Bond traders appear certain that the Federal Reserve is on the brink of its first rate cut since 2008. The biggest question is: what comes next?
Federal Reserve Chairman Jerome Powell last week opened the door to a July cut, stressing a cooling global economy and trade friction as drivers. That leaves investors monitoring US retail sales figures this week and the latest economic data out of Europe and Asia to fine-tune wagers on the extent of cuts for the rest of 2019.
Futures imply a quarter-point July Fed cut and a total of almost 70 basis points of easing ...
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