Breitbart Business Digest: What’s Next for the Fed After the September Blunder?

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.

The September jobs report was a jolt to the system, upending expectations for the Federal Reserve’s next moves.

for cutting rates again at the November 7 meeting,” Joe Lavorgna of SMBC Nikko Securities said in a recent note.The market still thinks the Fed will cut, but it has. At the end of September, the market was pricing in even chances of a half-point cut and a quarter-point cut. As of Tuesday, the odds of a larger cut are zero. The odds of no cut at all have crept up to around 13 percent.

“Even if the Fed concludes with the benefit of hindsight that it didn’t need to cut by 50bp in September, we doubt it will be deterred from cutting in November on strong labor data alone,” Bhave notes.By moving so boldly and so early, the Fed has put itself in a bind.Finally, the Fed’s decision to cut before the election may put pressure on the Fed to cut after the election, especially if Donald Trump wins.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 610. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breitbart Business Digest: Just 17% of CFOs Think Harris Is Better for the EconomySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Democrat Senators Demand Super-Sized Rate CutSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: The Fed’s Secret Tightening of Monetary PolicySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: The Fed Does Not Need to Rush to Cut RatesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: What The Election Means for Fed PolicySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: The Ugly History of Preemptive Fed CutsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »