Express
Fed lowers target range to 3.5%-3.75% after rate cut, may continue to be flexible until 2026
Summary: According to sources, investors are closely watching the upcoming release of the December meeting minutes by the Federal Reserve, which will detail the decision-making process behind the Fed's approval of a 25 basis point rate cut, bringing the federal funds rate target range down to 3.5%-3.75%. This rate cut marks the third one this year, ...
According to sources, investors are closely watching the upcoming release of the December meeting minutes by the Federal Reserve, which will detail the decision-making process behind the Fed's approval of a 25 basis point rate cut, bringing the federal funds rate target range down to 3.5%-3.75%. This rate cut marks the third one this year, with internal disagreements among decision-makers. Ian Lyngen, head of US rate strategy at BMO Capital Markets Fixed Income Strategy Team, expects the Fed to maintain a flexible stance until the interest rate meeting on January 29.
Tags:
Link: Fed lowers target range to 3.5%-3.75% after rate cut, may continue to be flexible until 2026 [Copy]
