Benzinga
  • 2 months ago
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

🗞
News
Transcript
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.

Recommended

0:33
I
Up next
Fed Expected to Keep Interest Rates High as Optimism Remains High for September Rate Cuts
Benzinga
0:36
Fed Chair Jerome Powell Hints at Possible Interest Rate Cut in September
Benzinga
1:31
Federal Reserve Announces Pause On Rate Hikes Amid Easing Inflation
Wibbitz Top Stories
0:30
Fed Raises Interest Rates
Benzinga
0:36
U.S. Adds 254,000 Jobs In September As Economists Note Signs Of A 'Soft Landing'
Benzinga
2:25
Fed keeps benchmark interest rate unchanged, but signals rate cuts in future
Arirang News
0:37
Federal Reserve Maintains Interest Rates, Citing 'Lack of Progress.' Sees Future Rate Hikes 'Unlikely.'
Benzinga
0:38
Fed Chair Powell Stresses Caution on Interest Rate Cuts, Stresses Need for Confidence in Inflation Trend Before Rate Cuts
Benzinga
1:58
US Fed pauses rate hikes, but warns inflation risks persist
The Star
0:53
Federal Reserve Raises Interest Rates to Highest Level in Over 22 Years
Benzinga
0:48
October CPI Up 0.2%, Annual Rate at 2.6% and in Line with Wall Street Estimates. Here's How It Could Impact The Fed's Rate Cut Policy.
Benzinga
0:58
Interest rates just went up 0.5%! #shorts
Bullish Studio
0:42
Fed Chair Jerome Powell Sees No Rush for Rate Cuts as Economy Remains Resilient, Advocates Caution
Benzinga
2:59
Federal Reserve Raises Interest Rates by a Quarter of a Percentage Point
TIME
0:31
Interest Rate Increases Will Hinge on Data, Powell Says
Benzinga
0:47
Fed Chair Powell Pushes Back on Inflation Tolerance Claims, Reiterates Commitment to 2%
Benzinga
0:35
Fed Chair Powell Hints That Interest Rates May Be Cut Before Inflation Hits 2%, Says 'Hard Landing' Unlikely for US Economy
Benzinga
0:32
Inflation Rate Nears Fed's 2% Target In September Following Rate Cuts
Benzinga
2:14
The Fed's Latest Interest Rate Hike Could Set Off a 'Domino Effect' in Regional Bank Failures
TIME
0:58
US Inflation Eases More Than Expected In May, Boosts 2024 Rate Cut Prospects Ahead Of Wednesday's Fed Meeting
Benzinga
8:58
Inflation Is Falling, Will The Fed Cut Rates Soon?
Benzinga
0:58
No US interest rate rise expected from Federal Reserve this month
euronews (in English)
0:40
Fed Minutes Show Divisions on Aggressive Rate Cuts. Treasury Yields Surge On Fed Action
Benzinga
1:31
Inflation and Interest Rate Hikes Cornering Many U.S. Households
Wibbitz Top Stories
0:44
Peter Schiff Warns Fed's Rate Cuts Won't Prevent Recession — Issues Warning About Inflation And Unemployment: 'Game Over'
Benzinga