2024-04-16 05:20:00 ET
Summary
- In the wake of last week’s hotter-than-expected consumer inflation data for March, the implied forecast via Fed funds futures indicates that interest rate cuts are unlikely in the months ahead.
- The policy-sensitive US 2-year Treasury yield has downgraded prospects for a near-term rate cut.
- Traders are closely watching the spread between the 2-year yield and effective Fed funds rate for insight into how the outlook for policy evolves.
In the wake of last week's hotter-than-expected consumer inflation data for March, the implied forecast via Fed funds futures indicates that interest rate cuts are unlikely in the months ahead....
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Rate Cuts Off The Table For Near-Term Outlook: Futures market