The Fed expected a rate cut - The Fed's Dec meeting
2023-12-13
Summary:
Investors believe the FOMC will maintain interest rates this month. They anticipate a 100 bps cut in 2024, raising doubts about its likelihood.
The Fed's Dec meeting
14/12/2023 (Thu) 03:00
Previous (Aug): 5.50% | Forecast: 5.50%
Investors are convinced that the FOMC will once again opt not to raise interest rates at its upcoming meeting this month. They have priced in rate cuts of 100 bps for 2024, which is questionable.
Powell confronts a mixed economic picture. While the labour market is resilient and consumer spending is solid, there are signs of slower growth and, in turn, lower inflation.
He is expected to reiterate that it is still premature to discuss policy shift as inflation remains well above the Fed’s target of 2%. But investors’ view could prove hard to alter at this point.
Oil prices meander on OPEC's efforts
Oil prices steadied Thursday, supported by a US crude stock draw, after falling nearly 3% on ceasefire talks between Israel and Hezbollah.
2024-11-28
PCE price index Oct - Overall inflation was 2.1%
September's Core PCE rose 2.7%, slightly above the 2.6% forecast, reinforcing the case for slower interest rate cuts after a large reduction.
2024-11-27
Wall St rises but carmakers suffer
US stocks hit record highs on Tuesday, driven by a tech rebound and investor reactions to Trump’s tariff pledges and the latest Fed minutes.
2024-11-27
