Powell Bullard and Waller

The Fed blackout ends today and there is a full slate of speakers who can’t wait to talk.

The chief topic will be interest rates and the dissonance between Powell – who essentially ruled out 75 bps at the June 15 meeting – and the Fed funds futures

Futures

Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other. These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price. Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as they involve specified and non-flexible parameters. Buyers of contracts represent long position holders, while selling parties constitute short position holders. As such, the contract can involve both parties incurring a margin of the value of the contract with a mutually trusted third party. and are the textbook definition of market speculation. A trader who predicts that the price of an asset will move in a certain direction can contract to buy or sell it in the future at a price. If the prediction is incorrect there will be losses. Futures trading is considered an advanced type of trading that requires prior knowledge and understanding.

Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other. These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price. Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as they involve specified and non-flexible parameters. Buyers of contracts represent long position holders, while selling parties constitute short position holders. As such, the contract can involve both parties incurring a margin of the value of the contract with a mutually trusted third party. and are the textbook definition of market speculation. A trader who predicts that the price of an asset will move in a certain direction can contract to buy or sell it in the future at a price. If the prediction is incorrect there will be losses. Futures trading is considered an advanced type of trading that requires prior knowledge and understanding.
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market, which is pricing in an 83% chance of 75 basis points.

Here’s the agenda:

  • 9:15 am ET Williams opening remarks at an event
  • 11 am ET Kashkari in a fireside chat
  • 3:20 pm ET Bostic in a commencement address
  • 7:15 pm ET Waller and Bullard on a panel
  • 8 pm ET Daly commencement address

The hawks are after the weekly close but that will be an interesting one.