However, members did note a general level of uncertainty about how conditions are evolving. In addition, they expressed uncertainty over where the rate cuts would need to stop before the Fed hit a "neutral" interest rate that neither boosts nor restrains growth. "Many participants observed tha...
"The rate cut cycle has just begun, interest rates will remain at relatively high level in the foreseeble future. The public should carefully assess and continue to manage the interest rate risk when making property purchase, mortgage or other lending decisions," Lee added. Hong Kong major bank...
"The time has come for policy to adjust," Powell said in his speech during the Kansas City Fed's symposium in Jackson Hole, Wyoming. "The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks."...
Are rate cuts bullish for bitcoin? In general, the quicker the Fed delivers its rate cuts, the more pressure would be placed on U.S. dollar DXY, which would be bullish for bitcoin, Grayscale’s Pandl noted. However, Two Prime’s Blume holds a differ...
The rate cut could deliver relief to borrowers saddled with high costs. ByMax Zahn September 19, 2024, 2:50 AM 1:48 Fed cuts interest rates a half point The Federal Reserve slashed interest rates for the first time since 2020 with a half-point cut, its biggest rate cut in 16 ...
do with short-term interest rates, if anything.1Interest rates are closely watched by analysts and economists because these key figures play out in every asset market around the globe. Stock traders almost always rejoice when the Fed cuts rates but does a rate cut equal good news for everyone...
The Fed is "being very cautious when it comes to its decision making regarding rate cuts," noted Jacob Channel, an economist at LendingTree, in an email. "The reason for this is because they don't want to start cutting prematurely and end up making inflation worse." ...
A handful of Federal Reserve officials on Monday left open the door to additional large interest-rate cuts, noting that current rates still weigh heavily on the US economy. “Over the next 12 months, we have a long way to come down to get the interest rate to something like neutral to ...
Fed rate cuts are not 'magic bullets' that will fix the economy: Jim Thorne Wellington-Altus Private Wealth chief market strategist Jim Thorne argues the Fed was late to cut interest rates and the private sector is in recession on 'Making Money.' ...
Wednesday's move marks the Fed's final interest rate decision prior to President-elect Donald Trump's Jan. 20 inauguration. While price increases have cooled from their June 2022 peak, opening the door to Fed rate cuts this year, inflation has remained sticky and well above the Fed's ...