INSUBCONTINENT EXCLUSIVE:
Washington: The Federal Reserve probably will be more inclined to cut interest rates now that President Donald Trump has followed through on
his threat to increase tariffs on US imports from China
economist at JPMorgan Chase Co in New York, said in a May 7 note to clients.
Fed funds futures on Friday showed traders are fully pricing
in a cut within the first few months of next year
Meanwhile, a key part of the Treasury yield curve that many see as a recession sign, briefly went negative on Thursday
Federal Reserve Bank of Atlanta president Raphael Bostic told reporters on Friday that the central bank could reduce rates if the higher
that they pull back in a number of different ways, then that may mean we have a different calculus that we have to do to decide what
Feroli reckoned that the direct hit to growth would be about 0.2 percentage point
What will be critical for the economy and the Fed is how the financial markets react to the heightened trade tensions and how that response
Overall financial conditions though remain supportive of growth, albeit less so than they were a week ago.
Krishna Guha, head of central
weakness associated with trade escalation, with the committee starting from a position in which it has just reaffirmed that it is not close