Filed under: International markets, Consumer experience, Market matters, Economic data, Housing, Federal Reserve, Recession
As the Federal Reserve starts this week’s meeting today, the question that the Fed will probably be asking is not whether to cut interest rates again, but just how much of a rate cut they should make in order to help fight off a possible recession.
Last week the Fed announced a surprise 75 basis point rate cut in an attempt to soothe concerns over an American recession, and now the question is, what can we expect this time around? Since the outlook of another rate cut seems to be all but a forgone conclusion, the question becomes, what level rate cut will we see?
After last week’s cut, the Fed rate is now sitting at 3.5%, and most analysts are expecting to see that drop by a half percentage point to 3% when the Fed announces it sdecision tomorrow afternoon. Some are even starting to wonder if we could see another 75 basis point drop.
Continue reading Fed likely to cut rates again, but by how much?
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