Rate Cut Probability Declines After Fed Comments

Rate Cut Probability Declines After Fed Comments

The probability of the US Federal Reserve implementing a quarter-point rate cut at its December meeting has decreased to 65.3 per cent, as of late Monday afternoon in New York. This figure is consistent with the close of trading last week but significantly lower than the 94.4 per cent recorded a week prior, leading up to the Fed’s most recent meeting. Federal Reserve chairman Jerome Powell has indicated that a December rate cut is not guaranteed…

Hawkish Fed Can’t Stop Nasdaq’s Record Tech Rally – What It Means for Investors

Fed Cuts Rates, But Signals Caution Ahead After over a year of high interest rates, the Federal Reserve finally eased policy with a 0.25% rate cut at its late-October meeting. This widely expected cut was aimed at supporting the cooling job market, but it came with a notable caveat: Fed Chair Jerome Powell and other officials stressed that further rate reductions are not guaranteed reuters.com. In Powell’s words, another cut in December is “not …