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consequential Federal Reserve meetingsReuters
•81% Informative
The Fed delivered a 50 basis point rate cut on Wednesday - lowering borrowing costs for the first time in more than four years .
The degree to which Powell 's outlook pans out is likely to be a key factor in the trajectory of stocks and bonds for the remainder of 2024 .
The Fed said it expects the Fed funds rate - currently in the 4.75% to 5% range - at 3.4% by the end of next year .
Some point to the outcome of the U.S. presidential election as potentially complicating the path for rate cuts.
Trade wars could be negative for fixed income, says Andrzej Skiba , head of UBC Global Asset Management .
"That would be inflationary and limit the Fed 's ability to cut rates," he says.
VR Score
92
Informative language
98
Neutral language
76
Article tone
formal
Language
English
Language complexity
51
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
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