admin
News
- Today's news
- US
- Politics
- World
- Tech
- Reviews and deals
- Audio
- Computing
- Gaming
- Health
- Home
- Phones
- Science
- TVs
- Climate change
- Health
- Science
- 2024 election
- Originals
- The 360
- Newsletters
Life
- Health
- COVID-19
- Fall allergies
- Health news
- Mental health
- Relax
- Sexual health
- Studies
- The Unwind
- Parenting
- Family health
- So mini ways
- Style and beauty
- It Figures
- Unapologetically
- Horoscopes
- Shopping
- Buying guides
- Food
- Travel
- Autos
- Gift ideas
- Buying guides
Entertainment
- Celebrity
- TV
- Movies
- Music
- How to Watch
- Interviews
- Videos
Finance
- My Portfolio
- News
- Latest News
- Stock Market
- Originals
- The Morning Brief
- Premium News
- Economics
- Housing
- Earnings
- Tech
- Crypto
- Biden Economy
- Markets
- Stocks: Most Actives
- Stocks: Gainers
- Stocks: Losers
- Trending Tickers
- Futures
- World Indices
- US Treasury Bonds Rates
- Currencies
- Crypto
- Top ETFs
- Top Mutual Funds
- Options: Highest Open Interest
- Options: Highest Implied Volatility
- Sectors
- Basic Materials
- Communication Services
- Consumer Cyclical
- Consumer Defensive
- Energy
- Financial Services
- Healthcare
- Industrials
- Real Estate
- Technology
- Utilities
- Research
- Screeners
- Screeners Beta
- Watchlists
- Calendar
- Stock Comparison
- Advanced Chart
- Currency Converter
- Investment Ideas
- Research Reports
- Personal Finance
- Credit Cards
- Balance Transfer Cards
- Cash-back Cards
- Rewards Cards
- Travel Cards
- Credit Card Offers
- Banking
- CD Rates
- Best HYSA
- Best Free Checking
- Student Loans
- Personal Loans
- Insurance
- Car insurance
- Mortgages
- Mortgage Refinancing
- Mortgage Calculator
- Taxes
- Videos
- Invest
- Latest News
- Editor's Picks
- Investing Insights
- Trending Stocks
- All Shows
- Morning Brief
- Opening Bid
- Wealth
- ETF Report
Sports
- Fantasy
- News
- Fantasy football
- Best Ball
- Pro Pick 'Em
- College Pick 'Em
- Fantasy baseball
- Fantasy hockey
- Fantasy basketball
- Download the app
- Daily fantasy
- NFL
- News
- Scores and schedules
- Standings
- Stats
- Teams
- Players
- Drafts
- Injuries
- Odds
- Super Bowl
- GameChannel
- Videos
- MLB
- News
- Scores and schedules
- Standings
- Stats
- Teams
- Players
- Odds
- Videos
- World Baseball Classic
- NBA
- News
- Draft
- Scores and schedules
- Standings
- Stats
- Teams
- Players
- Injuries
- Videos
- Odds
- Playoffs
- NHL
- News
- Scores and schedules
- Standings
- Stats
- Teams
- Players
- Odds
- Playoffs
- Soccer
- News
- Scores and schedules
- Premier League
- MLS
- NWSL
- Liga MX
- CONCACAF League
- Champions League
- La Liga
- Serie A
- Bundesliga
- Ligue 1
- World Cup
- College football
- News
- Scores and schedules
- Standings
- Rankings
- Stats
- Teams
-
- MMA
- WNBA
- Sportsbook
- NCAAF
- Tennis
- Golf
- NASCAR
- NCAAB
- NCAAW
- Boxing
- USFL
- Cycling
- Motorsports
- Olympics
- Horse racing
- GameChannel
- Rivals
- Newsletters
- Podcasts
- Videos
- RSS
- Jobs
- Help
- World Cup
- More news
New on Yahoo
- Creators
- Games
- Tech
- Terms
- Privacy
- Your Privacy Choices
- Feedback
© 2024 All rights reserved. About our ads Advertising Careers Yahoo Finance Yahoo Finance Search query Select edition
- USEnglish
- US y LATAMEspañol
- AustraliaEnglish
- CanadaEnglish
- CanadaFrançais
- DeutschlandDeutsch
- FranceFrançais
- 香港繁中
- MalaysiaEnglish
- New ZealandEnglish
- SingaporeEnglish
- 台灣繁中
- UKEnglish
Sign in
- My Portfolio
- News
- Latest News
- Stock Market
- Originals
- The Morning Brief
- Premium News
- Economics
- Housing
- Earnings
- Tech
- Crypto
- Biden Economy
- Markets
- Stocks: Most Actives
- Stocks: Gainers
- Stocks: Losers
- Trending Tickers
- Futures
- World Indices
- US Treasury Bonds Rates
- Currencies
- Crypto
- Top ETFs
- Top Mutual Funds
- Options: Highest Open Interest
- Options: Highest Implied Volatility
- Sectors
- Basic Materials
- Communication Services
- Consumer Cyclical
- Consumer Defensive
- Energy
- Financial Services
- Healthcare
- Industrials
- Real Estate
- Technology
