Saxo Bank: Employment data does not change prospects for Fed rate cut in two weeks
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2024-12-07 22:32 7,446
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Golden Finance reported that Ole Hansen, head of commodity strategy at Saxo Bank, said that the employment data did not "change the outlook for the Federal Reserve to cut interest rates in two weeks." In addition, JPMorgan Asset Management bond expert Bill Eigen warned the market before the next Federal Reserve meeting that the Fed may not have as much room to cut interest rates as it imagines, and central banks would be better off not cutting interest rates again in December. That's because there are some signs that the U.S. economy is starting to heat up again, including strong GDP growth, slightly higher-than-expected inflation data last month and record stock prices, he added. (Golden Ten)