The Federal Reserve’s policy-making arm, the Federal Open Market Committee (FOMC), will likely shift from the aggressive interest rate cut during its September meeting to a moderate cut in its November meeting, to be held on Nov. 6 and Nov. 7. However, the path to lower interest rates remains to be determined, as mixed data complicate the job of the nation’s central bank.
As of Nov. 1, the CME’s FedWatch Tool, which monitors the likelihood of changes in the federal funds rate, pointed to a 98.9 percent probability of a 25 basis-point cut.
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This probability has risen from 67.9 percent a month ago to 95.1 percent a week ago. At the same time, the likelihood of another sizable 50 basis-point cut, which occurred in September, dropped from 4.9 percent a week ago to 1.1 percent on Nov. 1.
The forecasts from market experts align with the FedWatch’s forecast of a moderate 25 basis-point cut.
“The Federal Reserve is likely to err on the side of caution and reduce interest rates by another 25 basis points in November, given the difficulties of accurately interpreting incoming labor market data,” Noah Yosif, chief economist at the American Staffing Association, told The Epoch Times in an email. […]
— Read More: www.theepochtimes.com
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Post-Election Predictions: This Time, Violence May Be Worse Than 2016
by Red State
We’ve been kicking around a lot of pixels over the election, and as it grows nigh, there have been many discussions about what happens next – especially if Donald Trump wins. In 2016, there were protests. 2020’s “Summer of Love” riots, looting, arson, and yes, insurrection were another step towards…
The $15 Billion Biden-Harris Scandal Nobody Is Talking About
by Issues & Insights
We have no doubt that, in the years to come, the media will describe the Biden-Harris administration as “scandal-free.” But that’s only because for the past four years they’ve vigorously ignored any and all scandals. Case in point is the $15 billion giveaway that Biden-Harris snuck through this summer without…
Will Gold and Silver Prices Drop if Donald Trump Wins?
by Sponsored Post
It’s well-established among economists that if Kamala Harris wins the presidential election, gold and silver will likely shoot up in value. But what if Donald Trump wins? With his chances of victory increasing, should gold and silver owners sell now because values will drop during his second term? “Considering everything…
It Is Beginning to Look Like a Debt Emergency
by Zero Hedge
It’s now less than a week to go until the USA decides who is going to be their next President. The state of the political discourse recalls the ‘dramatic crossroads’ meme, where the respective labels attached to the sunny uplands and the grim castle of doom is a Rorschach test…
House Speaker Vows ‘Massive Reform’ to Obamacare If Trump Wins
by The Epoch Times
House Speaker Mike Johnson (R-La.) proposed a major change to the U.S. health care system and the Affordable Care Act if former President Donald Trump wins next week’s election. “Health care reform’s going to be a big part of the agenda. When I say we’re going to have a very…
Here Are 8 Major Election Developments That Everyone Needs to Know About
by Michael Snyder
(The Economic Collapse Blog)—Can you believe that we are less than a week away from Election Day? Over 57 million Americans have already voted, and in some states more than half of the total expected vote is already in. So it may already be too late for a last minute…
Trump Promises Tax Credits for Unpaid Family Caregivers if Elected
by Natural News
Former President Donald Trump has vowed to provide unpaid family caregivers of sick loved ones with tax credit incentives for them to ease their financial burdens. According to a recent report from the National Alliance for Caregiving and the American Association of Retired Persons (AARP) study, there were 53 million…
This Election Will Not Prevent the Coming Chaos
by Mike Pottage
(WND)—It seems the justice system is overwhelmed by criminal cases involving illegals, and this puts Americans at risk of being short changed by that system. What is even more astounding is the fact this crisis was created by the Democrat Party and was 50 years in the making, and yet…
The ‘World’s Most Accurate Economist’ Has Now Predicted That Trump and GOP Will Win the 2024 Elections
by Conservative Institute
With just one week to go until the election, the presidential race appears to remain close and arguments could be made by either side for why they believe their preferred candidate is poised for victory next Tuesday. There is at least one renowned expert who thinks that former President Donald…
Absolutely Massive Food Bank Demand in the Swing States of Pennsylvania, Michigan and Wisconsin
by Michael Snyder
(The Economic Collapse Blog)—The economy is the number one political issue in America right now, and it isn’t because the economy is doing well. The long-term economic collapse that I have been writing about for years is playing out right in front of our eyes, and it is going to have…
