Dovish Fed minutes opens the door for a 50-basis point rate cut - Standard Chartered

seekingalpha08-22

Standard Chartered spotlighted that the latest Fed minutes report suggests that Fed Chair Powell will take a more dovish approach at the Jackson Hole economic symposium, as the institution said there ...

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There was a very strong emphasis on activity downside, softening labour markets, broadening disinflation signals and the risks of waiting too long to ease policy rates,” Standard Chartered’s global research team indicated. Currently, according to the CME FedWatch tool, the target rate probability for a September 18 rate cut of 50-basis points sits at 26.5% compared to the higher baked in probability that Wall Street will see a 73.5% chance of a 25-basis point rate cut. For market participants closely monitoring the moves in rates, they may also want to look at Treasuries and bonds, as these instruments are directly effected by the underlying stance of intrest rates. See some popular listed fixed income funds below: Treasury ETFs: (TLT), (TLH), (IEF), (IEI), (SHY), (SGOV), (SCHO), and (BIL). Bond ETFs: (AGG), (BND), (VCIT), (MUB), (MBB), (JNK), (LQD), (HYG), and (TIP). Furthermore, as of Thursday, the shorter end U.S. 2-Year Treasury yield (US2Y) is higher by 6 basis points to 3.99% while the longer end U.S. 10-Year Treasury yield (US10Y) is higher by 5 basis points to 3.85%. See how other yields trade across the entire yield curve here.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"Policy And Regulatory,Economic Data","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2461416223"}