|
Economy
|
Fed Holds Policy Steady, Expresses Caution on September Rate Cut
2024-08-01 09:00:08
Markets
Economy
Finance

Fed Holds Policy Steady, Expresses Caution on September Rate Cut

The Federal Reserve has decided to keep interest rates unchanged, citing concerns about elevated inflation and uncertainty in the economic outlook. Despite expectations of a rate cut, Fed Chair Powell stated that no decisions have been made.

The central bank remains cautious about easing policy, given that inflation is still above its target of 2%. The decision led to a rise in bond yields and the dollar, while bitcoin experienced a slight decline.

U.S. stocks, on the other hand, rallied. Looking ahead, markets are anticipating a potential rate cut by the end of the year, with a near-60% chance of 75 basis points in rate cuts by December.

Furthermore, investors are closely watching for hints from the Fed about future rate changes and its confidence in inflation data. Overall, the central bank's decision reflects a more cautious stance on monetary policy.

Related news on that topic:

Investors Analyze Central Bank Meetings as Fed Considers Rate Cut ... in September

Investors are closely analyzing the upcoming meetings of the Federal Reserve, the Bank of Japan, and the Bank of England as monetary policy decisions have become key drivers of the market. While there is some expectation that the Fed will cut rates in September, the market consensus still points to a delay until then. The Fed is closely monitoring inflation prospects and the labor market, and more evidence of disinflation is needed before implementing a less restrictive monetary policy. The main risk is the November presidential elections, as the possibility of President Trump's return to the White House and a sharp increase in import tariffs could limit the Fed's room for maneuver. Despite the uncertainty, some experts are optimistic and expect interest rates in the US to fall twice this year and to be cut once a quarter in 2025. The decision on rate cuts will also impact other countries, such as Hong Kong, which is closely following the Fed's monetary policy. While the Bank of Japan has hiked interest rates, the potential dovish turn of the Federal Reserve could contribute to a rebound in stock markets. Overall, investors are eagerly awaiting the central banks' decisions and communication regarding future rate cuts.

US Federal Reserve (Fed) Keeps Interest Rates Steady, Hints at ... in September

The US Federal Reserve (Fed) has announced that it will maintain its key interest rates at the current levels, indicating a potential rate cut in September. While inflation has been declining, it still remains above the Fed's 2% target. The Fed has been cautious in easing its policies, despite previous rate hikes, in order to balance inflation and employment. The decision comes amidst an uncertain economic outlook and potential political pressure. Fed Chair Jerome Powell expressed optimism but emphasized the need for careful consideration. The market reacted positively, with bond yields and the dollar rising, and stocks rallying. The Fed's next meeting in September will provide further insights into possible rate cuts. Meanwhile, in Japan, the central bank raised its policy rate to 0.25% in an effort to strengthen the yen and mitigate rising import prices. The Bank of England is also facing a challenging decision on a potential rate cut, as inflationary pressures persist while the job market cools in certain sectors.

Read 27 more recent news on this topic

The press radar on this topic:

CoinDesk
31. Juli 2024 um 18:09

Fed Holds Policy Steady, Expresses More Caution Than Expected on September Rate Cut

Finance
Economy
Politics
The Fed left rates unchanged, citing elevated inflation, though the economic outlook remains uncertain. Bond yields and the dollar rose, while bitcoin edged lower. U.S. stocks rallied. The Fed has been cautious to ease policy despite historic rate hikes, as inflation remains well above its 2% target. Markets had priced in a September rate cut, but Powell said no decisions have been made. Looking ahead, markets had priced in a near-60% chance of 75 basis points in rate cuts by the Fed's final m..
The Street
2. August 2024 um 15:45

Fed hints at next interest rate move, sees 'progress' on inflation TheStreet Daily Newsletter

Economy
Finance
Politics
The Federal Reserve's Open Market Committee left rates unchanged at 5.25%-5.5%, the highest in 22 years, after its two-day policy meeting in Washington. The Fed noted 'some' progress on inflation and said it would be 'attentive' to its twin mandate of price stability and full employment. Fed Chair Powell said the labor market is 'slowly' normalizing and the Fed is 'prepared to respond' if it weakens. U.S. stocks extended gains, the 10-year Treasury yield rose slightly, and 2-year yields gained..
New York Times - Economy
31. Juli 2024 um 22:42

What to Watch as the Fed Meets on Wednesday

Economy
Finance
Politics
Fed to hold 5.3% rate to slow growth, curb inflation. Investors focused on hints about future rate changes in statement, Powell presser after two-day meeting. Economists expect Fed to signal potential Sept. rate cut as inflation cools from peak. J.P. Morgan's Feroli sees possible statement tweak on inflation confidence. Inflation still above 2% target.
Cointelegraph.com News
1. August 2024 um 02:48

Bitcoin slips below $65K as Fed holds rates, hints at September cut

Finance
Economy
Politics
Bitcoin drops below $65K as Fed holds rates, amid Middle East tensions and Hamas leader assassination; September rate cut likely if inflation data matches Fed forecast, boosting Bitcoin and altcoins per Moody's and trader expectations.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact