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What's priced in for the Federal Reserve after today's rate cut
Key Takeaways (30s Read)
The FOMC cut rates by 25bps, and market focuses on future moves.
The FOMC has cut rates by 25 basis points, setting the Fed funds target range to 3.50% - 3.75%. The market anticipates a pause in January followed by slow cuts. The January 28 meeting shows a 22% implied probability of a cut, while an 85% chance of a cut is seen for April 29. Speculations suggest that the next cuts may occur in late 2024. Market participants should remain vigilant regarding potential reactions to economic data.
AI Analyst
AI Opinion
"The recent actions from the Federal Reserve heavily hinge on the economic landscape. The market reflects rising expectations for further rate cuts, especially looking toward 2024. However, as indicated by Powell’s cautious remarks, any cuts will depend significantly on economic data points. It's crucial to monitor indicators like job numbers and inflation rates closely, as they will guide market reactions. Traders must position themselves wisely to capitalize on these movements while remaining aware of the inherent risks."
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