Incoming president Trump’s policy agenda on tariffs and taxes looms over the Fed’s outlook, though Fed chair Powell called it “premature” to assess any impacts
US Federal Reserve
Latest in US Federal Reserve
Donald Trump
Donald Trump says he won’t try to oust Fed Chief Powell in second term
Trump added that he didn’t think Powell, who he has sparred with in the past over interest rate levels, would go quietly
Donald Trump
US Fed will make ‘quarter per quarter’ total cuts of 100bps in 2025: UBS
However, there is potential for President-elect Donald Trump’s policies to slow inflation reduction
inflation
US Fed Chair Powell says no need to hurry rate cuts with economy strong
Powell’s remarks prompted traders to pare back expectations for a December rate cut
US Election 2024
Wall Street slips as uncertainty surrounds US election, Fed move
Some of the so-called “Trump trades” unwound after a recent poll showed Harris, the Democratic vice president, leading in Iowa, sparking a drop in the US dollar, Treasury yields and bitcoin
inflation
US Fed seen delivering 25 bps cut next month after inflation data
The increased speculation comes after a government report showed inflation last month was a bit firmer than expected
Abu Dhabi
UAE real estate: Fed rate cut spells good news for Dubai homebuyers as mortgage rates set to drop
The Fed’s 0.5% rate cut puts UAE homebuyers in line for lower mortgage rates and an affordability boost
economic outlook
US Fed’s bold 50bps cut a signal to get ahead of the curve, cushion the economy against potential shocks: Experts
A section of market participants, however, sees the aggressive easing as a sign of panic, potentially fuelling volatility and uncertainty in financial markets
Federal Reserve
Federal Reserve cuts rate by half a point, focusses on job growth
US Federal Reserve announces first rate cut in more than four years and seen as a step towards fostering the job market
inflation
US Fed poised for first rate cut since 2020 amid economic shifts
The two-day meeting, which will begin tonight, is expected to result in a decision to cut interest rates for the first time in over four yeras
European Central Bank
Gold hits record highs on ECB rate cut, US Fed easing optimism grows
The ECB’s decision to implement its second rate cut in three months has fueled investor optimism about declining global interest rates
Bitcoin
Fed rate cut: Cryptocurrency market holds breath for US payroll data as interest rate drop looms
The US’s upcoming jobs report is expected to have a significant impact on the cryptocurrency market, a month after disappointing results led to a market meltdown across the globe
consumer confidence
US consumer confidence inches up in August in yet another data favouring an immediate rate cut
The Conference Board’s consumer confidence index increased to 103.3 this month, the highest level since February, from an upwardly revised 101.9 in July
crude oil price
Oil prices to spike, gold faces high volatility amid potential US Fed interest rate cut
The rebound in oil prices could be short-lived as concerns over demand and a potential supply surplus loomed large
inflation
US Fed policymakers push for interest rate cuts as job market cools
The US central bank is widely expected to begin reducing its benchmark policy rate at its upcoming meeting on September 17-18
inflation
Fed officials confident inflation is cooling enough for interest rate cuts
Experts believe inflation is headed to the Fed’s 2% goal in light of recent “encouraging” data
Financial Market
Markets meltdown: Global stocks plummet amid recession fears, Fed policy conerns
The sell-off, which began last Friday following disappointing US jobs data, has since spread to markets across Europe, Asia, and the Middle East