According to the latest information, the FED cut interest rates by 25 basis points as expected.
After the interest rate decision, all markets will be at the press conference to be held by FED Chairman Jerome Powell at 22:30. We will also broadcast this meeting live to you as Bitcoinsistemi.com.
James Ragan, director of asset management research at DA Davidson, said Powell’s outlook for the labor market could be a key focus of his meeting. “The biggest thing he could talk about is the labor market,” Ragan told CNBC, referring to a weaker-than-expected nonfarm payrolls report that showed only 12,000 jobs gained in October.
Markets largely attributed the lower figure to temporary factors such as the hurricane and a short-lived strike by Boeing workers, Ragan added.
Powell’s comments will be watched closely, especially as investors look for signs that the Fed will cut rates by another quarter point in December. Market data currently suggests a 63% chance of a December rate cut, though some investors believe the Fed could delay the cut until early 2025.
The Fed’s policy choices are complicated by President-elect Donald Trump’s proposed economic measures, including potential tax cuts and increased tariffs. These policies could contribute to inflation, complicating the Fed’s goal of keeping price pressures under control.
- The Fed says risks to targets are ‘roughly balanced.’
- FED: Labor market conditions have generally eased.
- FED Sözcüsü lakaplı gazeteci Nick Timiraous açıklama yaptı:
The Fed cut interest rates by 25 basis points, as expected. The decision was unanimous. The Federal Open Market Committee’s statement showed little change.
- Fed statement: Inflation “made progress” toward 2% target, but remains high.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/breaking-critical-fed-interest-rate-decision-announced/