Following the Fed's rate cut, the target range for interest rates has been lowered to 3.5%-3.75%, and the Fed may continue to be flexible in its appro...
TL;DR
The Fed cut rates by 25 basis points to 3.5%-3.75%, its third cut this year, amid internal debate. Investors await December meeting minutes for details, with expectations of continued flexibility ahead of the January policy meeting.
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According to ChainCatcher, as reported by Jinshi, investors are closely watching the upcoming release of the Federal Reserve's December meeting minutes, which will detail the Fed's decision to approve a 25-basis-point rate cut, bringing the target range for the federal funds rate down to 3.5%-3.75%. This is the third rate cut this year, and there has been internal debate within the policymaking body. Ian Lingen, head of U.S. interest rate strategy at BMO Capital Markets Fixed Income Strategy, said he expects the Fed to maintain a flexible stance ahead of its January 29th policy meeting.