Wall Street predictions grow for aggressive half-point Fed rate cut
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Futures traders have increased expectations for a 0.5 percentage point rate cut by the Federal Reserve; this follows recent US economic data indicating a slowdown in the labor market and cooling inflation; Fed chair Jay Powell faces a decision this week, marking the first rate cut since 2020; JPMorgan economists also predict a 0.5 percentage point cut; reports from the Financial Times and The Wall Street Journal highlight the Fed's dilemma between a quarter point or half point cut.
#FederalReserve #InterestRates #Jpmorgan #Inflation #LaborMarket #WallStreet #EconomicData #RateCut #JayPowell #FinancialNews
https://www.ft.com/content/cd1f1392-db86-4d87-88db-2e28c39d62fd
Financial Times /
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2024-09-16 21:48:56
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wss://relay.damus.ioPublished at
2024-09-16 21:48:56Event JSON
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"content": "Wall Street predictions grow for aggressive half-point Fed rate cut\n==========\n\nFutures traders have increased expectations for a 0.5 percentage point rate cut by the Federal Reserve; this follows recent US economic data indicating a slowdown in the labor market and cooling inflation; Fed chair Jay Powell faces a decision this week, marking the first rate cut since 2020; JPMorgan economists also predict a 0.5 percentage point cut; reports from the Financial Times and The Wall Street Journal highlight the Fed's dilemma between a quarter point or half point cut.\n\n#FederalReserve #InterestRates #Jpmorgan #Inflation #LaborMarket #WallStreet #EconomicData #RateCut #JayPowell #FinancialNews\n\nhttps://www.ft.com/content/cd1f1392-db86-4d87-88db-2e28c39d62fd",
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