Rate Cuts or Not? Share your insights on FOMC meeting and grab rewards!
Hi mooers! ![]()
The Federal Reserve is scheduled hold FOMC meeting and press conference on November 7. This is crucial for the future trajectory of the U.S. and global economy.
The Commerce Department's personal consumption expenditures (PCE) price index, closely watched by the Federal Reserve, increased 0.2% month-over-month in September. Excluding food and energy, the September PCE price index rose 0.3% MoM and 2.7% YoY. On the other hand, U.S. job growth almost stalled as the Ocotber non-farm payrolls reported only 12,000 growth.![]()
Given the recent economic data, do you think the fed will further the interest rate cut? How would you adjust your portfolio? Share with your ideas with us!
Rewards
● An equal share of 3,000 points: For mooers who correctly guess the Federal Reserve's interest rate decision on November 7.
(Vote will close on 10:00AM ET November 7)
● Exclusive 100 points: Comment below and share your insights! The writers of top 10 comments will be rewarded with 100 points each, for analyzing the Fed's movement.
What outlook will Chair Powell and the fed's officials provide on the press conference? Don't want to miss the first hand information? Subscribe to @Moo Live and book the press conference live stream!
Note:
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
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102362254 : With the recent economic data, it looks like the Fed might keep cutting rates slowly, maybe by another quarter-point. It could be a good idea to look at sectors like tech and consumer-focused stocks that tend to do well when rates drop. But I’m not planning to make big moves. I’m staying focused on long-term investing. Still, it’s always smart to keep a balanced mix to manage risk
104187288 : Will return to normal levels.
zhisheng : Given the recent economic data, the Federal Reserve may consider further rate cuts during the upcoming FOMC meeting on November 7. The Personal Consumption Expenditures (PCE) price index for September showed a modest month-over-month increase of 0.2%, with the core PCE rising 2.7% year-over-year, indicating relatively mild inflationary pressures. Additionally, non-farm payrolls added only 12,000 jobs in October, reflecting weakness in the labor market. Overall, the Fed may opt for a rate cut to support the economy. If this happens, I plan to adjust my investment portfolio by increasing holdings in growth stocks and technology sectors while also allocating to inflation-hedging assets like gold to mitigate risks associated with a weaker dollar. I will also consider increasing exposure to high-quality bonds and Real Estate Investment Trusts (REITs) to take advantage of opportunities presented by a low interest rate environment, while keeping some liquidity to navigate future uncertainties and market fluctuations.
104863052 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
103687127 : As much as Fed claims that the US economic is strong and doing well, but the recent Oct data’s does not reflect so. And whether Trump or Kamala win the 2024 president election, the US stocks will be volatile (if Trump got elected, he will bring on more trades/tariffs wars resulting very challenging economy. While Kamala policies are steer more towards supporting the poor Americans by making the Cooperates pay high tax etc. So, going forward, Fed will face tremendous challenges on tackling the interest rates. Do trade safety Guys!
DMart3000 : Cut 25bp, time to stimulate!
CNNT : Given that inflation is under control and the stock market is no longer in a hyper bull run (but not weakening), there is a lesser need for a big rate cut at this point. Assuming nothing major happens post election like in 2020, the Fed will probably cut 25pt to continue a soft landing, or maybe none until the dust fully settles from the election.
Kevin Neo : Cut 25bp
Hawkeye2024 : no reason to cut since the economic data was bad
Zen9 : m
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