Fed seen cutting rates another 50 bps in November
- Posted on September 28, 2024
- By Business News Today
- 4 Views
Fed seen cutting rates another 50 bps in November
The Federal Reserve is expected to deliver another 50-basis-point interest rate cut in November after U.S. inflation showed signs of cooling. Traders are betting on a policy rate reduction, currently at 4.75%-5.00%, to reach 3.00%-3.25% by mid-2025, aligning with the Fed's neutral rate target.
