Fed Slashes Rates by 50 BPs for First Time Since 2020, Lifts Copper Prices on Growth Outlook

Publicado: Sep 19, 2024 08:40
[The Fed Cuts Interest Rates by 50 Basis Points for the First Time, Boosting Copper Prices] In macroeconomic news, at 2 am Beijing time, the Federal Reserve cut interest rates significantly by 50 basis points, reducing the federal funds rate from 5.25% to 5.50% to 4.75% to 5.00%, marking the first such move since March 2020. Currently, Fed officials believe that with inflation approaching the 2% target and unemployment rising, they need to reduce interest rates to the range of 4.25% to 4.50% by the end of the year, higher than their expectations in June. The dot plot projection suggests that policymakers anticipate cutting interest rates by 25 basis points at the final two meetings in November and December this year...

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[The Fed Cuts Interest Rates by 50 Basis Points for the First Time, Bo - Shanghai Metals Market (SMM)