Well, the Fed predictably cut rates by 0.25%. I think the market had already priced in these expectations earlier.
- 0 replies
- 0 recasts
- 0 reactions
Traiders waiting for the Federal Reserve's decision on interest rates and Powell's speech. And, as usual, we expect significant volatility in the market.
- 0 replies
- 0 recasts
- 0 reactions
Based on current trends, I believe the Federal Reserve will likely raise the interest rate on December 10. Inflation has remained stubbornly above target, and the Fed usually responds by increasing rates to slow demand. Jerome Powell has emphasized fighting inflation as a priority, which supports a rate hike. Therefore, a 0.25% increase seems the most probable outcome.
- 0 replies
- 0 recasts
- 0 reactions