Futures markets are betting the Fed won t cut rates at its policy meeting next week, but if fears of a trade war-induced recession come true, the Fed could initiate a series of rapid rate cuts in June. Last weekend, US President Donald Trump made a speech on the economy.
Traders are betting that the Federal Reserve will cut interest rates quickly in the event of an economic downturn. More and more people in the futures market are expecting consecutive rate cuts in June, July and October. Federal Reserve officials face the dilemma of rising inflation and a weakening economy. Click to view...