After the unexpected 50 basis point rate cut in September, market participants have turned their attention to the performance of the US economy to gauge the likelihood of further cuts. This focus aligns with the Federal Reserve’s shift toward monitoring the labor market, although inflation, especially excluding food and energy costs, is proving more stubborn than before.
Christopher J Waller
Fed to Begin Cutting Interest Rates, Signal Next Steps
The Federal Reserve (Fed) is widely expected to lower interest rates this week after holding borrowing costs at a two-decade high for more than a year.