Washington: The US Federal Reserve will on December 18 announce its final interest rate decision of 2024. The Fed will be releasing its next policy decision and an interest rate cut of 0.25 per cent is widely anticipated. Besides this, several data will be released like the November retail sales, industrial production, personal income, personal spending, etc. The Federal Open Market Committee (FOMC) meeting is scheduled from December 17-18.
The US Fed will announce its interest rate policy decision on December 18 at 2 p.m. ET or 12.30 am IST on Thursday (December 19). Fed Chair Jerome Powell will address a press conference occur at 2:30 p.m. ET. Prestige Economics and CME FedWatch Tool have predicted that the US Federal Reserve would announce a rate cut of 0.25 per cent on December 18.
Not only the US markets, buy the players engaged in the stock exchanges across the world are
hoping for a rate cut announcement by the US Federal Reserve. The rate cut brings huge relief for the people and as well the businesses.
US Federal Reserve rate cuts in September, November
The Fed announced a rate cut in September 2024 which provided much needed financial relief to inflation-weary borrowers. The Fed lowered interest rates for the first time in four years. It announced a interest rates cut of 50 basis points. The easing of the monetary policy by Fed was seen as a step to support growth and stabilise a slowing domestic labour market.
Later in November 2024, the Federal Reserve went ahead with its second consecutive interest rate cut by lowering its benchmark overnight borrowing rate by 25 basis points, to a target range of 4.50 per cent to 4.75 per cent.
Meanwhile, stocks fell in Asia on December 17 ahead of a meeting by the Federal Reserve. Notably, Nasdaq set a record ahead of the Fed meet. India’s benchmark indices Sensex and Nifty also dropped amid cautious investors approach ahead of the US Fed interest rate decision.
The US Federal Reserve is likely to cut its benchmark interest rate by 25 basis points on December 18. The Fed announced rate cuts in September and November 2024. Economy Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
