Thinker101
Diamond Member
- Mar 25, 2017
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Not to worry, the Biden Administration has a fix....raise interest rates.
Wall Street is bracing for the Federal Reserve to raise interest rates from near-zero in June after President Biden on Monday picked Jerome Powell to lead the central bank for another four years. Following the announcement, a majority of traders are pricing in at least a 25-basis point hike in June, according to the CME’s FedWatch tool, and about a 62% chance of three modest rate increases over the course of 2022. Another 32% are projecting a fourth-rate hike in December.
Traders gear up for June interest rate hike after Biden renominates Powell
Wall Street is bracing for the Federal Reserve to raise interest rates from near-zero in June after President Biden on Monday picked Jerome Powell to lead the central bank for another four years. Following the announcement, a majority of traders are pricing in at least a 25-basis point hike in June, according to the CME’s FedWatch tool, and about a 62% chance of three modest rate increases over the course of 2022. Another 32% are projecting a fourth-rate hike in December.
Traders gear up for June interest rate hike after Biden renominates Powell