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Is The Prospect For Another Fed Rate Cut Fading?
The backup in Treasury yields may be a warning sign that the odds are slipping that the Federal Reserve will cut interest rates again at the next policy meeting on Nov. 7. The policy-sensitive 2-year yield closed at 4.15% on Monday (Oct. 28), the highest since Aug. 1. The pushback is that the recent rise in yields is still moderate following a sharp slide in September. One reason for cautious optimism for expecting more easing: the 2-year rate, which is widely seen as a proxy for policy expectations, continues to trade well below the current Fed funds effective rate range of 4.75%-5.0%. The lower 2-year rate is ... (full story)
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- Posted: Oct 29, 2024 11:35am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,846
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