Daily digest market movers: Australian Dollar clears gains as markets digest Powell’s words

avatar
· 閱讀量 177


  • The Australian Dollar cleared gains against the US Dollar following the 50 basis point rate cut by the Fed.
  • The Fed lowered its GDP growth projection for 2024 to 2%, down from 2.1% previously and increased its Unemployment Rate forecast for 2024 and 2025 to 4.4%, up from 4.2%.
  • Inflation expectations eased, with PCE inflation forecast to reach 2.3% by the end of 2024, down from the previous estimate of 2.6%, while core inflation is expected to settle at 2.6%.
  • The Fed cut rates by 50 basis points to a range of 4.75-5.00% in an effort to balance economic conditions.
  • Fed Chair Powell stated that the rate cut was not a signal of a new pace of reductions and that the Fed had been patient and is moving at an appropriate pace.


風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。

喜歡的話,讚賞支持一下
回覆 0
暫無留言。 來發表第一則觀點吧。

  • tradingContest