Fed’s Kashkari Bursts Rate Cut Bubble
While some market participants have begun to talk of rate cuts, Minneapolis Fed President Neel Kashkari says that this expectation is not grounded in reality.
Powell: Progress Will Be Bumpy
The Federal Reserve left rates unchanged for November, citing positive progress toward price stability.
Citi: Data Suggests ‘No’ Landing
Citi US Economist Veronica Clark believes that the tightening cycle is nearing its end and that chances of a soft landing are low. Speaking on Bloomberg Television from the Citi Australia and New Zealand Conference, Clark discusses resilient labor market data, the Fed’s recent dovish tilt and more.
Fed Vice Chair Notes Surge in Real Yields
Federal Reserve Vice Chair Philip Jefferson is clocking the movement in real yields, and says that tightening financial conditions will influence policy decisions in the future.
PIMCO’s Clarida Surmises Fed Pause
PIMCO Global Economic Advisor and former Fed vice chair Richard Clarida predicts that the Fed could “well be done” with rate hikes in 2023.
Chicago Fed Eyes Possibility of Goldilocks Ending
Chicago Federal Reserve Bank President Austan Goolsbee suggests that the so-called “golden path”--one in which the U.S. inflation rate cools without a recession–is not guaranteed, but within reach.
Another Boost for 10-Year Yields
Over the last four months, U.S. 10-year yields have risen from 3.35% to 4.30%. Jim Iuorio says, the driver of the rise seems to be a persistent fall in inflation coupled with surprising resilience in other non-inflation data. Analyze the probabilities of changes to the Fed rate and U.S. monetary policy, as implied by 30-day Fed Funds Futures pricing data.
Fed’s Kashkari: U.S. Strength a ‘Surprise’
The U.S. economy has remained resilient despite the most aggressive rate hike cycle in forty years, a reaction that Federal Reserve Bank of Minneapolis chief Neel Kashkari described as surprising at a Town Hall in Minnesota earlier today.
Fed No Longer Forecasts Recession–Powell Leaves Door Open for September
The Federal Reserve no longer foresees a recession according to Chairman Jerome Powell, but future rate hikes will be determined on a "meeting-by-meeting" basis. The announcement came after a much-anticipated rate hike that took benchmark borrowing costs to a twenty-two-year high.
A Bumpy Inflation Ride Ahead
U.S. inflation is now just one percentage point above the Federal Reserve's 2% target. Should the Fed push rates higher just because housing continues to be a key contributor to inflation? CME Group Chief Economist Blu Putnam explains. CME Group experts regularly share insights and analysis on market events that matter to you. Stay Up-to-Date with Evolving Markets
Why Fed's Rate Path Is Far From Over
The Fed's June skip does not mean that the current hiking cycle is complete. A look at the Fed's dot plot suggests a continued rise in 2023, up to 5.6% before the Fed is finished. Insights by Jim Iuorio with TJM Institutional Services. Analyze the probabilities of changes to the Fed rate and U.S. monetary policy, as implied by 30-day Fed Funds Futures pricing data.
Muted FX Volatility
Uncertainty over the Fed's next move, wariness over a recession sprinkled with geopolitical instability and G5 currencies are trading at the lowest levels in over 18 months. What's behind the drop in FX volatility? Craig Bewick with CME Group and Scott Bauer with Prosper Trading Academy discuss. Monitor risk expectations in real time across asset classes with live-streaming CVOL