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Here’s What to Expect From the Fed’s Policy Review Today
Ten-year Treasury yields have slumped almost 75 basis points in just a matter of weeks as investors fret about the prospect of a recession, providing a glum backdrop to the two-day Federal Reserve meeting that concludes today. Here’s what traders are watching for: Size of hike: While the markets were starting to price in a 100-basis point increase soon after those towering June inflation prints, that positioning has mellowed in the face of comments from Governor Christopher Waller and St. Louis Fed President James Bullard expressing a preference for 75 basis points. While the Fed has gone into the traditional quiet ... (full story)
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