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Federal Reserve expected to cut interest rates for first time since 2020
The Federal Reserve is set to make a pivotal decision about its benchmark interest rate on Wednesday that could dial back its years-long fight against inflation. Investors widely expect the Fed to cut interest rates for the first time since 2020, delivering long-sought relief for consumers saddled by high borrowing costs for everything from credit cards to mortgages.“The time has come for policy to adjust,” Fed Chair Jerome Powell said last month at an annual gathering in Jackson Hole, Wyoming. “The direction of travel is clear.” Inflation has slowed dramatically from a peak of about 9% in 2022, though it ... (full story)
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From @financialjuice|Sep 18, 2024post: ECB'S NAGEL: INTERVALS BETWEEN INTEREST-RATE MOVES MAY VARY. post: ECB'S NAGEL: UPCOMING WAGE DEALS IN GERMANY ARE LIKELY TO SHOW RAPID INCREASES. post: ECB'S NAGEL: ECB MUST DEMONSTRATE THAT IT HAS STAYING POWER TO DEFEAT INFLATION. post: ECB'S NAGEL: INFLATION IS CURRENTLY NOT WHERE WE WANT IT TO BE.
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From statcan.gc.ca|Sep 18, 2024Foreign investors increased their exposure to Canadian securities by $11.0 billion in July. Meanwhile, Canadian acquisitions of foreign securities slowed to $4.5 billion, down ...
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From think.ing.com|Sep 18, 2024|1 commentToday’s Fed rate decision (1900 BST) is as close as it gets. Markets have recently leaned narrowly in favour (65%-35% implied probability) of a 50bp cut rather than 25bp. Our full ...
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- Posted: Sep 18, 2024 7:55am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 7,341
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