Andrei Jikh, relaying another source: Fed policy rate will fall

Said on Aug 26, 2024, at 13:33 in the video.

What was said
Andrei Jikh

@andreijikh

“the market is predicting that the Federal Reserve will lower interest rates in September and it's pricing in four interest rate cuts”
Watch at 13:33The Dollar Is Crashing (How Your Retirement Could Be At Risk)
PredictionFed policy ratewill fall
What happened
Relayed

Somebody else's forecast — not scored

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
−2%0%2%4%6%202120222023202420252025Said on Aug 26, 2024
−2%0%2%4%6%2021202320242025Said on Aug 26, 2024

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked

Somebody else's forecast — not scored

What was said around it

the last year in other words the US economy actually created almost 1 million less jobs than what was first reported and that is the single biggest revision since the year 2009 so now that this news has come out about these weaker jobs which points to a slowing economy this is also another reason why the dollar could be getting weaker and because the economy is getting weaker the Federal Reserve wants to make sure we don't go into a full-blown recession which is one of the reasons why interest rates could be coming down in fact the market is predicting that the Federal Reserve will lower interest rates in September and it's pricing in four interest rate cuts and a lower interest rate attracts less money to be parked into us treasuries and assets which means a weaker dollar but economists also theorize that a weaker dollar could help with employment but it depends on a lot of factors now if you made it this far into the video here's what I personally think if you watched my video last week before the revision was announced I said exactly that in my video this year we're in an election year so all the numbers that I'm seeing reported by the government I tend to think the real numbers

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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