Eurasia Review on Nostr: Fed Rate Cut Sparks Optimism – And Uncertainty – OpEd ========== On September 20, ...
Fed Rate Cut Sparks Optimism – And Uncertainty – OpEd
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On September 20, 2024, the US Federal Reserve's FOMC cut the federal funds rate by 50 basis points, lowering it to a range of 4.75% to 5.00%, marking the first cut since 2020. Fed Chair Jerome Powell emphasized a cautious approach, indicating that future rate moves are uncertain. FOMC member Michelle Bowman advocated for a smaller 25 basis point cut, reflecting internal debate. The rate cut aims to support a faltering labor market and control inflation, as unemployment rose to 4.2% from 3.8% the previous year. The Fed's dual mandate of promoting employment while maintaining price stability is challenged by potential inflationary pressures and asset bubbles. The cut may encourage investment in education and training to address skilled labor shortages.
#FederalReserve #RateCut #Economy #Inflation #Unemployment #MonetaryPolicy #JeromePowell #LaborMarket #EconomicGrowth #FinancialStability
https://www.eurasiareview.com/20092024-fed-rate-cut-sparks-optimism-and-uncertainty-oped/
==========
On September 20, 2024, the US Federal Reserve's FOMC cut the federal funds rate by 50 basis points, lowering it to a range of 4.75% to 5.00%, marking the first cut since 2020. Fed Chair Jerome Powell emphasized a cautious approach, indicating that future rate moves are uncertain. FOMC member Michelle Bowman advocated for a smaller 25 basis point cut, reflecting internal debate. The rate cut aims to support a faltering labor market and control inflation, as unemployment rose to 4.2% from 3.8% the previous year. The Fed's dual mandate of promoting employment while maintaining price stability is challenged by potential inflationary pressures and asset bubbles. The cut may encourage investment in education and training to address skilled labor shortages.
#FederalReserve #RateCut #Economy #Inflation #Unemployment #MonetaryPolicy #JeromePowell #LaborMarket #EconomicGrowth #FinancialStability
https://www.eurasiareview.com/20092024-fed-rate-cut-sparks-optimism-and-uncertainty-oped/