And suddenly, Fed’s urge to cut rates evaporates | MarketTalk: What’s up today? | Swissquote

Show notes

Federal Reserve’s (Fed) Jerome Powell, who leads a team that started cutting the interest rates with a 50bp point in September by fear that the US jobs market would deteriorate quickly and added another layer of 25bp cut last week, said that ‘the economy is not sending any signals that [they] need to be in hurry to lower the rates’. Maybe, the plans have changed after Trump’s election on rising inflation risks due to pro-growth policies and tariffs.
US yields and the US dollar continue to push higher, major peers test important technical levels, crude oil remains under pressure, while US indices start worrying about a hawkish readjustment in Fed expectations.
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