From Investing.com: 2024-04-15 07:38:00

The fed funds futures indicate that interest-rate cuts are unlikely for the next two FOMC meetings in May and June, with a coin toss for September. Just a week ago, there was a moderate probability of a cut by September. The 10-year Treasury yield also suggests no near-term rate cut, closing at 4.88% on Friday. Traders are monitoring the spread between the 2-year yield and Fed funds rate for policy insight. Questions remain about the hawkish reaction to last week’s consumer inflation data and the impact of the Iranian missile attack on Israel sparking a wider conflict. Israel is expected to respond to the attack in some way.



Read more at Investing.com: Futures Market Indicates Rate Cuts Off the Table in the Near Term