HomeFinancial MarketsEconomists Increasingly Confident of Fed Rate Cut

Economists Increasingly Confident of Fed Rate Cut

Economists appear to be becoming increasingly confident that the Federal Reserve could be on the verge of introducing interest rate cuts. With the Fed’s two-day policy meeting commencing on Wednesday, investors are pricing around a 50% chance that the central bank will implement its first rate cut around March.

All eyes are on Fed Chair Jerome Powell’s press conference, with markets waiting eagerly for signs of the Fed’s policy direction going forward. “The stage is set for the Fed to take steps toward cutting rates in coming months. We expect the Fed to begin lowering the federal funds rate target range in March as it attempts to stick a soft landing,” Bloomberg Economics wrote.

The Fed’s policy trajectory will also be guided by more US economic data ahead. On Friday, the US monthly jobs report is due, while job openings and consumer confidence data are due on Tuesday. A quarterly employment cost index is scheduled to be released on Wednesday.

Delta CEO Ed Bastian Predicts Further Rise for the Company’s Stock

The majority of the airlines around the United States have been recently going through a period of struggles. One notable exception is Delta Air...

Shares of Palantir Technologies Plunge After a Downgrade From Monness, Crespi, and Hardt

Data-analytics software company Palantir Technologies saw its stock enjoy an admirable run since 2023 amid the ongoing artificial intelligence frenzy. However, it appears that...

Spotify Launches a New Subscription Plan for Users in the U.S.

The music streaming platform Spotify announced it would roll out a new subscription plan for its users in the United States. The news comes...