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Already in three hours - the decision of the US Federal Reserve on the interest rate.
According to #CMEGroup, the expectation of a reduction in the US Federal Reserve interest rate on December 18 by 0.25 percentage points has increased from 94.7% to 98.6% since December 12.
This means that these expectations, given such unanimity, are already priced into the market.
At the same time, #Bloomberg reports that economists expect fewer cuts to the Federal Reserve rate in 2025. Firstly, due to rising inflation (it cannot be defeated, no matter how brave Powell may be), and secondly, due to concerns over new trade tariffs as part of Trump's economic initiatives.
#TheEconomist writes that the current US macro data indicates a persistent "stickiness" of inflation, which threatens the monetary and political stability of the States.
That is - there is a likelihood that after this rate cut, the US Federal Reserve will take a pause in reductions for some period. And if Powell's speech today hints at this scenario in any way - it will be negative for risk assets.
According to #CMEGroup, the expectation of a reduction in the US Federal Reserve interest rate on December 18 by 0.25 percentage points has increased from 94.7% to 98.6% since December 12.
This means that these expectations, given such unanimity, are already priced into the market.
At the same time, #Bloomberg reports that economists expect fewer cuts to the Federal Reserve rate in 2025. Firstly, due to rising inflation (it cannot be defeated, no matter how brave Powell may be), and secondly, due to concerns over new trade tariffs as part of Trump's economic initiatives.
#TheEconomist writes that the current US macro data indicates a persistent "stickiness" of inflation, which threatens the monetary and political stability of the States.
That is - there is a likelihood that after this rate cut, the US Federal Reserve will take a pause in reductions for some period. And if Powell's speech today hints at this scenario in any way - it will be negative for risk assets.
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