🔥 🇺🇸 Federal Reserve cuts interest rates by 50 bps for the first time in four years.
Summary of Fed Decision (9/18/24):
1. Rate cut by 50 bps, first since 2020.
2. Two more 25 bps cuts expected in 2024.
3. One dissenting governor favored a 25 bps cut.
4. Fed sees inflation moving toward 2% target.
5. Outlook will evolve based on data.
6. 100 bps cuts projected for 2025, 50 bps in 2026.
Jerome Powell "Market conditions cooled, economy strong."
#FederalReserve #RateCut #Inflation #JeromePowell #USEconomy #FinanceNews #MonetaryPolicy
PolicyWatch / Hak-Kun Hyun Baek âš¡
npub1yu…8f8tc
2024-09-19 01:44:04
Author Public Key
npub1yushpylg8mrz380h2c5prcq67hmev6rshz86mytfu7l3p3p5lhdqr8f8tcPublished at
2024-09-19 01:44:04Event JSON
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"content": "🔥 🇺🇸 Federal Reserve cuts interest rates by 50 bps for the first time in four years.\n\nSummary of Fed Decision (9/18/24):\n\n1. Rate cut by 50 bps, first since 2020.\n2. Two more 25 bps cuts expected in 2024.\n3. One dissenting governor favored a 25 bps cut.\n4. Fed sees inflation moving toward 2% target.\n5. Outlook will evolve based on data.\n6. 100 bps cuts projected for 2025, 50 bps in 2026.\n\nJerome Powell \"Market conditions cooled, economy strong.\"\n\n#FederalReserve #RateCut #Inflation #JeromePowell #USEconomy #FinanceNews #MonetaryPolicy",
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