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.

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Stock Forecasts

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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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