The National on Nostr: December US interest rate cut likely as focus turns to next year ========== Markets ...
December US interest rate cut likely as focus turns to next year
==========
Markets expect the Federal Reserve to cut US interest rates by 25 basis points in December 2024; the latest unemployment report showed 227,000 jobs added in November, with the unemployment rate at 4.2%; odds of a rate cut increased to 87% from 66%; the Fed's target range would drop to 4.25-4.50%; Fed officials, including Christopher Waller and Michelle Bowman, advocate for a cautious approach to rate cuts; inflation metrics rose to 2.3% in October; uncertainty surrounding Donald Trump's policies may impact future rate decisions; Fed's blackout period starts December 7, 2024.
#FederalReserve #InterestRates #Inflation #Unemployment #Economy #DonaldTrump #MonetaryPolicy #2024Election #JobGrowth #Caution
https://www.thenationalnews.com/business/economy/2024/12/06/december-us-interest-rate-cut-likely-as-focus-turns-to-next-year/
==========
Markets expect the Federal Reserve to cut US interest rates by 25 basis points in December 2024; the latest unemployment report showed 227,000 jobs added in November, with the unemployment rate at 4.2%; odds of a rate cut increased to 87% from 66%; the Fed's target range would drop to 4.25-4.50%; Fed officials, including Christopher Waller and Michelle Bowman, advocate for a cautious approach to rate cuts; inflation metrics rose to 2.3% in October; uncertainty surrounding Donald Trump's policies may impact future rate decisions; Fed's blackout period starts December 7, 2024.
#FederalReserve #InterestRates #Inflation #Unemployment #Economy #DonaldTrump #MonetaryPolicy #2024Election #JobGrowth #Caution
https://www.thenationalnews.com/business/economy/2024/12/06/december-us-interest-rate-cut-likely-as-focus-turns-to-next-year/