- Utilities
- Research
- Screeners
- Screeners Beta
- Watchlists
- Calendar
- Stock Comparison
- Advanced Chart
- Currency Converter
- Investment Ideas
- Research Reports
- Personal Finance
- Credit Cards
- Balance Transfer Cards
- Cash-back Cards
- Rewards Cards
- Travel Cards
- Credit Card Offers
- Banking
- CD Rates
- Best HYSA
- Best Free Checking
- Student Loans
- Personal Loans
- Insurance
- Car insurance
- Mortgages
- Mortgage Refinancing
- Mortgage Calculator
- Taxes
- Videos
- Invest
- Latest News
- Editor's Picks
- Investing Insights
- Trending Stocks
- All Shows
- Morning Brief
- Opening Bid
- Wealth
- ETF Report
Upgrade to Premium Traders See Just a 50% Chance That Fed Cuts Rates in December
1 / 2
Traders See Just a 50% Chance That Fed Cuts Rates in December
Liz Capo McCormick and James Hirai Fri, Nov 15, 2024, 8:55 AM 2 min read
(Bloomberg) — Traders see an interest-rate cut next month as a coin toss as resilient economic data empowers Federal Reserve officials to take a potentially more-cautious approach to easing.
Most Read from Bloomberg
-
Under Trump, Prepare for New US Transportation Priorities
-
Zimbabwe City of 700,000 at Risk of Running Dry by Year-End
-
Saudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency Sace
-
The Urban-Rural Divide Over Highway Expansion and Emissions
In the swaps market, traders on Friday priced in a roughly 50% chance that the Fed delivers a quarter-point reduction at its December gathering, down from about 80% earlier in the week. The 10-year Treasury yield surged to touch 4.5%, the highest since May 31, while the policy-sensitive two year’s rose to 4.37% in wake of retail sales data that included large upside revision to the prior month’s figure.
The market had begun paring back expectations for a December reduction on Thursday after Fed Chair Jerome Powell said economic resilience gave officials room to ease more carefully — a point his colleague Susan Collins echoed on Friday. She told the Wall Street Journal the Fed will eventually need to slow the pace of rate cuts, though a move next month was still on the table.
“There’s little support for Fed easing,” said Bob Sinche, a longtime markets veteran and strategist at Global Macro & Markets. “Chair Powell raised uncertainty about the need for a December rate cut and data out today do not point convincingly in favor of an immediate rate reduction.”
The Chicago Fed’s Austan Goolsbee, meanwhile, said as long as inflation continues down toward the central bank’s 2% goal, interest rates will be “a lot” lower over the next 12 to 18 months. New York Fed President John Williams was also slated to speak on Friday.
To Guy LeBas, chief fixed income strategist for Janney Montgomery Scott, a 25-basis-point reduction next month remains likely, though the path beyond is less certain. Traders on Friday also pared back their expectations for cuts throughout 2025.
“I think they will skip doing anything in January,” he said. “The Fed will probably slow the pace at that point, to maybe quarterly cuts thereafter.”
Yields of all maturities were higher on Friday, with the benchmark 10-year rate up about 18 basis points for the week. The rise in long-term rates outstripped increases on shorter-tenors, keeping the trend for the week of sparking a steepening of the yield-curve. Concern over over Donald Trump’s US sweeping election victory and amped up fiscal spending has weighed more heavily on long term bonds.
A Bloomberg gauge of the Treasury market’s returns fell this week, leaving the index up just 0.6% so far this year.
(Adds detail on US economic data, updates yields)
Most Read from Bloomberg Businessweek
-
Elon Musk Has a New Project to Run: Trump’s Government
-
North Dakota Wants Your Carbon, But Not Your Climate Science
-
Oh, the Irony. Trump’s Triumph and the Next Four Years
-
For Europe, the Next US President Is a Shock—and a Catalyst for Change
-
How a Winning Bet on Crypto Could Transform Brain and Longevity Science
©2024 Bloomberg L.P.
Terms and Privacy Policy Your Privacy Choices
