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SPXL Jul 2024 130.000 put

OPR - OPR Delayed price. Currency in USD
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1.1100+0.1600 (+16.84%)
At close: 01:00PM EDT
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Previous close0.9500
Expiry date2024-07-19
Day's range1.1100 - 1.1200
Contract rangeN/A
Open interest310

    Fed’s Barkin wants more evidence on inflation before rate cuts

    Thomas Barkin, President of the Federal Reserve Bank of Richmond stressed the need for further clarity on the inflation path before considering lowering interest rates.


    Attention to this expert: What if there is no rate cut in the U.S. in 2024? - Markets are tense Wednesday due to two key events: the U.S. Consumer Price Index (CPI) for May and the interest rate decision by the U.S. Federal Reserve (Fed).


    Fed not likely to begin cutting rates in July, says Atlanta President Bostic

    Raphael Bostic, the Atlanta Federal Reserve President, said Thursday that U.S. central bankers are unlikely to cut interest rates in July, citing slowed progress on inflation. “I'm keeping my eyes on the short-run trajectory, and if we can continue to see that trajectory move forward, I think we will be in a good place,” Bostic told Fox Business when asked if the Fed might ease rates in July. The Atlanta Fed President stressed the need for economic data showing the economy is "sufficiently strong" and inflation has moved closer to the Fed's 2% target before supporting any rate reductions.