Traders bet big on Fed rate cut
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6hon MSN
Fed’s Beige Book Shows Cooling Labor Market, Softer Spending Ahead of December Rate Decision
The Federal Reserve’s latest Beige Book illustrates softening consumer spending and a labor market that has lost some momentum. Those points could give the central bank more leeway to lower interest rates at its final meeting of the year.
2don MSN
No Jobs Data, No Fed Meeting? The Central Bank's December Interest Rate Decision Just Got Harder
The Federal Reserve's next rate move may hinge on delayed employment data, which won't be released until after its next scheduled rate cut decision.
Available data indicate the U.S. job market remains weak enough to warrant another quarter-point rate interest rate cut at the U.S. Federal Reserve's December 9-10 meeting, though action beyond that will depend on an upcoming "flood" of data issued as U.
Wednesday, Dec. 10, could turn out to be a very big day for the stock market and equity investors. That's the day the Federal Reserve's interest-rate-setting committee -- the Federal Open Market Committee (FOMC) -- will convene its final meeting of the year and announce whether it will cut its benchmark interest rate one last time in 2025.