• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Still “reasonable” to consider 25 bps cut in December- Fed’s Kashkari

by November 26, 2024
written by November 26, 2024

Investing.com– Federal Reserve Bank of Minneapolis President Neel Kashkari told Bloomberg TV on Monday that it was still appropriate to consider another quarter-point interest rate cut in December. 

Kashkari said policymakers were still considering a 25 bps rate reduction in the Fed’s final meeting for the year. “It’s still a reasonable consideration,” he told Bloomberg TV. 

“Right now, knowing what I know today, still considering a 25-basis-point cut in December — it’s a reasonable debate for us to have.”

Kashkari’s comments come amid some doubts over whether the Fed will cut rates again in December, especially as recent economic readings showed stickiness in inflation and resilience in the U.S. economy. The labor market was also seen running strong in recent weeks.

Fed Chair Jerome Powell had struck a cautious note during a recent address, sparking more doubts over a December cut, which will bring the Fed’s total rate cuts to 1% in 2024. 

Traders were seen pricing in a 61.3% chance for a 25 basis point cut in December, and a 38.7% chance rates will remain unchanged, according to CME Fedwatch. 

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
US charges top portfolio manager, former Wamco co-CIO Kenneth Leech, with fraud
next post
Explainer-What is fluoride and why is it added to the US water supply?

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Judge clears way for Musk appeal to try to restore $56 billion Tesla pay
    • US regulator sues Berkshire-owned lender for making risky home loans, missing red flags

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy