US Politics

Odds of July Rate Cut Climb as Fed Officials Strike Dovish Tone

‘I would support lowering the policy rate as soon as our next meeting,’ says Michelle Bowman, a key Federal Reserve policymaker.
Odds of July Rate Cut Climb as Fed Officials Strike Dovish Tone
The Federal Reserve Bank in Washington on Jan. 14, 2025. Madalina Vasiliu/The Epoch Times
Andrew Moran
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Odds of a July interest rate cut ticked up on June 23, as key Federal Reserve officials signaled support for a reduction next month.

New CME FedWatch Tool data from June 23 suggest that the futures market projects a 21 percent chance of a quarter-point rate cut in July, up from 14 percent a week ago.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."