Should Fed Make An Emergency Cut Before September Meeting? 'No, Not Even Close,' Analyst Says

Quick Summary:

On Monday, during a CNBC interview, the possibility of an emergency rate cut was not dismissed by dovish voices like Chicago Fed President Austan Goolsbee, who suggested that all options are on the table, adding to the suspense among investors.

Tuesday marked a return to normalcy in interest rate markets after recent shockwaves that even led to speculation of an intermeeting or emergency rate cut ahead of the scheduled meeting on Sept.18.

According to Polymarkets, the implied probability of a Fed emergency rate cut in 2024 jumped to 58% on Monday and then dropped sharply to 14% by Tuesday.

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: Expert Ideas Federal Reserve Econ #s Top Stories Macro Economic Events Benzinga Interest Rates Stories That Matter Economics Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 20:32:39 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21960280

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