{"id":107983,"date":"2024-11-07T23:50:24","date_gmt":"2024-11-07T19:50:24","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=107983"},"modified":"2024-11-08T00:50:17","modified_gmt":"2024-11-07T20:50:17","slug":"powell-explains-feds-rate-cut-decision","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/powell-explains-feds-rate-cut-decision\/11\/07\/market-updates\/","title":{"rendered":"Powell explains Fed\u2019s rate cut decision"},"content":{"rendered":"\n<p>Federal Reserve Chairman Jerome Powell explains the decision to reduce the Federal Funds Target Range (FFTR) by 25 basis points to 4.50%-4.75% following the November meeting and answers questions during the subsequent press conference.<br><br>The US Dollar remains largely on the defensive following the Fed&#8217;s decision to lower its rates by 25 bps, as was largely anticipated. The US Dollar Index (DXY) revisits the 104.50 region, fading part of the post-Trump strong climb to the boundaries of the 105.00 barrier in the previous day.<br><br><strong>Key Quotes<br><\/strong><br>Fed took another step in reducing policy restraint.<br><br>The labour market remains solid.<br><br>Inflation has eased substantially.<br><br>I continue to be confident that with recalibration of stance, inflation moves sustainably down to 2%.<br><br>Unemployment rate has edged down in past 3 months, remains low.<br><br>In near term election will have no effect on policy decision.<br><br>Economy is hard to forecast beyond near term.<br><br>I don&#8217;s know timing, substance of policy changes.<br><br>Will see where bond rates settle, too early to say where.<br><br>Appears that moves in bond rates are not mostly about higher inflation expectations.<br><br>Bond rates are reflectinbg growth expectations.<br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Chairman Jerome Powell explains the decision to reduce the Federal Funds Target Range (FFTR) by 25 basis points to 4.50%-4.75% following the November meeting and answers questions during the subsequent press conference.The US Dollar remains largely on the defensive following the Fed&#8217;s decision to lower its rates by 25 bps, as was largely &hellip;<\/p>\n","protected":false},"author":13,"featured_media":96292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[],"class_list":["post-107983","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=107983"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107983\/revisions"}],"predecessor-version":[{"id":107987,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107983\/revisions\/107987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/96292"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=107983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=107983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=107983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}