🚨THIS IS WHY TRUMP’S ELECTION VICTORY WON’T STOP ANOTHER FED RATE CUT❗️
The Federal Reserve won’t alter its policy path on Thursday based on the recent election results, and is all but set to deliver a quarter-point interest-rate cut. The focus will be on what happens at the central bank’s next few meetings, and whether officials will slow the expected pace of rate cuts.
The Federal Open Market Committee (FOMC), which sets rate policy, began a two-day meeting on Wednesday, with an interest-rate decision due on Thursday at 2 p.m. ET. Fed Chair Jerome Powell will hold a press conference beginning at 2:30 p.m.
Fed officials will get a look at October and November inflation data and the November jobs report between now and then. If the data come in hotter than expected—raising questions about whether inflation and the labor market will continue to cool—the case could grow louder for skipping a December rate cut. Officials will also update the so-called “dot plot,” at that meeting, giving them a chance to signal the path of policy in 2025 and beyond.
Brace yourself! Market Volatility ahead❗️
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