Growing number of brokerages see July Fed decision as ’a close call’
Investing.com - The outcome of the Federal Reserve’s upcoming monetary policy meeting this week is "unusually uncertainty," but most voters appear unlikely to push for a interest rate hike at the end of the gathering on Wednesday, according to analysts at Goldman Sachs. In a note, the analysts including David Mericle flagged that softer June inflation data should have lessened support for an immediate increase, while the central bank has historically avoided "delivering surprise rate" upticks.
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Investing.com - The outcome of the Federal Reserve’s upcoming monetary policy meeting this week is "unusually uncertainty," but most voters appear unlikely to push for a interest rate hike at the end of the gathering on Wednesday, according to analysts at Goldman Sachs. In a note, the analysts including David Mericle flagged that softer June inflation data should have lessened support for an immediate increase, while the central bank has historically avoided "delivering surprise rate" upticks. Bets are now anticipating a roughly one-in-three chance that the Fed will unveil a hike this week, although there is a roughly 64% probability of that borrowing costs will be left unchanged at a range of 3.5% to 3.75%, CME FedWatch shows. The wagers come as investors are assessing ongoing tensions in the Middle East, which have sparked recent volatility in oil prices.
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- What's the story?
- Investing.com - The outcome of the Federal Reserve’s upcoming monetary policy meeting this week is "unusually uncertainty," but most voters appear unlikely to push for a interest rate hike at the end of the gathering on Wednesday, according to analysts at Goldman Sachs. In a note, the analysts including David Mericle flagged that softer June inflation data should have lessened support for an immediate increase, while the central bank has historically avoided "delivering surprise rate" upticks.
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- 2 outlets, average source rating 6.0/10.
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- 6m ago.
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Fed decision this week "unusually uncertain," Goldman says
Sources1TypeCoverageInvesting.com · Economy