Published On Nov 7, 2024, 3:49 PM
Traders are anticipating an interest rate cut from the Federal Reserve in December, following a recent reduction in November. After trimming rates to a range of 4.5% to 4.75%, there's a 70% chance of another cut in December, but a 71% probability suggests the Fed may not cut again in January.
Positive
If the Fed proceeds with the expected cut in December, this could lead to a positive market response as lower interest rates typically encourage borrowing and spending. However, the follow-up 'skip' in January suggests caution about future cuts, which might lead to volatility in rate-sensitive sectors.
Nov 7, 2024, 3:39 PM
President-elect Donald Trump has sent mixed signals for years on whether he would fire or demote Jerome Powell. But Powell made it clear Thursday that he won’t be going anywhere even if Trump tried.
Nov 7, 2024, 2:09 PM
This is a comparison of Thursday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.
Nov 7, 2024, 2:00 PM
The Federal Reserve approved its second consecutive interest rate cut Thursday.