Odds Of Interest Rate Cut Double After Fed Official Signals Support

ToplineThe probability of an interest rate cut next month doubled on Friday, after New York Federal Reserve President John Williams said he sees room for a reduction in the “near term,” raising prospects among investors as waning hopes have pulled down stocks in recent days. Other Federal Reserve officials have supported maintaining the current rates. Getty ImagesKey Facts“I still see room for a further adjustment [to interest rates] in the near term” to adjust U.S. monetary policy to “the range of neutral, ...