Veronica Clark, a US economist at Citi Research, anticipates that the Federal Reserve will lower interest rates by 50 basis points during its December meeting. She shared these insights during her appearance on "Bloomberg The Close."
Bond investors are increasingly confident in a potential interest rate cut from the Federal Reserve next week. This comes in response to the latest US payrolls data, which showed weak but distorted figures. The data has led to speculation that the Fed may take action to support the economy.
Investors who have been hedging against a possible drop in US Treasuries are bracing for market volatility. This comes as they await the upcoming US employment report, influenced by hurricanes and strikes, which will provide crucial insights before next week’s Federal Reserve policy decision.
Stocks in Asia fell today as traders prepared for increased volatility with next week’s US election and the Federal Reserve's rate decision looming.
The latest employment report, released on Friday, is the final data the Federal Reserve will review before its upcoming policy meeting next week. However, analysts find the data challenging to interpret.
Asian equities remained in a tight range today as investors braced for the upcoming US election and important economic data. This data is expected to influence the next decision by the Federal Reserve, adding to the cautious sentiment in the market. Traders are closely watching developments to gauge their impact on future monetary policy.
In a week, Federal Reserve officials will meet to discuss the pace of interest rate cuts. Ahead of that, three key economic reports will highlight the US economy's underlying strength, despite a temporary slowdown in job growth.
On "Bloomberg The Close," Chuck Lieberman, co-founder and CIO of Advisors Capital Management, stated that he does not foresee the Federal Reserve pushing rates significantly lower, citing the strength of the labor market as a key factor.
The Federal Reserve, the central banking system of the United States, has a significant role in maintaining the country’s economic stability. One of the most critical functions of the Federal Reserve is to influence the federal funds rate (FFR), the interest rate at which banks lend to each other overnight. By setting the FFR, the ...
