eghver
@mjk
Federal Reserve Chairman Powell will be interviewed at the New York Times DealBook/Summit meeting on December 5th, and the market is closely monitoring his statement on the pace of interest rate cuts. Previously, the minutes of the Federal Reserve's November monetary policy meeting showed that policymakers generally supported a cautious attitude towards future interest rate cuts. Federal funds futures show that the market expects interest rates to drop from the current 4.5% to 4.75% to 3.8% by the end of 2024, an increase of over 100 basis points from September expectations. @idris4547
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