Coin Bureau, relaying another source: Fed policy rate will fall

Said on Sep 25, 2024, at 8:54 in the video.

What was said
Coin Bureau

@coinbureau

“since fed members expect interest rates to be at around 4.5% at the end of the year and given that there are two more fed meetings left between now and then this implies a 25 basis point cut at each one”
Watch at 8:54New All Time Highs Coming SOON?? Fed Rate Cuts Explained!
PredictionFed policy ratewill fallby Dec 31, 2024
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%202120222023202420252026Said on Sep 25, 2024
−2%0%2%4%6%2021202320242026Said on Sep 25, 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

sign that the FED is more concerned about a recession than it lets on and you can learn more about whether we're in a recession and what it could mean for your portfolio using the link in the description now once Jerome's speech was finished the question period began the first reporter to ask questions was from CNBC they asked Jerome a whole load of questions which can be summed up as will you cut by 0.5% again at the next meeting Jerome said it depends on the data but the sep is their base case since fed members expect interest rates to be at around 4.5% at the end of the year and given that there are two more fed meetings left between now and then this implies a 25 basis point cut at each one but again this will depend on the unemployment and inflation data that comes out between now and then after a pointless question from a reporter at the Associated Press a reporter from Reuters asked one of the most important questions of the bunch was there consensus among fed officials to cut rates by 50 basis points for those unaware one fed official objected the first objection since 2005 Jerome said that most fed members still supported Cuts but there's more to this story as you'll see in a

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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