Tag: Interbank Rate
-
Dow is soaring because traders still see Fed on hold after blowout payrolls rise
[ad_1] A blowout surge in May nonfarm payrolls isn’t denting expectations among fed-funds futures traders for policy makers to leave rates on hold this month — and that’s helping stocks rally sharply on Friday. Fed-funds futures traders priced in a 27.6% probability the Federal Reserve will lift its key rate by 25 basis points at…
-
Opinion: How can the Fed achieve its inflation target? Raise the target.
[ad_1] Jerome Powell, chairman of the Federal Reserve, has tried pretty much everything he can do to combat inflation. The U.S. central bank has hiked its benchmark fed funds rate 10 times over the past 14 months, moving it by a total of 5 percentage points — from near zero. The current fed funds target…
-
Why stock-market bulls can’t celebrate as Fed hints at pause in rate hikes
[ad_1] Stock-market traders were in no mood for subtlety Wednesday. The Federal Reserve and its leader, Chair Jerome Powell, left the door open to a halt in rate increases after delivering, as expected, a 10th straight hike that lifted the fed-funds rate to a range of 5% to 5.25%, its highest since 2007. To be…
-
Interest rates on bank deposits trail Fed’s benchmark by most in recent history: N.Y. Fed paper
[ad_1] The interest rates banks pay on $18 trillion in deposits lags behind the fed-funds rate by the largest gap on record, according to a New York Fed paper, but that may be about to change. Bank deposits are in focus for investors rattled by runs on institutions last month following the collapse of three…