Traders are pricing in a 100% chance of at least one Fed rate cut in July [CNBC]
Principal Financial Group Inc (PFG)
Last principal financial group inc earnings: 4/27 04:15 pm
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Source: CNBC
Traders are pricing in a 100% chance of at least one Fed rate cut in July Traders are convinced the Federal Reserve will cut rates next month. The fed funds futures market is now pointing to a 100% chance of an easing of monetary policy next month — a 67% chance of one rate cut to 2% to 2.25% range, a 31% probability of two cuts and 2% of three cuts in July, according to the CME FedWatch The Fed decided to keep the benchmark rate in a target range of 2.25% to 2.5% Along with that forecast, comments from Fed's Powell and a tweak to the central bank's statement caused traders to increase bets a cut is coming. Fed chair Jerome Powell said at a press conference Wednesday the case for more accommodative policy has strengthened "The Fed has clearly opened the door to a rate cut," said Robin Anderson, senior economist at Principal Financial Group. "The Fed is going to do what it can to maintain the current economic expansion, and the shift in language used in today's statement makes it clear
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PFG
Earnings
- 10/24/24 - Miss
PFG
Sec Filings
- 10/31/24 - Form 13F-HR
- 10/30/24 - Form 10-Q
- 10/24/24 - Form 8-K
- PFG's page on the SEC website