Jerome Powell

James

According to the latest information, the FED cut interest rates by 25 basis points as expected. 
After the interest rate decision, all markets will be at the press conference to be held by FED Chairman Jerome Powell at 22:30. We will also broadcast this meeting live to you as Bitcoinsistemi.com. 
James Ragan, director of asset management research at DA Davidson, said Powell’s outlook for the labor market could be a key focus of his meeting. “The biggest thing he could talk about is the labor market,” Ragan told CNBC, referring to a weaker-than-expected nonfarm payrolls report that showed only 12,000 jobs gained in October. 
Related News: <a href="https://en.bitcoinsistemi.com/new-all-time-high-price-record-in-bitcoin-critical-moments-ahead-of-interest-rate-decision-here-is-the-latest-data/" target="_blank" rel="dofollow">New All-Time High Price Record in Bitcoin! - Critical Moments Ahead of Interest Rate Decision - Here is the Latest Data</a> 
Markets largely attributed the lower figure to temporary factors such as the hurricane and a short-lived strike by Boeing workers, Ragan added. 
Powell’s comments will be watched closely, especially as investors look for signs that the Fed will cut rates by another quarter point in December. Market data currently suggests a 63% chance of a December rate cut, though some investors believe the Fed could delay the cut until early 2025. 
The Fed’s policy choices are complicated by President-elect Donald Trump’s proposed economic measures, including potential tax cuts and increased tariffs. These policies could contribute to inflation, complicating the Fed’s goal of keeping price pressures under control. 
<ul> 
 <li>The Fed says risks to targets are 'roughly balanced.'</li> 
 <li>FED: Labor market conditions have generally eased.</li> 
 <li>FED Sözcüsü lakaplı gazeteci Nick Timiraous açıklama yaptı: 
 <blockquote> 
 The Fed cut interest rates by 25 basis points, as expected. The decision was unanimous. The Federal Open Market Committee's statement showed little change. 
 </blockquote> </li> 
 <li>Fed statement: Inflation “made progress” toward 2% target, but remains high.</li> 
 <li></li> 
</ul> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-critical-fed-interest-rate-decision-announced/">BREAKING: Critical FED Interest Rate Decision Announced</a>

BREAKING: Critical FED Interest Rate Decision Announced

Bitcoin Sistemi EN

Other articles published on Nov 7, 2024

Bitcoin Surges Past $71,000: What Could be the Possible Reasons?

Trump’s return will benefit Gold and Bitcoin, says JPMorgan

BlackRock’s IBIT Hits $4.1B in Daily Trading Volume Following Trump’s Win

Bitcoin Price Surge Causes Major Loss for Whale During US Elections

Ripple’s Legal Chief Urges Trump to Support Cryptocurrency Development

XRP Price Projection: Possible 11% Decline Causes Investors To Move Into AI Coin For 17,000% ROI ...

Join our free newsletter for daily crypto updates!