A further 0.5 percentage point interest rate cut in the US seems difficult - FOMC in a gradualist mode.
Last updated on October 10, 2024, at 14:30 JST (excerpt).
There is also a desire for a gradual pace of rate cuts at the September meeting - summary of the proceedings.
As long as the labor market remains strong, support for another significant interest rate cut may be lacking.
As long as the robustness of the US labor market continues, it is unlikely that Federal Reserve Chairman Powell will secure agreement on another significant interest rate cut at the Federal Open Market Committee (FOMC).
After the FOMC decided to cut rates by 0.5 percentage points at the September meeting, Chairman Powell, in a press conference, explained that the decision to lower the Federal Funds (FF) rate target range to 4.75-5% was a readjustment to ensure the continued strength of the labor market.
There is also a desire for a gradual pace of rate cuts at the September meeting - summary of the proceedings.
As long as the labor market remains strong, support for another significant interest rate cut may be lacking.
As long as the robustness of the US labor market continues, it is unlikely that Federal Reserve Chairman Powell will secure agreement on another significant interest rate cut at the Federal Open Market Committee (FOMC).
After the FOMC decided to cut rates by 0.5 percentage points at the September meeting, Chairman Powell, in a press conference, explained that the decision to lower the Federal Funds (FF) rate target range to 4.75-5% was a readjustment to ensure the continued strength of the labor market.
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