Fed officials signal 25 bps cut likely this month - WSJ

Author: Adam Button | Category: Central Banks

This is being treated like a signal

I'm in the camp that the days of the Fed leaking signals to the WSJ are long over but the newspaper is out with a Fed recap titled 'Fed officials signal quarter-point rate cut likely at July meeting' and the market is treating it as a leak.

Stocks don't like it and the US dollar is higher as a 50 bps move is priced out.

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