Experts adjusted their views on Federal Reserve interest-rate policy after September’s stronger-than-expected jobs report. Before the jobs data, economists were divided on how much the Fed would cut interest rates in November. Following the report, interest-rate futures imply a nearly 84% chance of a quarter-point cut. Larry Summers warned that September’s 0.5-point rate cut may have been unnecessary, given wage growth remains elevated. Stanley Druckenmiller believes the Fed should tread carefully with rate cuts. The Fed’s next decision will hinge on upcoming jobs and inflation data, potentially impacting consumer loans and savings returns.
Category
🗞
NewsTranscript
00:00It's Benzinga, and here's what's on the block.
00:03Experts adjusted their views on Federal Reserve interest rate policy after September's stronger-than-expected
00:08jobs report.
00:10Before the jobs data, economists were divided on how much the Fed would cut interest rates
00:14in November.
00:15Following the report, interest rate futures imply a nearly 84 percent chance of a quarter
00:20point cut.
00:21Larry Summers warned that September's half-point rate cut may have been unnecessary given wage
00:26growth remains elevated.
00:28Stanley Drunkenmiller believes the Fed should tread carefully with rate cuts.
00:32The Fed's next decision will hinge on upcoming jobs and inflation data, with potential impacts
00:37on consumer loans and savings returns.
00:39For all things money, visit Benzinga.com.