Fed Accelerates 2024 Rate Cuts

This is a news story, published by Yahoo Finance, that relates primarily to The U.S. Federal Reserve news.

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interest rate futures traders

Reuters

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Fed to deliver three 25 quarter-point rate cuts this year; recession unlikely: Reuters poll

Summary

Nutrition label

80% Informative

The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024 , according to a slim majority of economists polled by Reuters .

The change in Fed rate cut calls follows a weaker-than-expected July jobs report, which encouraged interest rate futures traders to price in as much as 120 basis points of reductions in 2024 .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful