Instant Reaction: The Fed Cuts Rates 50-Basis-Points
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 18 September 2024
⏱️ 31 minutes
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Summary
Bloomberg’s Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve’s decision to cut rates 50-basis-points on a special edition of Bloomberg Surveillance
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| 1:04.7 | Podcasts, Radio News. |
| 1:07.5 | The Fed Decision with Mike McKee. |
| 1:10.8 | It's 50 and the promise of another 50 basis points in cuts by the end of the year and another 100 basis points in 2025 which would put the nation's benchmark rate at 3.4%. It's projected to fall another 50 basis points in 2026 which |
| 1:28.5 | would put the rate at 2.9% which is now the Fed's median forecast for the neutral rate that is up a 10th from June. |
| 1:37.9 | The consensus is GDP will rise 2% this year, down a 10th from the June forecast, growth will be the same in 25 and 26. |
| 1:46.0 | Unemployment will hit 4.4% this year. |
| 1:49.0 | That's an increase from the June figure. |
| 1:52.0 | It will fall to 4.3% in 2026 |
... |
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