Analysis: If Rick Rieder Were Appointed New Fed Chair, Three Rate Cuts Could Happen This Year
BlockBeats News, January 28th. As a Wall Street veteran, Rick Rieder is believed to bring a market-centric approach to the Federal Reserve. Last September, he advocated for a more aggressive 50-basis-point rate cut instead of the Fed's then-preferred 25-basis-point gradual pace. At the same time, he also opposed the central bank's forward guidance on future interest rate trends, known as the "dot plot."
Evercore ISI economists, including Krishna Guha, wrote earlier this week, "He will maintain a dovish rate stance and may advocate for three rate cuts this year."
Currently, the interest rate swap market is only pricing in less than two 25-basis-point rate cuts by 2026. However, in the SOFR options market, a significant amount of positions has emerged recently, benefiting from multiple rate cuts, with the goal of lowering the federal funds rate to as low as 1.5% by the end of this year, well below the current pricing of around 3.2% in the interest rate swap market. (Golden Finance)
You may also like

Morning News | Invesco acquires a $900 million on-chain fund from Superstate; ParaFi has raised $125 million for its new fund; Solana Foundation launches developer platform SDP

What is the background of this new fund that the two major prediction market platforms have rarely joined forces to create?

SIREN, another leveraged scam

Token has become extremely popular, and the blockchain is very sad

Tether's major shareholder invests £12 million to support the "British version of Trump" in the cryptocurrency sector

Huang Renxun's Latest Podcast: Will NVIDIA Reach $1 Trillion? Will the Number of Programmers Increase Instead of Decrease? How to Deal with AI Anxiety?

Besides Resolv Hack, This DeFi Vulnerability Type Has Occurred Four Times

Trump Cries Peace, $1.5 Billion Dash | Rewire News Evening Brief

From x402 to MPP: Cloudflare's crucial vote, will it go to Coinbase or Stripe?

BlackRock CEO issues annual open letter: The wave of tokenization has arrived, and we will lead this trend

When Backpack backstabs the community

When gold is no longer a safe haven, and Bitcoin continues to panic

Trump, the World's Largest Oil Trader

If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?

Tether Whale Dumps £12 Million, Backing Crypto’s ‘British Trump’

Ethereum Foundation Post: Rethinking the Division of Work Between L1 and L2 to Build the Ultimate Ethereum Ecosystem

Two Major Prediction Market Platforms Unite Rarely, What Is the Story Behind This New Fund?

