-
It’s ‘hallucinatory’ to expect a half-point Fed rate cut now — but economists still expect a quarter-point reduction
The solid June jobs report removes any chance that the Federal Reserve will cut interest rates by a half-point at the next meeting at the end of the month, economists said Friday. “I think we’ll get 25 basis points. Anything more is hallucinatory,” said Brian Bethune, chief economist for Alpha Economic Foresights. The economy added 224,000 jobs as hiring rebounded in June. That was well above the 170,000 forecast of economists and the disappointing 72,000 gain in May that set Wall Street on edge. Is the number strong enough to keep the Fed on hold? No, economists say. “I don’t think it is large enough to ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jul 5, 2019 11:26am Jul 5, 2019 11:26am
- Hurst
- | Commercial Member | Joined Aug 2014 | 1123 Comments
- Comment #2
- Quote
- Jul 5, 2019 11:34am Jul 5, 2019 11:34am
- Brentrading
- | Joined Dec 2007 | Status: Member | 108 Comments
- Comment #3
- Quote
- Jul 5, 2019 11:43am Jul 5, 2019 11:43am
- NotAtrader
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 3545 Comments
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
- Comment #4
- Quote
- Jul 5, 2019 6:58pm Jul 5, 2019 6:58pm
- 4x_Trader
- Joined Dec 2006 | Status: Is the market a FRIENDLY place to U | 20 Comments
- Comment #5
- Quote
- Jul 6, 2019 7:54am Jul 6, 2019 7:54am
- AnniLi
- | Commercial Member | Joined Jan 2015 | 2212 Comments
- Comment #6
- Quote
- Jul 6, 2019 7:59am Jul 6, 2019 7:59am
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments