Posted inEconomy

Wall Street Pares Interest Rate Cut Expectations Ahead of Powell’s Jackson Hole Speech

By Andrew Moran Investors pared their interest rate cut expectations ahead of Federal Reserve Chair Jerome Powell’s speech at the annual Jackson Hole retreat. New CME FedWatch Tool data show the futures markets now assign a 74 percent probability to a quarter-point reduction in the federal funds rate—a key benchmark for borrowing costs that stands […]