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Traders pare bets on March start to Fed rate cuts

"I don't think it's likely that the committee will reach a level of confidence by the time of the March meeting" to reduce rates then, Powell said in a press conference following the U.S. central bank's decision to hold the policy rate in the current 5.25%-5.5% range, where it has been since July. Futures contracts tied to the Fed policy rate are pricing in only about a 35% chance of rate cuts starting in March. Before the Fed decision at 2 p.m. (1900 GMT) the probabil...
Chris Reese Nick Zieminski Noel Randewich Ann Saphir Federal Reserve Bart Hogan
Source: yahoo.com

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Stocks, yields slide as Fed signals no rate cut soon

NEW YORK (Reuters) -Treasury yields and a gauge of global equities fell sharply after the Federal Reserve left interest rates unchanged as expected on Wednesday but indicated it would not reduce them until inflation was "moving sustainably" towards its 2% target. The Fed took a major step towards lowering rates in coming months in a policy statement that tempered inflation concerns with other risks to the U.S. economy and dropped a longstanding reference to possible further hikes in b...
United States City Of United Kingdom New York Jerome Powell Alexander Smith
Source: yahoo.com

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