All eyes on the Fed: The Federal Reserve building is pictured in Washington, DC, US. With financial markets discounting at least two quarter-point Fed interest-rate cuts by year-end - one more than the case just days ago - the Fed’s conference on policy strategy, tools and communication in Chicago will be closely watched.— Reuters
NEW YORK: Investors’ growing conviction that the Federal Reserve will lower interest rates in coming months is putting policy makers under scrutiny when they attend what’s billed as a listening event on Tuesday.
With financial markets discounting at least two quarter-point Fed interest-rate cuts by year-end - one more than the case just days ago - the Fed’s conference on policy strategy, tools and communication in Chicago will be closely watched. If Fed chairman Jerome Powell, who was scheduled to give opening remarks yesterday, wanted to counter the quickly emerging consensus about easing, he has a platform to do so.
Limited time offer:
Just RM5 per month.
