by Luzi Ann Santos | moomoo News
The Federal Open Market Committee lowered the target Federal Funds rate 50 basis points, citing the progress in inflation and slowing job gains.
Policymakers took the rate to a range of 4.75 to 5%, noting that the committee has gained greater confidence that inflation is moving sustainably toward 2%."
At the same time, the Fed's so-called dot plot showed policymakers forecast the median key interest rate ending 2024 at 4.4%, before declining to 3.4% by the close of next year.
"In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks," according to the press release. "The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective." The new Fed projections indicate a forecast of 2.0% economic growth for the year, with the unemployment rate expected to be 4.4% in the fourth quarter of the year.
The decision to cut borrowing costs by half a percentage point wasn't unanimous. Michelle Bowman voted against the move, preferring instead a 25-basis point reduction at this meeting, according to the press release.
Fed Chairman Jerome Powell is speaking at a press conference right after a federal interest rate meeting. Click the link below to watch the event live on moomoo.
Here's what changed in the new Fed statement:
Comment(22)
太棒了
Thank you so much , thank you for your appreciation, having a great day ❤️🥰🥰🌺
how do you know it's cut 50 points of its 2:08ET and it doesn't start til 2:30 sounds fishy to me
Finally! Now, what do we invest in?
为什么还没开始meeting 这边就确定了呢
为啥棒啊？
やはり0.5の利下げ、更に年内に0.5%の利下げは、市場にサプライズ円為替は、織り込んでいないので135円まで一時的に進む、今日は一日凄い事になりそう。
very nice
記者会見の内容を市場関係者がどう受け止めるか…ですね。今日の日本市場は新局面をむかえますね。
I dunno, real estate, car dealerships. banks, retail... Not financial advice. I'm hoarding cash right now
すいません、見通し撤回です。
142円に戻してますね！
経済指標から考えるにハリスさんへの援護射撃でしょうかね？
Buy the dip bro
让降息来得更猛烈些吧
2008 collapse came after rate cuts to
Banking sector should be good for awhile
history will repeat.
This time is worse.
Many European counties are in serious debt issues, and China is not well too. Equities, especially tech, are seriously overvalued, Geopolitical risks are escalating...
The sum of all over is catastrophic.
Gone case soon.. BBQ the market ..
0.5% cut? Who is going to buy your bond?
Don’t forget, Japan had raised their interests twice and going more aggressive again.. It’s Totally different from last round when you cut your rates… the gap between Japanese yen and USD is getting narrower ..
pray hard…
What's gonna happen?
dimana saya mau lihat nombor akaun BSN saya..
US dollars is getting weaker , don’t look too good
tq
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