Fed Leans Toward A December Interest Rate Cut
The Federal Open Market Committee is most likely to cut interest rates again on December 18 to 4.25% to 4.5%, according to fixed income markets.
A top Fed official leans toward December rate cut but says it depends on economic data
WASHINGTON (AP) — A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view.
Why former Dallas Fed president Richard Fisher sees no reason for December rate cut
Richard Fisher, former Dallas Fed president, joins CNBC's 'Closing Bell' to discuss whether the Fed should cut interest rates to end the year, his take on the latest employment data, and more.
Inflation Is Stuck. What That Could Mean for a December Fed Rate Cut.
The progress bringing down inflation has stalled out in recent months, and economists expect November to continue that trend. But unless last month’s price growth is markedly stronger than anticipated,
Inflation gives Fed green light for rate cut in December
Fresh inflation figures are likely to make the Federal Reserve more cautious about the pace of interest-rate cuts – but not quite yet. Read more at The Business Times.
Fed Sees Economy Solid, Inflation Easing as December Rate Cut Looms
In short, the Fed is seeing the best of both worlds: an economy growing steadily with inflation headed toward its target, albeit maybe a little slower than had been anticipated. The Fed confirmed this Wednesday when it released its “beige book” survey of the U.S. economy, noting growth in the economy continued although hiring was subdued.
Interest Rate Forecast: How Much More Will the Fed Cut?
According to CME FedWatch, a popular interest-rate probability tracker, there’s an 88% chance of a 25-point rate cut. A similar tool from the Federal Reserve Bank of Atlanta predicts a rate cut of that size is 80% likely. The tools predict a 14% and 18% likelihood, respectively, that rates will remain unchanged.
Everyday Economics: Is a Fed rate cut still in the cards for December?
The labor market, while slowing, remains resilient. Initial claims – an established predictor of changes in the level of unemployment – have been trending downward. The
November CPI gives Fed ‘green light’ for December rate cut, say asset managers
Jeff Schulze, head of economic and market strategy at ClearBridge Investments, commented that the November CPI numbers should be “risk-asset friendly and provide a tailwind to equity markets as we move through one of the strongest seasonal periods of the year.” ClearBridge has $193.3 billion in AUM.
Fed's Musalem expects more rate cuts, keeping options open on December meeting
St. Louis Federal Reserve President Alberto Musalem said on Wednesday he expects the U.S. central bank will be able to continue to cut interest rates but isn't ready to say what he thinks should happen at its policy meeting later this month.
Inflation ticked up again in November. Will the Fed cut rates next week?
Inflation is moving in the wrong direction. U.S. inflation picked up for a second straight month in November on a rise in food and gasoline prices, underscoring that the final stretch of the Federal Reserve's two-year battle against sharply rising prices has become more challenging.
Citigroup joins Wall Street peers in forecasting 25 bps rate cut by Fed in December
Citigroup, previously the only Wall Street brokerage forecasting a 50 basis point rate cut by the U.S. Federal Reserve, has ...
Bitcoin reclaims six-figure mark as inflation data bolster December Fed cut odds
Bitcoin (BTC-USD) climbed past the six-figure mark once again on Wednesday, driven by inflation data that matched ...