Friday , 8 November 2024
Home Forex Fed: Staying on rate cut path with 25-bps move and political defiance – UOB Group
Forex

Fed: Staying on rate cut path with 25-bps move and political defiance – UOB Group

The Fed in its 6/7 Nov 2024 Federal Open Market Committee (FOMC) meeting, unanimously decided to reduce the target range of its Fed Funds Target Rate (FFTR) by 25-bps to 4.50-4.75%, in line with our and broad market expectations.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

EURUSD ticks lower. Moving away from swing area between 1.07609 to 1.07767

The EURUSD is ticking lower in the US session and in the...

UMich November prelim consumer sentiment 73.0 vs 71.0 expected

Guess what happens next?The interviews for this survey concluded before the election...

United States UoM 5-year Consumer Inflation Expectation climbed from previous 3% to 3.1% in November

United States UoM 5-year Consumer Inflation Expectation climbed from previous 3% to...

United States Michigan Consumer Sentiment Index above expectations (71) in November: Actual (73)

United States Michigan Consumer Sentiment Index above expectations (71) in November: Actual...