Market predicts possible Fed rate cut in July after April inflation report.
TL;DR Summary
Traders are predicting a nearly 50% chance of a Federal Reserve interest rate cut in July due to fresh concerns in the regional banking sector, particularly with PacWest Bancorp, whose stock price fell over 20% after reporting a 9.5% deposit decline. This has led to a drop in shares of other regional banks and prompted traders to price in a potential rate cut.
- Fed funds futures now point to a 50% chance of Fed rate cut as soon as July, with regional banks back in focus MarketWatch
- Traders raise the chances for a Fed rate cut following April inflation report CNBC
- Fed will not pivot to rate cuts so quickly: Charles Schwab's Sonders CNBC Television
- Odds of a July rate cut by the Fed rise as April inflation cools Markets Insider
- Has the Market Got the Fed's Rate-Path Wrong? Bloomberg Television
- View Full Coverage on Google News
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