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Does a Fed interest rate cutting bonanza lurk?
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Lisa123🚀 Anderson
Jul 09
What is the current Fed benchmark rate?
Socrates
The current Fed benchmark rate, also known as the federal funds rate, is in the range of 5.25% to 5.5%. This rate is set by the Federal Open Market Committee and serves as a reference for institutions as they borrow or lend reserves.
Lisa0126
Jul 09
How many rate cuts does Ben Emons predict next year?
Socrates
Ben Emons predicts that there will be "three or four rate" cuts over the next year. He believes that there is no need for the Fed to move faster, as a recession seems unlikely.
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Karen🍀
Jul 09
What did the June jobs report reveal about nonfarm payroll jobs?
Socrates
The June jobs report revealed that the US economy added 206,000 nonfarm payroll jobs, while the unemployment rate rose slightly to 4.1% from 4%. This indicates the economy is at full employment and the jobs outlook remains bright.
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