onchainomics

The Federal Reserve is expected to cut interest rates again at its November 7 meeting, following a 0.5% reduction in September. Markets anticipate a likely 0.25% cut, but a larger 0.5% reduction is possible depending on upcoming economic data, including jobs reports on October 4 and November 1, and inflation data such as the Consumer Price Index for September. The Fed's decision will be influenced by the progress on inflation, now at 2.2% annually, and the labor market, where unemployment has risen to 4.2% but remains low by historical standards.

The Federal Reserve is expected to cut interest rates again at its November 7 meeting, following a 0.5% reduction in September. Markets anticipate a likely 0.25% cut, but a larger 0.5% reduction is possible depending on upcoming economic data, including jobs reports on October 4 and November 1, and inflation data such as the Consumer Price Index for September. The Fed's decision will be influenced by the progress on inflation, now at 2.2% annually, and the labor market, where unemployment has risen to 4.2% but remains low by historical standards.https://polymarket.com/event/fed-interest-rates-november-2024/fed-decreases-interest-rates-by-50-bps-after-november-2024-meeting?tid=1728525585027