FRB decides to leave interest rates unchanged and suggests September interest rate cuts - FOMC meeting on the 31st
2024/7/31 11:16 JST (some excerpts)
Officials may acknowledge a slowing trend in the inflation rate in the FOMC statement
There is a big possibility that Chairman Powell will be asked about labor market prospects at the press conference
By suggesting the possibility of interest rate cuts in September on the 31st, the US financial authorities are likely to approach cutting major policy interest rates, which are at a high level for the first time in 20 years. However, there is a possibility that it will not be possible to go into further details.
According to a survey conducted by Bloomberg News targeting economists, the Federal Open Market Committee (FOMC) is expected to leave the federal fund (FF) interest rate guidance target range unchanged at 5.25-5.5% at a meeting to be held on a 2-day schedule until the same day.
Officials may acknowledge a slowing trend in the inflation rate in the FOMC statement
There is a big possibility that Chairman Powell will be asked about labor market prospects at the press conference
By suggesting the possibility of interest rate cuts in September on the 31st, the US financial authorities are likely to approach cutting major policy interest rates, which are at a high level for the first time in 20 years. However, there is a possibility that it will not be possible to go into further details.
According to a survey conducted by Bloomberg News targeting economists, the Federal Open Market Committee (FOMC) is expected to leave the federal fund (FF) interest rate guidance target range unchanged at 5.25-5.5% at a meeting to be held on a 2-day schedule until the same day.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
