Trump could get his Fed rate cut after all, but not for the right reasons

Trump could get his Fed rate cut after all, but not for the right reasons - CNBC

As the trade war heats up, the potential for the Federal Reserve to cut interest rates is rising, according to traders.

President Donald Trump, for one should like that. The president, in a tweet, called for a Fed interest rate cut, on the first day of the Fed's last meeting on April 30. He criticized the central bank and said it was holding back the economy.

On Monday, as stocks sold off, fed funds futures were pricing in a 100% chance of a quarter-point rate cut by December, and even a 60% chance of a cut by September, according to NatWest Markets. The market had been pricing in an 80% chance the Fed would cut interest rates by 25 basis points in December on Friday. By the end of next year, the market expects at least two rate cuts.

That's counter to the Fed's forecast of no moves at all this year, and one interest rate hike next year. [Read More]

Published @ May 13, 2019

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