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The ECB, which meets the same day, may cut rates again soon.Will the good news last?
"There's a possibility they may cut rates by as much as 50 basis points, because the stock market has been languishing".
Some people bought government debt anticipating that the Federal Reserve will accompany an interest rate reduction today with a statement indicating it may cut rates again in January.
It said it may cut rates further if that did not pose a threat to inflation or to Hungary's access to financing from abroad.
Treasuries Advance By Bloomberg News Treasury bond prices rose yesterday after a manufacturing report suggested six interest-rate increases by the Federal Reserve had slowed economic growth, fueling speculation the Fed may cut rates next year.
In the US, growing expectations that the Federal Reserve may cut rates in response to a weakening housing market have evaporated as signs have emerged that the world's largest economy may have come through its slowdown.
Similar(49)
"If the UK votes to leave the EU, then the potential for a near-term dip in activity means that the BoE may choose to cut rates to support business confidence".
The Fed is scheduled to meet on Oct. 27, a short time before the E.C.B.'s next meeting in early November, and many analysts say they think they both may move to cut rates.
Treasury Prices Rise (By Bloomberg News) -- Bond prices advanced for a third day after the government said producer prices rose at a slower pace last month, increasing expectations that the Federal Reserve may cut interest rates in January.
That means that Federal Reserve policy makers may cut interest rates more than expected when they meet on Aug. 21.
Or it may cut interest rates and expand its quantitative easing programme to pump money into the economy.
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CEO of Professional Science Editing for Scientists @ prosciediting.com