Editor's PiCK
Waller, Fed Governor, Indicates Possibility of Interest Rate Cut as Early as July FOMC
Minseung Kang
Summary
- Christopher Waller, a Fed Governor, stated that there is a possibility of a rate cut as early as the July FOMC.
- Currently, Chicago Fed Watch projected a 14.5% probability of the Fed cutting rates next month.
- At the same time, the probability of holding rates steady is tallied at 85.5%.
Christopher Waller, a member of the Fed Board, mentioned the possibility of a rate cut in July.
According to Watcher Guru on the 20th (local time), Waller said, "It is possible the Federal Open Market Committee (FOMC) could cut rates as early as its July meeting."
Meanwhile, as of 9:50 p.m. that day, Chicago Fed Watch projected the probability of the Fed cutting rates next month to be 14.5%. On the other hand, Fed Watch reflected an 85.5% probability of keeping rates unchanged.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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