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Impax Says Fed’s September Rate Decision Is a 50-50 Call; Treasury Volatility May Rise on Inflation, Jobs Data
Summary
- Impax Asset Management said the Fed’s September benchmark interest-rate decision is “effectively a 50-50 call.”
- It said volatility in the U.S. Treasury market could increase around the release of upcoming U.S. inflation and employment data.
- Impax Asset Management said the size and frequency of the U.S. Treasury Department’s long-term bond buybacks could increase.
Forecast Trend Report by Period
Impax Asset Management said it is difficult to predict the Federal Reserve’s benchmark interest-rate decision in September. The firm also said volatility in the U.S. Treasury market could increase around upcoming inflation and employment data releases.
Walter Bloomberg reported on September 2 that Impax described the Fed’s September rate decision as “effectively a 50-50 call.”
Impax said Treasury-market volatility could pick up before and after the release of upcoming U.S. inflation and labor-market data. Those key economic indicators could influence the Fed’s monetary-policy decision.
The firm also said the U.S. Treasury Department’s policy on long-dated bond buybacks could change. The size of those buybacks could increase, and they could be conducted more frequently.
JH Kim
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