Fed Cuts Rates Again: Balancing Job Growth Amid AI Uncertainty
The Fed cut its benchmark rate again on Oct. 29 to boost job growth amid AI-driven risks and a data blackout leaving policymakers in the dark on key economic signals.
My Global News: Voices of a New Era
π Stay Ahead, Stay Global π
The Fed cut its benchmark rate again on Oct. 29 to boost job growth amid AI-driven risks and a data blackout leaving policymakers in the dark on key economic signals.
The Fed cut rates by 25bps to 3.75-4%, marking its fifth cut since Sept β24, as a US government shutdown adds uncertainty and delays key data, with markets eyeing the next easing move.
The Fed cuts rates by 25bps to 4-4.25%, highlighting moderating growth and persistent inflation. Updated projections show GDP rising to 1.9% by 2027 and unemployment easing to 4.3%.
Gold hit a record $3,578.50/oz as bets on US Fed cuts, a weaker dollar, and institutional shifts fuel a 30% gain this year.
The Federal Reserve’s unprecedented 50 basis point rate cut marks a pivotal shift, influencing the U.S. and global economies in diverse ways.