Contrarian bet emerges for Fed’s next move

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NEW YORK: It’s at best, a long shot, but one that’s emerged among a group of die-hard bond traders – that the Federal Reserve’s (Fed) next move on interest rates will be up, not down.

Phil Suttle, a former New York Fed economist who now runs his namesake advisory shop, sees the Fed hiking rates in September.“I have them not cutting at all.

In 1998, officials cut rates three times in rapid-fire succession to short-circuit a financial crisis brought on by the Russian debt default and the near-collapse of hedge fund Long Term Capital Management.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaUnited States

Topics: Inflation Fed Wall Street Markets Policy /Business/Business News Interest rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 07:00:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 763 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25300334

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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Publisher ID: #22

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