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Wall Street Is Alarmed About Weaker Consumer-credit Trends: WSJ
SA Asks: Will a Fed Rate Cut Impact Market Seasonality?
jpmorgan stands its ground as traders reignite expectations of a 50 basis point rate cut by the Federal Reserve
US Treasury traders have once again increased their bets on a 50 basis point rate cut by the Federal Reserve next week, a scenario that was almost completely ruled out just a few days ago. On Friday, the probability of a 50 basis point rate cut climbed to 40%, up from only 4% earlier this week. This repricing has intensified the rally in US Treasury bonds, leading to the largest gain in small-cap stocks in three weeks and putting pressure on the US dollar. Earlier this week, the possibility of a 50 basis point rate cut was almost completely ruled out, but traders' views have rapidly changed due to a report on Thursday that indicated Fed policy makers are considering a conventional 25 basis point rate cut.
Citigroup Options Spot-On: On September 13th, 107.59K Contracts Were Traded, With 2.41 Million Open Interest
BGC Group to Launch Investment Bank-Backed FMX Futures Exchange
The tightening policies in the banking industry are showing results. Overdue credit for US consumers is stabilizing.
Bankers and industry analysts have indicated this week that after an earlier rise in delinquent payments for US consumer credit cards and other loans, they have recently started to stabilize.