Economists Paywall: Insurance Rate and Fund Provider

economists paywall: A survey by the Wall Street Journal earlier in the week signaled that nearly 40% of economists paywall polled by the publication expect the U.S. central bank to ease monetary policy next month, according to Market Watch. The chief economist Joe Davis of Vanguard, the fund provider that manages some 5.4 trillion of wealth, speculated that an insurance rate cut by Jerome Powell's Fed could arrive as early as Wednesday, at the conclusion of the central bank's two-day policy gathering that kicks off June 18. Clamoring for a rate cut the first in more than a decade by the Federal Reserve at some point this year is running hot. Federal-funds futures pointed to an 87% chance for a July cut and 26% chance for an easing this month, as of late Friday, CME Group data show. The Fed might not be prepared to confirm such validations given the hard data do not yet signal a sharp slowdown in economic activity, she said. But what if Wall Street is stone-cold wrong about the Fed cutting, or even communicating its intent to reduce benchmarks rates, which currently stand a range between 2.25%-2.50%, in coming meetings Check out The market is terrible at predicting Federal Reserve interest-rate moves, chart shows Kathy Bostjancic, chief U.S. financial economist at Oxford Economics, told Market Watch that the domestic economy hasn't weakened sufficiently to justify dialing back rates. (news.financializer.com). As reported in the news.