Inflation is close to 2%

Wed, 10/09/2024

by Ellie LeTu

Source: Financial Times

• Optimistic outlook

  • Inflation is close to 2%.

  • Unemployment rate decreases to about 4%.

• Debatable next cut

  • Fed’s projection shows more rate cut coming to hit 3.25-3.5% treasury yield.

  • Positive results in September report signal a less intense rate cut in November.

• Insights from the Fed

  • Fed’s New York and Dallas presidents stated that there would be smaller cuts at 25bps.

  • Fed’s Chair Powell stated that the economy did need a rate cut rush.