Odds Increase for a Fed Rate Cut Next Week
June 17, 2019 by Bernice Napach
Odds are increasing that the Federal Reserve will cut interest rates for the first time in almost ten years when its policymakers meet next week.
A cut “is possible next week,” says Vanguard senior economist Andrew Patterson. It would be a “bit of shock and awe” and could help ease concerns of an inverted yield curve, which is a good recession indicator 12 to 18 months in the future, explained Patterson.
If the Fed doesn’t cut next week, it’s likely to cut in July, according to Vanguard economists and a growing number of economists at other financial firms.
Click HERE to read the full story via ThinkAdvisor.