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Fed to Hold Monetary Policy Meeting Next Week with Market Expectations for Rate Cuts

Federal Reserve

The Federal Reserve will hold a monetary policy meeting next week, and the market expects a possibility of interest rate cuts. Some important economic data has been delayed, including non-farm payroll data. The non-farm payroll data is released by the U.S. Bureau of Labor Statistics and mainly covers service and industrial positions in private enterprises as well as government jobs, accounting for about 80% of the total workforce. Non-farm payroll data, unemployment rate, labor participation rate, and average hourly wage are important indicators. The private sector job data compiled by ADP also has reference value

Current Affairs Knowledge | Non-Farm Employment Population

The Director of the National Economic Council at the White House, Kevin Hassett, predicts that the Federal Reserve's Open Market Committee will cut interest rates by 0.25 basis points at next week's monetary policy meeting. In an interview, he stated that the Fed Chair should respond to the data and maintain an optimistic outlook on the U.S. economic prospects. The Federal Reserve will hold a two-day meeting starting next Tuesday, with the results expected to be announced at 3 a.m. Hong Kong time next Thursday

White House advisor Hassett: Expects the Federal Reserve to cut interest rates by 0.25% at next week's meeting

Kevin Hassett, Director of the White House National Economic Council, stated that the Federal Reserve should cut interest rates by 25 basis points at next week's meeting and predicted that the Federal Open Market Committee would take this action. He mentioned that recent statements from Federal Reserve governors and regional presidents indicate their inclination to lower rates and hope to bring interest rates down to a lower level

Federal Reserve "potential" new chairman Haskett is expected to cut interest rates by 25 basis points next week

U.S. stocks closed mostly flat on Thursday as the market awaited the Federal Reserve's policy meeting. The number of initial jobless claims in the U.S. fell to a low point, indicating increasing signs of weakness in the labor market. The market expects the Federal Reserve to cut interest rates by 25 basis points at the meeting on December 10, with a probability of 87% for the rate cut. Bitcoin prices fluctuated as investors focused on layoff reports

Closing on December 5: U.S. stocks were basically flat on Thursday as the market awaited the Federal Reserve's policy meeting

The US Dollar Index experienced a sharp decline followed by a rebound during Thursday's US trading session, closing at 98.9624, up 0.10%. On Wednesday, it failed to maintain the support level of the 50-day moving average at 99.122, intensifying downward momentum. Market expectations for a rate cut by the Federal Reserve next week have increased, leading traders to potentially accelerate the selling of the dollar. The Federal Reserve's policy outlook indicates that the market's expected probability of a 25 basis point rate cut is 85%. Reports that White House advisor Kevin Hassett may replace Powell have heightened market concerns

Dollar Outlook: Short-term outlook is bearish, rebound attempts may be short-lived

The S&P 500 index is close to a new high but has failed to break through, with investors focusing on next week's Federal Reserve interest rate decision. The S&P 500 was nearly flat, the NASDAQ 100 index fell by 0.1%, and the Russell 2000 index rose by 0.8%. Despite a decline in unemployment claims, market expectations for a Federal Reserve rate cut remain high. Meta's stock price rose by 3.5% due to cuts in metaverse investments. Market enthusiasm for AI fluctuates, but optimism for easing policies persists. Analysts believe that market volatility may be significant in early December, with rate cut expectations driving gains in industrial, financial, and small-cap stocks

U.S. Stock Market: S&P 500 Index Stops Just Short of New High, Market Focuses on Whether There Will Be a Christmas Rally

The US dollar index rose slightly to 99, close to a more than one-month low. The market expects the Federal Reserve to cut interest rates after next week's meeting and will not issue hawkish signals. The euro fell 0.2% against the US dollar, the Japanese yen rose 0.2% against the US dollar, and the British pound fell 0.2% against the US dollar. The yield on the US 10-year Treasury rose to 4.1%, the 30-year Treasury yield approached 4.76%, and the 2-year Treasury yield exceeded 3.5%. Bitcoin fell nearly 2%, still above $90,000

The US dollar index stabilized above 99 but remains close to a more than one-month low

U.S. stocks were basically flat in late trading on Thursday, with the Dow Jones down 0.13%, the Nasdaq up 0.07%, and the S&P 500 down 0.04%. The market is focused on the Federal Reserve's interest rate cut prospects in December and labor market data. Last week, the number of initial jobless claims fell to the lowest level since September 2022. ADP data showed an unexpected decline in private sector employment in November, with the market predicting an 87% chance of a rate cut by the Federal Reserve next week. The technology sector performed the worst, with fluctuations in Microsoft's stock price

Fed to Hold Monetary Policy Meeting Next Week with Market Expectations for Rate Cuts

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