Brokerages Expect 25-Basis-Point Rate Cut by U.S. Fed in December Despite Strong Economy
Major brokerages have reaffirmed their expectation of a 25-basis-point interest rate cut by the U.S. Federal Reserve in December, despite a strong U.S. economy. This comes after the consumer price index (CPI) for October showed a 2.6% increase, with the core CPI, which excludes food and energy, rising 3.3%, both in line with market forecasts.
While U.S. Federal Reserve Chair Jerome Powell indicated that there is no immediate need to accelerate rate cuts, the data has not changed the outlook for a modest reduction in interest rates next month.
Share this content:
Post Comment