Federal Reserve observers predict Powell will reach a consensus on a slight rate cut
Bitget2024/11/04 11:46
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Investors are anticipating that Federal Reserve Chairman Powell will lower interest rates by 25 basis points this week to keep the rate-cutting plan on track, despite some stubborn signs of inflation and mixed signals about the job market. "This week's FOMC meeting is a refreshing simple decision, the reasons for cutting rates still hold," said JPMorgan Chief Economist Michael Feroli in a report. Fed watchers expect that after a significant rate cut in September, Powell will reach consensus around a minor rate cut.
2
1
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Crypto prices
MoreBitcoin
BTC
$78,846.7
+0.63%
Ethereum
ETH
$2,502.66
+2.70%
Tether USDt
USDT
$1
+0.02%
BNB
BNB
$705.6
+1.78%
XRP
XRP
$1.41
-0.93%
USDC
USDC
$1.0000
+0.01%
Solana
SOL
$101.11
+4.84%
TRON
TRX
$0.3359
+0.07%
Hyperliquid
HYPE
$82.06
+2.79%
Zcash
ZEC
$811.1
+5.84%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now