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Fed’s Evans: Economy might not need any more interest rate cuts

“Traders who use futures contracts to bet on the path of the fed funds rate now project one interest rate cut over the next year, according to CME FedWatch” writes Senior Economics Reporter for marketwatch.com. Evans, who is a voting member of the Fed’s interest-rate committee this year, was upbeat about the economy.However, many economists think the economy might slow markedly in the next few quarters, forcing the Fed to cut rates a few more times.Read: Fed’s Barkin says recession is not imminent And New York Fed President John Williams on Wednesday said we’re in a “Goldilocks economy” not too hot, not to cold,” according to Reuters.
 
Source: marketwatch.com



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