Fed Interest-Rate Cut Still Likely After Trump's Win but December Is Open -- Market Talk
Dow Jones2024-11-07
0754 GMT - The Federal Reserve is still likely to cut interest rates by 25 basis points Thursday after Donald Trump's presidential election win, Citi's Jamie Searle and Aman Bansal say in a note. A rate cut in December, however, is more of an open question. Fed Chair Jerome Powell may downplay the policy implications of Trump's victory for now, although there are concerns that Trump's plans could stoke inflation. Another rate cut when the economy looks solid and fiscal stimulus lies ahead raises questions, the strategists say. The two-year U.S. Treasury yield falls 3 basis points to 4.236%, reversing a little of Wednesday's sharp selloff, according to Tradeweb. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
November 07, 2024 02:54 ET (07:54 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
