Atlanta Federal Reserve Bank President Bostic pointed out that the U.S. economy is gradually slowing down. If this trend continues, the Fed should be able to reduce the rate hike to one yard at the next policy meeting.

(Reuters file photo)

[Compilation of Wei Guojin/Comprehensive Report] After the release of the latest non-agricultural employment report in the United States on the 6th, CME Group's interest rate futures showed that investors believe that the Federal Reserve (Fed) will raise interest rates at the end of this month ○.

Twenty-five percent (one yard) has a whopping seventy-five percent chance.

Federal Reserve Bank of Atlanta President Raphael Bostic pointed out that the report is another sign that the U.S. economy is gradually slowing down. If this trend continues, the Fed should be able to reduce the rate hike by one yard at the next policy meeting.

Postik said he favored a one-point rate hike as soon as the tightness in the labor market begins to ease.

Data showed that although the U.S. unemployment rate fell to three.

5%, but wage growth has slowed amid the Fed's efforts to reduce inflation without triggering mass layoffs.

Please read on...

He said the data would not change his outlook for the U.S. economy, emphasizing that the Fed must raise interest rates further and keep them high until 2024 because inflation is still too high, and he thinks the terminal rate will fall between 5% and 2024. Fives.

Between twenty and five percent.

Chicago Fed President Charles Evans, who will retire this week, said recent economic data supports the stance of raising interest rates by a quarter at the next meeting.

But reducing the rate hike does not mean that the Fed is ready to stop raising interest rates, but to start raising interest rates gradually by one yard.

Some analysts believe the jobs report supports the Fed's policy shift.

Michael Feroli, chief U.S. economist at JPMorgan Chase & Co., said, “While job growth remains strong, the details of the report give us more confidence that job growth will slow significantly in the coming months; , but easing labor demand may be enough for the Fed to cut rates by a quarter at its next meeting."

Still depends on inflation report

John Augustine, Chief Investment Officer of Huntington Bank, said that the Fed will raise interest rates until the economy is in recession. However, the Fed must see a slowdown in price growth in December before deciding whether to lower the rate hike. interest rate.

The inflation report is scheduled to be released on the 12th.

Fed Governor Cook (Lisa Cook) emphasized that inflation is still too high, which is very worrying. "I would like to remind you not to pay too much attention to some favorable monthly reports in the past."

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.