Yahoo Finance | Fed likely to cut by 25 bps in November: Fmr. Fed pres. @YahooFinance | Uploaded October 2024 | Updated October 2024, 1 week ago.
Investors eagerly await Friday's September jobs report, which will provide insights into the Federal Reserve's monetary policy trajectory. Former Federal Reserve Bank of Atlanta President Dennis Lockhart joins Market Domination to analyze what this data means for investors. Lockhart explains that the Fed currently views the employment situation as "solid" with unemployment at "an acceptable level." He notes that monthly job gains continue at a moderate pace, and "they want to preserve that." According to Lockhart, tomorrow's jobs report will be scrutinized for any potential "cracks" in the labor market that the Fed may have overlooked. Regarding potential rate cuts at the Fed's next meeting, Lockhart acknowledges that "there's a case to be made for both" a 25 or 50 basis point reduction. However, he elaborates, "I think the difference of sentiment out there is sort of how weak the labor market might be, and I don't believe the committee views it as extraordinarily weak, so I think that would probably call for a 25 basis point cut in November."
#stockmarket #fed #investing
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Investors eagerly await Friday's September jobs report, which will provide insights into the Federal Reserve's monetary policy trajectory. Former Federal Reserve Bank of Atlanta President Dennis Lockhart joins Market Domination to analyze what this data means for investors. Lockhart explains that the Fed currently views the employment situation as "solid" with unemployment at "an acceptable level." He notes that monthly job gains continue at a moderate pace, and "they want to preserve that." According to Lockhart, tomorrow's jobs report will be scrutinized for any potential "cracks" in the labor market that the Fed may have overlooked. Regarding potential rate cuts at the Fed's next meeting, Lockhart acknowledges that "there's a case to be made for both" a 25 or 50 basis point reduction. However, he elaborates, "I think the difference of sentiment out there is sort of how weak the labor market might be, and I don't believe the committee views it as extraordinarily weak, so I think that would probably call for a 25 basis point cut in November."
#stockmarket #fed #investing
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: twitter.com/YahooFinance
Instagram: instagram.com/yahoofinance/?hl=en
TikTok: tiktok.com/@yahoofinance?lang=en
Facebook: facebook.com/yahoofinance
LinkedIn: linkedin.com/company/yahoo-finance
