The Fed's big move warning!

Is a 25 basis point rate cut today a foregone conclusion?

The Fed's year-end drama is about to begin! At the last meeting of 2024, there are rumors of a rate cut, and the market predicts a 96% chance of a 25 basis point rate cut! Even the great Karshi has spoken, so this rate cut is almost a done deal!

Looking back on this year, the Fed has cut rates twice. If it cuts again today, the rate cut for the whole year will reach an astonishing 100 basis points! Do you think your wallet is going to get a little fatter? Haha, don't be too happy too early, the little goblin inflation is still at work!

The US inflation index is soaring, CPI, producer price index, personal consumption expenditure price index... Each one is like a wild horse that can't be pulled out of its reins! This has added a lot of trouble to the Fed's regulation of the economy, but the rate cut seems to have become a trump card in their hands. Can it stabilize the situation if it is played out? Let's wait and see!

When it comes to the job market, that's another story. Initial jobless claims, continuing jobless claims... These figures are reminding us that the job market is not as optimistic as we thought. Could a rate cut be the shot in the arm to revive the market?