2024-06-12 19:59:38

Federal Reserve Maintains Steady Interest Rates Amidst Speculation of Fewer Rate Cuts

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Following a strong jobs report, the Federal Reserve is expected to keep interest rates unchanged, with only one rate cut forecasted this year. Despite earlier expectations for multiple cuts, Fed Chair Jerome Powell highlights the importance of patience and data-driven decisions, maintaining a cautious approach towards confirming inflation.

Market participants are now anticipating a 0.25% rate cut in 2024, down from previous projections, amidst concerns over stubborn inflation and economic growth. The Fed's decision may impact various sectors like mortgages and credit cards, with consumers experiencing different effects depending on their financial situations.

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13. Juni 2024 um 00:32

ECB's expected rate cut may force Fed's hand

The European Central Bank is expected to cut its base rate, which may prompt the Federal Reserve to follow suit. Central banks in Canada, Sweden, and Switzerland have already reduced rates, citing concerns over economic growth and easing inflation worries. Lower interest rates outside the US could lead to a stronger dollar, impacting exports and potentially weakening the US economy.
Yahoo Finance
11. Juni 2024 um 17:30

The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts

The Federal Open Market Committee is likely to keep interest rates steady following a strong jobs report, with a 99.4% chance rates will remain unchanged. Despite previous forecasts for rate cuts, Fed Chair Jerome Powell emphasized the need for patience and data-driven decisions.
New York Times - Business
12. Juni 2024 um 15:38

How Fed Rates Influence Mortgages, Credit Cards and More

The Federal Reserve is expected to keep its benchmark interest rate unchanged until there are clearer signs that inflation is slowing down, potentially prolonging high interest rates. This affects consumers differently, with higher interest earnings for savers but challenges for those with credit card debt or seeking lower mortgage rates. Credit card rates are closely tied to the central bank's actions and may not fall as quickly as they rose.
New York Times - Business
12. Juni 2024 um 16:57

How to Read the Fed’s Projections Like a Pro

Federal Reserve officials are expected to release new economic projections and an interest rate decision, with Wall Street keenly watching for clues on potential rate cuts. After initially planning rate cuts in 2024, the outlook has shifted due to stubborn inflation. Investors will focus on the dot plot in the Summary of Economic Projections to gauge future policy direction.


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