Watch Fed Chair Powell speak live to business leaders in the Dallas area
Published On Nov 14, 2024, 2:45 PM
Federal Reserve Chair Jerome Powell addressed business leaders in the Dallas area regarding monetary policy. His speech follows a recent decision to cut interest rates by 25 basis points, setting the federal funds rate between 4.5% and 4.75%. Although this reduced rate comes amid sticky inflation—consumer prices are at 2.6%—the Fed is expected to initiate additional cuts in December before reassessing in January based on prior easing effects.
Stock Forecasts
XLF
Positive
Given the Fed's recent cut in interest rates and potential for further reductions, investors might see a positive outlook in sectors sensitive to interest rates, such as real estate and utilities. Furthermore, continued inflation could sway market dynamics, especially for growth stocks.
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