Powell dará un discurso este viernes por la noche, y algunos traders han reducido sus expectativas de recortes de tasas.
Golden Finance report, the Federal Reserve Chairman Jerome Powell will deliver a key speech at this annual gathering in Wyoming this Friday evening, Beijing time. Meanwhile, the latest inflation data, which exceeded expectations, has prompted some traders to lower their rate cut expectations, while still maintaining the judgment of a rate cut next month. Ian Lyngen, head of U.S. rate strategy at BMO Capital Markets, stated in a research report that as the market prepares for Powell's speech at Jackson Hole, the biggest risk facing U.S. Treasuries is that the Federal Reserve Chairman may douse the market's widely held expectation of a rate cut in September. Currently, about 325,000 option positions (costing about $10 million) stand to profit as much as $100 million if they correctly bet on a 50 basis point rate cut at the Fed's September policy meeting. Furthermore, current market pricing indicates that the probability of a 25 basis point rate cut at the meeting on September 16-17 is about 80%.
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Powell dará un discurso este viernes por la noche, y algunos traders han reducido sus expectativas de recortes de tasas.
Golden Finance report, the Federal Reserve Chairman Jerome Powell will deliver a key speech at this annual gathering in Wyoming this Friday evening, Beijing time. Meanwhile, the latest inflation data, which exceeded expectations, has prompted some traders to lower their rate cut expectations, while still maintaining the judgment of a rate cut next month. Ian Lyngen, head of U.S. rate strategy at BMO Capital Markets, stated in a research report that as the market prepares for Powell's speech at Jackson Hole, the biggest risk facing U.S. Treasuries is that the Federal Reserve Chairman may douse the market's widely held expectation of a rate cut in September. Currently, about 325,000 option positions (costing about $10 million) stand to profit as much as $100 million if they correctly bet on a 50 basis point rate cut at the Fed's September policy meeting. Furthermore, current market pricing indicates that the probability of a 25 basis point rate cut at the meeting on September 16-17 is about 80%.