By CCN: Dow Jones futures carved out a spirited triple-digit rally in early trading on Tuesday as the market priced in a more dovish Federal Reserve policy. Traders now expect a series of interest rate cuts at the Fed beginning as soon as July. One billionaire investor said the Fed could even slash the fund rate to zero in the next 18 months. The dovish shift is a response to recession alarm bells and the adverse effects of the US-China trade war. Dow Futures Fight to Triple-Digit Rally The Dow Jones Industrial Average (DJIA) looks set to open in positive
The post Dow Futures Surge as Billionaire Investor Speculates Fed Fund Rate Plunge to Zero appeared first on CCN
Read the original post: Dow Futures Surge as Billionaire Investor Speculates Fed Fund Rate Plunge to Zero