Reserve

Jerome Powell

Chair

April

<ul class="wp-block-list news-points"> 
 <li>Analyst Brett Eth links the Fed’s anticipated rate cut to 2007.</li> 
 <li>Fed Chair Powell hints at a rate reduction amid a cooling U.S. job market and nearing inflation target.</li> 
 <li>Global markets respond mixedly to potential rate cuts.</li> 
</ul> 
Market analyst Brett Eth has drawn parallels between the Federal Reserve’s anticipated September 18, 2024, rate cut and a similar move in 2007. Brett noted that while Federal Reserve rate cuts often lead to long-term market gains, they can trigger short-term declines. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 2007 – Fed rates were 5.25% at the timing of the first-rate cut – Between Sept 18, 2007, and April 30, 2008, the Fed cut rates 7 times taking the rate down to 2%. 2024 – Fed rates are 5.25-5.5% – Rate cuts should begin on September 18th. Current probabilities show 9 potential… <a href="https://t.co/nxzCrGmd6d" target="_blank" rel="nofollow">https://t.co/nxzCrGmd6d</a> <a href="https://t.co/8P0YmLNnbT" target="_blank" rel="nofollow">pic.twitter.com/8P0YmLNnbT</a>— Brett (@brett_eth) <a href="https://twitter.com/brett_eth/status/1828165195954294811?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 26, 2024</a>
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Fed chair Jerome Powell recently <a href="https://www.forbes.com/sites/simonmoore/2024/08/27/markets-firmly-expect-the-fed-to-cut-rates-on-september-18/" target="_blank" rel="nofollow">hinted</a> at a rate cut in September, expressing confidence that inflation is approaching the Fed’s 2% target. This comes as the U.S. job market cools down, hinting at a possible economic slowdown. Anticipated inflation data, due on Friday, is predicted to be mild, further strengthenin…
The post <a href="https://coinedition.com/fed-rate-cut-looms-will-markets-echo-2007s-short-term-pain/">Fed Rate Cut Looms: Will Markets Echo 2007’s Short-Term Pain?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Fed Rate Cut Looms: Will Markets Echo 2007’s Short-Term Pain?

Coin Edition

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