US Fed Chairman Jerome Powell is not expected to announce a rate cut as the latest FOMC meeting comes to a close later Wednesday afternoon.
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However, the Fed fund futures forward curve is showing a cut to occur either at the end of the September or November meeting, with another possibly in December.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily. On the other hand, the US dollar index could be signaling a belief that US interest rates will see hikes to fight inflation rather than cuts as 2025 progresses.
The Federal Open Market Committee, loving known as the FOMC or the Fed, will cut interest rates. No, not today. Don’t be silly. But sometime. Maybe. Unless someone is foolish enough to get the US into trade wars and impose tariffs on nearly every country on earth, including Australia’s Heard Island and McDonald Islands. (Yes, the latter two are described as “barren sub-Antarctic volcanic islands, home to penguins. That’s right. Penguins. Obviously an economic rival.) For now, though, the Fed fund forward curve is indicating no change in interest rates at the conclusion of the latest meeting this afternoon and possibly the September meeting. Despite the bluster and threats from the US president. Enough about him, though. Let’s focus on some key markets early Wednesday morning.
