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Markets see 80% chance of December Fed cut after inflation data

Business Mirror LogoBusiness Mirror17h ago

Markets see 80% chance of December Fed cut after inflation data - Business Mirror

Quick Summary:

Traders added to wagers that the Federal Reserve will cut interest rates by another quarter point next month after in-line inflation data, spurring gains for Treasury debt.

Fed policymakers have been delivering the message that—after their initial half-point rate cut in September and a quarter-point reduction on November 7—future moves are contingent on inflation continuing to show improvement.

The 10-year TIPS yield is about 2.1%, up from as low as 1.5% in mid-September, a period in which the nominal 10-year yield climbed about 80 basis points as inflation expectations increased.


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Article Details

Author / Journalist: BusinessMirror and Liz Capo McCormick | Bloomberg

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 12:22:18 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 985 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23585601

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About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 64 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 13 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

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The story "Markets see 80% chance of December Fed cut after inflation data" was covered 17 hours ago by Business Mirror, a news publisher based in Philippines.

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  • URL: https://beamstart.com/news/markets-see-80-chance-of-17315906715697

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