Jin10 data reported on October 30th that the Fed has announced another interest rate cut, continuing efforts to prevent the recent slowdown in hiring from evolving into a more serious problem. The latest 25 basis point cut will bring the Fed's benchmark interest rate down to a range of 3.75% to 4%, the lowest level in three years, below the peak of about 5.4% that the Fed maintained for much of last year. However, the ‘easiest part’ of reversing the aggressive rate hike cycle may have already ended. As officials debate the extent of further rate cuts, this tricky task has become even more complicated due to data interruptions caused by the government shutdown. Former Fed senior advisor William English stated that the lack of timely and comprehensive data means “they have not learned much new since September, which makes their speculation closer to the position in September, but the range of uncertainty around that position has widened.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
