KEYT on Nostr: America now looks to the Fed for clues on future rate cuts ========== The Federal ...
America now looks to the Fed for clues on future rate cuts
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The Federal Reserve is expected to cut interest rates by a quarter point on November 7, 2024, following a historic US presidential election. Inflation is trending down while the job market shows signs of losing momentum. Fed Chair Jerome Powell will address future rate cuts amid President-elect Donald Trump's policies. The Fed's recent half-point cut in September was the first in over four years, aiming to maintain labor market strength. Economists predict rate cuts will continue into 2025, despite mixed economic signals. Trump's election raises concerns about the Fed's independence and potential inflationary policies.
#FederalReserve #InterestRates #DonaldTrump #Economy #Inflation #JobMarket #Policy #EconomicGrowth #JeromePowell #2024Election
https://keyt.com/news/money-and-business/cnn-business-consumer/2024/11/07/america-now-looks-to-the-fed-for-clues-on-future-rate-cuts/
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The Federal Reserve is expected to cut interest rates by a quarter point on November 7, 2024, following a historic US presidential election. Inflation is trending down while the job market shows signs of losing momentum. Fed Chair Jerome Powell will address future rate cuts amid President-elect Donald Trump's policies. The Fed's recent half-point cut in September was the first in over four years, aiming to maintain labor market strength. Economists predict rate cuts will continue into 2025, despite mixed economic signals. Trump's election raises concerns about the Fed's independence and potential inflationary policies.
#FederalReserve #InterestRates #DonaldTrump #Economy #Inflation #JobMarket #Policy #EconomicGrowth #JeromePowell #2024Election
https://keyt.com/news/money-and-business/cnn-business-consumer/2024/11/07/america-now-looks-to-the-fed-for-clues-on-future-rate-cuts/