The Federal Reserve decides interest rates within days.. What are the markets waiting for?
The Federal Reserve’s Monetary Policy Committee meets (Accordingly, it becomes… "Almost certainly" To reduce "Federal" The interest rate fell to a range between 3.75% and 4%, making this the second cut in a row, while the market expects another cut in December by a quarter of a percentage point (25 basis points).
Thus all that remains is the official statement of the Open Market Committee, and the press conference of the Chairman of the Federal Reserve Board Jerome Powell, which will provide important signals about the future path of monetary policy.
Dual Duty
While inflation remains above the Federal Reserve’s 2% target, officials have grown increasingly concerned about the resilience of the labor market, as job creation has slowed to an almost complete halt in recent months. Monetary policy makers therefore face a dual task: keeping inflation low on the one hand, and raising employment rates on the other." target="_blank">The government shutdown, which caused a delay in important data such as the jobs report, will force the Federal Reserve to make its next decisions without relying on much data. The September CPI may be the last major economic data the Fed receives this month.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
