FILE- In this Feb. 27, 2019, file photo Federal Reserve Board Chair Jerome Powell gestures while speaking before the House Committee on Financial Services hearing on Capitol Hill in Washington. On Wednesday, May 1, the Federal Reserve releases its latest monetary policy statement after a two-day meeting.
The Fed also made a technical adjustment Wednesday to reduce the interest it pays banks on reserves as a way to keep its benchmark rate inside its approved range, rather than at the upper end of that range. Yet starting in January, the Fed engineered an abrupt reversal, suggesting that it was finished raising rates for now and might even act this year to support rather than restrain the economy. Its watchword became “patient.” And investors have responded by delivering a major stock market rally.
Possibly. But investors don’t seem to think so. According to data tracked by the CME Group, investors foresee zero probability that the Fed will raise rates anytime this year. And in fact, their bets indicate a roughly 64% likelihood that the Fed will cut rates before year’s end.
Trump must be intimidating them.
stay mad AP reporter
So much consideration from their part. Keeping in mind that they can print all the money they want and lend it at the rate interest they set...
If inflation is so unusually low why are prices going up everywhere, this must be the Trump inflation where you pay more but he don’t call it inflation. The huckster’s anti-inflation.
Great!