Jackson Hole, Fed and Wall Street
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New economic data releases could increase mortgage rate volatility in the coming weeks, leading up to the Fed's September meeting.
Futures markets are also expecting a rate cut. Investors peg the chances of a quarter-point interest rate cut at nearly 96%, according to the CME FedWatch Tool, a measure of market sentiment.
Evidence of continued political pressure on the Fed could also push yields higher and disrupt efforts to effect more accommodative policy.
The dollar gained on Monday as U.S. President Donald Trump prepared to host talks on ending Russia's war in Ukraine, and traders pared bets on a September rate cut before a speech on Friday by Federal Reserve Chair Jerome Powell.
One of this week's big events is Federal Reserve Chair Jerome Powell's speech at the central bank's annual symposium in Jackson Hole, Wyo., on Friday, and he may turn out to be less inclined to cut interest rates than many think.
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With the Fed expected to change course soon, now’s the time to put your cash in a top-paying account and capture strong returns before they start to slip.
A possible shift in the composition of the Federal Reserve’s portfolio of Treasury holdings could result in the central bank buying nearly $2 trillion of bills over the next two years, enough to absorb nearly all of the Treasury’s issuance during that period,
Wall Street has priced in a 94.2% probability of the Federal Reserve cutting interest rates in September. JPMorgan Asset Management's fixed income portfolio manager, Kelsey Berro, joins Yahoo Finance Senior Reporter Allie Canal on Market Domination to explain the three reasons the Fed still hasn't cut rates this year despite macro conditions being comparable to last year's.
Inflation held steady in July and ran slightly cooler than expected, increasing the odds of a Federal Reserve rate cut next month.
Canada's main stock index inched lower on Monday as investors avoided big bets ahead of domestic inflation data due on Tuesday and a key U.S. central bank conference starting on Friday.