(CNBC) Inflation is stubbornly above target, the economy is growing at about a 3% pace and the labor market is holding strong. Put it all together and it sounds like a perfect recipe for the Federal Reserve to raise interest rates or at least to stay put. Instead, futures market traders are pricing in a near certainty that the FOMC will actually lower its benchmark overnight borrowing rate by a quarter percentage point, or 25 basis points.
The Fed has a big interest rate decision coming Wednesday. Here’s what to expect
This entry was posted in Syndicated. Bookmark the permalink.
