#fomc
#fomc
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fromFortune
2 weeks agoWall Street is on tenterhooks about the Fed's 'rare, genuinely suspenseful' December meeting, because the committee itself doesn't know what to make of the data-or of each other | Fortune
If the market doesn't seem sure whether or not to expect a base interest rate cut next month, it's not alone-members of the Federal Open Market Committee (FOMC) themselves may have little clue which way the vote is going to go. In the run-up to this week, the mood was one of disappointment that the FOMC wouldn't deliver a final cut for 2025, an action many analysts had priced in since this summer.
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US politics
fromFortune
1 month agoHopes for a December rate cut are fading fast despite labor fears-Jerome Powell will have his work cut out attempting to unite the Fed | Fortune
FOMC members are cautious, reducing chances of a final 2025 rate cut as shutdown-driven labor weakness, sticky inflation, and employment goals create policy uncertainty.
US news
fromFortune
1 month agoYou can expect a 25 bps cut from the Fed, says Wall Street, but little economic insight from Powell-after all, he doesn't have much to go on | Fortune
FOMC will likely confirm a 25 bps rate cut today despite limited government data from the shutdown, leaving Powell with less economic insight.
from24/7 Wall St.
1 month agoZ-Cash Is Outperforming Bitcoin (BTC) and Other Currencies Right Now
Crypto markets continue to struggle on the back of the FOMC meeting this past Wednesday. Fed Chair Powell's comment of no guarantee of cuts in December has had markets reeling, with Bitcoin beginning to recover today, trading above its 200 day SMA at around $110,000 at this time of writing. But Bitcoin's recovery is not as significant as Z-Cash, the crypto story of the moment.
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