Fed, interest rate
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Prediction markets Kalshi and Polymarket show a more than 80% probability of a 25-basis-point Federal Reserve interest rate cut at the central bank's Dec. 9-10 policy meeting.
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks rose on Thursday and the dollar was soft on growing expectations of an interest rate cut from the Federal Reserve next month, while the yen remained on intervention watch,
October jobs and inflation reports are canceled and November data are delayed until after the Fed's Dec. 9-10 meeting. What this may mean for rates.
The Fed’s latest Beige Book points to weaker hiring, softer consumer spending, and moderate price pressures as policymakers weigh a potential year-end rate cut.
US economic activity was little changed in recent weeks, though overall consumer spending declined further except among higher-end shoppers, the Federal Reserve said.
The last piece of inflation data the Federal Reserve will see before its pivotal December meeting to debate another interest-rate cut showed just a mild increase in wholesale prices even before the government shutdown.
The Federal Reserve’s anecdotal look at the economy shows a sputtering job market and moderate inflation in November.
A look at the five favorites to lead the US Federal Reserve, and what each pick would mean for the world’s biggest economy.