeting, but now see about a 25% chance of another rate hike before year's end, down from about 35% before the report.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock market news today: Investors await economic data and earningsUS stocks trade mixed as investors prepare for busy week of economic data, earnings
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market outlook: Inflation drop to power S&P 500 rally this weekInflation is about to show a big drop and investors should load up on stocks ahead of this week's CPI report, Fundstrat says
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market news today: Fed signals more interest rate hikes aheadUS stocks rise as traders look past Fed warnings and brace for earnings to kick off
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock market news today: Investors await fresh inflation dataUS stocks rise as markets assess rates outlook and brace for new inflation data
Source: BusinessInsider - 🏆 729. / 51 Read more »