Today, September 18th, 2024, marks a pivotal moment for the US economy as the Federal Reserve (Fed) convenes for its highly anticipated Federal Open Market Committee (FOMC) meeting. This gathering holds significant weight as it is widely expected to usher in the first interest rate cut in over four years, a move aimed at bolstering…
Wall Street navigated a tumultuous week of trading, ultimately ending the period near its starting point. The market’s gyrations reflect the ongoing uncertainty surrounding the economic outlook and the Federal Reserve’s monetary policy. This week’s economic calendar is packed with data that will provide crucial insights for investors. The July Consumer Price Index (CPI) and…
The latest employment figures have injected a dose of apprehension into the financial landscape, as the Federal Reserve’s rate strategy comes under renewed scrutiny. A modest addition of 114,000 jobs in July, falling short of analysts’ expectations, has rekindled concerns about a potential delay in the central bank’s efforts to lower interest rates. The subdued…
The Federal Reserve, under the leadership of Chair Jerome Powell, has embarked on a resolute campaign to subdue inflation, resulting in interest rate increases reaching their highest point in two decades. This decisive action has reverberated throughout the economy, inducing a deceleration in growth and prompting apprehensions regarding the possibility of a recession. The timing…
