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Wall Street banks split on interest rate forecasts for 2024

Interest rates in the United States have soared since the beginning of 2022, as the U.S. Federal Reserve (Fed) aimed to carefully manage inflation without disrupting the overall economy through rate hikes.

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Dollar forecasts see vulnerable USD in 2024 if Fed pivots

The Federal Reserve's unexpected dovish shift in December has strengthened the case for the ongoing depreciation of the dollar into 2024 — although the resilience of the U.S. economy may act as a limiting factor on the greenback's decline.

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Bank of Israel makes first interest rate cut since 2020

On Monday, the Bank of Israel (BoI) reduced short-term borrowing rates for the first time in almost four years, making it the first developed country to ease monetary policy, while stressing the need for fiscal discipline as Israel grapples with increased spending during the war with Hamas.

Soft May US inflation reading welcome news for Federal Reserve

May’s softer US inflation data keeps Fed cut hopes alive

US inflation showed no month-on-month increase in May — a welcome sight for the Federal Reserve as it seeks to bring back inflation to its 2% target.
Federal Reserve anticipates only one interest rate cut this year

Federal Reserve forecasts only one interest rate cut in 2024

The U.S. Federal Reserve announced on Wednesday that inflation had moved closer to target, adding that it anticipated only one interest rate cut in 2024.

Fed holds interest rates steady at 5.50%

in this article, we talk about the central bank floated the idea of lowering borrowing costs at its September meeting, spurring a rally in stocks.

Kamala Harris set to name her running mate

in this article, we talk about the American presidential elections and its impact on the markets

US weekly jobless claims drop in latest week

The number of Americans filing new applications for unemployment benefits fell more than expected last week, calming fears the labor market was unraveling and reinforcing that a gradual softening remains intact.

Fed's Bostic: Considering a Rate Cut, but Seeking More Data

Atlanta Fed President Bostic said that it may be "time to consider" a rate cut, but he is still seeking more data to support the need for lowering rates next month.

Big banks are getting more aggressive with their regulators

When JPMorgan Chase (JPM) told investors this month about a possible Consumer Financial Protection Bureau enforcement action targeting bank-owned payments app Zelle, it also offered a warning to those same regulators.

If interest rates are not lowered soon, the U.S. may face a recession

Macquarie strategists stated in a report on Wednesday that if the Federal Reserve does not cut interest rates, the U.S. economy will face the risk of a recession. Their assessment is based on U.S. employment data and consumer confidence.

July PCE Inflation Report: Fed's Preferred Gauge Rises

The Bureau of Economic Analysis released the Federal Reserve’s preferred gauge of prices—the personal consumption expenditures, or PCE, price

Non-farm payrolls might lead to a turnaround

Non-farm payrolls or a strong performance of the dollar might lead to a turnaround; options traders are shifting to a bearish outlook on the euro

September’s volatility is treacherous for traders around the world

September has traditionally been a terrible month for traders and risks being even harder to navigate in 2024 given lingering questions about the Fed’s anticipated interest-rate cut.

Goldman Sachs: A Trump Victory Would Hurt U.S. GDP

Goldman Sachs warns that if Trump wins, U.S. GDP could be dragged down by as much as 0.5% in the second half of next year.

Global stocks fall amid fears of economy recession

Financial markets in Asia and the U.S. have plunged amid fears that the world's largest economy may be on the brink of a recession.

Strategists: Brace for a Recession, as the Fed May Be Powerless to Prevent It

Strategists at a Canadian investment research firm have warned that the S&P 500 could drop by 30% in the event of a recession.

Explosive Nonfarm Payrolls Action Imminent!

The nonfarm payrolls report could act as a catalyst for the yen's continued rise, potentially driving it past the levels reached during the global market turmoil on August 5.

Will an interest rate cut provide a significant boost to oil prices?

With an interest rate cut imminent and expectations of a 50-basis-point reduction heating up, oil traders (and presidential candidates) are holding their breath in anticipation.

Yellen: No red lights flashing for the U.S. economy

The surge in gold of $51 on August 16 took gold futures well above $2500 per ounce for the first time in history.

Economic Calendar for 9 – 13 September 2024

The following table is important global economic data from 9 – 13 September 2024 as traders and investors are keeping an eye on GDP, inflation, EU’s rate decision, and trade data.

U.S. consumers are gradually becoming more optimistic

For months, economists have been grappling with the disconnect between strong economic performance and people's negative perceptions of their personal financial situations. The persistent negative sentiment about the economy appears to be coming to an end.

The effects of the Federal Reserve's interest rate cuts become evident

Southeast Asian stock markets have solidified their position as the most favored investment targets for fund managers amid the Federal Reserve's policy shift. Four out of the five best-performing Asian stock indices this month are from the region, with Thailand leading the pack.

What’s likely to move the stock market in the next trading session

US stocks reversed early losses to close higher on Wednesday as investors digested an inflation report that showed consumer price increases ticked lower in August.

Fed Cuts Interest Rates For First Time In 4 Years

On Wednesday, the Federal Reserve made the anticipated decision to implement its first interest rate cut in years. This move is set to significantly affect the finances of Americans, making borrowing less expensive. However, it likely signals the end of the era of high-yield savings options.

Fed rate cut leads to new record highs for stocks and gold

Asset traders were in full risk-on mode following yesterday’s surprise 50 basis point rate cut from the Fed as stocks, cryptos, gold, and silver all trended higher on Thursday.

JPMorgan forecasts that the Federal Reserve may cut interest rates by 50 basis points in November

JPMorgan anticipates that the Federal Reserve may implement another significant rate cut in November, potentially reducing rates by 50 basis points. The bank, which had predicted a half-point cut this week, believes that further cuts are likely if the labor market shows signs of weakness. While some other Wall Street firms have adjusted their forecasts, JPMorgan remains confident in its prediction, provided that labor data supports this outlook.

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