Previous Close | 0.4300 |
Open | 0.2500 |
Bid | 0.0500 |
Ask | 0.9000 |
Strike | 60.00 |
Expire Date | 2024-10-18 |
Day's Range | 0.2500 - 0.4300 |
Contract Range | N/A |
Volume | |
Open Interest | 89 |
Thomas Barkin, President of the Federal Reserve Bank of Richmond stressed the need for further clarity on the inflation path before considering lowering interest rates.
Investing.com - Markets are tense Wednesday due to two key events: the U.S. Consumer Price Index (CPI) for May and the interest rate decision by the U.S. Federal Reserve (Fed).
Raphael Bostic, the Atlanta Federal Reserve President, said Thursday that U.S. central bankers are unlikely to cut interest rates in July, citing slowed progress on inflation. “I'm keeping my eyes on the short-run trajectory, and if we can continue to see that trajectory move forward, I think we will be in a good place,” Bostic told Fox Business when asked if the Fed might ease rates in July. The Atlanta Fed President stressed the need for economic data showing the economy is "sufficiently strong" and inflation has moved closer to the Fed's 2% target before supporting any rate reductions.