Connect with us

Popular World News

Traders boost bets on Fed rate cuts on Trump’s new tariffs By Reuters

Traders boost bets on Fed rate cuts on Trump's new tariffs By Reuters


Traders boost bets on Fed rate cuts on Trump’s new tariffs By Reuters


(Reuters) – U.S. short-term interest rate futures surged on Thursday as traders rushed to place new bets that the Federal Reserve will need to further cut interest rates after President Donald Trump said he will slap 10% tariffs on $300 billion on Chinese goods starting Sept. 1.

Traders are now pricing in two more interest rate cuts by year’s end, and are increasing bets the Fed will need to ease policy further next year to offset risks from the escalating trade war. On Wednesday, traders had mostly given up on the idea of more than a couple more Fed rate cuts, after the Fed cut rates as expected but Fed Chairman Jerome Powell said he did not see a lengthy rate-cutting cycle ahead.

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Your email address will not be published.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 *


To Top
error: Content is protected !!