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2024-07-31 17:15:05

Investment Executive on Nostr: First rate cut in 4 years likely on the horizon as the Fed meets ========== Federal ...

First rate cut in 4 years likely on the horizon as the Fed meets
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Federal Reserve officials are likely to set the stage for the first cut to their key interest rate in four years; Inflation has been falling closer to the Fed's 2% target; The job market has cooled, with the unemployment rate rising to 4.1%; Rate cuts could help achieve a 'soft landing' and affect the presidential race; Financial market traders have priced in 100% odds of a rate cut in September; Fed Chair Jerome Powell may provide more guidance in late August; The Fed could alter parts of the statement to lay the groundwork for a cut in September; Rental prices and other inflationary pressures have started to ease; Wage growth has slowed and job growth is not a source of broad inflationary pressures; Inflation in Europe has ticked up; Global debt activity is seen slowing

#FederalReserve #InterestRates #Inflation #JobMarket

https://www.investmentexecutive.com/news/research-and-markets/first-rate-cut-in-4-years-likely-on-the-horizon-as-the-fed-meets/
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