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.

The Street
1. August 2024 um 19:48

With Fed set to cut rates, this money move may pay off TheStreet Daily Newsletter

Finance
Economy
Cash has been a lucrative investment, yielding 5% or more, but the Federal Reserve may soon cut rates, potentially reducing yields to around 4.5%. Investors can lock in current rates through CDs, individual bonds, or bond funds that may benefit from rising prices as rates fall. The Fed has raised rates by 5.25 percentage points and may cut by 25 basis points.
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.
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..
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