News

Fed, interest rates

Fed’s Hammack comments suggest that no Fed rate cut will happen in July as inflation remains high. Odds drop below 5%.
The probability that the rate will be cut by 25 basis points at the July 29-30 meeting stands at 6.7%, with the odds of no rate change at 93.3%, according to the CME FedWatch tool.
Trump renewed his call for a rate cut on Thursday, posting on Truth Social that the Fed should “rapidly lower the rate” to reflect the country’s strength. In the same post, he praised Nvidia ...